April 29, 2021
The 1st “Yangtze River Finance” Workshop at SAIF Inaugurated
On April 21, 2021, the first “Yangtze River Finance” workshop at SAIF was inaugurated in the Yangtze River New Financial Demonstration District. It was jointly sponsored by Nanjing Jiangbei New District and the Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University (SJTU). Nearly 100 staff from Jiangbei New District attended the conference. Qun Luo, Deputy Secretary of the Party Work Committee of Jiangbei New District, delivered a speech at the event on behalf of Jiangbei New District. He said that under the new development pattern of "Domestic and International Dual Circulation", Jiangbei New District should seize upon development opportunities to vigorously promote the financial industry with joint efforts made by relevant departments and entrepreneurs. He also thanked SJTU for its care and support for the Jiangbei New District of Nanjing. Professor Qigui Zhu (Secretary of the CPC SAIF Committee) delivered a speech on the theme of the "Macro-economic Situation in the Post-epidemic Era" from six aspects. These include: the macro-economic analysis system, the construction of the new development pattern, the complexity of the global economy, the deployment of the government's economic work, the analysis and judgment of the economic situation, and the thinking behind high-quality development.
April 28, 2021
Donor Appreciation Ceremony Held at SAIF
On April 17, 2021, an appreciation ceremony for the 3rd anniversary of the establishment of the Shanghai Advanced Institute of Finance (SAIF) Donation Wall was held at the Xuhui Campus at Shanghai Jiao Tong University (SJTU). Professor Guangshao Tu (Adjunct Professor at SJTU and Executive Director at SAIF) and Professor Chun Chang (Executive Dean, Professor of Finance and Huifu Chair Professor at SAIF) delivered welcome speeches. At the beginning of the ceremony, Professor Jie Pan (Vice Dean at SAIF) introduced the history of the SAIF Donation Wall to the donors and alumni. In April 2018, in recognition of the contributions to the development of SAIF made by donors, the SAIF Donor Wall was officially established in the south hall at SAIF at Xuhui Campus. At present, 100 individuals, 14 classes, and 19 enterprises have been listed on the wall. Many of them have made multiple donations, which fully reflects the SAIF donation culture — "Be thankful for mutual benefits". In April 2019, SAIF ran a special donation program called "Step By Step" to celebrate its 10th anniversary of establishment. Professor Chang said in his speech that SAIF donors demonstrate the "Gratitude"spirit of both SJTU and the International Business School, which is one of the most precious assets of SAIF since its establishment twelve years ago. He hoped that with the spirit of SJTU and the power of SAIF, donors and SAIF would continue to be of benefit to each other. As a representative donor of the "Step By Step”program, Professor Tu said that the development of SAIF was inseparable from the care and support of all kinds of shareholders, with special recognition being given to the donors. Through the program, Professor Tu jointly established the "SAIF Qinglan Fund" with several professors. He hoped that these programs and funds would promote young scholars to collaborate in their efforts with teaching and research to build SAIF into a world-class financial school.
April 20, 2021
CAFR-FinVolution Joint Research Laboratory to be Assembled
On April 15th, 2021, CAFR-FinVolution Joint Research Laboratory at Shanghai Jiao Tong University (SJTU), which was donated by FinVolution Technology, was officially unveiled at the FinVolution Partner Conference with the theme of "FinVolution: New Business Model of Future". Professor Guangshao Tu, Adjunct Professor at SJTU and Executive Director of Shanghai Advanced Institute of Finance (SAIF), delivered a speech at the conference. The launch of the CAFR-FinVolution Joint Research Laboratory represents the recognition and ardent expectation of the industry for SAIF's academic achievement. It will also greatly support SAIF's research and practice in the field of digital finance. SAIF will continue to forge ahead with determination, give back to society with outstanding research, and make unremitting contributions to the construction of Shanghai as an international financial center.
