From September 4 to 8, 2019, the 2018 cohort of Tsinghua PBCSF’s BRI EMBA Program had its 7th module in the newly completed Tsinghua PBCSF Shanghai Learning Center, making it the first time that this program visited Shanghai. During the four-day module, two industry mentors and two professors and scholars from the US presented their understandings of China’s capital market and business negotiation from different perspectives.
He Zhiguo, FujiBank and Heller Professor of Finance at the Booth School of Business of University of Chicago, introduced China’s economy and capital market from three aspects, including China’s banking system, securities market, and local debt and interbank market. Through his introduction, students gained a deep understanding of China’s capital market, especially with respect to the development status, problems encountered in development, as well as potential risks and possible countermeasures.
Wei Gang, General Manager of the Issuance and Listing Service Center of Shanghai Stock Exchange (ILSC, SSE), lectured on the topic of “Interpretation of the Program for the Establishment of SSE STAR Market and Trial Run of the Registration System”. From an overview of economic and financial development, to the reforms of the capital market and the main system design of the SSE STAR Market, Mr. Wei combined humor with pragmatism. The students were very interested in the SSE STAR Market, and had in-depth interactions with their instructor in class.
Huang Qifan, Vice Chairman of the China Center for International Economic Exchanges, Former Mayor of Chongqing, and Vice Chairman of Financial Committee of the 12th National People’s Congress, discussed China-U.S. trade friction under the new pattern and new characteristics of China’s opening up. Mr. Huang not only gave a comprehensive introduction to the internationalization of China’s business environment and specific conditions of new areas of opening up in inland China, but also further revealed the nature of the China-U.S. trade war, carried out an in-depth analysis on the United States’ position and China’s countermeasures, in addition to illustrating the “five chips” that China can leverage to win the trade war. Students also took the opportunity to ask Mr. Huang about their concerns.
Photo: Huang Qifan was lecturing to the students
Chen Yaru, Nicholas H. Noyes Professor of Management and Academic Dean for China Initiatives at Samuel Curtis Johnson Graduate School of Management of Cornell University, delivered a lecture on the strategies of global negotiation. Using a large number of group exercises during class, she made every student understand the essence of multi-objective negotiation through simulated negotiation scenarios. Students participated in these activities conscientiously and enthusiastically and her teaching method achieved superb results. Moreover, Ms. Chen set up a theoretical strategic framework of international negotiation for the students, and indicated the issues to which they should pay attention as well as the psychological preparation that they should make during negotiation.
Apart from the lectures, students also visited Shanghai Gold Exchange, YITU Technology and Haitong Securities.
They began their company visits at the hall of Shanghai Gold Exchange (SGE) where everyone’s attention was caught by a huge gold ore, which is a high-grade ore from Zhaoyuan, Shandong Province, containing more than 100 times of gold than that of ordinary ores. Wu Yufeng, Assistant General Manager of the SGE Investor Education and Marketing Department, gave a keynote speech on “The Opportunities and Challenges of China’s Golden Age” and discussed with the students a series of topics including gold’s attributes and gold investment, the development of Chinese and global gold markets, and gold trading and gold asset management in the Internet era.
Students also visited the high-tech startup YITU Technology in the Hongqiao Development Zone. Founded in September 2012, Shanghai YITU Internet Technology Co, Ltd. specializes in AI technology application, including intelligent security, YITU medical care, smart finance, smart city, intelligent hardware, etc. In YITU Technology, students tried out its facial recognition technology and online medical treatment, and engaged in an-indepth dialogue with Dr. Wu Shuang, Chief Scientist of YITU Technology, on the development and prospects of AI.
The last stop of the company visits was Haitong Securities. After the welcome speech by Pei Changjiang, Vice President of Haitong Securities, Wu Shukun, General Manager of the Department of Strategic Development of Haitong Securities, introduced the history of Haitong Securities and the development plan under the BRI. Lu Xiaoli, Assistant General Manager of the Institutional and International Business Department of Haitong Securities, gave a keynote speech on the evolution of the opening up of China’s capital market. Finally, Yu Bo, a senior macro analyst at Haitong Research Institute, conversed with students on “when it is dark in the West, it will be bright in the East” to give an outlook on the macro economy and capital market in the fourth quarter of 2019.
