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Chain through Dual Circulation, Empowering New Economy | IBI Invited to Attend the 2023 China Langfang International Economic and Trade Fair
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June 19, 2023

During the 2023 China · Langfang International Economic and Trade Fair, the first Beijing-Tianjin-Hebei Modern Trade Logistics Finance Innovation Development Forum, themed "Linking Dual Circulation, Empowering the New Economy", was officially held on June 17 at the Langfang Silk Road International Art Exchange Center. IBI Senior Vice President Wang Ting was invited to attend this conference.


The forum was hosted by the China Federation of Logistics and Purchasing and the Langfang City Government, and co-organized by the Supply Chain Finance Branch of CFLP, the Investment and Financing Branch of CFLP, and Langfang Bank. The forum invited renowned experts from the Development Research Center of the State Council, representatives from leading enterprises in the national trade logistics industry, leaders from state-owned financial institutions, and heads of top city commercial banks. They provided in-depth insights into development and upgrade paths of the trade logistics industry, offering advice and suggestions for the development of Hebei's modern trade logistics industry, and promoting the high-quality development of the Beijing-Tianjin-Hebei modern trade logistics industry.

At the meeting, Wang Ting, as a guest representative, delivered a keynote speech on "The Digital Layout of the Industrial Internet". He pointed out that IBI's industrial Internet development strategy, centered on "platform, technology, and data", focuses on the digital transformation and connection of industry chains, supply chains, and value chains in industries it engages with through digital technology. Taking big data elements as the core driving force, it creates cloud-based services and collaborative services covering the entire life cycle. By leveraging the data value network, it promotes the extension of the industry chain and the upgrade of the value chain, aiding the collaborative development of the Beijing-Tianjin-Hebei regional trade industry, and sharing and promoting new achievements in industrial Internet development.

During the forum, Langfang Bank, in collaboration with leading institutions in the trade logistics and financial sectors, launched the "Beijing-Tianjin-Hebei Modern Trade Logistics Industry Fund", established the "Beijing-Tianjin-Hebei Modern Trade Logistics Financial Cooperation Development Alliance", and set up the first innovation practice base in North China—the "Beijing-Tianjin-Hebei Modern Trade Logistics Financial Innovation Practice Base". They released the "Survey Report on Hebei's Trade Logistics and Financial Services under Beijing-Tianjin-Hebei Coordinated Development", held the "Beijing-Tianjin-Hebei Financial Services Trade Logistics Development Achievements Exhibition", and signed a "Strategic Agreement on Major Projects in the Beijing-Tianjin-Hebei Modern Trade Logistics" with industry-leading enterprises, gathering financial strength to promote the development of Langfang's modern trade logistics industry and making continuous new contributions to Hebei's establishment as a significant base for modern trade logistics in China.



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