Retail Asia 2018 RA September.October 2018 (Online) | Page 60

PREVIEW
14-16 November
Hangzhou International Expo Center.
Hangzhou, China
www.money2020-china.com
Duncan Painter, CEO of Ascential Group:
“China is now a leader in the global
financial technology industry.”
Earlier this year, more than 300 senior
executives from China and international
financial technology industry attended the
kick-off meeting.
Hangzhou to host
the first China edition
of Money20/20
GLOBAL business-to-business
information company Ascential
announced last year that its chief
executive, Duncan Painter, has
personally signed a long-term
partnership agreement with the city of
Hangzhou and the district of Xiaoshan
in China to run a new edition of its
“highly successful” Money20/20 event
series.
The agreement was signed with
Xie Shuang Cheng, Vice-Mayor of
Hangzhou and Gu Chun Xiao, Deputy
Warden of Xiaoshan. The new event
called Money20/20 China will be held
in November this year at the Hangzhou
International Expo Center, the same
venue where the 2016 G20 Summit was
hosted.
Money20/20 will bring together
visionaries and innovators from across
the entire spectrum of payments, fintech
and financial services to connect and
create the future of money. Already
operating the US, European and pan-
Asian editions, Money20/20 offers
participants networking opportunities
and a “high-profile” agenda, all of which
underpins Money20/20’s mission to
create a simpler, fairer, faster financial
world for business and society.
Tracey Davies, president,
Money20/20, cited “China’s unique
market and domestic appetite to
both invent and embrace new fintech
Duncan Painter, chief executive, Ascential, and Xie Shuang Cheng, Vice-Mayor of Hangzhou,
shaking hands after the signing of the agreement, calling the new event Money20/20 China.
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Retail Asia September/October 2018
products” as the reason to launch this
new edition of the leading payments and
fintech event, adding that “the rise of
fintech in China is something that no one
in this industry can ignore”.
The host city of Hangzhou, in China’s
Zhejiang province, has been chosen
based on its long-term commitment to
the future of finance. It is also home
to such financial innovators as Alibaba
and LianLian Group, to name a few.
Cashless, environmentally-designed and
home to a new wave of China’s Internet
entrepreneurs, Hangzhou will provide the
perfect, long-term home for Money20/20
China, the organiser says.
Xie comments: “Our partnership with
Ascential and Money20/20 will enable
better information and resource sharing.
The platform of Money20/20 China will
support us with our strategic vision for
Hangzhou’s financial development as
we further facilitate cooperation across
industries, integrate our resources, expand
our international network and accelerate
innovation in the region.”
Commenting on the launch in
China, Davies said: “Thanks to the
formidable speed, skill and scale of
China’s inventiveness in fintech, China
is often the country innovators look to
for inspiration. It represents the largest
fintech investment market in the world
and at Money20/20 China, companies
from China and international markets
will have an unprecedented opportunity
to learn about what makes China’s
fintech industry so forward-looking and
progressive.”
The launch of Money20/20 in China
will be supported by partners such as ACI
Worldwide, Ant Financial, Baidu Finance,
China Everbright Bank, DHGate.com,
IDG Capital Partners, LianLian Pay,
Phoenix Finance, Tencent WeChat Pay
and Union Mobile Financial. Support also
comes from trade associations that include
the Payments and Clearing Association of
China, Zhejiang Association of Internet
Finance and the Zhejiang Association of
Banks. ra