The high-level Financial Forum—Financial Innovation Changes the World was held in Zhong Guancun Campus on Jul.14th. More than 300 audiences from different Universities and the financial industry attended in the forum. Vice Dean of the School, Prof. ZHAO Hong hosted the forum.
Many scholars from the financial industry were invited to share the innovation development ideas in the forum. The Dean of the School, Prof. CHENG Siwei, the President of China Investment Corp. Mr. XIE Ping, Vice President of the China Construction Bank, Mr. ZHU Hongbo, and the chief Economist of Guotai Junan Securities, Ms. LIN Caiyi made keynote speeches in the forum.
The topic of Prof. CHENG’s speech is "The Direction of the Financial Innovation". He began with the definition of "financial innovation", which included product innovation and technology innovation. He pointed that information technology would sooner or later enter the financial services industry and people's daily life, therefore, it should be encouraged. Besides, he also talked about the relationship between the regulation and innovation. He proposed four points: the transaction should be more important than the system; supervision and innovation should restrict and promote each other; supervision should be efficient; improving the supervision itself is to strengthen supervision.
The topic of Mr. XIE Ping’s speech is "Basic Theoretical Points of Internet Finance”. He explained the traditional finance and Internet finance comparatively. Then Mr. ZHU Hongbo, made a speech on "The Background and the Trend of the Financial Innovation in China", he reviewed the basic characteristics of the financial innovation process in western commercial banks, and analysed the problems and characteristics of Chinese commercial banks. Ms. LIN Caiyi gave the speech on the status quo of the Chinese Financial Market.
This forum is the first financial forum organized by the School of Management. The School has trained a series of talents in mathematical finance, financial engineering and financial management. We believe that the platform for a better development of financial innovation in China can be set through this kind of forums.
