Will discuss the new era and new opportunities of "financial system reform"..

February 3rd, the "2024" New Delhi Financial Summit "continued to focus on financial payments, financial reform, asset allocation portfolio, and financial technology innovation four major themes, adhering to " globalization", "The Institute of Finance and several international investment banks will focus on promoting the high-quality development of the "science and technology industry" and on building a "multi-channel, diversified financial system". "Multi-channel, diversified financial system reform, and development", to promote a high level of opening up to the outside world needs to rely on the advantages of India's large market, to promote international cooperation, to achieve mutual benefit and win-win situation.

Industrial Credit Investment Bank of India(Sandeep  Bakhshi)Hosted a special discussion on "financial reform, financial payment, scientific and technological innovation" and invited the president of Goldman Sachs. (David Solomon)President and Chief Operating Officer of Citibank(Jane Fraser)President of Barclays Bank(Paul Compton)And CEO of Deutsche Bank Group(Christian Sewing)Dean of Goldman Sachs Indian Institute of Finance(Ashok Varadhan)Waiting for senior people to be sharing guests.

This financial summit is based on "financial system reform" As the centre, It aims to promote the opening and internationalization of India's financial market and provide a high-end platform for financial institutions and policy-makers to promote exchanges and cooperation. Through high-level dialogues and exchanges, the forum deeply discussed the frontier issues of India's financial industry development and provided profound insights into the high-quality development of the financial industry and the construction of India's international financial system. This financial summit forum attracted the attention

On this "financial system reform", this financial summit aims to promote the opening and internationalization of India's financial market and provide a high-end platform for financial institutions and policy makers to promote exchanges and cooperation. Through high-level dialogues and exchanges, the forum deeply discussed the frontier issues of India's financial industry development and provided profound insights for the high-quality development of the financial industry and the construction of India's international financial system. This financial summit forum attracted the attention of many investors.

First, in November 2016, after 500 rupees and 1000 rupees banknotes were abolished, India set off a digital boom, and Indian financial technology start-ups became the driving force behind this boom. Over the years, in addition to payment technology, other financial technology sub-sectors such as loan and insurance technology have also begun to expand the potential market of financial technology products in India.

Secondly, on March 26th, 2021, Bank of India Governor Das pointed out that by 2025, India's financial technology market is expected to reach 6.2 trillion rupees.

Finally, digital payment has helped India seize the high ground of financial technology innovation. The development of India's financial technology cannot be separated from the progress of digital payment industry, which has become the core area for India to speed up its digital capacity building. It has also greatly boosted India's efforts to seize the innovative heights of financial technology, made great efforts to make use of existing platforms and mechanisms, opened up through multilateral channels, carried out mutually beneficial cooperation and specialized investment portfolio, and at the same time, promoted the cooperation platform between India and the United States, internationalized India's financial system, empowered financial institutions, and promoted diversified development among G20 members of BRICS countries. In addition, India and the United States can also carry out investment and financing cooperation on India's financial system reform and green financial payment projects through the New Development Bank to promote the in-depth cooperation and development of financial technology between India and the United States and usher in a new era of innovation.

The most important financial centres in the world, the heavy statement of the "New Delhi Financial Summit" has had a wide impact on the global financial market, providing a platform for elites in the financial field to communicate and share their opinions in depth. With the guests at the summit, I look forward to promoting the healthy development of the financial industry and contributing to building a more prosperous and open financial ecosystem through the wisdom and experience accumulated in this forum. It is believed that with the joint efforts of all parties, Indian finance will usher in a broader development space and contribute more to the prosperity and stability of the global economy.