宝贝把腿张开我要插

狼车高H免费视频

Home > About > News & Events > News >

渭南高亨华服务有限公司

Time:2019-08-29 11:28:36  Hits:[]

This article has been published in PHBS Magazine ( premier issue, fall 2019) 
Click here to read the magazine 


The financial industry has become flush with a vitality that has accompanied significant technological momentum. As fintech moves from an upstart movement into the mainstream, preparing students for the future of finance is vital. Universities worldwide have begun to incorporate fintech into their curricula, while PHBS is on the same track. “It’s a natural step to set up a fintech program” said Jaehyuk Choi, explaining why PHBS has launched a program in this field.

He pointed out that PHBS is a leading business school located in Shenzhen, a hub for innovation and entrepreneurship, “so fintech is an important intersection between PHBS and Shenzhen.” Choi made a career shift leaving his “quant” job at Goldman Sachs and joined PHBS in 2017 as an assistant professor. Now, he teaches blockchain and machine learning courses for the school’s fintech program and is devoted to research on quantitative finance and machine learning. To prepare for the new and ever-changing field, he has “reviewed tons of related materials” and also finished a paper on Bitcoin.*

“Fintech is where finance meets technology,” he explained. “For a fintech program to truly succeed, it needs ‘chemical bonding’ between the two areas.” In this recent interview, Choi shared his insights on our fintech program and China’s fintech story, as well as views on business schools’ role in this trend.

Choi stands in front of his bookshelf, saying he needs to read tons of related materials to get well prepared for the new and ever-changing field

Q: Financial technology, more commonly referred to as fintech, is expected to reshape the financial sector in the coming years. What are the reasons for its rapid growth?

Choi: Mainly it's about efficiency and affordability. So, fintech is where finance meets technology, and here's an example. Robo advisers are being used now. They are automated online platforms that can provide cost-effective financial advice. After clients fill out a personal profile, the robo advisor algorithm makes portfolio selections and manages them. This is a lot more affordable to a greater number of people than standard, human advising and portfolio management.

Q: China is emerging as the world's fintech market leader. Can China's fintech story be replicated elsewhere but tailored to the local context?

Choi: China is unique in many ways and already has successful fintech, especially in online payment. One reason for its success is that people in China don't use credit cards very much because many people didn't have access to banking in previous years. But now with the mobile phone, anyone can access the Internet, so China kind of skipped credit cards and went directly to online payment. Alibaba and Tencent are good examples. They have been central to encouraging other companies and when startups are successful, they will buy them. So, China has a good system for encouraging further fintech development in the example of online payment for it because of the chain of success. In other countries, such innovation may be slower because existing credit card technology, for example, continuously improves and competes with fintech. Still, the success of China fintech is important for other countries because it leaves footprints to follow.

Q: What are the challenges and downside of fintech?

Choi: There are many promising aspects in fintech, but it's not going to be the cure for all. For any fintech to succeed, it has to compete with existing technology, which is continuously and rapidly being innovated. I don't think fintech will win in all fields of finance. The downside is privacy and jobs. Personal information is very important for fintech companies because they create value from data. However, privacy should be protected and we have to ensure that personal data is used properly. Many jobs will be removed by AI [artificial intelligence], and we need to prepare for that trend. So students need to understand this long before graduation.

Q: Last year, PHBS launched a new master's program focusing on fintech. Can you give me a full picture of this program?

Choi: We are China's leading business school in Shenzhen, and with Shenzhen being a hub for entrepreneurship and startups, we want to create synergy between the two. So, it's a natural step to set up a fintech program. We offered the first courses for the new pro - gram this year [academic year 2018-2019], are improving the curriculum, and are looking to hire more faculty who specialize in this area.

It is important, however, to stress that as a business school, we want our students to have fundamental knowledge in management,finance and economics before they merge it with technology. That philosophy is reflected in our curriculum design. Our courses focusing on fintech include blockchain, AI, cyber security, and information security. Although we stress the fundamentals, our students are expected to do a lot of hands-on work in terms of programming. AI and machine learning involve a lot of coding, as students in the software engineering course learned.

However, fintech is an emerging field and approaches to teaching it are still developing. For example, looking at our curriculum and those at other schools, so far it's a mix of courses in technology and finance. Some business schools teach fintech as related to finance, whereas there are engineering schools teaching from the perspective of machine learning. That's so-called “physical bonding.” For a fintech program to truly succeed, it needs “chemical bonding” between the two areas. When teaching fintech and finance, technological aspects should also be addressed. When tech people talk about machine learning, they should teach some applications in finance. That's the direction all fintech programs eventually should aim, but it's quite difficult. 

I'll tell you an interesting story about one of my friends, an accountant at Google – not a software engineer. One day, he told his boss that he needed to purchase new accounting software. His boss asked, “Why do you need to buy software? Google is the best software company, and we have lots of good engineers. Ask one of our programmers to make our own accounting software.” The problem is that Google programmers are not good at accounting. Eventually my friend left Google.

