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The First Chinese University Fintech Case Competition Was Successfully Held

Time: 2019-08-19 16:30 Print

On August 16, 2019, the finals of the First Chinese University Fintech Case Competition (hereinafter referred to as “the competition”) came to a successful conclusion at Tsinghua University PBC School of Finance (PBCSF). It was sponsored by 33 colleges and universities, co-sponsored by Institute for Fintech Research (THUIFR), Tsinghua University and Fintech Education and Research 50 Forum. weiyangx.com helped organize the competition.  

The competition has lasted for nearly two months and undergone three phrases of online registration and materials review, preliminary contest, summer camp and finals with more than 160 teams from 50 universities across the nation involved in. Based on the results of materials review and case duplicate checking, over 80 teams won out the preliminary contest and scored by the organizing committee and judging panel. In the end, 64 candidates from 16 teams have reached the finals to take part in the summer camp events and final defense in Beijing.

From August 14 to August 16, the summer camp of the Competition finals was held in BTG Fragrant Hill Hotel and PBCSF. Liao Li, Chair Professor of Finance and Executive Associate Dean of Tsinghua PBCSF, Wu Weixing, Professor of School of Banking & Finance and Dean of Graduate School of the University of International Business and Economics, Yin Zhichao, Professor and Dean of School of Finance, Capital University of Economics and Business, and Han Liyan, Professor of School of Economics and Management, Beihang University and other co-directors from the organizing committee and judging panel gave brilliant lectures to the students present.

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Professor Liao Li

With Global Fintech Innovation and Development as the theme, Liao Li introduced the international and domestic historical background and opportunities for Fintech development. Focused on InsurTech, Mr. Liao illustrated the new-type insurance companies with lowering risk probability as the operating model, and analyzed in detail the challenges and opportunities faced by such enterprises. He also emphasized the importance of new operating model and data advantages to a technology company.

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Professor Wu Weixing

With Financial Demonstration and Analysis as the topic, Professor Wu Weixing summarized the relation between demonstration and theory, and introduced the methods and logic including principal-agent problem for SOEs to go public, split-share reform, international relations and economic and financial performance adopted by domestic and foreign scholars in their study of China's capital market published in top-tier journals. He encouraged students to earnestly make intellectual enquiries and to seek truth through demonstration.

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Professor Yin Zhichao

Professor Yin Zhichao vividly showed students the way to find macro rules based on micro data in his lecture of Study on Financial Behaviors of Chinese Families. By taking the consumption data collection and analysis of Chinese families as an example, he stressed that learning is the prerequisite for research. Moreover, he hopes that China's contemporary teenagers put up with the right questions rooted in reality and make study beneficial to the society with due social responsibility.

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Professor Han Liyan

Concentrated on Fintech and Artificial Intelligence, Professor Han Liyan divided Fintech into financial demand and technology supply with the solution to financial pain points as the orientation while emphasizing the features of technology as the supply end. With the application of algorithms such as knowledge mining, approximate reasoning and random forest in financial sector, Han explained the profound in simple terms that technology could play a significant role in the financial field.

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From left to right are Yuan Yulai, Ren Bin and Chen Ye respectively

Mr. Yuan Yulai, founder and CEO of Licaimofang, Mr. Ren Bin, founder and CEO of Insgeek, Mr. Chen Ye, founder and CEO of Tigerobo shared their understanding and insights of Fintech sector based on their own practices as representatives of Fintech start-ups.

The finals of the competition officially commenced in the afternoon of August 16. Professor Wang Changyun from Hanqing Advanced Institute of Economics and Finance, Renmin University of China, Professor Tan Songtao, Deputy Dean of School of Finance, Renmin University of China, Professor Li Jianjun, Dean of School of Finance, Central University of Finance and Economics, Professor Wu Weixing, Dean of Graduate School of the University of International Business and Economics, Professor Li Yan from Renmin Business School, Renmin University of China, Professor Li Ping from School of Economics and Management, Beihang University, Wang Zhengwei, Assistant Professor and  Associate Dean of PBCSF, Mr. Yuan Wei, CEO of Daokoujinke and Mr. Yuan Yulai, founder and CEO of Licaimofang served as juries for the finals. Following the sessions of defense and jury Q&A and based on case report writing and on-site defense performance, 1 team for the first prize, 3 teams for the second prize, 6 teams for the third prize and 6 teams for the winning prize are selected. Juries also awarded certificates of honor to the prize-winning teams.

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As one of the series of activities launched by Fintech Education and Research 50 Forum, the competition targets college students to conduct comprehensive research on selected Fintech growing and innovative enterprises from the perspectives of industry profile, business model, core competency and domestic and international competition. The competition aims to provide an excellent learning and practice platform for college students. With in-depth analysis of Fintech cases and insight into Fintech evolution, interdisciplinary integration will be promoted and students' understanding, research and analyzing capability of the sector will be greatly enhanced.