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Seminar: Finance should serve real economy

| 2017-11-02
(Chinese Social Sciences Today)

More than 70 experts and scholars discussed ways to enhance the finance sector’s ability to serve the real economy at a seminar held in Nanjing, Jiangsu Province, on Oct. 22. Wu Xianman, director of the Jiangsu Institute of Financial Research, said that problems related to financial market scale and the credit environment are hindering the financial sector’s capacity to support the development of the real economy. Steps should be taken, such as enriching the organizational system of the banking industry and effectively utilizing private capital, Wu said. AI has been widely used in the financial field. Intelligent finance can improve the speed and accuracy of financial investment and services, creating more market demand. It also can be beneficial to the development of inclusive finance, said Chen Xuebin, a professor from the Institute of Financial Research at Fudan University.