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good morning,ladies and gentleman.welcome to harbin,a beautiful northland ice city of china.i’m abc,from school of economics and management of hit.its a very very great pleasure to participate in the 5th international finance conference as the chairman,its my first time to do so.and i really really enjoy being stay here with you this morning.the international finance conference has been held 4th times by cfa institute since 1998. the purpose of the conference is to share our experiences and knowledge in regard to the theory, frontier developments and reaserches, as well as possible applications

of them in solving practical problems a lot of current issues have been discussed,and some of them have been effectively soluted..

today,as the first time of the conference debut in this city,we’ll have a unique session.the topic of prepared presentations is the application of quantitative methods in finance ,today’s speakers will share their thoughts on how to effectively run models in different issues and give a reasonable answer.then,we’ll have a q&a session,which allows the everyone to ask some questions you may be interested. i am sure that you will find some topics to be presented both interesting and informative. now,let me introduce the first speaker,who is very very rich,not in dollars,but in knowledges and experiences,he got his ph.d in financial economics at the ucb,followed by a series

of teaching and research positions at mit and harvard. please dont hesitate to join me in welcoming our first speaker, prof.syc, whose topic is entitled threshold effect between the scale of shadow banking and the stability of the banking system. welcome.

thank you for the impressive speech .as far as we konw,shadow banking system played an important role in the last financial crisis mainly derived from its high leverage and asymmetric information characteristics.which produced a supervision dilemma.because lack of information, regulators were unable to measure the actual risk of the financial system.it is crucial for to take a further knowledge of approaches to gauge the risk exposure more entirely and more precisely.prof syc has given an eye opener as well as a very meaningful lesson.thank you again,prof syc.

plz alow me to introduce the next speaker, wusiqin,who is the corporate department manager of china construction bank in harbin. she holds a bachelor degree of science in engineering of hit,she also holds a master of business administration of renmin university of china.her topic today is coordinated development trend of china’s science-technology finance and economic growth level.lets welcome miss wu.

thank you for your speech,miss wu. we are delighted to be able to share your new specific strategies and techniques. miss wu’s speech is about frontier science,which is profound and predictive,greatly widen our horizon,as least my horizon. anyway, i would like to express to her the most sincere appreciation

the next speaker,mr.jxs, has hosted a daily tv program with respect to economic

issues on the https://www.docsj.com/doc/b28772665.html, and has appeared on cctv,who is also the author of an upcoming book named .so to speak to you on innovation

capability of high tech enterprises by gray theory, please weclome mr jxs with the warmest applause.

wow what an innovative idea,to quantify the inonovation ability and classify into different categories. try to think about it and you’ll find its very enlightening. thank you for the excellent presentations and ideas.

now,i ll be very pleased and excited to introduce the next speaker,mrs hujianjie,who is the vice president of cfa institute.to represent the sponsor host unit ,it’s the fifth time for her to be the final presenter.her breadth and depth of knowledge,profound discoveries and distinctive ideas always cause shock at the conference.today,mrs hu will address you

on relationship between stock liquidity and asset liquidity of listed companies,i cant wait to her inspiring ideas. welcome!!!

thank you very much for the extremely enlightening presentation. generally,we wanna investigate the correlation of asset liquidity and stock liquidity, thereby linking stock liquidity to corporate finance decisions.but the relationship between asset liquidity and stock liquidity is ambiguous.in her speech, mrs hu introduce a useful model to explore the ambiguous relationship,which may shed new light on the importance of firm’s investment and financing decisions.

ladies and gentleman,our distinguished speakers hv finished their presentations,we now enter into the question and answer session.during this session,prof.syc,miss.wu,mr.jxs,mrs.hujian jie and i will be very happy to answer as many of your questions as we could.

are there any questions?

ok,well,i m sorry to say that this session will have to stop here.thank you for your questions.i hope this was as good a session for you as it was for us.

ladies and gentlemen,

i shall end here by thanking you for coming to the the 5th international finance conference. i hope that you have benefited much from the conference and from discussions with colleagues.

i would like to thank mrs.hu and the cfa institute for offering me the opportunity to be the chairman.

thanks to everybody who has contributed to the conference and all other participants.thank you for your time and attendance.

ladies and gentlemen, you have my best wishes for your still greater achievements in your career. now, i declare the conference closed.lets meet again in

beijing in 2014.

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Good morning, ladies and gentleman. Welcome to Xian, a beautiful city of China. I’m Xinpei Zhang. It is a great pleasure to participate in the Mathematics Conference as the chairman. And I really enjoy staying here with you this morning. The Mathematics Conference has been held 4th times by Shaanxi Normal University since 2008. The purpose of the conference is to share our experiences and knowledge in regard to the theory, frontier developments and researches, as well as possible applications of them in solving practical problems. A lot of current issues have been d i s c u s s e d,a n d s o m e o f t h e m h a v e b e e n e f f e c t i v e l y s o l v e d. Today, as the first time of the conference debut in this city, we’ll have a unique session. The topic of prepared presentations is Mathematics. Today, speakers will share their thoughts on how to effectively run models in different issues and give a reasonable ,we’ll have a Q&A session,w hich allows the everyone to ask some questions you may be interested. I am sure that you will find some topics to be presented both interesting and informative. Now,Let me introduce the first speaker,who is very very rich,not in dollars,but in knowledges and experiences,He got his in financial economics at the UCB,followed by a series of teaching and research positions at MIT and Harvard. Please dont hesitate to join me in welcoming our first speaker, , whose topic is entitled threshold effect between the scale of shadow banking and the stability of the banking system. Welcome.

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