The destination of the Second Arete Enterprise Visit of this semester was the Investor Education Centre of Haitong Securities. Ms. Chen Qing, Investment Education of Haitong Securities, introduced that the Chinese securities market is dominated by small and medium-sized retail investors, who have financial needs but do not necessarily understand securities:
Most investors have not gone through this step of financial education and have crossed directly to the capital market to make money and to do stocks, which presents three problems. Firstly, the investor will be blind; secondly, he does not know where the risk points are; and thirdly, his financial knowledge base is inadequate.
▲▼ Haitong Investor Education Base teaches investment knowledge with interactive quizzes and AI robots.
To this end, Haitong Securities has set up a 300 square metre Investor Education Centre in the heart of the city, dedicated to providing basic financial education to rookie investors, popularising financial knowledge, revealing investment risks and helping investors to master their rights.
▲▼ Ms. Chen Qing introduced Haitong Securities.
With nearly 30 years of experience in the industry, Ms. Chen introduced to Arete students the historical process of China's capital market changes since the reform and opening up. As we crossed the river by feeling the stones, China's financial market became more and more regulated and rational in the midst of ups and downs, which was reflected in the establishment of relevant regulations and laws on the one hand, and the growth of investors' financial knowledge on the other.After listening to the history of the development of finance in China, a student asked, "Is the financial market a zero-sum game?" He argued that "many financial practitioners nowadays are just purely engaged in money, and are not fulfilling the various functions and contributions that finance is supposed to make to society".
Ms. Chen replied that finance should have been built on the basis of the development of the real economy, providing financial support for the real economy. The capital market is essentially a blood transfusion for enterprises, serving as a mechanism to discover the direction of society's advancement, as well as a mechanism to undertake innovation and explore risks. Of course, speculation cannot be avoided in this system, and Haitong Securities' Investor Education Centre is intended to help investors establish the concept of value investment, rational investment and long-term investment through knowledge dissemination and risk disclosure.
▲Students, who has done sufficient research before, raised up the questions they care most.
Arete students also asked about the difference between public and private equity funds; the difference between the front, middle and back offices of securities firms; and what competencies and specialisations securities firms look for when recruiting talents. Ms. Chen also gave detailed answers to each of them, and everyone gained a lot.
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