Sep 22 , 2020
On September 7th, 83 new students from the Master of Finance (MF) Program in 2020 at Shanghai Advanced Institute of Finance (SAIF) ushered in a new starting point of importance. The one-week opening ceremony combined offline events with online live broadcasts, during which a variety of exciting and meaningful activities led the students from all over the world to SAIF Campus and 8 international students who participated in the whole process online to reveal the first chapter of campus life at SAIF. We sincerely wish all new students of SAIF MF2020 will enjoy a passionate and fantastic journey of study at SAIF. May everyone run with their dreams and live up to their youth. A wonderful and rewarding gathering of freshmen SAIF MF2020 is composed of 73 domestic students from top universities in China and 10 outstanding international students. Eight of the new international students are currently in the United States, Australia, France and other countries. Due to the COVID-19 outbreak, it was a pity that they cannot come to SAIF to attend this year's opening ceremony. However, overcoming the time difference, they followed the whole process, connected to and interacted with the present participants, and experienced this wonderful opening ceremony online along with their SAIF MF2020 peers. A new journey unveiled by world-class guests At the opening ceremony, Prof. Chun Chang, Executive Dean, Professor of Finance and Huifu Chair Professor at SAIF, sincerely welcomed all new SAIF MF students on behalf of SAIF and conveyed a profound speech. Prof. Chang proposed three "balances" that the students need to grasp in their study and life at SAIF over the next two years: The first is the balance between tradition and innovation. He hoped that the students will be fully prepared for the technological innovations of the traditional financial sector. The second is the balance between practice and theory. He encouraged everyone to strive for real-world practical opportunities in the industry, while ensuring the two years at SAIF would lay a solid theoretical foundation for long-term career development in the next decades. And the third is to the balance between study, work and life. It is important to hit the balance between work and life at your own pace and maintain curiosity and exploration of the world while pursuing career success. It will be a challenge throughout our lives. subject of everyone's life. Mr. Ming Lei, Secretary of CPC Committee, President and Executive Director of CCB FinaTech Co., Ltd., gave the students a special keynote speech titled "The South Face – Exploring the future of Fintech". Starting from the origin of FinTech, Mr. Lei explained that FinTech is the reconstruction of the financial system from the top-level design through technologies. He also introduced a number of key technologies with great application prospects, including blockchain, quantum computing, edge computing and cloud infrastructure. Next, based on his own experience, Mr. Lei illustrated how technology has changed the financial sector with real-world cases. From how AI disrupted the traditional check verification of banks, to how FinTech platforms facilitated the financial supports to SMEs during the epidemic, he vividly revealed the fact that FinTech is extremely promising. But meanwhile, Mr. Lei also reminded every participant that finance and technology accelerate each other, and it is critical to be alert to the risks and potential social concerns they may bring. Although offshore, Prof. Tan Wang, Professor of Finance and MF Program Academic Director at SAIF, warmly welcomed the freshmen of SAIF MF2020 through real-time video conferencing and shared his insights. Prof. Wang looked back at his own feelings of enrollment and wished SAIF MF freshmen would stay enthusiasm and success in the new journey of study. He hoped that they could set up ambitious academic and career goals and learn from their role models to become future leaders of the financial world. Furthermore, he also advised the students to use solid knowledge and critical thinking to solve real-life problems. Next, Prof. Wang led the students to review the two-year study plan at SAIF MF and briefed the core courses, modules, activities and thesis requirements. In the end, he sent a message to the students to "stay hungry and stay foolish", hoping that everyone would remain active and open-minded in the future study and career life. Ms. Lin Yang, Head of SAIF MF Program, presided over the opening ceremony and gave a speech to welcome the new SAIF MF students. Ms. Yang led the students to perceive how full and meaningful a typical day at SAIF MF is. She hoped that the students would prevent themselves from drifting along and actively and fully prepare for this challenging postgraduate program. Ms. Yang encouraged these young students to cherish their precious youth and campus years, constantly experiment various interesting things and explore unlimited possibilities. The spark is passed down: New and existing MF students and alumni shared and exchanged their ideas Shenghui Yu from SAIF MF-General 2020, who graduated from Fudan University with a bachelor's degree in Finance, and Ruihan Qiu, SAIF MF-FinTech 2020, who graduated from the Department of Mathematics of Tsinghua