Xinyuan Group releases real estate blockchain application product "Fang Yi Xin"

On July 10, the first China Financial Technology Conference hosted by Tsinghua University PBC School of Finance was held in Beijing. At this conference, Xinyuan released the world's first real estate blockchain application product. Zhang Yong, Chairman of Xinyuan Group, Wu Xiaoling, Chairman and Dean of Tsinghua University PBC School of Finance and Co-Dean of Tsinghua University National Institute of Finance, Liao Li, Executive Vice Dean of Tsinghua University PBC School of Finance and Vice Dean of Tsinghua University National Institute of Finance, Li Dongrong, Chairman of China Internet Finance Association, and more than 300 industry leaders from the Internet, banking, and insurance fields such as Ant Financial, Tencent, Baidu, JD Finance, Goldman Sachs, PICC Property and Casualty Insurance, and Ping An of China gathered together to discuss the model, trend, and prospects of the development of financial technology and Internet finance.

As an important result of the strategic cooperation between Xinyuan and Tsinghua University PBC School of Finance, Tsinghua PBC School of Finance Xinyuan Real Estate Financial Technology Research Center was officially established. Subsequently, Fangyixin, the world's first real estate blockchain application result launched by Xinyuan, was also officially released at the event.

At the conference, Zhang Yong, Chairman of Xinyuan, delivered a keynote speech on Xinyuan's blockchain application strategy. Since 2015, Xinyuan has taken the lead in introducing blockchain technology in the domestic real estate industry, and has joined hands with Tsinghua University PBC School of Finance, IBM and other top scientific research institutions and technology companies to jointly establish a joint laboratory. The Fangyixin platform launched by Xinyuan this time will help Xinyuan's scientific research innovation and business exploration in the field of blockchain, seize the commanding heights of global financial technology, and accelerate the strategic transformation of Xinyuan's technology. Mr. Li Tao, Dean of IBM China Innovation Institute and Chief Advisor of IBM Xinyuan Joint Laboratory, introduced the Fangyixin platform jointly developed with Xinyuan. The platform is based on blockchain technology and uses the core features of blockchain technology such as security, transparency, and non-tamperability to achieve "visible trust" and create a win-win cooperation and future-oriented Fangyixin platform ecosystem.

As the world's most cutting-edge technology, blockchain is praised by The Economist as "a machine for building trust" and has become the core direction of current financial technology innovation. According to a research report on blockchain released by McKinsey, blockchain technology will "greatly reshape the capital market, affect business models, and save costs." At present, top international financial institutions including Nasdaq, NYSE, Citibank, Goldman Sachs, etc. are all carrying out financial innovation with blockchain as the core. Masters, the former head of commodities at JPMorgan Chase and the mother of CDS, said in a recent speech that the scale of the blockchain application market will eventually be trillions of dollars. After three or four years of "barbaric growth", China's Internet financial industry has gradually returned to rational development and entered a critical stage of innovation and transformation. Standing at the forefront of the "Internet +" trend, financial technology has become a new layout point in the field of Internet finance. It is in this context that the Xinyuanfang Yixin platform came into being. It provides more reliable and transparent information services through innovative financial models and builds a blockchain ecosystem. In the long run, Xinyuanfang Yixin will help release real estate liquidity, stimulate consumption and investment and financing, promote the development of China's social economy, and promote the continuous improvement of social credibility. Xinyuan Group was founded by Mr. Zhang Yong in 1997 and listed in the United States in 2007, becoming the first Chinese real estate development company to be listed on the New York Stock Exchange. It has successively developed projects including Manhattan's Tenth Avenue, New York's East River Bay, and Irvine One, creating a precedent for Chinese real estate companies to independently develop in the United States. Over the past 19 years, Xinyuan's industries have covered residential real estate, commercial real estate, property management, cinema chains, technology culture, community O2O, financial technology and many other fields, successfully achieving diversified and steady development. Among them, Xinyuan's real estate business radiates 15 cities in China, including Beijing, Shanghai, Tianjin, Zhengzhou, Jinan, and Xi'an, and has expanded overseas to New York, California and Nevada in the United States. Today, Xinyuan is actively implementing business transformation. With its excellent reputation and strict governance, it has gradually become an international enterprise group widely respected by investors and customers.