Source Title: Bank of Beijing Dai Wei: Actively Participate in Digital Cultural Ecological Construction to Strengthen Financial Service Innovation
More than two months ago, the Beijing Winter Olympics and Winter Paralympics presented by digital technology successfully ended. The magnificence and wisdom of Chinese culture once again made people all over the world feel its powerful influence. How should banking institutions seize the opportunities of digital economy development and promote the integration and upgrading of cultural and financial services? Bank of Beijing, the “top sheep” of listed city commercial banks in China, gave its answer.
On May 27, at the theme forum of “Financial Strategy: ‘Digital Age’ Finance Helps Build Chinese Culture’s Global Influence” at the Beijing Think Tank Spring Summit, Bank of Beijing Assistant President, Corporate Business Director, and President of Beijing Branch Dai Wei said , the implementation field of cultural and financial integration and upgrading will focus on the digitization of the cultural industry; at the same time, regarding the direction of cultural and financial integration and upgrading, in the view of Bank of Beijing, it will infiltrate around the digital cultural industry chain and ecological scenarios.
According to Dai Wei, in the past few years, Bank of Beijing has increased its support for proactively intelligent management and digital operation of cultural projects, and has guided and assisted cultural enterprises to carry out digital transformation through financial means.
In addition, he also said, “In recent years, Bank of Beijing has been based on the open banking technology platform, focusing on the digital cultural industry and other fields, opening up API interfaces, exporting scientific and technological capabilities, and creating a scene ecosystem with Bank of Beijing characteristics”. The empowerment of new technologies such as data, cloud computing, artificial intelligence, blockchain, etc., establish digital links with related enterprises, governments and individuals in the (cultural) industrial chain and industrial ecology, and jointly build an open ecology, and integrate the digital services of Bank of Beijing. Extend to rich service scenarios.”
▲2022 Beijing Think Tank Spring Summit.Photo/Beijing News
Take the initiative to participate in the construction of digital cultural ecology
Bank of Beijing is a listed city commercial bank with a history of 26 years and more than 650 branches in more than ten central cities such as Beijing and Shanghai, as well as in the Hong Kong Special Administrative Region and the Netherlands. As of the end of March 2022, the total assets of Bank of Beijing reached 3.14 trillion yuan, leading the country’s listed city commercial banks.
According to Dai Wei, the Bank of Beijing’s financial support for the exploration of cultural industries can be traced back to the project “Research on the Construction of Financial Support System for the Development of Beijing’s Cultural and Creative Industries” submitted by the Bank to the Beijing Municipal Party Committee and Municipal Government in 2006; The Bank established a characteristic brand of cultural finance of Bank of Beijing, achieved characteristic and differentiated development, and ranked first in the market share of cultural finance in Beijing.
“Digital economy (is) one of the most important and popular keywords in recent years.” When talking about the theme of this forum, Dai Wei first said.
Under the guidance of the national digital economy strategy, and empowered by digital technologies such as the Internet, big data, and artificial intelligence, the digitalization of the cultural industry to promote the iterative development of the cultural industry has a distinct application field. Taking the film and television industry as an example, from Dai Wei’s observation, artificial intelligence technology applied to IP creation and script links, virtual reality and digital special effects technology applied to production and post-production, big data technology applied to the publicity stage, and applied to dissemination The fifth-generation mobile communication (5G) high-definition technology and the blockchain technology used in copyright protection and transactions are currently promoting the digital transformation of the entire film and television industry.
Since the new crown pneumonia epidemic, digitalization has become the main driving force for the development of the cultural industry. The explosive development of online new cultural formats such as online audio-visual, digital cultural tourism, and digital marketing creates new opportunities for cultural and financial integration.
According to Dai Wei, in the past few years, Bank of Beijing has focused on supporting the digital upgrade of cultural fields such as film, television and publishing; it has focused on the media iteration effect of the mobile Internet and supported some emerging digital cultural enterprises such as online audio-visual and digital marketing. In the cultural infrastructure with independent intellectual property rights, cultural equipment, research and development, design and manufacturing of software and hardware products, digital transformation of cultural enterprises, platform construction, creation of new scenes of cultural consumption with the help of digitalization, and promotion of Chinese excellent cultural products and services “Go overseas” In other respects, he believes that continuous support from financial resources is needed.
“Banking institutions including Bank of Beijing need to pay close attention to the trend, direction and path of digital development of the cultural industry, and at the same time re-examine the risks of cultural entrepreneurship and risk management reengineering from the perspective of financial risk management, improve the efficiency of financial services, and contribute to the development of digital culture. Enterprises provide diversified financial services such as credit, payment settlement, cash management, fund custody, credit enhancement, investment, listing, etc.” he said on the spot.
