Economist Wu Xiaoqiu: There is no underlying technology of financial technology such as cloud computing and blockchain in the traditional financial field.

According to the Economic Information Daily, Wu Xiaoqiu, an economist and vice president of Renmin University of China, said in an interview that high-tech or financial penetration of technology is presented as financial technology. For example, the Internet, big data, cloud computing, and blockchain all belong to the underlying technology of financial technology. Because there is no traditional financial field, we must embed these elements into the traditional financial system, so that the entire operating platform and runway occur. Change, so the core of financial technology is application. Why inject financial technology? It is mainly to solve a problem that cannot be solved in financial activities for a long time, that is, the symmetry of information. Information transparency and symmetry must be addressed before effective pricing can be made. As a result, the effectiveness and risk of finance will be reduced and the efficiency will increase. This is the foundation of the integration of inclusive finance and financial technology.