According to the report, listed banks have paid increasing attention to the application of FinTech: of the 37 listed banks, 30 mentioned FinTech in their 2016 annual reports. Kelvin Leung says: “FinTech such as big data, artificial intelligence, blockchain, cloud computing, mobile payment and biological identification have changed and will continue to bring profound changes to the products and service offerings, business models and operating concepts of the banking industry, and will drive the transformation and upgrade of traditional financial services industry and help financial institutions to achieve innovation in products and service offerings, and business models.”