I worked for Goldman Sachs, and though the company often talked a lot about fintech, I found financial companies could be conservative in trying new things, a little bit too slow to adopt the technology. Fintech offers a lot of opportunities but it's hard for finance and technology to mix up and bond chemically. That's the main challenge. So, going back to our fintech program at PHBS, we need to achieve that kind of curriculum goal.

A quick, final story on the challenges of developing fintech coursework. I taught blockchain and digital currency. I thought I knew how currency works, how bitcoin works, but I had to learn more and studied a lot to prepare for the course. For example, it is common to search for ideas from other schools' courses, yet I couldn't find anything on blockchain. Developing the course was a painful but great learning experience for me. The students and I learned together, and the students gave me helpful feedback to improve the course.

Q: Do students solve practical cases or do empirical work in fintech?

Choi: We don't really do textbook-oriented things. Fintech is new, and there are no textbooks. So, basically, they work on practical applications. For example, in the AI and machine learning course they used real data, applied the machine learning algorithm, and searched for any patterns in the data. In the software engineering course they created a program to suggest portfolio management. It's a practical real-world example. My course didn't involve much programming. The subject for their final project was surveying real industry, how block chain is used. Looking at what's taught in school and what's done in real life, there is not much difference.

Q: Are there any other universities offering fintech master's programs and are they similar to ours?

Choi: Hong Kong is a financial hub but is being challenged by Shenzhen and Shanghai, so I think its government is concerned about maintaining Hong Kong's status. Thus, schools and government in Hong Kong are working together to set up fintech programs. For example, CUHK [Chinese University of Hong Kong] created a fintech undergraduate course, and HKUST [Hong Kong University of Science and Technology] created a one-year fintech master's program. In these cases, the driving force is the engineering schools, although they cooperate with business schools. Therefore, perhaps they emphasize technology.

I think that one of the things that sets PHBS apart from other schools is fostering students' leadership skills. We see our graduates as future business leaders, and that includes in fintech, whether they work for a fintech company or start their own. So, as they take on leadership positions, we'd like them to have a strong perspective not only on technology but also on company management and determining the firm's technology needs.

Q: There are a number of online fintech courses, including courses offered by MIT and Oxford. What do you think about those online courses?

Choi: My guess is that these online courses are targeted to people already in the industry, either in technology or in finance. When designing our courses, I searched for some information on the web. But these are paid programs, so I couldn't look into much detail. However, the online programs only provide a certificate. These are not degree programs. So, comparing our program to online programs is not an equal comparison. Yet, these online programs' existence tells you the popularity of fintech because people want to use it in their careers. It also reflects an emerging trend in academia too.

Q: While tech giants like Baidu, Alibaba and Tencent have largely fueled the growth of fintech in China, smaller players have emerged in recent years, especially in Shenzhen. Do you think Shenzhen is on track to become a front-runner in this regard? What role can universities and business schools like PHBS play in this trend?

Choi: Yes, Shenzhen is on track. Tencent is definitely the leading company in this field, while Alibaba is headquartered in Hangzhou. Tencent and Alibaba are sharing the market in mobile payment. Shenzhen has a more favorable environment for small startups, too. I'm always surprised at how China quickly adapts to new things. I think the role model for PHBS and Shenzhen should be the relationship between Stanford University and Silicon Valley: Stanford provides talented students, and industry gives them feedback, so they can grow together. So I think we can follow that model.

The only problem is that we are a business school, not an engineering school. Because of that, fintech is important for PHBS. While we can't help with hardware or electronic startups, we can help with fintech startups. Fintech is an important intersection between PHBS and startups in Shenzhen. I hope PHBS will have more interaction with startups in Shenzhen to get feedback on better educating and training students in ways to benefit startups.

One example is that Britain's Duke of York has visited our school twice to promote his venture Pitch@Palace.* We should develop similar initiatives. PHBS has set up the Center for Innovation and Entrepreneurship, which aims to promote innovation and entrepreneurship in the Greater Bay Area, and cultivate innovative and entrepreneurial talent with global vision. Yet, it would be good for PHBS to get involved in the startup ecosystem. We could first start by incubating our alumni's startups and then connect to angel investors who are also our alumni. We can start to take small steps to connect investors together. I hope that these things happen in the future.



[*Editor's note: Just before this magazine went to press, Choi's paper “BitMEX Bitcoin Derivatives: Price Discovery, Informational Efficiency and Hedging Effectiveness” ( click to read ) was accepted for publication by The Journal of Futures Markets.

Pitch@Palace, founded by HRH The Duke of York, is a platform that supports entrepreneurs to accelerate and amplify their ideas. During his visits, HRH acknowledged PHBS's engagement in Sino-UK educational communication and collaboration, as well as entrepreneurship.]


