After reading the value of finance, 100 words

"The Value of Finance" is a book published by , The price of this book is: , Number of pages: , I have carefully compiled some readers' comments from the Internet, I hope it will be helpful to everyone.

Thoughts after reading "The Value of Finance" (1): Understanding and thoroughly understanding the adjustment logic and value in the financial field is necessary for survival

In today's social life , the influence of finance is everywhere, and at the same time, finance and economy are inseparable. It can be said that the financial field, which is closely related to everyone's life, wages, deposits, financial management, consumption, etc. are all aspects that people always pay attention to. .

Although the financial atmosphere that everyone can feel is only a limited perception, in fact, the entire financial field is a huge management system. Looking at the trend from a macro perspective and looking at the logic from a micro perspective, each Every adjustment is targeted, and every action has its specific meaning. This is a rigorous and important field that demonstrates the value of finance.

"The Value of Finance: Reform, Innovation, Supervision and Our Future" written by Peking University professor Huang Yiping is a book based on detailed research on the trends, systems, innovation, supervision and risks of the financial system. Professional reading material on financial economics. Understanding certain financial knowledge can bring huge benefits to our lives.

From the industrial revolution to the information age, and then to the upcoming all-round digitalization process, the development of human civilization has entered a new stage. Correspondingly, policy adjustments in the financial field are also proceeding simultaneously. Human society is a complex and ever-changing system that is related to all aspects. The key to the value of finance is whether it is in line with the current social form and development trends. It is no exaggeration to say that every move in the financial field deserves our more attention.

Digital finance, innovative finance, and technological finance are very popular terms nowadays, representing the trend and direction of the financial field's forward development. But equally important is whether the actual development in the financial field can complement the interests of people's actual lives today. A slight adjustment in financial policy may have a huge impact on a certain sector, such as the issuance of RMB, adjustment of deposit interest rates, changes in financial payment methods, etc. At the macro level, financial policy adjustments are real-time and will inevitably change with the actual dynamic development of society. People need to pay attention at all times in order to adapt to these adjustments to the maximum extent and then change some of their own ideas and thinking. Vital interests must be important.

Another point that requires special attention is the risk management and control issue in the financial field. Especially in recent years, the risk of economic downturn has increased. Thunderstorms in the financial field are everywhere, including defaults, runaways, and losses. Ruthlessly devouring the investment and financial management funds of ordinary people, the superposition of various financial risks amplifies these risks and influence. Although this is a common phenomenon in the financial system, these risks and losses can be avoided to the greatest extent. For people is crucial.

In the future, the development of the financial system will be characterized by diversity, social division of labor will become increasingly detailed, and people’s material lives will become richer. The corresponding financial value expression will become particularly important. However, it is necessary to understand and read through the various adjustment logics and values ??in the financial field. This is the most important necessity for survival.

Thoughts after reading "The Value of Finance" (2): Finance is one of the greatest economic innovations in human history

The Central Economic Work Conference will be held from December 8 to 10, 2021 Held in Beijing, the meeting pointed out that my country's economy is highly resilient and its long-term positive fundamentals will not change. At the same time, my country's economic development is facing triple pressures from demand contraction, supply shocks, and weakening expectations. Under the impact of the epidemic of the century, changes in a century have accelerated, and the external environment has become more complex, severe and uncertain. The new challenges encountered by my country's economic development are intertwined and superimposed. The meeting made it clear that stability is the top priority and making progress while maintaining stability shows that the top priority of economic work in 2022 is to achieve "dual stability" of the macroeconomic market and the overall social situation. To this end, it is necessary to maintain policy continuity, stability and sustainability.

The stability and development of the financial market is not only related to the success or failure of the country, but also closely related to the daily life of each of us, including income growth, price levels, deposit interest rates, investment returns, tax policies, etc... Why is finance important? What logic does it operate on? How does it affect the country and society?

The new book "The Value of Finance" written by Huang Yiping, Jinguang Chair Professor at the National School of Development at Peking University, Director of the Digital Finance Research Center at Peking University, and Chairman of the Academic Committee of the China Finance Forty Forum, will answer the above questions for readers. The book provides an in-depth analysis of the value of finance to the country, society and individuals, explains the reform, innovation, risk control and supervision of the financial system, and analyzes the future development trend of finance. In this era of increasingly fierce financial trends, the book Better understand the current situation and grasp the future.

The book*** is divided into eight chapters. The first chapter mainly analyzes and summarizes the characteristics of China's economic development at different stages; the second chapter focuses on reviewing the process of China's financial reform and development; the third chapter , Chapter 4, gives the author’s views based on the direction of finance supporting the real economy and financial innovation promoting economic development; Chapters 5 and 6 discuss the prediction of the future development of digital finance and digital currency; finally, Chapters 7 and 8 re- Return to financial supervision, prevention and control of financial risks and lessons learned over time.

