• Apr 12, 2018 CFA Institute Asia-Pacific Capital Markets Research
    Award Comes to SAIF Facu ...
    At 2017 Auckland Finance Meeting, the paper Smart Beta, Smart Money written by Prof. Yeguang Chi, Assistant Professor of Finance at Shanghai Jiao Tong University Shanghai Advanced Institute of Finance (SAIF), won the honor of 2017 CFA Institute Asia-Pacific Capital Markets Research Award. Carefully analyzing the results and position dynamics of 535 equity funds launched between early 1998 and end 2015 in China, Prof. Chi concludes that while compared to individual investors, Chinese institutional investors represented by mutual funds prefer large cap blue-chip stocks, they continuously beat individual investors and the market thanks to outstanding timing skill. In the article, he also compares the results to the data of US equity funds between 1980 and 2014. In 2016, the paper Private Information in the Chinese Stock Market: Evidence from Mutual Funds and Corporate Insiders, also presented by Prof. Chi, was granted with the 29th Australasian Finance and Banking Conference CFA Institute Research Award.
  • Apr 09, 2018 SAIF Team Won CFA Research Challenge 2017-2018 in Shanghai & Ready for Asia ...
    During the Shanghai Local Final of The CFA Institute Research Challenge 2017-2018 held on December 24th, 2017, the team from Shanghai Advanced Institute of Finance (SAIF) beat 12 other competitors in the Written Report session and entered the final as the
  • Apr 09, 2018 Sparks of Thought on FinTech - 2018 IYLFS Successfully Held
    2018 International Youth Leadership Finance Summit (2018 IYLFS) organized by Shanghai Advanced Institute of Finance (SAIF) Master of Finance (MF) Program rang down its curtain in Shanghai recently.
  • Jan 23, 2018 Prof. Hong Chen (SAIF) Once Again Topped the List of Most Cited Chinese Research ...
    Elsevier recently released the list of the Most Cited Chinese Researchers in 2018. Prof. Hong Chen from Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University (SJTU), once again topped the list in the category of “Decision-making Science". Prof. Chen currently serves as Professor of Management Science at SAIF; his research interests include production and supply chain management, financial services operations and risk management, queuing network theory and applications, and case studies of China's supply chain management best practices. At present, his research focuses on clean energy, in particular, the market and investment of hydrogen energy. Prof. Chen has published numerous research papers in world class operational management journals, including over 60 publications in Operations Research, Management Science, Annals of Probability Mathematics of Operations Research Manufacturing and Service Operations Management, and IEEE Transactions on Automatic Control. He has also written a wide range of teaching cases and articles about supply chain management in China. Prof. Chen served as Chairman of the INFORMS Society on Applied Probability and was selected for China’s Recruitment Program of Global Experts.
  • Dec 20, 2017 Ian Goldin on Risks and Opportunities in the Age of Neo-Renaissance at SAIF·CAF ...
    During SAIF·CAFR Lecture on August 30th, 2017 at Shanghai Jiao Tong University Shanghai Advanced Institute of Finance (SAIF), Prof. Ian Goldin, Professor at Oxford Martin School and former Vice President of World Bank, served as the keynote speaker on the topic of “Risks and Opportunities in the Age of Neo-Renaissance”. Based on his latest bestseller Age of Discovery:Navigating the Risks and Rewards of Our New Renaissance, Prof. Goldin worked with Dr. Chris Kutarna, PhD of Political Science, co-author and Research Fellow at Oxford Martin School, and reviewed the risks and opportunities in the context of globalization in terms of geopolitics, technology and information media. In his lecture, Prof. Goldin claimed that China was expected to retain a growth rate of 6% or above over the next decade and would soon become the largest economy in the world. In the future, 80% of economic growth will derive from developing economies and emerging markets will act as the driving force behind worldwide economic changes, as they play an increasingly important role in the world economy. Prof. Goldin also pointed out that economic changes would gradually eliminate trading and financial barriers. Internet facilitates the spread of thoughts across the world and triggers radical changes in the era. However, as the connections between people grow closer and more complicated, there also comes contagious crises, similar to the case in the age of Renaissance in the 14th to 17th centuries. He sharply noted that the global governance system today wasn’t tailored for the 21st century.
  • Dec 20, 2017 Prof. Tao Zha of SAIF Named as Fellow of Econometric Society
    The Econometric Society officially named Prof. Tao Zha, Distinguished Professor of Economics at Shanghai Jiao Tong University Shanghai Advanced Institute of Finance, as Fellow of Econometric Society on November 17th, 2017. Founded on December 20th, 1930, the Econometric Society is one of the largest and most respected economic societies, which gathers the best economists across the world. 20 new fellows were named in 2017, among which Prof. Zha is the sole Chinese economist. Prof. Zha’s research interest focuses on macroeconomics, financial economics, Chinese economy and econometrics. At present, he serves as Chair Professor of Economics at Emory University and Director of Center for Quantitative Economics Research at Federal Reserve Bank of Atlanta. Three of his articles have been quoted by the Committee of Nobel Prizes in Economic Sciences. He has also won the grants of National Science Foundation and ECB Wim Duisenberg Fund. Prof. Zha has acted as Distinguished Professor at Shanghai Jiao Tong University Shanghai Advanced Institute of Finance (SAIF) and Director of Center for Macro Financial Research at China Academy of Financial Research (CAFR) since 2013. Thanks to his sponsorship, SAIF Center for Macro Financial Research was officially launched in December 2013, which is committed to driving the construction of fundamental data on China’s macroeconomy, analysis on typical facts and modeling characterized by China’s regime.
  • Dec 20, 2017 Prof. Statty Stattev from UNWE Visited SAIF & Shared his Insights on B&R ...
