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

25 24 Artificial Intelligence and Big Data Talent Development in Asia Pacific Shenzhen ranked 3 rd accounting for 8.83% of the total overseas talent, while Shanghai attracted most of the overseas AI & big data talent accounting for 26.02%. Beijing ranked 2 nd accounting for 21.60%. These three cities are the first ladder cities for overseas AI and big data talent to settle in China. 2.4.2 Initiatives/Government, Industry and Education sector policies that address the demands of AI, big data, and data analytics talent The Central Government grants autonomy to Shenzhen to develop policy on developing big data and AI to strengthen itself as a tech hub in China. 65 This includes streamlining visa applications to attract more overseas AI talent to work and live in Shenzhen. In 2021, Shenzhen released the "Shenzhen Digital Economy Industry Innovation Development Implementation Plan (2021-2023)", which outlined Shenzhen’s direction for the development of its digital economy in the next three years. In the field of AI, Shenzhen will formulate policy measures and provide support for developing industrial intelligence algorithms, AI chips, and AI products including unmanned driving, smart homes, and image recognition. At the same time, the Government will utilize various AI industrial bases in Shenzhen such as the Nanshan Park, High-tech Zone, and other areas to establish an ecosystem linking corporate headquarters with R&D incubation and high-end manufacturing. 66 In the next three years, Shenzhen will implement the "1" + "4" + "2" AI strategy: to build "1" AI industry information system platform; to establish "4" benchmarks: People's Fair, AI Standards, AI industrial park, the establishment of AI industry fund; to establish "2" AI talent systems: a certification training system and the construction of an AI testing and a certification center. The "Shenzhen New Generation Artificial Intelligence Development Action Plan (2019-2023)" intends to build more than ten innovative carriers by 2020, organizing and implementing more than 20 major technological industry development projects, and introducing and cultivating 3 - 5 international top- level labor intelligent teams. They would also build 5 - 10 technology-leading research institutions, and cultivate ten leading technology companies. The scale of the core AI industry will exceed 10 billion yuan and the scale of related industries will reach 300 billion yuan. 67 Furthermore, the Ministry of Industry and Information Technology has published a notice on “Organizing and Carrying out the Application for the Big Data Industry Development Pilot Demonstration Project in 2020”, focusing on four categories and seven subdivisions. These include the industrial big data integration application, people's livelihood big data innovation application, big data key technology pilot application, and big data management capability improvement. A number of big data industry development pilot demonstration projects will also be selected. 68 65. https://www.scmp.com/news/china/politics/article/3106023/shenzhen-given-new-powers-attract-key-foreign-workers-and 66. 深圳市数字经济产业创新发展实施方案 (2021-2023 年 ) (2021). | http://www.sz.gov.cn/szzt2010/zdlyzl/jjshzc/content/ post_8391314.html 67. 深圳市人民政府关于印发新一代人工智能发展行动计划 (2019 － 2023 年 ) 的通知 (2019). | http://www.sz.gov.cn/zwgk/ zfxxgk/zfwj/szfwj/content/post_6576972.html 68. 深圳市工业和信息化局关于组织开展 2020 年大数据产业发展试点示范项目申报工作的通知 (2019). | http://gxj.sz.gov.cn/ xxgk/xxgkml/qt/tzgg/content/post_2023594.html 2.4 SHENZHEN Shenzhen’s financial industry contributed 418.96 billion yuan of economic value to the city in 2020, a year-on-year increase of 9.1%, accounting for 15.1% of the city’s GDP. 61 The number of employees in the financial industry in Shenzhen is 1.22 million. 62 2.4.1 Supply and demand of AI, big data, and data analytics talent Similar to other major cities in China, Shenzhen has been experiencing a talent gap in AI and big data. 63 Currently, there is pressing demand for talent specializing in AI algorithm research and application development. The Beijing-Tianjin-Hebei region, the Yangtze River Delta region, the Guangdong-Hong Kong-Macao Greater Bay Area, and the Sichuan-Chongqing region are the main regions for developing the AI industry in China. They are also the regions attracting the most AI talent to work and live in. The scale of demand in those regions account for 90.9% of the total national demand, and the scale of talent supply accounts for 82.9% of the total national supply, which translates to a talent gap in all AI areas. In 2019, Shenzhen ranked 3 rd in terms of demand and supply of AI and big data talent in China. The city contributed 10.57% to the overall AI and big data talent supply in China and attracted 12.36% of AI and big data talent to work in Shenzhen. 64 The financial industry ranked 4 th after internet, electronics and communications, and mechanical and manufacturing in terms of supply and demand of AI talent in Shenzhen. By analyzing the distribution of overseas AI & big data talent across cities in China, 61. 深圳金融业 2020 年运行数据 (2021). | http://jr.sz.gov.cn/sjrb/xxgk/sjtj/sjsd/content/post_8588527.html 62. 深圳市第四次全国经济普查主要数据公报 1-7 号 (2020). | http://www.sz.gov.cn/cn/xxgk/zfxxgj/tjsj/tjgb/content/ post_7801448.html 63. 数据观 (2020). 工业和信息化部人才交流中心发布《人工智能产业人才发展报告（2019-2020 年版）》. | http://www.cbdio.com/BigData/2020-07/06/content_6157950.htm 64. 猎聘 2019 年中国 AI& 大数据人才就业趋势报告 (2019). | http://www.cbdio.com/image/site2/20190902/ f42853157e261ed6c9e638.pdf