FINTECH MANPOWER DEVELOPMENT IN ASIA-PACIFIC FINANCIAL CENTERS WITH A FOCUS ON ARTIFICIAL INTELLIGENCE AND BIG DATA PROFESSIONALS

23 22 Artificial Intelligence and Big Data Talent Development in Asia Pacific 2.3.2 Initiatives/Government, Industry and Education sector policies that address the demands of AI, big data, and data analytics talent Under the "Several Policies for the Agglomeration and Development of Artificial Intelligence Industry in the Lingang New Area of China (Shanghai) Pilot Free Trade Zone", 58 ten major support measures were proposed to further accelerate the agglomeration and development of the AI industry in Shanghai. The ten supported items are: innovation at the source of key technologies, the construction of an open-source deep learning platform, the construction of public data sets for AI, the optimization and improvement of infrastructure, the application of technology, the construction of the industrial ecology, the large-scale development of enterprises, the settlements of enterprises in new areas, the deep integration of industry, university and research, and the protection of intellectual property. Regarding the "Action Plan for Building Artificial Intelligence Shanghai Highland and Building a First- class Innovation Ecosystem (2019-2021)", the plan outlines Shanghai's AI vision to build a "first-class innovation ecology" by 2021. The vision includes Shanghai’s determination to create an innovation ecosystem to layout the construction of 4+X integrated innovation carriers, and the deployment of ten world-leading innovative application scenarios; strengthening the original innovation power, promoting the opening of the five hub innovation platforms, and cultivating a group of top international innovation teams; improving the ability to support innovation, building ten leading innovative enterprises, one hundred innovative benchmarking enterprises, and creating 100 billion yuan worth of output value for key industries. Shanghai’s big data industry base and the Shibei High-tech Park released its “Three-year Action Plan for Building China’s Big Data Industry Capital and Promoting High-quality Development” at a forum focusing on the implementation of eight major innovation actions and 19 specific action plans. The action plan strives to position Shanghai as a big data industry cluster with regional (Yangtze River Delta) influence by 2020 and to become the "data core" of the Shanghai Global Science and Technology Innovation Center. It also aims to make the city a "data port" as part of a world-class urban agglomeration in the Yangtze River Delta. 59 In order to accelerate the formation of financial technology enterprise clusters, Shanghai has been aggressively attracting financial institutions and large technology companies to set up financial technology subsidiaries, financial technology R&D centers, and to open innovation platforms in the city. For financial technology enterprises registered in the Lin Gang Special Area in the Free Trade Zone, talent can be employed under the key talent introduction institutions and they can enjoy certain subsidies. 60 58. 政策 : 关于印发修订后的《中国（上海）自由贸易试验区临港新片区集聚发展人工智能产业若干政策》的通知 (2020). | http:// www.thepaper.cn/newsDetail_forward_9638311 59. 数据观 . (2018). 上海市北高新园区发布三年行动计划全力打造大数据产业之都 : 上海 : 数据观 : 中国大数据产业观察 _ 大数据 门户 . | http://cbdio.com/BigData/2018-09/24/content_5888027.htm 60. People.cn. 25 条创新举措！上海加快推进金融科技中心建设 . | http://money.people.com.cn/n1/2020/0115/c42877- 31550359.html 51. 上海市第四次经济普查主要数据公报（第三号） (2020). | https://www.thepaper.cn/newsDetail_forward_6659666 52. 2020 年上海市国民经济和社会发展统计公报 (2021). | http://www.thepaper.cn/newsDetail_forward_11765409 53. https://multimedia.scmp.com/news/china/article/2166148/china-2025-artificial-intelligence/index.html 54. http://www.sppm.tsinghua.edu.cn/eWebEditor/UploadFile/China_AI_development_report_2018.pdf 55. https://www.shine.cn/biz/tech/1908311228/ 56. http://www.sppm.tsinghua.edu.cn/eWebEditor/UploadFile/China_AI_development_report_2018.pdf (p.42) 57. 猎聘发布《2019 年中国 AI& 大数据人才就业趋势报告》. | http://www.chinanews.com/business/2019/08-30/8942645.shtml 2.3 SHANGHAI At the end of 2018, there were 10,054 financial enterprise legal entities in Shanghai with 47 million employees. 51 In 2020, Shanghai's financial industry contributed 716.6 billion yuan to the city, accounting for 18.52% of its GDP. 52 2.3.1 Supply and demand of AI, big data, and data analytics talent in the city Shanghai is the second most popular location for AI companies in China 53 and Shanghai Jiao Tong University is ranked the 10 th in AI research output among institutions in the world. 54 As both are a major industry and financial center, Shanghai has been building up its manpower capacity in AI development. It was estimated that Shanghai will have 200,000 AI talent by 2021, 55 a dramatic increase from 10,592 AI talent in 2017. 56 According to the 2019 China AI & Big Data Talent Employment Trend Report, 57 Beijing, Shanghai, and Shenzhen are ranked top three among the top 20 cities in China in terms of AI talent demand, accounting for 29.11%, 21.53%, and 12.36%, respectively. The same three cities are also ranked the top in terms of AI talent supply with a distribution of 26.61%, 20.40%, and 10.57%, respectively.