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Amid the global surge of AI wave, large models and intelligent agents are becoming pivotal technologies reshaping industrial landscapes.
Recently, HKUST Institute for Financial Research officially signed a strategic cooperation agreement with Baiwang, a leading enterprise in data intelligence. Leveraging the Hong Kong Generative AI Research and Development Center (HKGAI)—established with Hong Kong government support and led by HKUST—along with its HKGAI V1 achievements, the collaboration will focus on the globalization of data intelligence. The two parties will engage in deep cooperation across financial intelligent agents, macroeconomic research, and physical asset securitization, aiming to integrate cutting-edge technologies with practical scenarios. Together, they will build a comprehensive industry-academia-research ecosystem, striving to create a "Data Brain for the AI Era."
Attended by Dong Lou, Director of HKUST Institute for Financial Research; Bo Tang, Assistant Director of HKUST Institute for Financial Research; Jie Chen, Founder and Chairman of Baiwang; Guoping Li, Head of Baiwang’s Digital Economy and Fintech Research Institute; along with experts and key team members from both organizations, the signing ceremony marked a historic moment. This collaboration signifies the accelerated transition of data intelligence technologies from the "laboratory" to the "production line," promising to inject unprecedented innovation into industry development and macroeconomic research.
Data Giant Joins Forces with Academic Beacon to Accelerate Industrialization of Research
As a top-ranked research university in Asia, HKUST boasts world-class research teams, interdisciplinary strengths, and deep expertise in artificial intelligence. The university has achieved groundbreaking research in fintech, data science, and economic modeling.
Baiwang, a leading data intelligence company in China, has long focused on critical domains such as invoices, taxation, and supply chains, accumulating vast volumes of real, structured, and high-value data assets. The company pioneered the strategy of "intelligent agent-driven enterprise large model implementation," developing innovative products like "Transaction Intelligent Agents," "Operational Decision-Making Agents," and "Financial Business Agents," which have been deployed across numerous industrial clients. To better serve global markets, Baiwang established Hong Kong Baiwang Digital Intelligence Technology Limited, using Hong Kong as a bridgehead and its Data Intelligence (DI) strategy as an engine to bring China’s digital governance expertise to the world while integrating global best practices into China, facilitating two-way flow of technology and experience.
Against this backdrop, the powerful partnership between Baiwang and HKUST aims to break down barriers between research and industry, developing financial intelligent agent solutions that combine theoretical depth with practical value. This collaboration represents not only a technological breakthrough but also an exploration of intelligent evolution paths for future economic systems.
HKUST Institute for Financial Research highly values this cooperation. Moving forward, both parties will deepen collaboration through research projects, joint laboratories, and industry-academia-research integration, truly realizing "empowering through intelligence and promoting production through research" to drive sustainable AI innovation in finance and economics.
Chen Jie stated, "HKUST’s strengths in academic research and AI development, along with Director Dong Lou’s scholarly achievements in economic policy research, provide critical capabilities needed for our data intelligent agent research. Director Lou’s prior roles as a senior researcher at institutions like the Centre for Economic Policy Research and the Asian Bureau of Finance and Economics offer fresh perspectives for our global expansion and top-level design. We look forward to breakthroughs in financial intelligent agents and macroeconomic modeling, establishing new paradigms for fintech development in China and beyond."
Redefining Financial Decision-Making Logic and Driving Intelligent Economic Governance
The collaboration between Baiwang and HKUST signals that intelligent agent technology is moving from exploration to practical deployment and scenario expansion. Leveraging their respective strengths and resources, the partnership is expected to achieve breakthroughs in the following areas:
Developing TaxLLM, a Global Tax Compliance Large Model: Combining HKUST’s expertise in international tax law, the partnership will tackle challenges in legal frameworks and cross-border data exchange rules to launch a "Global Virtual Tax Service." This will provide automated invoice rule recognition and tax declaration services for Chinese enterprises expanding overseas, cross-border e-commerce, and multinational corporations, meeting compliance requirements of HKEX and global tax authorities.
Training a Global Financial Risk Management Large Model: Adapting China’s mature risk management practices to global contexts, covering core business scenarios such as supply chain finance and ESG ratings.
Co-building an Enterprise Health Diagnostic Platform: Integrating HKUST’s econometric models with Baiwang’s invoice and banking data to develop a "Corporate Cash Flow Prediction Model" for early warning of operational risks and validation through real-world data.
In this era where data and algorithms redefine value, intelligent agents are no longer mere "tools" but are becoming "new actors" in the future economic system. With increased synergy between research and industry, financial intelligent agents will evolve from laboratory models into practical "intelligent engines" driving high-quality economic performance. We have every reason to believe that a smarter, more efficient, and equitable financial world is rapidly taking shape.
