On June 7, Huawei held the Global Smart Finance Summit 2023, and Meng Wanzhou, Vice chairman, rotating chairman and CFO of Huawei, delivered a keynote speech with the title of "Long Wind, Long Li Peng, courage and wisdom first".

In her speech, Meng Wanzhou proposed that digital and intelligent transformation is the new driving force for economic development, and everything is moving toward perception, interconnection and intelligence, which is the digital world we are in.

Ms. Meng said,Huawei is also along the road of digital transformation, and constantly improve productivity, "digitization of work, digital platform, platform intelligence, and intelligent combat" is Huawei's "four directions" in the digital transformation, and under the guidance of this four directions, constantly try new technologies and try new applications.

She emphasized that trees are tall and leafy because they are rooted in deep roots. What we usually see and experience are products and applications, but the research on the basic technology and root technology behind these products and applications is a core competitiveness of the enterprise, a cornerstone for Huawei to continue to compete, and the basis for customer experience to be guaranteed.

Over the past few decades,Huawei goes deep into the essential research of communication and computing theory, and continuously invests in and explores the fields of mathematics and algorithms, chemistry and materials science, physics and engineering technology, standards and patents, etc., on this basis, it builds the root technological advantages in the two major industries of computing and connectivity.

The following is the full text of Meng Wanzhou's keynote speech

Hello, ladies and gentlemen!

Lotus incense with a good wind. Welcome to Shanghai, old and new friends, and gather together at the 2023 Digital Finance Summit.

There is no doubt that digital and intelligent transformation is a new driving force for economic development. Only by building consensus can we lift the clouds and see the sun. Only with insight into the future can we win the opportunity.

In this wave of digital economy, all walks of life will anchor a new course and run out of our acceleration.

In the course of history, we see human beings constantly understanding and transforming the world. From the agricultural economy to the industrial economy, and then to the current stage of the digital economy and smart economy, the development speed of science and technology is far beyond our imagination. In particular, in the past 200 years, human beings have "opened" in the field of science and technology, even surpassing the achievements and accumulation of thousands of years. An endless stream of new technologies and new applications are shining in the sky of history.

? First of all, we see everything moving towards perception, especially our daily contact with production operations, from symbols, analog signals, to the digitization of the whole process, a more comprehensive and more detailed digital twin world is being built.

? Secondly, everything is interconnected. Through the scientific management of data, data flows like water in the enterprise, and data of different dimensions are converging and creating new value through sharing.

? At the same time, we can see that everything is also moving towards intelligence. Combining industry data and experience with our advanced experience, relying on intelligent technology, human productivity and creativity, it is achieving leapfrog development.

This is the digital world we live in. Everything senses, everything is connected, and everything is intelligent.

When the time is not right, do not Johnson; The time has come to gain power. Today, the singularity of technology is approaching, and technologies such as generative AI, cloud, and the Internet of Things are rapidly integrating into the business of finance.

In this digital transformation, more and more managers begin to develop a blueprint for digital transformation, and build organizations around this blueprint, matching the appropriate talent and shaping the internal culture of the enterprise.

At the same time, data analytics, AI models, cloud services, multidimensional data and other technologies are constantly moving forward. For Huawei, we ourselves are also following the path of digital transformation and constantly improving our productivity. "Operation digitalization, digital platform, platform intelligence, and intelligent combat" are the "four directions" we have set in Huawei's digital transformation. Under the guidance of the four modernizations, we are constantly trying new technologies and trying new applications.

In the digital application of the financial industry, we have seen some typical business scenarios: for example, relying on digital technology to identify customer needs, form matching digital assets and products, and create digital applications; Or it is supplemented by digital technology to improve the efficiency and quality of financial enterprises in internal operations, risk control, and compliance management.

Trees are tall and leafy because they are rooted deep. What we usually see and experience are products and applications, but the basic technology and root technology research behind these products and applications is a core competitiveness of the enterprise, and it is also a cornerstone for us to continue to compete, and of course, it is the basis for customer experience to be guaranteed. In the past few decades, Huawei has gone deep into the essential research of communication and computing theory, and continuously invested in and explored the fields of mathematics and algorithms, chemistry and materials science, physics and engineering technology, standards and patents. On this basis, we can build the root technical advantages in the two major industries of computing and connectivity.

"The root of the mau is actually fulfilled, and the ointment of the wager is its light." We believe that only the continuous investment and pressure investment around the root technology can make our solutions continue to create immeasurable value for customers.

With the deepening of digitalization in the whole industry and the whole society, we see that application systems are gradually opening up, and through various application interfaces and development interfaces, they are becoming an integral part of enterprises and individuals as well as the digital society. Well, to deal with massive amounts of information, we have to be always online.

For the financial industry, we often hear the phrase "no security, no finance". In the context of the application I just talked about, we have to improve the resilience of digital infrastructure from a panoramic perspective along the main context of data production, flow, and processing.

For Huawei, on the basis of root technology research, we use these technologies and applications such as multi-cloud consistent experience, cloud network connection upgrade, data center extreme interconnection, light perception and storage collaboration to work together along the cloud, network, edge and end to build high-performance, highly reliable and highly secure digital infrastructure.

Set up this side can be born, good practice can be far. The vast future of digitalization requires every step we take with love, and every step we diligently seek.

Each time the technology changes, the horizontal expansion, the vertical extension, to build a solid digital infrastructure; Every exploration of innovation, crossing boundaries and breaking the shackles, can draw a vivid digital blueprint.

"The trees grow close to each other, and the stars shine with their reflections." It is better to walk together and gather wisdom and strength than to walk alone.

On this road of digital transformation, Huawei will continue to deepen cooperation with partners, so that more partners and developers can participate in the innovation of digital products and solutions, and continue to provide our customers with services worth looking forward to.

Thank you all!