Many organizations and companies signed agreements at the event to jointly launch projects in SIP to promote fintech innovation and application, while several others inaugurated new R&D facilities in SIP. This will drive improvement of SIP’s fintech industry chain and give Suzhou a leg up in developing into a major component of the fintech development and application network at the Yangtze River Delta (YRD) region.
Suzhou’s exhibits became an eye-catcher at the expo. The exhibits gave a holistic picture of the city’s strategies, measures and future visions of accelerating fintech development relying on the country’s Belt and Road Initiative and YRD integration strategy.
Among the new R&D facilities is the 5G Financial Application Innovation Center jointly founded by CAICT and several other organizations. Relying on Suzhou’s advantages in opening-up, investment promotion and commercialization of research findings, the center will dedicate to promoting application of 5G technology in financial services.
