The Inaugural International Workshop
on Electronic Payment Systems and
Electronic Commerce in China (EPECC 2007)
第一届中国电子支付与电子商务国际学术研讨会
Electronic
commerce is growing at a remarkable pace in China. With more than 110 million
Internet users, e-commerce transactions in China have reached a volume of $70
billion in 2005, an increase of 54% over 2004. In 2006, one third of the most
visited websites worldwide are in China. The e-commerce boom in China is largely due to the improvement
of the electronic payment services in China. The demand for efficient
electronic payment systems and the rapid growth of online financial services
are triggering major changes in China’s banking system. People’s Bank of
China, which is the central bank in China, has taken several initiatives in
establishing an efficient electronic payment and settlement system.. By November 2006, the amount of transactions using
electronic payment systems has exceeded $1 trillion per day, an increase of
more than 50% over 2005.
However, China’s current banking and financial
system is facing several critical challenges in order to meet the demands from
the fast economic growth and fast growth of the e-commerce sector. For example,
the QQ-coin issued by Tencent, China’s largest instant messaging provider
with more than 200 million users, has raised the question on the impacts of
virtual money on the overall monetary system. In addition, how the financial
services provided by trusted third parties will affect the monetary demand in China is not fully understood. With an
increasing reliance on electronic payments, the stability of the monetary
system in China could be affected, which presents
another major concern. There are many emerging issues that need answers in
order to better manage growth and development of the economy in China.
With the
sponsorship from People’s Bank of China and other government agencies,
researchers in China have been making great efforts
recently to explore this new research area. Chinese researchers are
investigating the electronic payment system and practices in Europe (led by European Central Bank) and
the U.S (led by the Federal Reserve Bank system). The goal is intended to
provide quality and insightful policy guidelines to help the People’s Bank of China set regulations and policies for
the monetary system in China. Studies and discussions in this
area will also offer guidelines to commercial banks and to financial services
firms that provide electronic payment services.
The
objective of this interdisciplinary workshop is to bring together international
scholars in economics, finance and banking, information systems, electronic
commerce, and other relevant areas to discuss the current status and future
development of China’s electronic payment systems and China’s digitization of its financial
service industry. The focus of this workshop will include but is not restricted
to the following areas:
- Electronic payment and
settlement in China
- The trend of electronic
payments and settlements in the world
- Decision analysis in financial
service industry
- The impacts of digitization of
the financial services industry on the evolution of China’s society and economy
- Public electronic payment
services, Internet banking, and online brokerage
- Risk, security, and trust in
electronic payment services
- Future e-payment systems
We have
obtained wide, strong support from various government agencies and private
firms in China, including People’s Bank and the
Southwest University of Finance and Economics. This workshop will serve as an
academic forum to bring together leading researchers, to explore collaborative
opportunities, and to strengthen the links between the various institutions in China and the international community. We
plan to hold this workshop annually in the future.
Sponsors:
Division of
Payment and Settlement of People’s Bank of China
General Center for Payment and Settlement of
People’s Bank of China,
Southwest University of Finance and Economics
Organizer:
Center for
Research on Payment and Settlement, Southwest University of Finance and Economics
Conference
date:
May 18-19, 2007
Location:
Chengdu, Sichuan, China
Theme
Electronic
payment and online financial services in China
Topics:
- Electronic payment and
settlement in China
- The trend of electronic payment
and settlement in the world
- Practices and innovations in
electronic payment and electronic commerce
- Risk surveillance, security
mechanism, and trust system in electronic payment services
Schedule:
Day 1:
Morning
Session 1: Opening ceremony, Keynote speech 1
Session 2: Keynote speech 2, discussion
Afternoon
Session 3: Electronic payment and
settlement in China
Session 4: The trend of electronic
payments and settlements in the world
Day 2
Morning
Session 5: Practices and innovations in electronic payment and
electronic commerce
Session 6: Risk surveillance, security mechanism, and trust
system in electronic payment services
Afternoon
Discussions and local activities
(Proposed academic topics: Virtual
properties in the cyber world; Virtual money on the Internet; more
to be added)
Workshop
co-chairs:
Kuanhai Zhang, Southwest University of
Finance and Economics (Phone: +86 13708172821, email: zhangkh_t@swufe.edu.cn)
Zhangxi Lin, Texas Tech University (Phone: +1 806
742-1926, Fax: +1 806 742-3193, email: zhangxi.lin@ttu.edu)
Organization
Committee:
Deren Chen, Zhejiang University
Ming Fan, University of Washington
Matti Hamalainen, Helsinki University of Technology
Karl Reiner Lang, Baruch College, City University of New York (CUNY)
Qi Li, Xi’an Jiaotong University
Zhangxi Lin, Texas Tech University
Haishan Tian, Southwest University of Finance and Economics
Han Zhang,
Georgia Institute of Technology
Kuanhai
Zhang, Southwest University of Finance and Economics