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Construction of urban credit system faces new opportunities, JD Finance CEO

June 10, 2018


Abstract : Cities and small- and medium- sized enterprises will see bright future as more and more intelligent cities and credit platforms have been landed, Chen Shengqiang, CEO with JD Finance.

京东金融CEO陈生强 作为“信易+”联盟成员代表发言。王吉如摄。

Photo: Chen Shengqiang, CEO with JD Finance, addresses the Forum for Credit System Construction of Chinese Cities in Fuzhou on Sunday. 

FUZHOU, June 10 (Xinhua) -- Cities and small- and medium- sized enterprises will see bright future as more and more intelligent cities and credit platforms have been landed, Chen Shengqiang, CEO with JD Finance, the financial subsidiary of China's leading e-commerce giant JD.com Inc, said at the opening ceremony of 2018 Forum for Credit System Construction of Chinese Cities.

The forum was held from June 10 to June 11 in Fuzhou, capital city of southeast China’s Fujian province.

Chen said that China’s economy is staying in a crucial period of transforming from high-speed to high-quality development, which requires innovations and industrial upgrading. Small- and medium-sized enterprises, though always being the main force of technological innovation and job creation, yet are confronting difficulties in the path of innovation, such as the financing difficulties. This was mainly caused by the lack of knowledge in credibility and operating status of these enterprises. Under such circumstance, an integrated social credit system would help to reduce cost in financial examination and approval, and make creditworthy innovative enterprises quickly become the main force for high-quality economic development.

Nowadays, China is taking the lead in digitization. In the digital era, the synergetic development of informatization, Software-as-a-Service(SaaS), mobilization, and Artificial Intelligence (AI) will bring new opportunities to the construction of a social credit system, said Chen.

Chen added that JD Finance is a financial company with deeply-rooted digital services. In the past few years, it has established strong core capabilities such as risk assessment, anti-fraud and data as well as artificial computing by providing inclusive financial services for small- and micro-sized enterprises and individual customers. Meanwhile, it has absorbed many talents experienced in urban computing and big data computing, which has prepared JD Finance to contribute to the construction of urban credit system. (Edited by Ma Xin, maxin11@xinhua.org)

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