July 9, 2017, at
the Shanghai Jiaotong University Shanghai High School of Finance (Gao Jin /
SAIF) 2017 graduation ceremony and degree award ceremony, China - Central and
Eastern Europe Fund Chairman, former chairman of the Industrial and Commercial
Bank of China Jiang Jianqing, around the "financial And life ","
finance and change "," finance and risk "three aspects,
delivered a keynote speech.
Jianqing pointed out that the current world financial industry is facing the
economic cycle, industry cycle and the impact of the superposition of the
cycle. China's financial industry in the reform and opening up decades, the
progress made for all to see, but also suffered more from the larger financial
risks. Today, the new starting point, in the new economic under the normal
situation of China's financial industry, the difficulties faced by the number
of challenges, the risk of many, no less than a period of time.
emphasizes that a new generation of information technology, represented by
mobile interconnection, large data, cloud computing and artificial
intelligence, is essentially a revolution in the transmission, reception, analysis
and processing of financial information, and its evolution has changed
Financial model, business and product. Future financiers, or financial experts
who understand science or technology, or financial technology experts.
excerpts are as follows:
current world financial industry is facing the economic cycle, industry cycle
and the impact of the superposition of the technology cycle. The development of
the global financial industry is in a strategy of "confused".
China's financial industry is larger, wider, more complex, more opportunities
and challenges. But the choice of financial professional uncertainty is greater
than in the past, not only refers to China's financial practitioners have
nearly 5.7 million people, university financial professional "excess
capacity" signs. I am referring to the fact that China's financial
industry, which has experienced prosperity in the past few decades, has entered
a stage of deepening the adjustment, facing the challenge of inter-industry and
cross-border institutions, "to intervene" the functional challenges.
Although the financial industry intermediary function is still needed, it will
not disappear, but assume the payment, financing, wind control and data
processing functions of the intermediary, the post is likely to be replaced.
The future of finance may not be a place, but it is still an indispensable
new generation of information technology, represented by mobile
interconnection, large data, cloud computing and artificial intelligence, is essentially
a revolution about the transmission, reception, analysis and processing of
financial information. Its evolution and innovation has changed the financial
model, Business and product. It will further break the restrictions on
financial transactions and services in time and space; bring changes in
customer demand preferences, service convenience and coverage changes, service
levels and customer experience dramatically increased; bring business model,
philosophy and financial culture On a series of changes.
changes in the financial sector may be faster than we thought. In the field of
financing, large data technology and artificial intelligence will enhance the
risk of asset transformation process control ability, credit decision is also
the game process, will rely on practice and mistakes to accumulate the
experience of traditional practices. Through the accumulation of experience of
winning or losing, the use of deep neural network, the human brain to determine
the mechanism to determine the decision-making credit. The accuracy and
refinement of risk management will be improved in quality; block chain
technology will play a role in the payment and other areas to enhance security;
VR technology in the field of credit scene investigation and other aspects of
emerging, unstructured image data Remote decision makers will be able to
improve the management of assets and private banking services; remote mobile
Internet technology will lead to subversion of traditional banking business
future of the most competitive financial institutions, must be time to change,
in addition to the old cloth, innovation Ding. Continuous change is the key to
staying alive. Future financiers, or financial experts who understand science
or technology, or financial technology experts.
In the financial
industry, the only constant is risk control. The modern economy is the credit
economy, the credit relationship is everywhere, the credit scale is expanding
day by day, the credit structure is becoming more and more complicated. With
the financial market breadth, the depth of the increasing, more and more
complex product system, the financial opening degree of the increasingly
widening, increasing financial risk. Risk management is the core of the financial
essence, the financial industry through risk identification, monitoring,
disposal and management to create benefits, to achieve their own sound
development, and promote social progress.
is the driving force of prosperity, but the crisis is also related to finance.
China's financial industry in the reform and opening up decades, the progress
made for all to see. But also encountered more from the larger financial risks.
The financial industry is the institution of risk management, which is
inherently fragile. Although the financial risk is related to the drastic
changes in the market environment, it is unique and contingent, but its own
excessive expansion, blind innovation, neglect of the basic laws of economic
operation, ignoring the basic risk Prevention is the culprit leading to risk.
The financial industry is a balanced industry, the financial balance sheet is
the T-type table. Requires the financial industry managers must balance the
relationship between good earnings and risk, long-term and short-term
relationship, size, speed and quality of the relationship, should not be too
much to pursue short-term utilitarian. The financier has an irresponsible trust
in the depositor, especially with prudence.
people engaged in financial career, can be called financiers or bankers. But
the particularity of the financial industry, the complexity of the internal
structure, the risk of lag, the financiers need to go through the risk of
inspection and historical review. Financial industry "left" who is
king, financier steady or even conservative is the industry's fine cultural
traditions. I have repeatedly said that the financier club does not appreciate
the 100 meters sprinter, respect is the marathon champion.