University, spoke on behalf of all the freshmen. Shenghui shared his sense of mission as a finance student in the new era and expressed his vision for the next two years at SAIF. On contrary, Ruihan talked about his mental shift from mathematics to finance. The sharing session was hosted by Ms. Yang Lin, who asked questions and invited four outstanding seniors, namely Zhihan Xia and Yingke Jiang from SAIF MF-General 2019, as well as Chirui Zhang and Jian Wu from SAIF MF-FinTech 2019, to share their experience and communicate with the freshmen. Zhihan Xia, who just finished his internship at the Investment Banking Division of Bank of America Merrill Lynch this summer, exchanged ideas and experience in preparing and applying for international banks. Yingke Jiang, who is now an intern at Bain, elaborated how she set world-class consulting firms as her career development direction with the help of SAIF faculty and staff. Chirui Zhang recently completed his internship at Morgan Stanley in the summer. With an undergraduate degree in science and engineering, he shared with us how he broke through with the training at SAIF MF and strengthened his soft skills, including presentation and networking, while also studying hard skills. Soft power. Having engaged in an internship in a quantitative position at the Dynamic Technology Lab, a hedge fund in Singapore, Jian Wu shared his experience in how to successfully transform into a cross-disciplinary FinTech talent in one strike. An all-round overview of curriculum, career development and campus services In order to help students better adapt to the upcoming new life at SAIF, the staff from various departments gave an in-depth overview to SAIF MF's curriculum design and comprehensive services. Lei Li, Coordinator of SAIF MF2020, first introduced the curriculum and academic requirements. The educational administration team reviewed the educational administration system and the requirements of course selection. Ms. Kathleen Zhang, Head of SAIF Career Development Center (CDC), explained the supports and services that CDC will provide to students in their future job search. In order to ensure that each student's individual concerns would be responded, a Networking Booth was specially designed to provide ample opportunities for the new students to communicate with the staff from various teams and outstanding seniors. First experience of a wonderful course and mental collision at SAIF Prof. Jie Hu, Professor of Practice at SAIF and former CEO of Financial Division at Xunlei Group, brought an impressive first class to the students, titled “A New Face of the Old Financial Kingdom”. Prof. Hu guided the students to review the past, present and future of the financial world, inspiring their industry-oriented macro perspective and deepening their understanding of the industry. Mr. Zhang, who had worked at JP Morgan in London for years and has extensive professional experience, brought a wonderful practical courses to the students, giving them a glance at the financial workplace and training their networking skills. Passionate team building activities The joyful activities of quality development and talent show further narrowed the distance between the students. Under the guidance of the coach, the students competed fitness balls in groups, which tested their physical strength, intelligence and teamwork. In addition, they also showed their talents on the stage. The newly formed teams presented fantastic ideas with brainstorming and tacit cooperation, showing the versatile, cheerful and lively style of SAIF students. Standing at the starting point of a meaningful new journey, the students wrote down the small objectives for the next two years and their wishes for the future. The program team sealed these "time capsules" one by one, so that the students would open them in person when they graduate two years later.
Jun 15 , 2020
In the 2020 Master in Finance ranking announced by Financial Times (FT) on June 15th, 2020, the Master of Finance (MF) Program at Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University (SJTU) achieved another success by staying on the top spot in Asia for the third time. Since its inaugural publication in 2011, the FT ranking has been considered one of the most hailed benchmarks in the world. It rates business schools and their MF programs on 17 criteria in two key domains. The career progression domain, involving 7 metrics and weighing 58% in total, is derived from a survey among alumni after three years of graduation. The other domain focuses on the diversity of business schools and their MF programs, which covers 10 metrics collected from survey questionnaires, weighting 42%. SAIF distinguishes itself in the following rankings this year: "Faculty with Doctorates" (No.1 in the world), “Salary Today” (No.4 in the world), "Salary Percentage Increase" (No.5 in the world and No.1 in Asia) and "International course experience” (No.25 in the world and No.1 in Asia). Overall, SAIF MF is ranked No. 13 among all 55 listed business schools and stays on the top spot in Asia for the third time. Among 5 Asian schools in the ranking, SAIF is followed by Tsinghua University School of Economics and Management (No.15) and Guanghua School of Management of Peking University (No.17).
