Tencent's Han Kaichuang: Large Models Emerge as Core Productivity Engine in Finance, Driving Service Evolution Toward "Services That Understand People"

At the recently held China Wealth Management 50 Forum (CWM50) 2025 Annual Meeting in Beijing, which carried the theme "Stepping into the '16th Five-Year Plan' Period to Build a Financial Power," Tencent Group Vice President Han Kaichuang stated during a frontier dialogue session that large models are evolving from mere technical tools into the "core productivity engine" of finance. This transformation is driving financial services away from the traditional model of "people seeking services" toward a new paradigm of "services that understand people," while profoundly reshaping investment research, risk control, and product forms. The key for financial institutions to achieve this transformation lies in constructing a deep synergy between "general" and "vertical" capabilities: utilizing general models as "generalists" to handle intent and planning, while infusing institution-specific business logic and data into vertical "experts," thereby avoiding a "one-size-fits-all" model approach and building a differentiated advantage that is difficult to replicate. Institutions that skillfully leverage AI will define the future of finance.