Zhu Xiaoming of China Europe International Business School: financial development should adhere to “integrity and innovation”

On January 9, the selection results of “Shanghai financiers” held for the 11th consecutive year in the financial industry were announced. 23 Shanghai financial talents stood out and won two awards. Zhu Xiaoming, chairman of the selection and evaluation committee of “Shanghai financier”, professor and former president of China Europe International Business School, said at the award ceremony that integrity and innovation is not only the theme of financial teaching, but also the theme of financial development. When opportunities come, innovation can last forever; When risk comes, integrity can last forever.

Professor Zhu Xiaoming believes that without innovation, there will be no development in Shanghai today. The selection of financiers reflects the innovation of the Central Committee and the Shanghai municipal government. So far, more than 200 people have won the titles of “Hushang financier”, including people who have made important contributions to the construction of Shanghai international financial center, Hushang financiers, Hushang financial leaders, Hushang financial innovation figures, etc. the industry structure they represent also reflects “integrity and innovation”.

Zhu Xiaoming proposed that the premise of innovation is “integrity”. Enterprises should not only pay attention to the positive effects of innovation, but also prevent the breeding of negative effects. We should strike a balance between promoting the development of financial science and technology and preventing financial risks, and improve the “penetrating supervision ability” and “risk monitoring perception ability” on the basis of paying attention to basic application research.

Zhu Xiaoming suggested that Shanghai’s financial industry and academia should study real and cutting-edge topics such as asset management center, financial technology, digital finance, digital assets, digital currency, offshore finance, international trading platform, RMB capital pool, foreign exchange capital pool, RMB internationalization, as well as Yuan universe, digital twins, digital virtualization, green finance and carbon emission trading, Use artificial intelligence technology to make “integrity and innovation” real, deep and detailed.

The “Hushang financier” activity in 2021 is sponsored by Xinhua news agency, China economic information agency, Xinhua News Information Center, Xinhua News Agency Shanghai Branch, China Financial Information Center, Xinhuanetco.Ltd(603888) , Shanghai Securities News, Shanghai Financial Industry Federation and China first finance and economics, and supported by Shanghai Municipal Bureau of financial work, Shanghai headquarters of the people’s Bank of China, Shanghai Banking and Insurance Regulatory Bureau and Shanghai Securities Regulatory Bureau. SAIC Audi provides full support, with special support from country garden and Jiufang intelligent investment. The selection activity was officially launched in August 2021, and the award list was generated through the processes of application and recommendation, nomination by the selection committee, qualification review, media review, online voting, expert review, etc.

(source: Xinhua Finance and Economics)

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