Viewpoints

Catherine MCGUINNESS: The global financial system must work together to ensure efficient and sustainable digitalization
June 15,2021

  On June 11, the sessionon “Digital Transformation of theEconomy and the Financial Sector” of the 13th Lujiazui Forum (2021) was held in Shanghai. Catherine MCGUINNESS, Chair of the Policy and Resources Committee of the City of London Corporation, attended andaddressedthe session.

  MCGUINNESS noted that international cooperation is essential to further digital transformation. The global financial system must work together to enable efficient and sustainable digitalization and to jointly explore the opportunities of digital transformation. The series of relevant think tanks created in Hong KongofChina, Singapore and Korea and the attempts related to digital transformation are very important. We are very pleased to see similar events being held byShanghai, which allowsus to share and exchange experiences and better understand the technologies of digital transformation. In this critical period, digital technologies should be used to further drive economic recovery and development.