March 20, 2021
Delivering Financial Theories and Ideas: the 1st SAIF Workshop Inaugurated
On March 11th, 2021, the inaugural SAIF Workshop was launched in the auditorium of Tsung Dao LEE library at the Minhang Campus of Shanghai Jiao Tong University (SJTU). Professor Tan Wang, Professor of Finance and MF Program Academic Director at Shanghai Advanced Institute of Finance (SAIF) at SJTU, was invited as a guest speaker to share his insights on the theme of "Investment Overview". Nearly 150 students attended the event, along with Professor Hong Yan, Professor of Finance and Deputy Dean for Faculty and Research at SAIF. SAIF Workshop is a series of academic lectures on finance, designed for SJTU faculty and students and built on SJTU’s Master Forum. In each session, a professor at SAIF will be invited to interpret relevant field knowledge, analyze macro financial landscapes, and explore financial development models, business strategies or market trends. In this session, Professor Wang reviewed the evolution of classic investment philosophy. He introduced the key concepts of investment around three key words of value, risk, and market effectiveness. In addition, Professor Wang also discussed several portfolio theories aimed at risk diversification and explained to the audience how to "not put eggs in the same basket", from an academic point of view. Furthermore, he shared his thoughts on emerging concepts such as ESG investment and financial empowerment of the real economy. He believed that today's finance not only seeks higher returns and risk diversification, but also takes into account social responsibility. It is hoped that the workshop would bring some inspiration to the audience on their future asset allocation and to assist their understanding for a number of issues, from the perspectives of both finance and dynamics.
March 16, 2021
SAIF and WEF Jointly Release White Paper on China's FinTech industry
On the afternoon of March 11th, 2021, the white paper "Embracing the Challenge at the Crossroad: A New Chapter in China's FinTech Industry" was jointly released by the World Economic Forum (WEF) and the Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University (SJTU). The white paper, authored by Professor Jie Hu, Professor of Practice at SAIF, reviews China's FinTech journey in three stages. It explores three innovative drivers behind the evolution, discusses the current hot topics in the domain, puts forward the challenges faced by the industry and regulators alike, and inspires readers to drill down into the key issues.
March 10, 2021
Professor Zhan Jiang Awarded March 8 Red-Banner Pacesetter by SJTU
On March 8th, 2021, Shanghai Jiao Tong University (SJTU) held the Commemoration of the 111th Anniversary of International Women's Day and the Awarding Ceremony of Advanced Individuals at Minhang Campus. Forty female employees, including Professor Jiang Zhan, won the SJTU honorary title of March 8 Red-Banner Pacesetter for 2019-2020. Professor Zhan Jiang joined SAIF in July 2011 and is one of the first full-time professors at SAIF. She has made outstanding contributions to SAIF's development in teaching, research, and management.
March 01, 2021
Professor Hong Yan Awarded Key 2020 Grant from Shanghai Finance Society
Recently, the Shanghai Finance Society announced the winners of Key Grant Awards in 2020. The project “Research on the Development of Offshore Center at Lingang New Area of Shanghai Free Trade Zone”, led by Professor Hong Yan (Deputy Dean for Faculty and Research, and Professor of Finance at the Shanghai Advanced Institute of Finance), won the 2nd Prize of Key Grant Award in 2020. This demonstrates the strength of SAIF faculty in policy studies and applications, as well as SAIF’s significant role as a think tank in the construction of Shanghai as an International Financial Center. The Shanghai Finance Society solicits grant applications from its members every year in order to expand its functions as a think tank and platform of academic exchange, and to encourage the members to carry out targeted and practical research on finance. In 2020, a total of 56 applications were submitted and 36 grants were awarded, including three grants from SAIF. Based on expert review and the intellectual property status of the grants, the Society selected a total of 18 winners, including five 2nd Prizes (with the 1st Prize vacant), eight 3rd Prizes, and five Excellent Prizes. The research group led by Professor Yan targeted the offshore center planning of the Lingang New Area in Shanghai. In view of the fact that full currency convertibility and capital account opening are unavailable in China at the moment, it is suggested that the offshore financial market should separate its domestic and international operations. However, given the role of China’s offshore market in providing overseas funding to Chinese businesses, it is also important to maintain appropriate exchange channels under the framework of domestic and international separation. In addition to development direction and functional deployment at the macro level, the research group led by Professor Yan also proposed six measures for the specific construction of the offshore RMB center at Lingang New Area: 1) To drive RMB asset pooling and create multi-level asset pooling of RMB-denominated stocks, bonds and derivatives; 2) To improve the offshore financial market policy system; 3) To regulate the offshore financial market management system; 4) To take measures to promote the development of offshore services; 5) To strengthen the construction of financial infrastructure; and, 6) To build a risk management system and linked controls suitable for both onshore and offshore markets.
