On November 28th, Guangdong Development Bank Mangrove Forum was held at UIC. The first Chinese vice president of Merrill Lynch, secretary general of Taiwan Securities Developmental Foundation Mr. Hu Liyang, Prof. Guan Pinfang from Business and Management Division, and the senior business analyst of Guosen Securities Zhaoping delivered speeches on the trend of international finance and investment strategy in the stock market respectively. Program Coordinator of Finance, Prof. CHAN, Leslie hosted the forum.
UIC Executive Vice-President Professor Kwok Siu Tong, UIC Associate Vice President: Dr. Wendy Chan, the President of Zhuhai branch of Guangdong Development Bank Mr. Qu Jianguo and the Chairman of Zhuhai Securities Futures Association Zhong Xiongying were also in attendance.
Mr. Hu Liyang
Mr Hu started his speech with a two-minute samba performance which he wished to illustrate that every stock market had its own rhythm. He talked about his frequent reliable forecasts of market trends in the past twenty years and attributed the success to sound researches on twelve important newly developed markets in the world for many years. He shared his investment strategies such as Six-month Theory, the "one of two Law" and so on.
Mr. Hu was also the guest speaker of UIC's High Table Dinner in the evening. He shared his personal experience from which students could learn a lot. He considered that, a successful career could be achieved and maintained on the premise of shared pleasure. He advised students to explore a working style in which they could develop their interests and also convey happiness to others.
Mr. Hu also responded patiently to students' questions about the A Share, GEM, and market behavior in the mainland and so on. Concerning students' speculations in stocks, he considered it justifiable in condition of no indulgence. He added that, learning is far more important than purely making money. He disapproved of blind speculation in heavy debt.
A UIC student asking question
In the forum, Prof Guan Pinfang from Division Business and Management Division gave a lecture on the Chinese financial industry and RMB internationalization. He said that improvement on credibility, liquidity, demand sensitivity and supply was needed for RMB to become a currency of international reserve. In his view, developing a close relationship between China and ASEAN was the first step towards regionalization and internationalization. He also mentioned that the interpenetration in the financial industry had become irrevocable, and relative supervisory system would be needed subsequently.
Famous Chinese fund manager Ms. Zhao Ping forecasted the Chinese stock market with her "four dimensional quantitative research theory". Based of the quantitative analysis of the monthly charts of the stock market in the past 24 months, she said the market trend is in order. She confirmed the method of quantitative analysis to forecast the market in the early phases of the market.
UIC Executive Vice-President Kwok Siu Tong stated that, the forum on finance marked the cooperation between UIC and Guangdong Development Bank. He showed great appreciation for all distinguished guests who shared their philosophies with students. He said, investment was not only a quest for money, but also a reminder of reflection on life experiences. The establishment of UIC was a high-risk investment because it assumed the responsibility of developing a brand-new teaching concept and model, delightfully it was a success.
President of Guangdong Development Bank Zhuhai Branch Mr. Qu Jianguo
Guangdong Development bank would join efforts with UIC to protect mangroves. Representatives of Guangdong Development Bank promised that, one RMB would be donated to the Zhuhai Mangrove Protection Foundation if one card was issued; 0.5 RMB would go to donation if the card was utilized for consumption once. It was estimated that the foundation could get a big donation of 1,000,000 RMB from Guangdong Development Bank within one year. UIC had set up an internship base for environmental education and volunteer service. UIC had made a great contribution to the protection of mangroves in the past one year, and would take more efforts to advance the meaningful course in the future.
Written by Zhongqiu, Libichun
Translated by Huang Shanqing
Photo by Hu Yuning, Xia Jingyu, Gaoxin
Editor: Richard Xu
MCO