At the same time, Bank of Beijing is also concerned that the current digital cultural industry not only involves new media, digital cultural tourism, e-sports, animation and derivative industries, digital marketing and other emerging cultural formats, but also has strong penetration The in-depth integration of industries such as information industry, tourism, and commerce and trade circulation is also combined with virtual reality, social e-commerce, online and offline integrated consumption and other modes, and is in the process of extending the industrial chain and expanding and improving the ecosystem.
Correspondingly, scene aggregation and ecological docking to realize “one-stop” financial services have also become the requirements of the state for banking institutions.
The reporter noticed that in the 2021 annual report, Bank of Beijing clearly stated that “the Bank will unswervingly promote ‘scenario’ with ‘digital’ and drive ‘digital’ with ‘scenario'”. Dai Wei also believes that banking institutions should take the initiative to participate in the construction of digital cultural ecology, and continue to strengthen the innovation of financial products and service models that meet the characteristics of the industry.
Specifically, Dai Wei proposed that the bank’s “active attack” should be mainly manifested in three aspects:
First, relying on platform customers to form a “bank + platform” model, extending financial services to the merchant circle on the platform, and further expanding to the upstream and downstream customer circles of the platform to form a financial service ecosystem. The second is to strengthen internal linkage and promote a comprehensive and integrated service model. The third is to strengthen cooperation with the government, financial peers, and third parties, and actively connect with a series of government plans, key projects, and credit enhancement mechanisms to support the development of the digital cultural industry, so as to achieve information sharing, risk sharing, and win-win value.
Returning to the origin of financial support culture
The digital cultural industry has broad prospects and huge market dividends.
From the perspective of Bank of Beijing, the essence of digital cultural industry is cultural industry, and the key to high-quality development still depends on content quality and innovation. Therefore, to promote the integration and upgrading of culture and finance, for banking institutions, it is necessary to make good use of the enabling lever of “comprehensive promotion of multi-dimensional digital transformation”.
“The content industry is the core of the cultural industry” and “technology is only a means”, Dai Wei emphasized, “animation games, online literature, online music, online video, digital art, creative design, etc. are just forms of expression.”
“We believe that financial support for the digital cultural industry should be based on boosting the level of effective supply of high-quality digital cultural content. Bank of Beijing will, as always, focus on supporting those who innovate and use digital technology to deeply mine and develop cultural resources, and continuously strengthen the digital cultural industry. An enterprise with original content and capacity building.” Dai Wei said.
“Finally, what I want to say is that only by returning to the origin of financial support culture can we truly see the moon light through the clouds,” he said.
More than two months ago, the Beijing Winter Olympics and Winter Paralympics presented by digital technology successfully ended. The magnificence and wisdom of Chinese culture once again made people all over the world feel its powerful influence. How should banking institutions seize the opportunities of digital economy development and promote the integration and upgrading of cultural and financial services? Bank of Beijing, the “top sheep” of listed city commercial banks in China, gave its answer.
On May 27, at the theme forum of “Financial Strategy: ‘Digital Age’ Finance Helps Build Chinese Culture’s Global Influence” at the Beijing Think Tank Spring Summit, Bank of Beijing Assistant President, Corporate Business Director, and President of Beijing Branch Dai Wei said , the implementation field of cultural and financial integration and upgrading will focus on the digitization of the cultural industry; at the same time, regarding the direction of cultural and financial integration and upgrading, in the view of Bank of Beijing, it will infiltrate around the digital cultural industry chain and ecological scenarios.
According to Dai Wei, in the past few years, Bank of Beijing has increased its support for proactively intelligent management and digital operation of cultural projects, and has guided and assisted cultural enterprises to carry out digital transformation through financial means.
In addition, he also said, “In recent years, Bank of Beijing has been based on the open banking technology platform, focusing on the digital cultural industry and other fields, opening up API interfaces, exporting scientific and technological capabilities, and creating a scene ecosystem with Bank of Beijing characteristics”. The empowerment of new technologies such as data, cloud computing, artificial intelligence, blockchain, etc., establish digital links with related enterprises, governments and individuals in the (cultural) industrial chain and industrial ecology, and jointly build an open ecology, and integrate the digital services of Bank of Beijing. Extend to rich service scenarios.”
▲2022 Beijing Think Tank Spring Summit.Photo/Beijing News
Take the initiative to participate in the construction of digital cultural ecology
Bank of Beijing is a listed city commercial bank with a history of 26 years and more than 650 branches in more than ten central cities such as Beijing and Shanghai, as well as in the Hong Kong Special Administrative Region and the Netherlands. As of the end of March 2022, the total assets of Bank of Beijing reached 3.14 trillion yuan, leading the country’s listed city commercial banks.
