As Vice Premier Liu He said earlier, we must focus on increasing the proportion of SME loans, to promote economic transformation and upgrading. Two, we could work together to apply innovative FinTech solutions to promote green finance. The Sustainable Digital Finance Alliance (SDFA) founded by China’s Alibaba Ant Financial and UNEP is a good example. The SDFA has engaged the FinTech community on applying digital technology to promote green finance – such as the digitisation of green bonds. MAS’ annual Global FinTech Hackcelerator is another platform through which financial institutions and FinTech firms in Shanghai and Singapore can collaborate on innovative green finance solutions. The Hackcelerator is a global competition that invites market-ready solutions for real problems faced by the financial industry. This year, green finance is a key theme for the programme, and because of the Covid19 situation, we are conducting the entire Hackcelerator – from sourcing proposed solutions to curating prototypes – on a cloud-based platform called the API Exchange (APIX). Through APIX, financial institutions and FinTech firms in Shanghai can engage other players across Asia in collaborative experiments to create digital solutions to support green finance. I would also like to take this opportunity to invite Shanghai FinTech firms and financial institutions to participate in the Singapore FinTech Festival this November. Conclusion There is much that our two financial centres can do together.
I once again congratulate you and your parents, for it is only through their guidance and care that you shall continue to succeed. I wish you well in your studies and hope to see the day when all of you will graduate with flying colors. Lastly, let me commend the President of this Foundation, for the noble work that you undertaking. I hope others will emulate your commitment towards developing the youths so that they can contribute to the welfare of our country. Mr. President, I salute and urge you to keep up with the good work that you are doing. To the sponsors and the Board of Directors,  2  BIS Review 160/2008  may the good Lord continue blessing your deeds and may he give more to those who had a hand in helping the cause. Let me finish by saying that I can not wait to see these beaming young faces to lead our future generations into a better Zambia and a better life for all. I thank you. BIS Review 160/2008  3