Mr. Jonathan Sum, Head of The Department of Financial Management and Principal Lecturer, ICBC, HKU, Distinguished Teacher of SPACE College, University of Hong Kong 2018/19
Time is the greatest reformer. Nowadays, the international situation is turbulent, the environment is complex and uncertain, the restructuring of the global economic structure continues to accelerate, and the Chinese economy in the world torrent, in the face of the shrinking power of domestic demand, how should we dismantle the dilemma and find an inflection point? How should we manage our portfolios in order to respond to the impact points of economic factors and risk factors? With the advent of the new year, how should we find a suitable investment direction in the changes in the world economy, step on the rhythm of investment allocation, and make effective deployments?
Mr. Shum Shau Kee, Head of the Department of Finance Management and Chief Lecturer of the SPACE China Business School (IB) of the University of Hong Kong, brought a keynote speech on "Meeting the New Inflection Point of Global and Mainland Investment in 2022", Mr. Shum Shau Kee combined his 15+ years of experience in domestic and foreign financial markets, shared the construction, model and essence of investment thinking, and cooperated with vivid practical cases to conduct in-depth interactive exchanges with on-site students.
Build investment thinking
Grasp the future
China has deepened reform, expanded its opening up, and further integrated its financial markets with the world. In the face of investment, we must remain rational and understand the fundamentals of investment. Through professional and forward-looking concepts, practical and time-effective management methods, we constantly optimize and examine investment behavior, clarify investment purposes, integrate knowledge and action, and establish a correct investment concept.
Through financial management means, we can understand the value of finance and improve the efficiency of management. When making investment decisions in the financial field, it is necessary to understand risk control trends, capital management and market rotation. In this process, there may be "gray rhinoceros" and "black swan" events, so we must understand the market and grasp ourselves, with a forward-looking vision, in order to grasp the future development trend, so risk management is particularly important.
Resolving a crisis is both a challenge and an opportunity
Invest in a way, build an effective portfolio and hedge trading strategies. When the crisis comes, the market panics and goes crazy, even if the crisis is full of challenges, but after the big setback may be an opportunity. Investing, in a way, is waiting, waiting for the trend to grow and end. We will find that a company builds a portfolio, focusing on its market share, the growth of the industry, that is, the intrinsic value of the enterprise.
In addition, in addition to the need for investment, there must be balance, just like eggs can not be put in one basket, investors must also be psychologically prepared, pay attention to the future profitability of the enterprise, but also take into account the market at the same time has a strong volatility, rational treatment of investment behavior.
Big direction, big field of view
Big picture, integrated future
The state plans to achieve socialist modernization in the next 15 years, and China will become a world economic power. In this unprecedented change in a century, we will also usher in more and better investment opportunities. There are many reasons for a company to succeed, but they must contain these three elements: financial management, operations management and organizational management.
In these three categories, we should focus on improving personal strength, presenting multiple work skills, and mastering leadership, so as to help enterprises highlight their corporate value, improve corporate performance, and strengthen the competitive advantage of the team. In many business models, we learn to understand, progress each other, and achieve better self and more valuable enterprises.
Financial investment is like life
Investment is like life, you need to continue to learn and accumulate in practice in order to continue to grow. Under the epidemic, every enterprise also needs to reposition its development strategy.
First of all, enterprises must have a plan, especially a development strategy for the next 5-10 years, in order to have better growth. Do a good job in cost control, trend trading, and find a mode of future survival or development, such as the recovery of the "vitality" of Li Ning Group enterprises, is to continue to explore innovation and reform in the predicament, in order to improve profitability, cash flow continues to improve, and finally turn losses into profits.
Second, pay attention to the circle of ability thinking, and invest within the scope of your familiar ability. Mr. Buffett uses this very well, and his way to success is to act within the circle of ability and learn outside the comfort zone.
Therefore, I also hope that while looking forward to planning the future, we will keep in mind the word "persistence". Once something lasts for six months, there will be great progress, and it is extremely important and meaningful to set long-term goals, what kind of people we want to be and what we can do in the next 10 years.
Combined with the profit-seeking nature of capital, as far as the current international market is concerned, China is one of the major driving forces of the world economy, and the new pattern, new changes, and new ideas will make China's emerging industries and traditional industries the first choice for capital investment, and the stock market will also be a major choice, in other words, investment is only a matter of time, whether it is China's stock market or the real economy, it will usher in more investment and funds. We will usher in a new inflection point and new opportunity for the global and mainland economies, and face difficulties in the new situation of comprehensively building a socialist modern power.