Professor ZHEN explains his topics in five aspects, including the world economy and the financial expectations, the investment strategy under the great cycle, the application strategy of financial derivatives, customer psychology and production design, and the nature of finance.

    Firstly, ZHEN analyses the advantages of economic development in US, Europe, Japan and China, and their development trends and directions in the future, with the point of stock market. He points out that in the next 30 years, the increasing speed of GDP in China will slow down, and in order to steady the economic development in China, the government should adjust the policy of birth control, pay much attention on education, and re-structure the economic and financial system. Then he share his 20 years experiences with students on relations between the global inflation and interest rate and the relation between the international economic situation and the exchange rate. He thinks that the RMB will depreciate and the government should adjust rational strategy to stable the exchange rate.

    In the part of invest strategy, ZHEN shares his observations and analysis with a series of latest cases and financial products to EMBA students. He mentions that every investment has risks, and the psychological factor has influences on decision-making of the investment.

    On the second day, the topic is about the application strategy of the financial derivatives, which is also the important content of this lecture. By comparing the features, the advantages and disadvantages of the feature trading mechanism, he introduces the operation methods of the feature goods and the share options. He also introduces the classifications of the financial products. He thinks that although the financial derivatives cannot create social wealth, it can achieve mutual benefits though cooperation. When preferring to customer psychology and production design, ZHEN also thinks that, when a financial product have been design, you should consider the psychological statement of the customers. The last part is the nature of finance, he concludes what is finance in four words that is cooperation, resource, method, and information. The first factor is cooperation and exchange, by working together, and achieving mutual benefits. As for resource, it must include financial resources, like the world monetary, the development of the financial derivatives. The method means we should act appropriately according to the practical situations. The last one is information, which is also the base for judgement. The information must be accurate and strategic.

    The four-day study is short but full of contents, cases, data and charts. The students are enlightened by ZHEN’s lecture, and they look forward the next lecture.