    Prof. Statty Stattev, D.Sc.(Econ.), Professor of Economics, University of National and World Economy (UNWE), Sofia, Bulgaria, was present at SAIF-CAFR Lecture on November 18th, 2017 and provided an exciting keynote speech on the Belt and Road (B&R) Initiative and macroeconomy in EU, in the front of nearly 200 participants from Shanghai Jiao Tong University Shanghai Advanced Institute of Finance (SAIF) and Antai College of Economics & Management (ACEM). Prof. Stattev, one of the leading scientists, economists and mathematicians in Bulgaria, currently serves as Professor and Chancellor at UNWE, Chairman of Board of Supervisors at Bulgarian National Bank, Chairman of Bulgarian Association of Chancellors and banker. According to Prof. Stattev, as one of the entrances of China’s B&R into EU, Bulgaria is now extensively promoting the initiative and is eager to increase the depth and breadth of its involvement in the Silk Road. As to the economic development in EU, Prof. Stattev noted that so far, EU’s political integration exceeded its economic integration, which resulted in a number of setbacks and concerns to Europe. He hoped that centralized financial and treasury policies would be developed and implemented in the Eurozone. After the speech, Prof. Stattev also discussed the greatest challenges Bulgaria is now facing and the potential benefits and challenges in “16+1” with Prof. Chun Chang, Executive Dean at SAIF and responded the questions from participants.
  • Dec 20, 2017 SAIF Employment Report 2017 Released
    Recently, Shanghai Jiao Tong University Shanghai Advanced Institute of Finance (SAIF) officially released its Employment Report 2017. According to the report, SAIF saw off 56 SAIF MF graduates in 2017. Two of the graduates decided to continue their education, while the remaining 54 graduates received job offers, with the mean of starting salary at nearly RMB270,000 and the median at RMB200,000. Thanks to the specialized and world-oriented curriculum of SAIF MF Program, 15% of SAIF MF 2017 graduates have joined financial institutions in Hong Kong, US, Austria, France and other developed markets. SAIF MF Program moved up to 14th in the world and 1st in Asia in the Financial Times’ (FT) 2017 ranking of global business schools published in June 2017. It was also reported that 96% of SAIF MBA graduates in 2017 received job offers from employers and 4% started their own businesses. The percentage of finance-related offers doubled, from 41% before enrollment to 87%, and most of the employers were leading financial institutions in China. For years, SAIF FMBA graduates have been highly favored by financial institutions. By the date of report release, among 46 SAIF FMBA 2017 graduates, the mean of starting salary was RMB248,000, up to the peak of RMB500,000.
  • Aug 30, 2017 SAIF Financial Forum Held in Nanjing
    SAIF Financial Forum organized by Shanghai Advanced Institute of Finance (SAIF) was held in Nanjing on May 21, 2017. At the forum, different views about China’s economic restructuring and capital market development were expressed by renowned economists, financial scholars and executives of financial institutions, including Chun Chang, Executive Dean of SAIF; Min Zhu, Former Deputy Managing Director of the International Monetary Fund (IMF), Vice Governor of the People’s Bank of China and President of the National Institute of Financial Research; Jinlao Huang, Executive Vice President of Finance Suning and Director of Suning Financial Research Institute. Min Zhu shared his insights about changes in the world economic structure, the, Trump shock and policy shifts. . Chun Chang delivered a keynote speech on China’s economic restructuring and the financing of light-assets companies. Jinlao Huang offered his views on consumer upgrades and Internet financial service support”. During the round table discussion, Chun Chang and Jinlao Huang were joined by Chaojun Xu, Chairman of Nanjing Financial Assets Exchange; and Yidong Zhang, Chief Strategy Analyst of Industrial Securities and Deputy Director of Industrial Securities Research Institute. The group had an in-depth discussion on the development status and reform trends and on how the financial industry could ride the current international economic and financial waves. The forum attracted nearly 400 guests from the academic, industry and regulatory communities. Yanqing Yang, Deputy Editor-in-Chief of China Business News and President of CBN Research Institute, presided over the forum.
  • Aug 30, 2017 SAIF Financial Forum Held in Fuzhou
    SAIF Financial Forum organized by Shanghai Advanced Institute of Finance (SAIF) was held in Fuzhou on July 1, 2017 under the theme of “Trends and Innovation: Financial Reform and China’s Economy”. At the forum, open dialogues on the trends and opportunities for economic and financial development of China were staged among renowned economists, financial scholars and executives of financial institutions, including Dr. Shusong Ba, Chief Economist of China Banking Association and Chief Chinese Economist of Hong Kong Exchanges and Clearing Limited; Yan Hong, Deputy Dean and Professor of Finance at SAIF; Yidong Zhang, Chief Strategy Analyst of Industrial Securities and Deputy Director of Industrial Securities Research Institute. Prof. Chen Xinlei, Deputy Dean of SAIF, delivered an opening speech. Dr. Shusong Ba delivered a keynote speach entitled “China’s Economic and Financial Policy in 2017: Review and Prospect”. Yidong Zhang elaborated the “world of core assets” from three perspectives. Prof. Hong Yan made a keynote speech about “the development of private equity investment industry and the opportunities of asset allocation”. Xinlin Zheng, President of Fujian OneBank; Dachun Lin, founder of Sunnada Communication and Chairman of WinfundInvestment Management Company; Xiang Kong, head of the financial sector and Senior Analyst of CIB Research, joined the above speakers for the round table discussion, at which they shared latest research findings, practical experience and insights about the current development and reform trends of the financial industry and the overall economy. The forum attracted about 400 high-end audiences, including financial academics, practitioners and regulators.