Popular Articles
Latest News
Campus Events
91视频在线免费观看 女子张腿男子桶视频黄的免费 在线播放lpX一471 18禁免费视频无码网站 51社区视频在线视频观看 18禁无遮挡免费视频 初次亮相中文字幕 自拍偷拍 【yy歪歪韩漫免费看】 亚洲一区 手机版 立花美凉加勒比在线视频 亚洲一区 手机版 电影火豆 茄子视频破解版免费版下载 水果视频app下载安装视频 污视频app污网站草莓 看A级午夜电影 青蛙最新短视频 japanの排泄脱粪 四虎官方影库首页 一级A片免下载 西西人体www44rt大胆高清 麻豆沈芯语时间静止 泷泽萝拉AV在线 1314aa 明星换脸在线免费黄视频 四虎免费电影观看 www.柠檬电视 自拍国产网 免费视频分类韩国主播 hg07.live 淫荡少妇 男人的肌肌插曲女人的肌肌 啊…你几巴好大动 嗯啊好大好粗纯白视频 高清侧所偷拍视屏 adc网址在线观看 操保姆逼视频 最残忍的玩弄性奴视频 无需安装任何播放器AV 言教授,要撞坏了在线全文免费 被国家承认的灵异电话 玉米视频 正能量不良网站 女生露胸无遮挡视频 男同大尺度电影手机在线观看 男人桃机桶女人视频 香蕉视频app官网入口 年轻的母亲4完整视频 把人妻玩怀孕无码 水乳交融小说 一个朋友的妈妈中文字幕 在线观看插曲视频免费 国语精品自产拍在线观看 拍拍拍拍无档免费视频 强壮的公么和我在线播放 好男人手机在线视频 可以看特别污的长视频 爸,我坚持不住了 四虎影库 麻豆 律政俏佳人 在线观看 茄子app免费观看软件 4438 4388x C0930 春意视频旧版入口 19maoop 免费5分钟 水果视频网站app下载入口 yy4680私人电视 豆奶视频色版97 spanking 上色的视频网站 冈本哺乳性爱在线视频 牛-AⅤ在线 十分钟在线观看 好男人手机在线视频 操保姆逼视频 韩国演艺圈悲惨世界全集 粉色视频Av 涩涩64 东北女野外啪啪直播 在线免费观看美女自慰视频网站 草榴影视未满18岁禁止在线观看 插曲的视频 尖叫 夜干狼 吉泽明步在线视频 中文字幕2乱码视频 青青草中文韩国伦理片 年轻人在线看国产 1000又爽又黄禁片 吉泽明步在线视频 草莓app最新免费观看 Pearnb .com 强奸视频免费在线看 亚洲av日韩av欧美 久久久久爱 如色坊 baoyu48.co鈥唌 27gan 麻豆传媒视频在线看HD 极品美女直播喷水嘿嘿嘿 草莓视频 APP秋葵 千层浪黄 看A级午夜电影 fg19.xyz 丝瓜草莓视频污免费 C0930 水果视频网站app下载入口 暖爱的视频免费视频 秋裤视频官网下载 md.pud 丝瓜在线视频观看视频 每天干完才去上学 亚洲 欧洲 日产在线 5ggc年龄确认在线视讯 麻豆原创 饥渴少妇勾引男家教在线观看 适合情侣晚上看的污污电影 天堂在线mv 日本一道免费一二区 高清侧所偷拍视屏 偷拍亚洲517VIP 5g秋霞在线 打屁屁视频大全 青青草中文韩国伦理片 国语自产在线观看2020 水咲ローラ无码破解 APP秋葵 犀牛视频 麻豆原创视频传媒 抖音成版人app下载 av高清电影免费 国产 欧美 日产 在线视频观看域名停靠 榴莲视频下载app视频免费 薰衣草社区在线视频 国语精品自产拍在线观看 十大污十大污软件 2019年天天拍天天爽 污污污AV视频免费下载 大像胶依人网 草莓视频18破解版 绳艺吧 国语高清自产拍在线观看视频 女明星毛茸茸的撤尿 4438全国免费 ⅴeDZ 5g秋霞在线 牛-AⅤ在线 老师让我爽了一夜视频 导航直播app官方下载 富二代app官网下载安卓嘿嘿连 麻豆传媒官方网站多少 一本二本三本高清视频在线观看 草莓视屏18 水果视频污黄app 新女厕盗撮合集大全 www.8a050.com 水果视频网站app下载入口 sepapa38 上色的视频 香蕉视频软件app下载入口 正在播放:麻豆传媒映画最新国产 日本一本免费一区二区 丝瓜视频APP官网 爱情动作片免费欢观看 19maoop 最黄20分钟 男生女生做 内部ā片免费观看 成长影院免费视频动漫 blacked在线视频 夜晚影院直播一对—喷出 桃源社区最新手机版 蜜芽TV入口在线播放 污污污AV视频免费下载 AQD网址大全路线 老域名失效请用户记下 夜七狼app下载安装 2019国产天天免费高清视频 md876麻豆传媒沈娜娜 老湿福利院视频 爱呦导航 波多野结衣在线观看无需下载 上色的视频网站 国产普通话乡下三级 8X8X我要打机机 短篇小说500篇视频 一道本无卡视频 婬乱免费视频播放 奸臣电影 暖暖高清视频在线观看动漫 精彩西瓜视频 新妈妈的朋友在线观看 丁香影院