Since my country began its economic reform planning in 1978, we have been trying to find the most suitable financial development model for forty years. On the one hand, we started almost from scratch and re-established a huge financial system, from commercial banks to the gradual establishment and improvement of capital markets; on the other hand, the financial system is also constantly market-oriented, from capital allocation to pricing, the role of the market is getting bigger.

Although there are many comments from the outside world that the reform is not thorough enough, the results show that China's financial reform generally follows the principle of "pragmatism". Although the exploration and experiment of "crossing the river by feeling for the stones" may not be thorough, it is in line with the needs of the times and national conditions, and the actual results are also very good. From the underlying logic and historical background of financial operations, the author summarizes the gains and losses of China's "dual-track" financial reform over the past few decades, and also makes bold predictions and suggestions on future financial development trends and risks. Finance may be one of the greatest economic innovations in human history. It makes division of labor and economies of scale possible, thus greatly promoting the process of economic development. A correct understanding of financial rules allows us to keep up with the pace of the times and national development, gain insight into the rapid changes in the market, and gain first-mover advantages.

Thoughts after reading "The Value of Finance" (3): Taking advantage of the situation, value emerges - reading "The Value of Finance" at night

After a busy week, I accidentally By chance, I got this new book by Huang Lao in the evening. After reading it in one sitting, my mind was clear and hearty - this should be the joy of talking to the book.

Today, experts in China’s financial and economic fields may be experiencing excessive “inflation.” You can see many well-argued and righteous opinions in Zhihu, Bilibili, Douyin, and public accounts. If I believe them all, maybe I think China will collapse and dominate the world again, and the United States will decline, and then It's time to rise. Many articles start with quotations from classics and provide a biased analysis of an event, but the conclusions and opinions on the issue are clichés. Everyone has their own reasons. Even if you look closely, it is difficult to increase your own insights. However, many industry leaders are very good at using formulas and models, but they lack clear insights into the specific issues of China, making it difficult for people to get close to them.

So, when I read "The Value of Finance" by Professor Huang Yiping, I was particularly surprised. This book has just been published. The core content is to start from the previous financial reforms and economic and social development since the reform and opening up, and explore today's and future financial reforms and innovations. The book starts from the author's feelings and analysis when he participated in the unified marketing and purchasing of farmers' grain in the countryside when he was young. It analyzes how a country like China has used financial and monetary means and gentle taxation to achieve the rapid development of our early capital since the beginning of history. Accumulation has also shaped China's special financial development system. The entire book takes the changes in the proportion of different subjects in the current financial system as the main line, strings together various phenomena that are difficult to understand directly in the financial market since the reform and opening up, and provides a persuasive explanatory framework that can also be combined with Chinese culture. combined with national characteristics.

From my personal point of view, it is always a blessing to be able to read this kind of financial reading that has both a macro vision and a theoretical foundation and can pay more attention to practical issues today. It feels like seeing the sun through the clouds. There is a game between management and development behind seemingly illogical phenomena. I have to admire the author's profound insight and innovative ingenuity.

Throughout the book "The Value of Finance", we can see Mr. Huang's deep pride and long-term expectations for the current development of digital finance in our country. Today, the Japanese are still using cash, Americans are still writing checks, but the Chinese are already using mobile payments. Why can our digital finance develop by such leaps and bounds? Perhaps you have read professional analyzes by many authors, and in this book, Huang Lao uses the example of "building the Great Wall and steam engines" to illustrate that the essence of the reform of the financial model is a realistic requirement for economic development increment, which also explains why as A big government that has implemented financial repression policies for a long time, a country that seems to be conservative for a long time, and a "starter" in the financial field, can be at the forefront of the world and trigger a profound social revolution in the process of transforming the current economic development model. This is because our society has new needs for incremental changes, which has led to the emergence of new financial means. It is precisely these new means that can solve the key issues of inclusive finance, that is, how to effectively acquire customers and Setting accurate interest rates is essentially a problem of risk pricing (which is the familiar accumulation of big data, cloud computing applications and our daily online consumption behaviors). At this moment, I felt that I was not reading a financial book, but a Chinese book "Guns, Germs and Steel", which examined China's history and present from a financial perspective.

This is not the only highlight of this book, such as the study of the stance of our financial regulators and the "policy tendencies" based on institutional interests, and the "cautious optimism" about digital currencies. The writing of articles such as analysis and suggestions on the characteristics of "Platform Economy and Monopoly" can be based on classics. Combining Chinese and Western elements, it can be said to be a masterpiece for understanding China's financial development stages and policies.