Feb 25 , 2020
On January 14th, 2020 International Youth Leadership Finance Summit (IYLFS), hosted by the SAIF MF Program, was successfully concluded in Shanghai. This year, the International Youth Leadership Finance Summit (IYLFS) was centered at the current theme of "Innovation and Finance in the Sci-Tech Era", which attracted more than 2,000 registrations from students from all over the world. Eventually, the Organizing Committee invited nearly 120 participants from 27 top-notch institutions, including Stanford University, Columbia University, Cambridge University, London School of Economics, Tsinghua University, Peking University, Shanghai Jiao Tong University and Fudan University, to formed 22 teams for intense competition. During the four-day event from January 11th to January 14th, leaders from academia and industry alike gathered with distinguished international youths and conducted in-depth discussions on how enterprises can be empowered by innovation and finance in the era of science and technology innovations. The Summit kept up with the market trends and after plenty of discussions with top-class experts in both academia and industry, “Innovation and Finance in the Sci-Tech Era" was decided as this year’s theme, which covers six research domains, namely Artificial Intelligence, Biomedicine, High-end Manufacturing, Internet, New Energy and Consumption/Logistics. IYLFS is also committed to continuous refinement and innovation regarding the competition system year over year. 2020 IYLFS added the exciting session of two-to-two debates. With the tension of random position selection on the spot, the diverse perspectives, the witty attack and defense of the participants and the griping count of votes all became the highlights and fun of the event. Let’s look back some amazing moments occurred during 2020 IYLFS. Participants Welcoming Ceremony At the Welcoming Ceremony held on the evening of January 11th, Ms. Lin Yang, Head of SAIF MF Program, extended a sincere welcome to all contestants. She pointed out that over the past seven years, the Summit has never stopped the pace of innovation. Innovation is never a slogan for SAIF MF, which focuses on innovation, but also infuse it into practices. In terms of content, before the event, the Summit had plenty of discussions with top-class experts in both academia and industry to ensure the final theme is in line with the latest market trends, represents practical value and benefits the academic community as well. Regarding format, it is determined to innovate, optimize and improve the agenda and arrangement year over year, by exploring new sessions. Organizationally, the Summit pays close attention to every detail to ensure that every participant will enjoy the experience of engaging in a world-class competition. Opening Ceremony When the competition kicked off on January 12th, Prof. Chun Chang, Executive Dean and Professor of Finance at SAIF, delivered an opening address for the Summit. Focusing on the theme of this year's IYLFS, he uniquely interpreted the current status and trends of corporate finance and innovation in the era of science and technology and told SAIF’s story of growth and innovation over the past decade. Prof. Chang mentioned that financial innovation is crucial to China’s innovation and development. On the one hand, from PE and VC to STAR Market, we need to explore a long-term model to facilitate those true innovators. On the other hand, we also need to drive the globalization of Chinese companies. When the market is deregulating foreign investments, in the future, it will become more important to learn about international financial business models. Following Prof. Chang, Prof. Zhan Jiang, Faculty Director of SAIF MF Program and Professor at SAIF, reviewed the history and future of SAIF Master of Finance Program, also the organizer of IYLFS, along with to the participants and guests. Kicking off with the question “what is future?”, Prof. Jiang explained SAIF's mission of "Fostering the Future of Finance" and introduced how SAIF MF Program has quickly built up its advantages in a decade and topped Asia's financial education community. This year’s Summit is honored to greet Ms. Lydia (Bingnan) Liu, Managing Director of Citigroup Global Markets Asia Limited, as the keynote speaker, who delivered a keynote speech entitled "FinTech Disruption in Asia". Ms. Lydia Liu first introduced her professional experience and the global trends of FinTech. After that, she started talking about the Asian market's position in fintech competition and analyzed the technological innovations of different financial companies in the Chinese market in detail. She pointed out that China has a great leading edge in the direction of Internet finance. Whether it is the giant population or the convenience of mobile communications, it provides a rich hotbed for the combination of the Internet and finance. Finally, Ms. Liu encouraged the young students present to keep learning at all times and make innovation the core competency in their career paths. The Jury The