Basic Finance Tutorial - Intro

 

Finance Penetrates Every Aspect of Life

· Wealth‑management

· Education

· Insurance

· Banking

· Employment

· Investing

· …


Yet It Is Still a Game for a Elite

· Complex mathematical models

· Obscure terms

· Result: more and more money falls into in fewer hands


The Essence of Finance

· Toolkit

· Time‑machine: you buy future value

· Life lever—high risk, high return

· Incubator—shared risk


LETS Embark!!!

评论

发表评论

此博客中的热门博文

Week 5

图片
  Five Major Banks · ICBC, ABC, BOC, CCB, BoCom 40 % assets · State‑controlled · Deposit stickiness · Long history, strong absorption Joint‑stock Banks · Flexible shareholding, differentiated · Credit card — CMB · SME loans — CMBC · Personal services choose JSBs City Commercial Banks · Rely on local economy · Local‑gov holding · Weak deposit, aggressive WMPs Deposit Insurance · Prevent run: ≤¥500k fully covered · Finance relies on confidence & expectation Interest‑rate Marketization · Market sets rates; gov guides via policy Lender of Last Resort · Central bank ends panic · Bagehot: good collateral + penalty rate Blockchain Technology · Distributed immutable encrypted DB · Cuts info asymmetry, lowers cost · Promising but not yet fully landed
阅读全文

Basic Finance Tutorial - Week 2

  Chinese Economic System ·  Central monetary‑fiscal system (originated in Qin Shi Huang, emperor in Qin dynasty) ·  Strong mobilization, easy capital concentration ·  Only imperial credit, lack of private credit Western Economic System ·  Bank‑centered decentralized checks‑and‑balances credit system (origin: Knights Templar in Eu) ·  Banks and securities markets arose with commerce ·  Exists private credit and a complete financial system “Middlemen” in the Market ·  Finance trades credit, invisible and intangible ·  Information asymmetry is serious ·  Intermediaries (central bank, commercial bank, securities) reduce asymmetry Extension — Alibaba’s Rise & Alipay 1 Product of the Digital Era ·  Economic boom, trade volume increased, market enlarged ·  Started with B2B marketing; when scale saturated no need for middleman ·  Taobao launched, switched to C2C ·  Captured huge blue‑ocean market (C2C & B2C) ·...
阅读全文