Finally, Professor Huang Yiping himself is also a very interesting person. His lectures and courses can be found on Station B. He quotes classics and classics in class, and is very knowledgeable and interesting. He also sincerely reminds everyone that “you can’t make money by learning this.” Even just to "complain" about the large number of people who came, I specifically talked about two lectures on Wall Street with too many people and the subsequent economic crisis, which made it difficult for people to regard this course as rigorous teaching at Tsinghua University. Rather, it is like a gentleman sharing his experience and insights with his students. A humble gentleman, as gentle as jade.

I am not a financial professional, so it is inevitable that I will miss out on everything. It is really a personal pleasure to recommend this book. Although the writing of this book is fluent and the knowledge background is explained in detail, the content is mostly transformed from speeches, with some repetitions between chapters, and the system is slightly weak. Fortunately, as long as you go deep into it, you can understand its essence. I hope you will read it often, and I highly recommend it.

Reflections after reading "The Value of Finance" (4): What is Finance

The book "The Value of Finance" focuses on answering what finance is, and introduces finance as a subject, As a realistic tool, the present and future clarify the status of finance in contemporary social life and possible problems, and finally clarify the question of what the value of finance is. The whole book is actually a collection of the author's speeches, comments and other articles from different periods. It is inevitable that there will be overlap in content, but the overlapping issue is precisely the most urgent issue under the theme of "finance" and the most difficult issue in economic life. Therefore, in general, this book is helpful for beginners to understand what finance is, and for economic life participants to grasp important areas of the development of contemporary my country's economic life.

The relationship between the two concepts of economy and finance in real life is confusing. Are they parallel or subordinate? In fact, understanding this issue is also a necessary part of understanding what finance and even financial value are to a certain extent. Economics studies how to achieve effective allocation of resources, while finance focuses on how to achieve effective allocation of capital. In this sense, finance is a branch of the economy.

However, with the development of the economy, the initial object of financial services, namely industrial capital, gave way to financial capital. Although finance still solves the problem of the effectiveness of resource allocation, the resources here have been transformed from the original industrial capital into their own interest-bearing nature. Financial capital and finance have gradually begun to separate from the economy and become a field with (one can even say) more vitality. This kind of change is actually not uncommon in the economy. Similar to finance and economics, foreign exchange and international trade have also experienced similar developments. What has naturally evolved from this is the impact of international trade and international finance on the international economy. Returning to this book, it is this change in the relationship between finance and economy that leads to the first question frequently mentioned in this book: whether finance serves the real economy. This problem is not unique to our country’s economy. In fact, after the subprime mortgage crisis in 2008, the world was reflecting on the relationship between finance and economy. For a time, there was “hollowing out of industry”, “shifting from reality to virtuality”, “disintermediation”, etc. The words appeared frequently in major media newspapers, causing an upsurge in financial discussions among ordinary people. But as this book says, whether finance serves the real economy can be summarized as a more specific issue in our country at this stage, that is, the difficulty and expensive financing of enterprises (especially small and micro enterprises and private enterprises). This is the second question this book raises in understanding what finance is.

In order to understand this problem, we need to look back at the financial systems of developing countries. The financial repression problem raised by Professor MacKinnon is a common problem in the financial systems of developing countries. In order to solve this problem, various developing countries Countries have carried out financial liberalization characterized by financial deepening or financial development, and my country is no exception. Of course, as this book says, financial repression has done more good than harm to my country's economic development since the reform and opening up and even to the beginning of the 21st century. However, the law of contemporary economic development in which financial capital precedes industrial capital and financial innovation guides industrial innovation determines the need for financial development and financial innovation in my country's future economic development. Solving the two problems of enterprise financing difficulties and expensive financing is the key.

The solution to these two problems depends on both the continuous deepening of reform and financial innovation. From this, this book goes deep into the latest manifestations of the deepening development of my country's financial system at this stage. On the one hand, it is to deepen financial market-oriented reform, and on the other hand, it is to adhere to financial innovation and development focusing on digital finance. Although these terms seem rather difficult to pronounce, they actually happen in our lives. This may be the charm of modern finance: it can be a seemingly distant and bloody asset market, or it can be convenient mobile payment. Of course, it is precisely because modern finance is so close to ordinary people and its impact is so huge that the importance of financial supervision is increasing day by day. It is the interaction between financial innovation and financial supervision that promotes the overall development of the financial system. The positive interaction between the two is also the key to the reasonable development of the financial system.

At this point, the author has shown us a comprehensive and vivid picture of what finance is, especially the development history, current situation and future of our country's financial system. Back to the original question, what is finance. Reading the whole book, we can find that the financial system at the beginning of its birth served the economic system and was a key link in the effective allocation of resources restricted by economic activities; today this role is equally important, but as the independence and creativity of finance itself continue to strengthen, finance has also It is increasingly becoming an independent link. The transformation from subordinate relationship to parallel relationship makes us pay more attention to the financial system and the overall impact of the interaction between the two on social life. ’