2021 International FinTech Competition for College Students is an international competition jointly initiated by Shenzhen Finance Institute, CUHK-Shenzhen and Shenzhen Institute of Data Economy for undergraduates, postgraduates and PHD candidates from home and abroad. The boom of digital economy of China and continuous breakthroughs of new-generation information technology such as big data have provided strong momentum for China’s high-quality development. According to the 14th Five-Year Plan for National Economic and Social Development of the CPC Central Committee, China will accelerate digital development, promote the utilization of data resources, release of data dividends, and foster new drivers of economic growth. President Xi Jinping also stressed that “Whoever masters the data will be in control of the initiative. We should promote deeper integration of the Internet, big data and artificial intelligence with real economy”. As an important basis for the development of digital economy, data has become an important force to improve financial efficiency, promote industrial upgrading and improve the quality of enterprise operation. At the same time, big data also provides key support for preventing and controlling financial risks, improving business credit, and safeguarding people's real interests.
The Competition aims to train university students on the popularization of big data, increase their attention to financial technology, find talents of financial technology, promote in-depth integration of industries, universities and research institutes, incubate excellent projects and promote innovation and development of financial technology industry.
Sign-up: Participants should fill in the information of individuals or team members on the official website and upload materials of all team members as required. After successful sign-up, participants may select one from the six sections on the competition website and then submit their project including project introduction, project plans or program proposal. For example, data organization (if any) and operable program (if any), etc. within a specified period. For the requirement on submission materials, please refer to "Competition Topics and Data-Submission Requirements" in our website. The project is allowed to be submitted repeatedly within the specified time, and the final version submitted within the designated period shall be reviewed.
2021.07.05 - 07.31
Preliminary Competition: After the deadline for sign-up, the organizing committee will conduct qualification verification and preliminary project evaluation. Qualified participants shall receive the authorized account on July 5th to access reference materials and move to the preliminary round. Then, industry mentors will score the submitted project plans online against the judging criteria set by the competition. The top 30 projects will enter the semi-final. The results of the preliminary round will be released on our official WeChat public account and the website in early August.
2021.08.05 - 08.31
Semi-final: All projects that have entered the semi-final shall be offered professional guidance from industry mentors in a one-to-one fashion. Participants may modify or refine their project plan on their own according to the regulation of the final and guidance of mentors during this round. They should submit their final project before the deadline of the semi-final. The top 12 project plans will make it to the final. All members who qualify to the final must complete their identity verification by ID card. The results of the semi-final will be released on our WeChat public account and the website in early September.
Final & Award Ceremony: The final shall take the form of on-site review and defense （due to the epidemic prevention situation，online defense may be adopted in the final round）. Each participant or team that reaches the final totally has 15 minutes, including an 8-minute presentation and a 7-minute defense. Judges will give their scores against the competition judging criteria, and evaluate the total scores as well as the final ranking based on quality and commercial value of project and participants' on-site performance.
Domestic participating teams or individuals will receive certificate of participation and keepsake. （For overseas participants, once you have completed the registration you will be eligible when committee choose 5 projects at random to receive $50 Amazon gift cards.）
During the competition, participating teams or individuals can view training videos of the related experts.
All participating teams or individuals will access free professional tutoring from industry mentors. During the Semi-final period, all teams or individuals will get one-to-one tutoring at least once a week.
Excellent participants may have the opportunity to join the research projects in Shenzhen Finance Institute, CUHK-Shenzhen or Shenzhen Institute of Data Economy.
Excellent participants may have the opportunity to get the offer from sponsors, co-organizers and participating organizations of the competition.
The top 3 participants will have the priority to visit prominent universities and enterprises in Guangdong-Hong Kong-Macao Greater Bay Area. (The specific arrangement will be subjected to the competition committee.)
The Competition Committee will provide each team 2 free tours to Finals in Shenzhen. （Reimbursement upon receipts. The specific arrangement will be subjected to epidemic situation.）
The top three groups will have the priority to be recommended to the 2022 Summer Camp of SFI, if participants meet the application requirements.
The top three groups will be awarded RMB 10000，6000，4000 respectively.
The Shenzhen government entrusted the Chinese University of Hong Kong, Shenzhen to establish Shenzhen Finance Institute (SFI). SFI is committed to nurturing high-end talents in the field of finance and economics, conducting high-level research, establishing a global exchange platform, and functioning as a state-of-the-art think-tank.
Shenzhen Institute of Data Economy is committed to the cultivation of the data element market, focusing on the high-level research including protection of data privacy, boundaries of data commercialization, ownership of data property rights, capitalization of data as well as data transaction mechanisms. It carries out practical exploration in the field of data economy in combination with theoretical research, and strives to build a world-class data economy research platform.