Fan Wenzhong, executive director of China Financial Society: We are at a time when bank accounts are transitioning to modern banks. The decentralized intelligent economy will reshape the future

ChainCatcher reported on the spot that Fan Wenzhong, executive director of China Financial Society and former chairman of Beijing Financial Holding Group, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He pointed out that we are currently at a historical turning point similar to the transition of bank accounts to modern banking. AI is an advanced productivity in the physical world, and Web3 is a new production relationship in the digital world. The integration of the two will give birth to a decentralized intelligent economy (DAE).<br /> He analyzed that AIAgent has execution capabilities but lacks independent identity, account and trust mechanism, and Web3 solves these pain points through smart contracts, on-chain identities and programmable currency; in turn, AIAgent has significantly reduced the use of Web3. threshold. He proposed that DAE has four major characteristics: agent sovereignty and 7×24 hours operation, high-frequency atomic exchange, a collaboration mechanism based on technical trust rather than ethical law, and organizational evolution from company to DAO to decentralized AI company (DAC).<br /> He warned that this change will impact the labor market, white-collar workers will be replaced before blue-collar workers, and AI quantitative funds have achieved benefits far exceeding that of individual investors, suggesting that the government advance social protection reform. Finally, he suggested that Hong Kong develop an independently controllable high-performance public chain, pilot limited digital personality registration, introduce Web3 +AI composite talents, establish a digital financial industry fund, and promote collaborative innovation between Hong Kong dollar stablecoins and digital RMB.