Technology Leading the Way and Drawing the Blueprint Together: FISF EMBA City Forum Zhejiang Chapter, an Industry Leaders Dialogue, Successfully Held | FEMBA

Release time：2025-07-07    

On the afternoon of June 29^th 2025, FISF EMBA City Forum Zhejiang Chapter, an industry leaders dialogue, was solemnly held in Hangzhou, Zhejiang. Jun Qian, Executive Dean of FISF and Professor in Finance, Yanghua Xiao, Professor at School of Computer Science, Fudan University and Director of Shanghai Key Laboratory of Data Science, Yang Hu, Senior Director of Noah Holdings Products, and other distinguished guests attended the activity to conduct in-depth exchange and sharing upon macro trends, AI frontiers, laws of industry investment and other core subjects; meanwhile, the unveiling ceremony of “Home of FISF EMBA - Zhejiang Chapter” was also successfully held, marking the establishment of a new hub for elite alumni circle in Zhejiang, who will work together to compose a new chapter of wealth appreciation.

Part. 01

Directly facing the trade friction dilemma

Closely seizing the good opportunity to reshape the valuation of sci-tech enterprises

At present, with the game between China and the US as major powers coming to a deadlock, domestic enterprises have a growing interest in “going out.” Focusing on this phenomenon, Dean Jun Qian made an in-depth analysis on the current macro-economic trend and the way to handle investment in the speech entitled “pathbreaking methods for Chinese economy and global technology valuation trends.”

When it comes to the latest progress and responding strategy of the Sino-US “tariff war.” Dean Qian specially warned that with the continuous advancement of the trade negotiation between the US and Southeastern Asian countries, the past strategy of Chinese enterprises exporting goods to the US market via Vietnam and Southeastern Asian countries alike is most likely to be blockaded. “Chinese enterprises going out may enter the 2.0 phase and should gradually move beyond “transitional” manufacturing to a deeper commitment to exploring and penetrating local markets.”

As for the capital market, Dean Qian, based on his sharp insight into the global stock market, revealed that the surge of Hong Kong stock market is fueled by the robust rise of Chinese sci-tech companies on one hand, and by the active participation of international capital on the other hand. In his view, currently the sci-tech companies in Chinese and US capital markets are facing valuation reshaping. And at the same time the global capital is adjusting and reshaping at an increasingly faster pace. In the future, investment opportunities in markets beyond the US and India are worth continuous attention.

Part. 02

Data plus AI big model empowerment

consolidating the moat for enterprises

With a view to “the development trend and commercial application of AI big model,” a major concern of most people at present, Professor Yanghua Xiao shared his opinions on the latest frontier dynamics and application trends of AI big model in all aspects.

“Artificial General Intelligence is a revolution of ‘intelligence’ itself, and a meta-revolution in technology.” Professor Xiao mentioned that there is always an upper limit in humans’ cognitive ability, and a limited cognitive ability cannot help humans survive the increasingly complicated, uncertain and changing world. This is critical problem humans are facing. Nevertheless, with the rapid development of robots and artificial intelligence, humans have got a powerful assistant to better understand the world, and through human-machine collaboration, we can better control over the increasingly complex social system and operational mechanisms.

In recent years, with the development of generative language big models, artificial general intelligence (AGI) has rapidly risen to prominence, significantly empowering language workers like authors, copywriters, translators and customer service. In the future, as materials and technologies keep on iterating and big model-cored AI becomes everywhere, any activity involving human intelligence will be expected to be deeply empowered by big models, becoming an essential engine to push forward high-quality economic development.

Apart from giving an all-round introduction of frontier applications of AI big model such as intelligent engine, data governance, risk control, business decision-making, embodied intelligence, and digital employees, Professor Yanghua Xiao also further emphasized that the key trends of big model development in the future lie in: firstly, further strengthening application leadership to achieve the transition from basic model refining to application value realization; secondly, further improve the big model industrial ecosystem to drive the development of big mode technology with a sound ecology and market; and thirdly, further expanding data supply to take big model to a safer, more controllable, more reliable, cheaper and more intelligent level.

Part. 03

Wielding the sword of scientific methodology

Delving into the underlying logic behind things

As an investment veteran having overrun in the capital market for over two decades, Yang Hu sincerely shared his practical experience and understanding around the topic of “the Sino-US relation in the era of great changes and directions for investment layout.”

In his opinion, the more complex the macro situation becomes, the more necessary it is to wield the sword of scientific methodology, in combination with multiple methodologies like induction, deduction, natural sciences, formal sciences, and social sciences. Only by trying to look through phenomena and find out the fundamental laws can we better understand the sophisticated objective reality and provide proper reference for investment decision making.

When it came to the foreign policies of the Trump Administration, Yang Hu particularly pointed out the distinct concepts of “the American Empire > the United States > the Republican Party > the Trump Administration > Donald Trump.” He believed what Trump is currently controlling is merely the United States that pursues “America first.” and that it is this narrow governing perspective that has caused the world order led by the American Empire to start faltering.

As for how China should respond, he summarized several key points: firstly, on the economic level, transitioning towards a consumption, technology, and finance-driven economic model; secondly, on the diplomatic level, extending towards the ASEAN periphery; thirdly, on the military level, gradually demonstrating our own power; and fourth, on the sci-tech level, striving to catch up and ultimately a successful overtaking.

After the keynote speeches and in witness of everyone present, all the teachers and students of FISF jointly participated in the unveiling ceremony of “Home of FISF EMBA - Zhejiang Chapter.” As the first stationmaster, 2023 EMBA Student Linfeng Zhai excitedly said that he felt a great burden on his shoulders and was determined to stick to the principles of “carrying forward our legacy, integrating innovation, and upholding a commitment to service”, forging ahead towards the goal of building Zhejiang Chapter into a cultural bond to pass on the academic legacy and consolidate the alumni power and composing more wonderful stories of Fudan people in Zhejiang.

Dean Jun Qian, Teacher Jingming Lu, together with Mr. Lingyun Song, CEO of Noah Holdings Hangzhou Office, and Yan Jiang, Asset Allocation Director of Noah Holdings Hangzhou Office and 2024 EMBA Student, held the “signing ceremony between FISF and Noah Wealth Strategic Framework”, marking the further deepening of the strategic partnership between the two, which officially stepped into a brand-new stage of development.

Zhejiang is an economic highland for Chinese private enterprises and a frontier region of digital innovation. Its new industries, new business formats and new models are burgeoning with immense vitality. Based on “Home of FISF EMBA - Zhejiang Chapter,” in the future Fudan International School of Finance will keep on deepening the idea exchange and value co-creation together with business elites in Zhejiang, making joint efforts to contribute positive strengths worthy of the times to the pathbreaking development of Chinese industries.

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The EMBA Program of Fudan International School of Finance, established on Fudan’s profound disciplinary foundation, led by “internationalization” and “actual combat” to construct a new educational paradigm of China’s EMBA 2.0, aims to cultivate internationalized business leaders who have a sharp insight into Chinese financial power, take the lead in China’s economic future, and act as the source of energy for individual growth and enterprise development. Right now, 2026 enrollment is in progress. We anticipate to welcome entrepreneurs embracing ambitions and patterns in FISF EMBA, and create infinite possibilities together in the era of uncertainty!

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