Much has changed in global financial markets in 2017. Historically high valuations in overseas markets are coupled with a turning point in global monetary policy and an increasingly complex geopolitical environment. At home, the 19th National Congress set new tasks and goals. "Preventing and defusing major risks" was included in the list of three key battles we must fight firmly to complete the building of a moderately prosperous society. It also made clear that we must "hold the bottom line of no systemic financial risks", ushering in a new era for the financial industry.
Against this backdrop, Wall Street Insight has launched the first native finance list in China's financial sector and held an award ceremony in Shanghai last week. The selection of financial leaders focuses on excellent institutions and products in domestic and foreign financial markets, aiming to select excellent institutions, products and industry leaders from the perspective of the industry, discover the real financial leaders, provide valuable reference models for the industry, and continue to drive the development of China's financial industry.
Present at the awards ceremony are: Xiaopeng Wu, founder of Wall Street Insight; Chengqi Gu, president of Wall Street Insight; Ouyang Hui, finance professor of Cheung Kong Graduate School of Business and EMBA Academic Director; Qing Ma, Chief Economist of IIF China; and representatives of various award winning institutions.
On the day of the event, guests shared their wisdom on the current financial market. Let's review:
Wu Xiaopeng, founder of Wall Street Insight: The leader must be to lead innovation and change, lead value creation and responsibility.
In the age of information globalization, China's financial market should also be involved in the process of global financial market. "The only way to get ahead in the marketplace is to continue to lead innovation and change, and if you lead something, you grow, you become a leader, and as the leader becomes more influential, you have to take on more responsibility."
Ouyang Hui, Professor of Finance at Cheung Kong Graduate School of Business and Academic Director of EMBA: A leader should do a good job of risk control for himself, for clients and for the country.
"The most important core of risk is the founder of the enterprise, the CEO must understand the core technology, not only by macro, not by technology". In Ouyang's opinion, the top 10 companies in China's A-share market by market capitalization are Industrial and Commercial Bank of China, China Construction Bank, petrochina, Ping An Group, Agricultural Bank of China, Bank of China, Life Insurance, Moutai, China Merchants Bank and Sinopec. The market value of the service is even lower than that of the service. The top 10 companies in the United States include Apple, Google, Microsoft, Amazon, Shell Oil, Facebook, Buffett, Tencent, Alibaba, Johnson & Johnson, and there is not a single financial institution among them! "If we really want to realize the great rejuvenation of the Chinese nation, we must promote the development of technology companies. Financial institutions are good, but the 10 major companies are all financial institutions, which is not healthy. The next step is how to promote the development of technology companies. Another is how to avoid the occurrence of financial crisis, housing prices should be stable, the stock market requires stability. Third and most important, control capital outflows. The fourth dimension is that financial services serve the real economy. Ouyang Hui believes that only in four aspects can a leader be called a leader. A leader should do a good job in risk control of his own, customer risk control, risk control for the country, and financial services to the real economy.
Ma Qing, Chief Economist of IIF China: About China's financial market, China's financial industry, the influence of financial institutions in the global capital market is far from the second place in the world.
Ma Qinghui, chief economist for China at the Institute of International Finance, said that China's economy is now the second largest in the world, and its global economic influence far exceeds that of Japan in the 1980s. China's GDP of 8.5% is higher than that of any other country in the world, which shows how big the Chinese financial sector is. However, the influence of China's financial industry and financial institutions in the global capital market is far from the second place in the world, even far less than that of Japan's financial institutions and financial industry. Not even close to the influence of Japan's financial sector on global capital markets in the 1980s. "With the development of Chinese financial institutions in the next few years, when domestic financial media not only send overseas information to China, but also send domestic information to the world, then we can set up a Lujiazui news, then we can truly become the world's second."
About the selection of financial Leaders in 2017
A total of 426 companies participated in the 2017 Financial Leaders competition, which was organized by Wall Street Insight and started in August. As the first "native" financial evaluation in China, the 2017 "Financial Leader" evaluation for the first time combines enterprise evaluation data with big data analysis, and is committed to a comprehensive evaluation of enterprises and their products, no matter from the performance, users, products, brand, marketing and other perspectives.
Here are the winners of the 2017 Wall Street See Financial Leaders Awards:
