I. Basic information
The Research Center for Financial Innovation and Financial Engineering of Wuhan University of Technology was founded in 2012, mainly relying on the Department of Finance of the School of Economics and the research team in charge of Prof. Wang Renxiang, with 17 researchers, including 7 professors and 7 associate professors.Prof. Wang Renxiang is the director of the research center, and Prof. Yu Ping is the deputy director.
The Research Center aims to become a research and academic exchange center in financial innovation and financial development, a policy consulting center for national and local financial support to the real economy, and a training base for senior talents in financial engineering and risk management.Over the past two decades, the Research Center has continuously adapted to the requirements of the new era, new finance and new science and technology, continuously explored the theories of financial innovation and financial development, and carried out applied research as a guide to provide new theoretical perspectives and application programs for financial services to the real economy.At present, the research center has completed more than 10 national projects, more than 50 provincial and ministerial level and horizontal projects, and nearly 10 achievements have been approved or adopted by provincial and ministerial leaders; it has published more than 200 authoritative and important papers.Seven cases supervised by the teachers of the research center have been selected as the national excellent teaching library for master's degree in finance, and the economic symposium for college students in Hubei Province has attracted the participation of students from more than 130 colleges and universities at home and abroad.
The research center has good software and hardware facilities; it adopts an open and synergistic research mode, gives full play to the leading role of project leaders in the research process, organizes regular seminars internally, carries out joint research, and develops cross-disciplinary characteristics; externally, through occasional academic presentations and collaborative research, it develops a good situation of external communication and cooperation, and improves the influence of the research center.
II. Direction of research
There are four research areas under the Research Center for Financial Innovation and Financial Engineering, and each direction is equipped with corresponding personnel who are responsible for organizing the research work in this field and forming effective cooperation and communication within and outside the center.
(1) Financial Innovation and Financial Development - to study the fundamental theoretical issues of financial innovation and financial development, regional financial cooperation and the conditions for the formation of regional financial centers and their operation mechanisms
(2) Financial Engineering and Risk Management - to study the technical and methodological issues related to the pricing of financial products, financial product design, and financial risk prevention
(3) Financial Services and Product Innovation - to study the innovation of financial services for small and medium-sized enterprises, and the product and service innovation of local commercial banks.
(4) Inclusive and Green Financial Policies - research on the theory and practice of inclusive and green finance, and provision of development assessment and policy consultation.
III. Talent development
As a university-based research institute, the Research Center for Financial Innovation and Financial Engineering participates in, and supports, the construction of majors and disciplines, mainly:
(1) Doctoral Program in Applied Economics (Finance)
(2) Master's Program in Finance, Master's Program in Finance Specialization
(3) Undergraduate Programs: Finance, Mathematical and Physical Finance Experimental Class, Financial Technology Pilot Class, International Cooperation Class for Finance Majors
The research center supports the reform of talent cultivation, implements the combination of education and teaching with academic research, and forms a teacher-student relationship with equal communication, as well as teacher and friend.Using the center's various national, provincial, ministerial and horizontal scientific research projects and government consulting projects, the center encourages students to participate in scientific research, publish academic papers, participate in academic competitions, enhance students' innovation and ability to solve complex practical problems, and cultivate a number of theoretical level and business skills for the community to prepare a group of skilled personnel.In recent years, students have participated in the "Challenge Cup" National College Students' Extracurricular Academic and Technological Works Competition, "Youth Creation" National College Students' Entrepreneurship Competition, and China "Internet+ College Students' Innovation and Entrepreneurship Competition".In recent years, many students have won prizes in the "Challenge Cup" National Extracurricular Academic and Technological Works Competition, "Creating Youth" National Student Entrepreneurship Competition, China "Internet+ Student Innovation and Entrepreneurship Competition", National (International) Student Mathematical Modeling Competition, National Teaching Case Competition for Masters of Finance and Economic Seminar for Hubei University Students.
