The First China Quantitative Funds White Paper Released at China International Fair for Trade in Services
September 07, 2022

 

On September 3, the China Private Equity Risk Management Research Center released the China Quantitative Funds White Paper at the 2022 China International Fair for Trade in Services. This white paper is the first of its kind in China to assemble information from the "tripartite viewpoint" of quantitative funds investors, synthesizing the findings of a large body of systematic research undertaken by many experts in the field.

Li Jian, a professor and a doctoral advisor of the School of Finance of Central University of Finance and Economics, director of the China Society for Finance and Banking, and executive director of the China Marketing Association, attended the press conference and delivered a speech. Li Xiaohui, director of the China Private Equity Risk Management Research Center and professor of the School of Accountancy of the Central University of Finance and Economics, provided an analysis of the White Paper at the press conference. Qu Qiang, a professor and a doctoral advisor of the School of Finance of the Renmin University of China, also attended the launch ceremony.

China's quantitative funds have grown at a breakneck pace in recent years, surpassing RMB one trillion in size and becoming a significant player in the country's capital market. Quantitative funds have played an active role in enhancing market liquidity and pricing efficiency. To promote people's understanding of quantitative funds and enhance their risk awareness and risk-management skills, the White Paper extensively introduces quantitative investment concepts, characteristics, theories, and technologies and categorizes quantitative investment strategies from a professional and scientific perspective. It methodically sorted out quantitative fund managers' risk-management framework, compliance operation management process, and risk-management tools for the first time. It also provides insights into domestic and foreign regulatory policies, tax policies, and development trends. Professor Li Xiaohui said, "The White Paper can serve as both a general textbook for investors and a normative guidebook for quantitative fund trading practitioners. It is facilitative to further promoting the sustainable development of the quantitative funds industry and encouraging China's capital market to play a more effective role in optimizing resource allocation."

China Private Equity Risk Management Research Center is jointly initiated by the Central University of Finance and Economics, Beijing Fund Town Investor Education Center, KPMG, Ernst & Young, Deloitte, PricewaterhouseCoopers, and other well-known accounting firms, as well as professional law firms such as Dentons, Junhe, and Global Law Office. It was established to foster an active and compliant industry ecosystem, as well as prevent and defuse financial risks.

After several rounds of discussions and deliberation by the Expert Committee of China Private Equity Risk Management Research Center, industry experts, leading quantitative institutions, and professional service institutions collaborated to finish the White Paper in half a year. In addition to Li Jian, Qu Qiang, and Li Xiaohui, the White Paper's expert advisors also include Hao Ruyu, chief expert and doctoral advisor of the Beijing Philosophy and Social Sciences National Tax Law Research Center, and Liu Shuwei, a researcher at the China Enterprise Research Center of the Central University of Finance and Economics; The editorial board members include Liu Xianlai, partner of Beijing Global Law Office; Tao Jinwei, partner of KPMG's Risk Consulting Group; Kang Jie, managing partner of the China Financial Services Tax Group of PricewaterhouseCoopers; Wang Wei, partner of Beijing Tian Yuan Law Firm, and Zhou Wei, general manager of Beijing Renaissance Era Investment Co., Ltd. Moreover, representative quantitative fund institutions in the industry, such as Lingjun and Jiukun, also participated in the discussion on related content.

At the 2022 China International Fair for Trade in Services, Beijing Fund Town Investor Education Center, a national investor education center, collaborated with strategic partners, including Deloitte Accounting Firm, Tian Yuan Law Firm, China Merchants Securities, CICC Wealth, etc., to provide professional consulting services for investors at the 5-day "Investor Service Reception Day" event. Meanwhile, investor education promotion activities, including the "Fund Talent Challenge" interactive game and "Small Town Investment Talk" short video broadcasting, are also carried out on the spot to provide multi-angle, multi-level, multi-form education for investors and managers, jointly develop a trustworthy and secure ecosystem for the fund industry, and facilitate the development of China's fund sector in a scientific, healthy, and sustainable manner.

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