A Team Led by Professor Cheng-Der FuhChengde Fu Visits Industrial Securities, Engages in an In-depth Discussion on Development and Opportunities of Securities Industry

Release time：2021-05-21    

On December 18^th 2020, with the strong support of FISF Professional Development Center (PDC for short), a team of FISF professors and staff led byCheng-Der Fuh, Professor of Quantitative Finance (Teaching-Track) and Academic Director of EMF, arrived at Industrial Securities for a round of enterprise visits and exchanges. The Enterprise Visits Second Stop of 2020 FISF Education Service Center (ESC) L&T officially started. The L&T program (Learning & Teaching Program) is aimed at practicing the concept of establishing an excellent center of financial education, and enhancing the communication and interaction among major players. Those players being the financial industry, the real economy and FISF professors, who promote university enterprise cooperation and explore new opportunities in financial development.

Industrial Securities Co., Ltd. was among the first batch of nationwide comprehensive innovative securities companies in China approved by China Securities Regulatory Commission. It’s a large-scale financial holding group covering various professional fields like securities, funds, futures, asset management, direct investment, alternative investment and cross-border business. On the day of the visit, Dr. Yilin Huang, Vice President of Industrial Securities, Guoxiong Sun, Office Head of the Group, Jun Shi, General Manager of Risk Management Department II, Dr. Fangbiao Zheng, Deputy Dean of Institute of Economics and Finance, Wenjie Zhu, President Assistant of Industrial Securities Asset Management Co., Ltd., Jingbo Liu, Director of Research Planning and Product Division of Bond and Derivative Business Department, and Yubin Zhou, Deputy Director of Recruitment Management Division of Human Resource Department (a student of the first session class of FISF FMBA), took part in the activity, and expressed their warm welcome to the professors.

During the activity, professors first introduced their respective research fields and course teaching situations, then talked about the underlying reasons for the visit, recent development and future planning of FISF as well as general student information and cultivation goals of various programs. They also expressed their expectations for more cooperation in various aspects like recruitment, employment, research and joint postdoctoral cultivation. During the meeting, General Manager Jun Shi stated that the registration system is a challenge to the business mode of investment banks, as the previous administrative supervision taking charge will be replaced after the registration system is implemented. When that implementation is realized, marketization and legalization will be at its core, requiring relevant talents to be equipped with certain pricing, valuation, sales and industrial research abilities. Dr. Fangbiao Zheng gave a detailed illustration to professors on the development history, research advantages, business orientation, structure of Industrial Securities Research Institute, as well as the research fields of each research centers. He went on to mention the talent requirements of the research institute, among which the capabilities of stress tolerance, communication and teamwork are essential. Next Director Jingbo Liu explained to the professors the quantitative instruments and the applications that are commonly used in the A-share market.

As the academic director of EMF, Professor Chengde Fu has expressed his goal for students’ applying what they’ve learned into practice. Yubin Zhou, Deputy Director of Recruitment Management Division of Human Resource Department, introduced the 6 trend changes and the theories behind them in securities firms’ talent requirements in recent years. He made a detailed interpretation on the talent requirement trends in investment banking, large institute business, wealth management and fintech, etc. Industrial Securities wishes to have the chance to employ in advance outstanding talents of FISF through channels like internship. President Yilin Huang claimed that internship is a key measure to identify excellent talents, during which students’ professional ability and characteristics can be evaluated while determining whether they are fit for the position.

In addition to this, professors also conducted in-depth discussion and exploration with senior management of Industrial Securities on hot issues, including the transformation of the buy-side research mode, the development trend of wealth management market, the operation of asset management, the influence brought by the entry of foreign hedge funds, and the professional abilities of fintech talents required by securities industry.

Professors taking pictures with senior management of Industrial Securities

In the coming year, the L&T program will continue to seek chances for professors to carry out cooperation and communication with other representative enterprises in order to assist professors’ teaching and research, to promote the cultivation of students in the program, and to constantly nourish and provide financial talents “keeping pace with the times, long-lasting and of great use” for the society.