AFCA Fintech Cooperation Committee Held A Closed-door Seminar Entitled “Walking into Tencent & Huawei”

On October 31, 2023, a closed-door seminar entitled “Walking into Tencent & Huawei” of the AFCA-FTCC was successfully held in Shenzhen, China.Ms. Pang Kuixia, Deputy Secretary-General of AFCA and Mr. Peter Simon, Managing Director of World Savings and Retail Banking Institute, led their teams to participate in the event. In the morning, relevant members of the AFCA and WSBI visited the Building of Binhai at the Shenzhen headquarters of Tencent; held discussions on Tencent’s Fintech business, consumer rights protection, WeChat payment, Licaitong, intelligent risk control and other related topics. In the afternoon, AFCA organized members to visit the Shenzhen headquarters of Huawei, shared experience on Huawei's digital transformation practices, and had in-depth exchanges on digital transformation, data management and artificial intelligence in banking and insurance industries. At the same time, AFCA organized WSBI delegation to visit Ping An Bank and had in-depth exchanges on smart banking, data security, Fintech innovation, and other topics. More than 50 representatives from nearly 20 countries and regions, including China, Hong Kong China, Taiwan China, Singapore, Tajikistan, Kyrgyzstan, Philippines, Australia, France, Germany, Belgium, Italy, Spain, Luxembourg, Austria, Tanzania and Zimbabwe, participated in the relevant activities. Institutions mainly include the World Savings and Retail Banking Institute (WBSI), Tencent Group, Chinese Banking Association of Hong Kong (HKCBA), Treasury Markets Association, Australian And New Zealand Institute of Insurance and Finance (ANZIIF), China Construction Bank (CCB), Development Bank of Singapore (DBS), Zhongtai Securities, Yuanta Securities, China Taiping Insurance, China Export and Credit Insurance Corporation (Sinosure), Mitsui Sumitomo Insurance, Pricewaterhouse Coopers (PwC), Standard & Poor’s Global (S & P Global), Beijing Retio Legal And Commercial Service Center, Zhongguancun Internet Finance Institute.