The second ZIBS Speakers Series rounded off
On April 20, “The second ZIBS Speakers Series” co-hosted by Zhejiang University International Business School (ZIBS) and the Communist Youth League Committee of Hangzhou, was held in Hangzhou. Dean of ZIBS Professor Ben Shenglin and Deputy Secretary of the Communist Youth League Committee of Hangzhou Chen Longning addressed the summit, which was attended by more than 150 people including personnel from the government, institutions and universities and young entrepreneur representatives. The summit was chaired by Yu Lei, Director of (Jianggan) Industrial Research Center, Zhejiang University Academy of Internet Finance (AIF).
The summit was organized by the Hangzhou Young Entrepreneurs Association AIF (Jianggan) Industrial Research Center with support from the Zhejiang University Alumni Association Hangzhou.
Chen Longning pointed out in his speech, “The Communist Youth League Committee of Hangzhou highly values business innovation and the growth of young entrepreneurs. Since the beginning of this year, the Committee has carried out a lot of training and exchange activities in cooperation with many institutions including the Hangzhou Young Entrepreneurs Association in order to serve young entrepreneurs. As a global and intelligent new-type business school based in China with the world in view in the new economic era, ZIBS can provide young entrepreneurs with international, forward-looking theoretical learning opportunities and business leaders with opportunities to broaden their horizons and cultivate their global strategic thinking. He hopes that everybody can learn something from the summit. Also, he wishes the summit a complete success.”
Professor Ben Shenglin gave a speech titled “Lofty Ambition, Inflexible Will and Heavy Burden—New Global Financial Structure and New Opportunities for Rise of China”. He analyzed and expounded the future development of finance in China and potential opportunities in the new environment from the perspective of new global financial structure, historical evolution of financial powers and new opportunities for the rise of China. He pointed out, “The seven major global fintech centers highlight a global fintech development pattern featured by the leading development of fintech in Asia and America and slightly slow development in Europe. The world has ushered in a historical opportunity that enables finance to change the lane and overtake. China has taken the lead in developing fintech.”
At present, the fintech centers have taken on an increasingly strong linkage effect, gradually forming multiple urban communities that boast an open economic structure, efficient resource allocation capability and powerful agglomeration spillover. Of the communities, the Yangtze River Delta region, which has a GDP of USD3 trillion and a population of 200 million, has already grown into a global fintech heartland. With the in-depth implementation of the “Belt and Road” Initiative, the Yangtze River Delta region will usher in more opportunities and a broader development space. In the new era, in the current global pattern that the USA is leading the development of digital economy and China is catching up from behind, the sustainable development of the financial industry calls for multi-polar linkage, multi-wheel driving and multidirectional development at the political, industrial and academic levels. ZIBS does hope to follow the new economic trend and seize opportunities in the Yangtze River Delta region to inject fresh blood into China’s financial industry to promote its rise.
Vice Dean of ZIBS Joshua Kobb briefed the attendees on the history and mission of ZIBS. ZIBS aims to be a global business school in the new economic era and a builder of a future global ecosystem. It will give full play to the spirit of pragmatism and innovation of Zhejiang University to provide China and the world with Zhejiang University’s heritage, China’s essence and the world’s wisdom in the new economic era. Then he detailed the research and curriculum projects initiated by ZIBS, including the EEP and iMBA programs.
According to him, Zhejiang Province and the Yangtze River Delta region, where Zhejiang University is located, witness the most dynamic economic and innovative activities as well as the best management practice in China. ZIBS hopes to take full advantage of strategic opportunities brought about by the integration of the Yangtze River Delta and the development of the Hangzhou Greater Bay Area to build a global growth platform for young entrepreneurs, provide innovative and entrepreneurial models for outstanding entrepreneurs, and train high-level innovative and entrepreneurial talents to improve China’s business environment and build a sustainable business ecosystem.
Xu Donghui, who is in charge of the EEP program offered by ZIBS, gave a presentation of the ZIBS CEO Class：US Module. According to him, with the rapid development of globalization, ZIBS will establish cooperation with world-class universities to actively introduce high-quality foreign educational resources, explore new models of continuing education development, and conduct joint training of high-level talents to better serve young businesses.
As part of the ZIBS Global CEO Program Series, the US module is developed by ZIBS in partnership with the Wharton School, University of Pennsylvania. The program focuses on the latest technologies, regulatory developments and industry best practices in the US and globally, aimed at training leaders with global strategic thinking for the fintech ecosystem. In the future, more business elites will go out of China into the world via the training and exchange platform offered by ZIBS.
During interactions, the spectators and guests had an in-depth exchange of views on problems faced by fintech enterprises, gave advice on the development of fintech enterprises, discussed how to better serve the real economy and train professionals.