According to Dai Wei, the Bank of Beijing’s financial support for the exploration of cultural industries can be traced back to the project “Research on the Construction of Financial Support System for the Development of Beijing’s Cultural and Creative Industries” submitted by the Bank to the Beijing Municipal Party Committee and Municipal Government in 2006; The Bank established a characteristic brand of cultural finance of Bank of Beijing, achieved characteristic and differentiated development, and ranked first in the market share of cultural finance in Beijing.
“Digital economy (is) one of the most important and popular keywords in recent years.” When talking about the theme of this forum, Dai Wei first said.
Under the guidance of the national digital economy strategy, and empowered by digital technologies such as the Internet, big data, and artificial intelligence, the digitalization of the cultural industry to promote the iterative development of the cultural industry has a distinct application field. Taking the film and television industry as an example, from Dai Wei’s observation, artificial intelligence technology applied to IP creation and script links, virtual reality and digital special effects technology applied to production and post-production, big data technology applied to the publicity stage, and applied to dissemination The fifth-generation mobile communication (5G) high-definition technology and the blockchain technology applied to copyright protection and transactions are currently promoting the digital transformation of the entire film and television industry.
Since the new crown pneumonia epidemic, digitalization has become the main driving force for the development of the cultural industry. The explosive development of online new cultural formats such as online audio-visual, digital cultural tourism, and digital marketing creates new opportunities for cultural and financial integration.
According to Dai Wei, in the past few years, Bank of Beijing has focused on supporting the digital upgrade of cultural fields such as film, television and publishing; it has focused on the media iteration effect of the mobile Internet and supported some emerging digital cultural enterprises such as online audio-visual and digital marketing. In the cultural infrastructure with independent intellectual property rights, cultural equipment, research and development, design and manufacturing of software and hardware products, digital transformation of cultural enterprises, platform construction, creation of new scenes of cultural consumption with the help of digitalization, and promotion of Chinese excellent cultural products and services “Go overseas” In other respects, he believes that continuous support from financial resources is needed.
“Banking institutions including Bank of Beijing need to pay close attention to the trend, direction and path of digital development of the cultural industry, and at the same time re-examine the risks of cultural entrepreneurship and risk management reengineering from the perspective of financial risk management, improve the efficiency of financial services, and contribute to the development of digital culture. Enterprises provide diversified financial services such as credit, payment settlement, cash management, fund custody, credit enhancement, investment, listing, etc.” he said on the spot.
At the same time, Bank of Beijing is also concerned that the current digital cultural industry not only involves new media, digital cultural tourism, e-sports, animation and derivative industries, digital marketing and other emerging cultural formats, but also has strong penetration The in-depth integration of industries such as information industry, tourism, and commerce and trade circulation is also combined with virtual reality, social e-commerce, online and offline integrated consumption and other modes, and is in the process of extending the industrial chain and expanding and improving the ecosystem.
Correspondingly, scene aggregation and ecological docking to realize “one-stop” financial services have also become the requirements of the state for banking institutions.
The reporter noticed that in the 2021 annual report, Bank of Beijing clearly stated that “the Bank will unswervingly promote ‘scenario’ with ‘digital’ and drive ‘digital’ with ‘scenario'”. Dai Wei also believes that banking institutions should take the initiative to participate in the construction of digital cultural ecology, and continue to strengthen the innovation of financial products and service models that meet the characteristics of the industry.
Specifically, Dai Wei proposed that the bank’s “active attack” should be mainly manifested in three aspects:
First, relying on platform customers to form a “bank + platform” model, extending financial services to the merchant circle on the platform, and further expanding to the upstream and downstream customer circles of the platform to form a financial service ecosystem. The second is to strengthen internal linkage and promote a comprehensive and integrated service model. The third is to strengthen cooperation with the government, financial peers, and third parties, and actively connect with a series of government plans, key projects, and credit enhancement mechanisms to support the development of the digital cultural industry, so as to achieve information sharing, risk sharing, and win-win value.
Returning to the origin of financial support culture
The digital cultural industry has broad prospects and huge market dividends.
From the perspective of Bank of Beijing, the essence of digital cultural industry is cultural industry, and the key to high-quality development still depends on content quality and innovation. Therefore, to promote the integration and upgrading of culture and finance, for banking institutions, it is necessary to make good use of the enabling lever of “comprehensive promotion of multi-dimensional digital transformation”.
“The content industry is the core of the cultural industry” and “technology is only a means”, Dai Wei emphasized, “animation games, online literature, online music, online video, digital art, creative design, etc. are just forms of expression.”
“We believe that financial support for the digital cultural industry should be based on boosting the level of effective supply of high-quality digital cultural content. Bank of Beijing will, as always, focus on supporting those who innovate and use digital technology to deeply mine and develop cultural resources, and continuously strengthen the digital cultural industry. An enterprise with original content and capacity building.” Dai Wei said.
“Finally, what I want to say is that only by returning to the origin of financial support culture can we truly see the moon light through the clouds,” he said.