Zhang Qingsong

Chairman and Chief Executive Officer, China Investment Cic

Search every verified Zhang Qingsong interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. At the Sibos 2021 conference, Zhang Qingsong, then President of the Agricultural Bank of China, discussed the role of digital technologies in rural finance. He stated that "rural finance and financial inclusion has long been global concerns" and argued that ensuring financial inclusion for rural communities could enable sustainable economic growth. Zhang noted that "informational asymmetry and collateral shortage are obstacles for financing rural regions" and described how the Chinese banking industry has employed technologies such as big data and the internet of things to create data-driven business models. Zhang outlined specific initiatives by his bank, including launching online credit products for farmers and building credit evaluation models by connecting industrial databases and gathering farm information. He said these products have benefited over 3.45 million clients in the countryside. Zhang also mentioned plans to fully digitize microcredit products for farmers and to embed new technologies into agricultural production, trading, and logistics processes. He emphasized the importance of collaboration on data standards and cybersecurity, and stated that financial activities should be "proportional to risk control capabilities."