Recently, the People's Bank of China announced the winners of the 2023 Financial Technology Development Award. China's Industrial Bank (CIB) achieved multiple accolades for its innovations in financial technology. Among them, the Enterprise-level Data Standard System Construction project and the Xing Xiao Er AI Bond Trading Robot project won second prizes. The Digital Construction of the Interbank Financial Ecosystem project and the Construction and Practice of the Green Finance 1+N System Based on the Dual Carbon Platform project won third prizes.
Adhering to the "Technology-Driven Bank" strategy, CIB has followed the methodology of "enterprise level and standardization" in recent years, continuously strengthening digital construction, solidifying the foundation for digital transformation, enabling multi-scenario data applications and multi-business empowerment, deepening the integration of digital industrial development with the real economy to excel in the great project of digital finance. An increasing number of innovative projects in the field of financial technology are emerging, driving CIB's digital transformation efforts from the planning and construction phase to the construction and harvest phase.
The award-winning Enterprise-Level Data Standard System Construction Project is a pioneering initiative in CIB's digital transformation. CIB has compiled and published its first enterprise-level data dictionary, systematically advancing standardized integration for all information systems. By unifying data language, it promotes full standardization across requirements, development, modeling, and operations, unleashing the potential of data elements. The practical implementation of the project has established a systematic methodology that explores a viable path toward addressing data standardization challenges in the financial industry.
The Xing Xiao Er AI Bond Trading Robot project, independently developed by CIB Fund, is the first AI bond trading robot in the public fund industry to be launched on China Foreign Exchange Trade System's iDeal platform. It effectively improves inquiry efficiency for traders, reduces compliance risks in trading, and encourages fund peers to increase investment in building AI traders.
The Digital Construction of the Interbank Financial Ecosystem project has implemented the construction of a system cluster focused on upgrading application platforms and establishing new research and investment data platforms, providing digital and intelligent support for the renewal and upgrade of CIB's Bank-to-Bank Platform. While enabling fully online processing, the project innovatively achieved diversified business interactions and ecosystem expansion. It facilitates complementary advantages among partner institutions, aiding in the creation of a 'Interbank+' ecosystem that is more connected, provides better services, and empowers at deeper levels.
The Construction and Practice of the Green Finance 1+N System Based on the Dual Carbon Platform project relies on an independently innovated dual-carbon management platform to establish a dual-carbon-based green finance digital system. By independently building a carbon factor library and carbon evaluation model, it enables multi-scenario green finance applications such as corporate carbon accounts, personal carbon accounts, and bank carbon management, effectively promoting low-carbon environmental practices among retail customers and supporting corporate clients in innovating carbon finance products like carbon reduction-linked loans and carbon emission rights pledge loans.
The Financial Technology Development Award, established in 1992, is jointly organized by the People's Bank of China and the China Securities Regulatory Commission. As the only ministerial-level technology award in China's financial industry, the awards recognize outstanding technological innovations in areas such as information technology innovation and applications, data governance and applications, and financial information infrastructure security protection, holding high authority and influence within the financial sector.