IV. Research results
National research projects completed by team members:
[1] Wang Renxiang presided over: the mechanism and countermeasures research on financial promotion of independent innovation, 2008 National Soft Science Research Program Project;
[2] Wang Renxiang presided over: Research on the Effectiveness of Policy-based Finance to Promote Independent Innovation, 2009 National Social Science Foundation of China;
[3] Yu Ping presided over: Research on Income Distribution Effect of Financial Crisis, 2010 National Social Science Foundation of China;
[4] Song Ping presided over: Research on financial and tax synergistic regulation of online payment holding for paperless trade, 2010 National Self-Science Foundation of China;
[5] Wang Renxiang presided over: research on the coupling mechanism, efficiency and mode of science and technology innovation and financial innovation, 2013 National Social Science Foundation of China;
[6] Hu Guohui presided over: Research on the Function Realization Problem of China's Small and Medium-sized Financial Institutions Serving Small and Medium-sized Enterprises, 2013 National Social Science Foundation of China;
[7] Song Ping presided over: trust perception and transaction decision-making of Internet financial participants, 2014 National Self-Science Foundation of China;
[8] Wei Jianguo presided over: research on credit risk management innovation of village banks under fragile credit environment, 2014 National Social Science Foundation of China;
[9] Shen Lei presided over: research on synergistic effect and mode selection of fiscal policy and financial policy in the process of new urbanization, 2014 National Social Science Foundation of China;
[10] Yu Ping presided over: research on the mechanism, efficiency and mode of coupling financial innovation and economic growth, 2017 National Social Science Foundation of China.
Some of the academic monographs and textbooks published by team members:
[1] Yu Ping: Financial Innovation and Economic Growth, China Economic Press, 2005.
[2] Wang Renxiang: International Finance, Science Press, 2009.
[3] Wang Renxiang, Yu Ping: Financial Risk Management, Wuhan University of Technology Press, 2009.
[4] Yu Ping: Theoretical and empirical research on financial development and residents' income gap.China Economic Press, 2012.
[5] Hu Guohui: Motivation of Enterprises for Overseas Listing: A Theoretical and Empirical Study, Economic Management Press, 2007.
[6] Song Ping: Research on Cooperative Regulation of Online Payment, China Finance Press, 2009.
[7] Du Weishi: The Institutional Perspective of Equity Separation Reform, Southwestern University of Finance and Economics Press, 2009.
[8] Shi Dan: Financial Innovation System, China Finance and Economy Press, 2008.
[9] Wei Jianguo, ed: Securities Investment, Higher Education Press, 2013.
[10] Li-Hui Xu: Research on the development of environmental finance based on market-oriented, China Finance Press, 2015.
[11] Hu Guohui and Wang Jing: Financial exclusion and inclusive financial system construction: theory and practice in China, China Finance Press, 2015.
[12] By Renxiang Wang and Man Yang: Research on the coupling mechanism, efficiency and mode of science and technology innovation and financial innovation, China Finance Press, 2018.
Part-time social and social service programs for some team members:
[1] Wang Renxiang, Executive Director, China Society of Quantitative Economics, Member of the Sixth and Seventh Decision-Making Advisory Committee of Wuhan Municipality
[2] Wei Jianguo, Director of Hubei Provincial Society of Finance, Councillor of Hubei Provincial Government
[3] Yu Ping, Director of the Annual Conference of the Chinese Society of Finance, Vice Chairman of Hubei Society of Quantitative Economics
[4] Du Weian, Deputy Director, Development and Reform Bureau, East Lake High-Tech Zone (2013.5-2014.5); Business Manager, Pacific Insurance Wuhan Branch (1994.7-1996.7)
[5] Zhou Yuping, Manager, Credit Department, Industrial Bank of China, Wuhan Branch; Deputy Director, Economic and Trade Development Department, Wuhan New Port Administrative Committee
[6] Research on Financing Structure and Financing Innovation of Small and Medium-sized Enterprises in Hubei Province (Second Prize of Hubei Provincial Scientific and Technological Progress, Moderator: Wang Renxiang)
[7] Medium and Long-term Planning for Economic and Social Development of Luonan Street, Hongshan District, Wuhan City (Enterprise Entrusted Project 2016, Moderator: Wang Renxiang),.
[8] Research on Boosting Hubei's High-Quality Development with Green Finance (Hubei Provincial People's Government Intellectual Achievement Procurement Key Project 2019, host: Yu Ping)
[9] Study on the Path of Promoting Angel Investment Development in Hubei Province (Hubei Provincial People's Government Intellectual Achievement Procurement Project 2018, Host: Yu Ping)
[10] Research on Survey and Tracking of Precision Poverty Alleviation Households in Hubei Province (Hubei Provincial People's Government Intellectual Achievement Procurement Project 2017, Host: Yu Ping)
[11] Case Study on Financing Guarantee Business of Small and Medium-sized Enterprises in Hubei (Commissioned Project of Hubei Small and Medium-sized Enterprises Service Center 2014, Host: Hu Guohui)
[12] Green Bonds and Socially Responsible Investment (Keynote Speech of China Association of Interbank Market Dealers Forum 2018, Li-Hui Xu)