jury of the competition was comprised of SAIF faculty members and expert guests, including Prof. Zhan Jiang, Faculty Director of SAIF MF Program and Professor of Finance; Prof. Jie Hu, Professor of Practice at SAIF; Prof. Xin Chen, Professor of Accounting; Jinlu Guo, Chief Investment Officer of ICBC AXA Life Insurance; Xianghui Li, President of Canyon Capital China; Zhongyu Zhang, Partner of Lantern Capital; Yanhua Yang, Chairman of PEMA PLUS; and Yeliang Zhang, Investment Director of Canyon Capital, who professionally commented and rated the performance of each team. The judges highly recognized the participants for their professionalism and maturity, which was extremely impressive. The students in the audience also cherished this opportunity to communicate with top-class professors and industry leaders. They actively grasped every chance of Q&A and were eager to exchange opinions with the judges. Prof. Zhan Jiang Prof. Xin Chen Prof. Jie Hu Mr. Jinlu Guo Ms. Zhongyu Zhang Mr. Jinlu Guo Mr.Yanhua Yang Mr. Yeliang Zhang The Competition At the final, all participating teams successfully completed their highly specialized case presentation in English and the judges provided each team with targeted comments and advices. After the presentation session, the teams studying the same target company drew lots to decide whether to invest or not and engage in two-to-two debates. 45 public judges from 20 universities around the world voted for the contestants' performance. The witty responses demonstrated the wisdom of the participants, while full of tension and excitement, the live voting also maximized the fun and interest of the audience. In the end, the team named "Gone with the Holidays" from Shanghai Jiao Tong University won the first prize of the Summit. The team from the Western University, the team from McGill University and a united team consisting of students from Hong Kong University of Science and Technology, Nanyang Technological University, Tsinghua University in Taiwan and the Chinese University of Hong Kong grabbed the second prizes. Three other teams from Shanghai Jiao Tong University, King ’s College London, Xi'an Jiao Tong University and two from Peking Universities harvested the third prizes. Panel Discussion After the intense competition, on the afternoon of January 14th, Prof. Zhan Jiang mediated a panel discussion among Ms. Zhongyu Zhang, Mr. Yanhua Yang and Ms. Lin Yang, Head of SAIF MF Program about the market changes in the Sci-Tech era, how businesses should transform via finance and innovation and what are the considerations young students should take account in when outlooking their future careers. The conversation between SAIF professors and industry experts in a rapturous way revealed a higher level of connotation and extension of the topics covered at this Summit. Closing Ceremony At the closing ceremony of the Summit, Mr. Zhen Lin, Chairman of Zhuyuan Capital Management Co., Ltd. and SAIF alumnus, came to the scene as a special guest. In 2019, Mr. Lin generously donated RMB10 million to SAIF and set up Zhen Zhen SAIF Master of Finance (MF) Scholarship Fund. At the Summit, Mr. Lin shared his original intention of setting up a scholarship, extended his hopes for young students and welcomed outstanding students from all over the world to come to SAIF for study. Finally, Mr. Jie Pan Deputy Dean of SAIF, made a closing address for the Summit representing SAIF leadership. He noted that Shanghai was once the International Economic Center, the International Financial Center, the International Trade Center and the International Shipping Center, and today, it is also the Sci-Tech Center. Mr. Pan hoped that IYLFS is only the starting point for the connection between all young students and SAIF. He also invited every participant to visit Shanghai and SAIF again in the future. Farewell Dinner On the evening of January 14th, the 4-day Summit came to an end. All the participants came to the Bund to attend the farewell dinner carefully prepared by the organizer. At the dinner, many participants stepped onto the stage and showed their talents through singing and dancing. International students from Stanford University, McGill University, University of Weston, University of Alberta and King's College London met in Shanghai through the competition, which helped shape their friendship. They jointly prepared the cup dance performance of "When I'm Gone", expressed their gratitude to the organizer with original lyrics and extended the wishes for continued friendship. The participants from different cities around the world lamented that this visit to the Summit was a worthwhile trip. They had the opportunities to discuss and exchange with world-class professors and business leaders in both academia and industry, practice financial expertise around the current market topics, make friends with like-minded peers and nurture friendships across borders and cultures. 2020 International Youth Leadership Finance Summit is over, though every valuable and memorable moment harvested here will be treasured forever.
