Ye Wei, CEO of 58 Digital Tech

Fintech enterprises need to be very clear about where they fit into the economy. It would be wrong if Fintech companies viewing themselves as competitors with traditional financial companies.

"Digitally-driven economy generates a broad range of rosy opportunities; however, massive wealth has been concentrated in a handful of countries, companies, or a small number of people, bringing in huge challenges for policymakers to set up proper supervision mechanism to reduce wealth gap which undermines the development of digital economy,” Ye said.