The digital economy enters the "fast lane", where is the digital transformation of the securities industry?

[Dahe Daily · Dahecai Cube] (Reporter Zhang Keyao) Since this year, with the release of the design of the "14th Five -Year Plan" digital economy in my country, the development of the digital economy from all over the country has entered the "fast lane" and the digital transformation of various industries has accelerated. For the financial industry, digital transformation is also regarded as an important driving force for financial standardization.

The securities market is an important part of the complete financial system. The digital transformation competition of the securities industry is "fierce", and fintech is continuously empowering the securities industry. Some analysts have pointed out that the consciousness of the securities industry for digital transformation is initially in place, but as the transformation enters the deep water area, many challenges such as unclear direction, insufficient collaboration, and poor foundation will gradually appear.

Digital transformation of the securities industry has a programming guide

In January of this year, the State Council issued the "Fourteen Five -Year Plan" Digital Economy Development Plan, and a new round of top -level design in my country's digital economy was released. The "Government Work Report" issued during the National Two Sessions this year will be settled in a section of the digital economy.

Digital transformation is an important path for the development of the digital economy. The "Fourteenth Five -Year Plan" Digital Economic Development Plan "pointed out that at present, a new round of scientific and technological revolution and industrial change have developed in depth. Digital transformation has become a general trend. Affected by multiple factors in the internal and external parts, the situation facing the development of the digital economy in my country is undergoing profound changes in the situation. Essence The financial industry is regarded as one of the key areas of digital transformation of the "Fourteenth Five -Year Plan" digital economy.

In February, the "Fourteenth Five -Year Plan" Development Plan for Financial Standardization "was launched. The document was jointly issued by the People's Bank of China in conjunction with the General Administration of Market Supervision, the CBRC, and the Securities Regulatory Commission. This document pointed out that it optimizes the financial standardization operating mechanism, improves the standardization capabilities of financial institutions, promotes the digital transformation of financial standardization work, and strengthens the construction of financial standardized talent teams.

The securities market is an important part of the complete financial system. In fact, the programming guide of the digital transformation of the securities industry has been released last year. In October 2021, the "14th Five -Year Plan" (hereinafter referred to as the "Plan") compiled by the Science and Technology Supervision Bureau of the CSRC organized relevant units was officially released.

Yao Qian, director of the Science and Technology Supervision Bureau of the CSRC, said that the main goal of the "Planning" is to clarify the guiding ideology, work principles and work priorities of the digital transformation and scientific and technological supervision of the "Fourteenth Five -Year Plan" period. Prospective, global, basic and targeted major strategic measures provide a programmatic guide for the digital transformation and development of the securities and futures industry in the new development stage.

Analysis says that there are many challenges in the digital transformation of the securities industry

Within the securities industry, digital transformation has become a new proposition for the industry's joint exploration. In August of this year, the China Securities Industry Association (hereinafter referred to as the China Securities Association) carried out industry research to understand the digital transformation progress of various securities stock companies, and focused on how to empower the company's specific business and business management.

The survey results will be used for the "Digital Transformation Practice Report and Typical Cases" written by the China Securities Association, which shows the excellent results, good experience, typical cases of securities companies in digital transformation practice. It is reported that the report aims to implement the "Planning" described in the previous article to promote the digital transformation of the industry, promote industry scientific and technological progress, actively guide the industry to promote digital transformation, and facilitate industry exchanges and learning.

The "Research Report on Promoting the Digital Transformation and Development of the Securities Industry" released by the China Securities Association in August 2020 put forward four suggestions:

The first is to increase the investment of scientific and technological investment and support independent innovation of the industry, including: optimizing the index of information technology investment in the classification and evaluation of securities companies; promoting the best practice in the field of digital transformation in the industry; encouraging the industry to strengthen external cooperation in the field of information technology.

The second is to enhance digital governance capabilities and promote business integration and development. Specifically, it includes: accelerate the introduction of industry standards, promote the integration of fintech applications; encourage the industry to build a digital strategy, and thoroughly tap the value of data.

The third is to improve the talent development mechanism and consolidate the foundation of digital talents, including: clarify relevant regulations, unblock data talent introduction; build a long -term talent incentive mechanism to stimulate the vitality of data talents; improve the data talent training mechanism and strengthen the construction of professional talent teams.

The fourth is to strengthen data security guarantee, adhere to the bottom line of risk, and specifically include: strengthen the application of data security technology, build a data security guarantee system; enhance data security management and control, and improve business continuity guarantee capabilities.

Regarding the digital transformation of the securities industry, He Dadong, the managing director of Boston Consulting (BCG), analyzed in the research report released by February this year that overall, the industry's awareness of the concept of digital transformation is preliminarily in place, and the importance and importance of transformation and transformation The urgency has reached consensus. However, as the transformation enters deep water areas, many challenges such as unclear direction, insufficient collaboration, and foundation are gradually emerging. How to find the way of breaking the situation is an important issue for the next step.

Where is the current digital transformation of the securities industry?

Securities company is the main body of the digital transformation of the securities industry. What are the characteristics of digital transformation in the current time node?

The "Digital Economy Panorama White Paper · Securities Digital Articles" released in September this year pointed out that the current securities firms are constantly increasing technology investment, and fintech has become a key layout of the industry. , Active user scale fluctuations have risen; APP has become an important competitive platform for digitalization of securities firms. Intelligent, channelized, socialized, and videoization provides mobile innovation development strategies; digital strategy continues to drive the development of wealth management of securities firms. In the process of digital transformation of major securities firms, Central Plains Securities has certain representativeness. In recent years, Central Plains Securities has created a digital blueprint for wealth management with both operating capabilities and strategic support through layout, and further accelerated the pace of the transformation of the wealth management of Central Plains Securities. The continuous enrichment and technological innovation of digital blueprints, it is not difficult to see that Central Plains Securities is building its own wealth management digital application ecosystem.

Operating capabilities also require the assistance of emerging technical means. The integration of information technology and financial business will continue to create new business models, applications and products, and reshape financial institutions and financial services. Central Plains Securities actively embraced financial technology and incorporated information technology such as artificial intelligence and big data into operational activities. The smart service systems and smart market experiences launched by the smart service system also made customer service more efficient.

In the future, with the in -depth advancement of the digital transformation strategies of major securities firms, the digital economy scale of the securities industry may continue to be released. The wealth management digital application ecosystem built by Central Plains Securities based on rich application scenarios is expected to usher in a new round of development opportunities. Essence

Responsible editor: Chen Yuyao | Review: Li Zhen | Director: Wan Junwei

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