February 26, 2021
Professor Jun Li’s Research Published in The Review of Financial Studies
Recently, The Review of Financial Studies, a world-class journal, published “The Collateralizability Premium”. It was co-authored by Professor Jun Li, Assistant Professor at Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University (SJTU) in collaboration with: Hengjie Ai of the Carlson Business School of University of Minnesota, Kai Li of Hong Kong University of Science and Technology, and Christian Schlag of Frankfurt University. The Review of Financial Studies (RFS) is one of the Top 3 international financial journals in the world, published by Oxford University Press on behalf of The Society for Financial Studies. The paper was inspired by literature review on financial friction. After the financial crisis, there were a large number of papers and models about financial friction in macroeconomic literature, but literature focusing on the impact of financial friction on cross-sectional stock returns was limited, especially on collateral-back lending. Therefore, Professor Li and his collaborators focused upon the friction of collateral-back lending in order to seek out the connection between collateralizability premium and company characteristics.
February 26, 2021
Challenges and the Future of FinTech - The First “Yangtze River Finance” Sum ...
Aiming to further drive the rapid growth of the new financial sector at Jiangbei New District of Nanjing, the first “Yangtze River Finance” Summit Forum was held at Jiangbei New District on December 23rd, 2020. Regulators, the academic community, industry guests, and financial institutions discussed a number of topics centered as FinTech. These included: industry innovations, macro effects, risk patterns, technological advancements, regulatory updates, and future trends. Attendees engaged in in-depth academic exchanges and experience sharing to facilitate the joint evolution of the financial sector. On the theme of “Challenges and Future of FinTech”, the Forum was hosted by Nanjing Jiangbei New District Management Committee and the Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University (SJTU). It was jointly sponsored by the Nanjing Jiangbei New District Finance Bureau, the Nanjing Jiangbei New District Central Business District Construction and Management Office, and the Nanjing Institute of Digital Finance Industry Co., Ltd. At the Forum, the Nanjing Jiangbei New District Management Committee signed a strategic cooperation agreement with SAIF which was in addition to another cooperation agreement between SAIF and the Nanjing Jiangbei New District Central Business District Construction and Management Office. Subsequently, Professor Guangshao Tu and Mr. Jianrong Shen jointly unveiled the Nanjing Jiangbei New District Campus of the SAIF FinTech Innovation Base.
February 09, 2021
Integrating Industry with Finance under the New Landscape of Dual Circulation
On December 27th, 2020, the Financial Forum on “Integrating Industry with Finance under the New Landscape of Dual Circulation”, jointly hosted by the M&A and Restructuring Committee of Global Financial Leaders Forum and the Shanghai Chapter of the Alumni Association of the Shanghai Advanced Institute of Finance (SAIF), was successfully held in Shanghai. The event focused on a number of hotspot topics, including: “SMEs and Industrial Digitalization Empowered by Dual Circulation”, “Diversification Solutions for Listed Companies in Distress”, and “Integrating Industry with Finance in Capital Markets under the New Landscape of Dual Circulation”. Influential scholars and experts in related fields were invited to discuss and share their insights on new solutions and opportunities for the integration of industry and finance. More than 200 participants were present, including SAIF faculty and alumni, and industry experts such as: Professor Chun Chang, Executive Dean of SAIF and Chairman of Global Financial Leaders Forum; Professor Qigui Zhu, Secretary of the CPC Committee at SAIF; Professor Hong Yan, Deputy Dean for Faculty and Research at SAIF; Mr. Ning Zhang, Co-Chairman of Global Financial Leaders Forum and President of SAIF Alumni Association; and Mr. Jianjun Wang, Chairman of M&A and Restructuring Committee of Global Financial Leaders Forum and Executive President of the SAIF Alumni Association. The Forum was presided over by Mr. Li Kai, Co-Secretary-General of M&A and Restructuring Committee of Global Financial Leaders Forum, Director of Bankruptcy and Non-performing Assets Research Committee of Shanghai Lawyers Association, and Partner of Fangda Partners. Mr. Tong Cao, Chairman of Shenzhen Hande FinTech Holding Co., Ltd., delivered a keynote speech on the theme of “SMEs and Industrial Digitalization Empowered by Dual Circulation”. Guests shared their insights on the topic of “Diversification Solutions for Listed Companies in Distress” from the multifarious perspectives of law firms, investment bankers, clubs, funds, listed companies, asset managers, and industrial investors.