On the morning of 16th November, the Alumni Association of the Business School of Central University of Finance and Economics (CUFE) and the Finance Club of CUFE successfully held a very in-depth and forward-looking alumni salon activity. Dr Wang Zhengguo, Co-Head of Fixed Income Research Service Department of CITIC Securities, was invited to bring a knowledge feast to many alumni of CUFE Business School with the theme of ‘Challenges and Responses in a Low Interest Rate Environment - Taking Japan as an Example’. Yang Zhongying, Deputy Secretary of the Party Committee of the Business School of Central University of Finance and Economics (CUFE), and Professor Zhou Weizhong, Director of the China Enterprise Research Centre of CUFE, Professor and Doctoral Supervisor of the Business School, participated in the salon and listened to the lecture together with the alumni, which created a warm atmosphere and a strong academic atmosphere at the scene. The salon was hosted by Zhang Geng, President of Business School Alumni Association.
Dr Wang Zhengguo, the keynote speaker of the salon, graduated from Meiji University Business School in Japan, and with his profound academic attainments and rich industry experience, he has made remarkable achievements in the fixed income field of CITIC Securities. He is not only responsible for macroeconomic and policy analyses, interest rate trend research and other core research work, but also participated in many important research topics of government departments and regulatory authorities, and has many research results published in the industry's top journals and won numerous awards, and his professional insights and research results have a wide range of influence in the financial sector.
Dr Wang Zhengguo's informative and logical lecture provided an in-depth analysis of the causes and impacts of the low interest rate environment. He first pointed out that the downward trend in interest rates stems from two key factors: low inflation and asset drought in the bond market. At a time when the global economic landscape is evolving, these two triggers are intertwined with each other and have a profound impact on the financial markets and economic direction of various countries. Dr Wang then elaborated on the economic outlook and market projection, analyzing in depth the contrast between weak reality and strong expectations, revealing the complexity and uncertainty of the market under the current economic situation. From a longer term medium to long term dimension, Dr Wang Zhengguo emphasized the far-reaching impact of the three major concerns, namely population, technology and leverage, on economic development. Using Japan as an example, he discussed how investors should allocate assets in a low interest rate environment and proposed the strategy of debt before equity, which provided alumni with highly valuable investment ideas and decision-making references.
The wonderful lecture won the warm applause of the alumni present. After the lecture, the alumni were enthusiastic and had in-depth exchanges with Dr Wang Zhengguo on asset allocation in a low interest rate environment, comparison between China and Japan, and other issues of concern. Professor Zhou Weizhong also had an in-depth discussion with Dr Wang Zhengguo on the important topic of how to support the development of SMEs in a low interest rate environment. The collision of both sides' thoughts brought multi-dimensional thinking and inspiration to the alumni. The whole exchange session was interactive and unending, which fully demonstrated the high enthusiasm and active exploration spirit of the alumni of China Finance Business School for academic research and industry practice.
The successful holding of this alumni salon not only provided a rare learning and communication platform for the alumni of China Finance Business School, but also further highlighted the positive role of the Central University of Finance and Economics Business School Alumni Association and China Finance Finance Club in cohesion of alumni strength and promotion of academic exchanges and industry development. Looking ahead, the Alumni Association of the School of Business will continue to work with the Finance Club of the School of Business, uphold the tenet of serving alumni and contributing to the society, carefully plan and organize more colorful and high-quality alumni activities, set up a broader platform of exchange and cooperation for alumni, help alumni continue to innovate and develop in their respective fields, and contribute to the progress of the financial industry and the economic and social development of China University of Finance and Economics with more wisdom and strength.