Feb 25 , 2020
On January 12th, 2020, 2020 International Young Leadership Finance Summit, hosted by Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University, was officially launched. Centered at the theme of "Innovation and Finance in the Sci-Tech Era", the Summit invited SAIF faculty, industry experts and 120 participants from around the world to explore how technology startups can be empowered through innovation and finance. This year’s Summit is honored to greet Ms. Lydia (Bingnan) Liu, Managing Director of Citigroup Global Markets Asia Limited, as the keynote speaker. Focusing on the theme of this Summit, Ms. Liu delivered a keynote speech entitled "FinTech Disruption in Asia". Ms. Lydia Liu first introduced her professional experience and the global trends of FinTech. After that, she started talking about the Asian market's position in fintech competition and analyzed the technological innovations of different financial companies in the Chinese market in detail. She pointed out that China has a great leading edge in the direction of Internet finance. Whether it is the giant population or the convenience of mobile communications, it provides a rich hotbed for the combination of the Internet and finance. Finally, Ms. Liu encouraged the young students present to keep learning at all times and make innovation the core competency in their career paths. Asia is a land of opportunities for FinTech At the beginning, Ms. Liu shared her experience with the participants. Throughout her career journey, she has been based in Mainland China, the United States and Hong Kong and spanned multiple specialties, including accounting, consulting and investment banking. Her rich experience has shaped her diverse perspective and strong critical thinking. Having worked in the industry for more than a decade and witnessed tremendous changes and developments in the sector, she chose to return to Asia, a younger and more promising market. Today, FinTech is infiltrating all aspects of traditional finance and will have a disruptive impact on the world, especially in emerging Asia. According to Ms. Liu, Asia a "land of opportunities" for FinTech. The favorable macroeconomy, the exceptional room of growth and the large population have jointly determined the unique market potential of Asian economies. Convenient mobile communication facilities and efficient infrastructure capabilities have further promoted the economy of scale and the agglomeration effect, which have spawned successful FinTech products such as WeChat Pay and Ant Financial. We will see more possibilities in the future. Subsequently, Ms. Liu further explored today’s landscape of the FinTech market in Asia. At present, the market in Asia is still in its infancy, and the products and services are mainly concentrated in mobile payment, e-commerce, social media, Internet and P2P segments. In terms of business model, FinTech companies mainly serve individuals and SMEs that are not covered by traditional banking and provide competitive services to solve the pain points of traditional financial institutions, such as limited coverage, high costs and information asymmetry. Fintech companies use innovative technologies such as big data and artificial intelligence to reduce labor costs, accurately target at customer needs, provide more personalized services and effectively control risks. Concerning industry life cycle, FinTech companies are highly competitive. The products are currently concentrated in C2C and lending operations, with limited differentiation. In the future, they may evolve into C2B and non-lending businesses. Taking Ant Financial as an example, it stemmed from Alipay, has launched a series of products, including Yu'E Bao and Sesame Credit, and has successfully achieved gradual penetration into mobile payment, asset management, credit rating and other fields. It plans to provide more complex financial services in the future, ranging from insurance to personalized asset management. Balance between tradition, innovation and regulation As a veteran investment banker, Ms. Liu admitted that FinTech will indeed impact the traditional financial sector to a certain extent. She believes that although investment banking has not yet witnessed fundamental changes, leading banks have begun to accept and try new technologies and actively expand traditional business models. Although established banks have strong advantages of capital and customer base, FinTech is a new arena full of possibilities. If traditional financial institutions can't break the norm, become creative and create new demands in addition to meeting existing needs, they might be easily overtaken by latecomers. Later, Ms. Liu made further discussions on the regulatory issues that have attracted extensive attention. Fintech brings new value, while new risks cannot be ignored. These risks include credit, fraud, information security, financial system and social instability risks. For government, it is imperative to reinforce the development of the FinTech planning and regulatory systems, actively guide the proper use of technologies in the financial sector and constantly improve the ability to prevent financial risks. For enterprises and investors, regulatory immaturity increases the uncertainty in the industry's future. "Strategic regulation " is the key to collaboration between the two groups of stakeholders. She believes that the two groups will work together and find a way to achieve the balance between regulation and innovation. During the Q&A session, outstanding young students from universities around the world raised their questions to the guest speaker. A student from the University of Cambridge asked Ms. Liu what she thinks of the violation of personal privacy in FinTech applications. A student from Fudan University raised the issue of personal career development and how students with a non-financial background should find their unique advantages in the financial market. Finally, inspired by the questions from the students present, Ms. Liu extended her speech to compare the similarities and differences between the current FinTech industry structures in the US and Asia. She believes that the US financial sector is more mature and has a smaller population of underserved or unserved people. Therefore, the positioning of FinTech companies is mainly to attack and replace the business of the traditional financial sector. In contrast, the target segments of FinTech companies and traditional financial institutions in Asia are not highly overlapped. Therefore, the degree of disruption to the traditional financial sector is not as visible as that in the United States. In addition, the financial market will become further segmented in the future. Traditional finance and FinTech will cooperate in competition to achieve mutual benefit and win-win results, which will work together to drive the growth of the real economy. In conclusion, Ms. Liu advised the future financial professionals present to keep up with the changes and development of the times, always stick to the learner mindset, constantly update their expertise and skills and take innovation as their core competency.
Master of Finance