October 31^st, 2019, Beijing, the 2019 (2^nd) China Fintech Industry Summit was held in Beijing International Convention Center. Experts representing different sections of the financial technology industry gathered together to discuss the latest state fin-tech policies and the new developments in the industry and share with each other new financial technologies, business modes and applications. On invitation, Mr. Bao Kai, the Vice Manager of Market & Sales of the SDS, delivered a key-note speech on the 99.995% Reliable Security Protection of Financial Data, bringing to the Summit the cutting-edge technologies and service innovations that SDS believe would give a strong pull to the development of world financial industry.

Members of futures exchanges have high expectation on ‘low time delay and great connection with all markets available’. The high-quality services of SDS’s high-level IDX data centers could meet the strictest requirements that the financial industry holds for data services. Since 2013 when we entered into the futures industry, the SDS has invested a great deal in developing greater data paths for users in the industry and eventually created the only all-market-covered fast trading platform available in China. Currently, China Financial Futures Exchange (CFFEX), Shanghai Futures Exchange (SHFE), Zhengzhou Commodity Exchange (CZCE) and Dalian Commodity Exchange (DCE) have trusted SDS to host their core trading systems and main data lines. In addition, China Foreign Exchange Center (CFETC) has also chose SDS data centers to host its testing system and quantified business platform. What the SDS Express brought to the trading markets is a brand new, high-quality ‘low time delay and one-time deployment to connect all-markets’ service that is designed to help exchange members to reduce operating costs and O&M pressure.

As Chinese futures industry paced up its inter-connection with global markets, the players in the domestic market have began paying closer attention to the data links and channels connecting with the foreign financial markets. In response to such needs, SDS invited BSO, an overseas low-time-delay network provider, to join hands with SDS data center to offer financial customers with better services. This is a great move that not only expanded SDS’s coverage to more exchanges, banks, stocks, futures and insurance underwriters in the world, but also effectively improved the service capacity of the SDS Express financial service platform.

Many enterprise-oriented Cloud solutions have to deal with either a multi-Cloud environment or a mixed Cloud environment. In that case, a flexible and easy inter-Cloud connection starts playing a more important role as the key element linking different Clouds. In SDS IDX data centers, it is very easy for users to achieve the inter-connection between AWS, Ali Cloud, Tencent Cloud and other Cloud brands while having great customer experiences coming from SDS services ranging from quick connection, to any-time broadband adjustment, and to flexible billing modes. For example, the network topology can be automatically identified and generated for users to have a direct view of his network architecture. And, there is a stateful patent path algorithm available for user to achieve smart traffic scheduling. In addition, all users’ networks are completely isolated from each other to ensure the security of private data. Underlying all these, there is a high quality data transmission network that SDS painstakingly developed and maintained with a 24/7 professional O&M team.

In January 2019, the People’s Bank of China, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission issued the Implementation Opinion on Promoting IPV6, the first state policy calling Chinese financial industry to develop and implement IPV6 internet protocol deployment action plans. It’s required in the Opinion that by the end of 2019, all Chinese financial service institutions should have their official websites support IPV6-driven connection and visit. In response to such calling, SDS developed and launched a series of IPV6 solutions for different application situations to help futures firms have their official websites to shift from old network protocols to the IPV6 protocol, go through state’s test process, and cooperate clients with audit requirements.

We understand that the network security and business continuity are the most important two service aspects to financial customers. So, SDS passed through the China National Information Security Authentication review process and received the Level 3 China National Information Security Certificates for its data centers and Clouds, to proof its capacity of providing professional, over-all and systematic support from three perspectives, i.e. security, quality system and business continuity.

Attracted to the SDS technologies, some famous experts and customers came to the SDS’s stand for more information in the exhibition section.

Sponsored by China Academy of Information and Communications Technology (CAICT), the two-day Summit was rolled out by the Financial Technology Research Center of the CAICT Cloud Computing & Big Data Research Institute, with the kind support from Payment & Clearing Association of China, the Fin-Tech Laboratory of Institute of Advanced Study and Training for Senor Executive of China Banking Association, Institute for Interdisciplinary Information Core Technology, China Insurance Innovation Institute of University of International Business & Economies, Internet Finance Association of Small and Medium-sized Banks (IFAB), IDCQUAN.COM and other organizations.

The 2019 Summit chose to focus on some topics in the spotlight in the industry, including Fin-tech Security and Regulation, Financial Data Governance and Application, Investment and Technology, Digitalized Inclusive Finance, Fin-tech Human Resource and Talents Development. It’s expected that, together with a themed exhibition, the Summit would give a full presentation of excellent fin-tech solutions, offer a good opportunity of communication, and provide a forum for people to share innovation practices and typical cases.

Mr. Shi Huikang, the Section Chief of the Department of Information Technology and Software Service of China Ministry of Industry and Information Technology, gave a speech in the opening ceremony. He stressed that it requires the collaboration of service suppliers and service users, and, the cooperation of technology developers and financial institutes, to achieve and promote the innovation and application of the financial information technology.

The 2019 Summit attracted over 3,000 visitors from state regulatory authorities, industrial associations, financial institutes, high-tech enterprises, research institutes, public media and other related parties. Over 100 experts, scholars and entrepreneurs in the fin-tech industry came to share their insights, practices and explorations about the latest development in the industry. It is a Fiesta of Thoughts of the fin-tech industry for all visitors.