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Financial Index Research Platform fully launched: Another move in financial quantification

NewsSource:GTCOMDate: 27 December 2018views:74

The Big Country Economy Reporting Conference and Oriental Wisdom Wealth Forum jointly sponsored by the China National Radio Business Radio (CNR Business Radio) and Yongan Futures Co., Ltd. (Yongan Futures) was held in Xiamen on December 26, 2018, with the theme of "New Start of Chinese Finance Driven by 40 Years of Reform and Opening-up." Eric Yu, CEO of Global Tone Communication Technology Co., Ltd. (GTCOM), attended the forum as a special guest, and made a keynote speech on "Alternative Data: New Oil." He, together with CNR Business Radio and Yongan Futures, launched the Financial Index Research Platform as another move in financial quantification.

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Financial Index Research Platform fully launched

China has, during the past four decades, presented a miracle of economic growth to the world and told the story of financial growth of a major power. Thus there are questions sure to intrigue the active mind: How does Chinese finance start again? How do we improve the efficiency of serving the real economy? How to improve risk prevention ability? How do we speed up the pace of opening up? These challenging issues were discussed by Fang Jun, vice president of CNR; Ge Guodong, general manager of Yongan Futures; Xiang Songzuo, former chief economist of Agricultural Bank of China, and council member and deputy director of the International Monetary Institute of Renmin University of China; Wang Yiwei, the EU Jean Monnet Chair, a professor at Renmin University of China and director of the Institute of International Affairs; Zheng Zhenlong, a member of the Disciplinary Review Group of the State Council and professor of Financial Engineering at Xiamen University; Zhou Zhiyuan, deputy general manager of Caitong Securities Asset Management Co., Ltd., and other respected professionals from the industry, who made a profound analysis on the development course of China's financial industry in the past 40 years of reform and opening up. In their speeches, they discussed the industry's comprehensive reform and development path as well as the direction of investment in 2019.


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GTCOM CEO Eric Yu shares his knowledge of alternative data and financial quantification

Given the current trend in integrated development of big data and the financial industry, Mr. Yu shared the connotation of alternative data and its innovative application in the field of financial quantification by delivering a speech titled "Alternative Data: New Oil." Additionally, Mr. Yu introduced the company's strengths and results in exploring the value of global massive financial alternative data from the perspectives of platform computing power, knowledge graphing, financial quantification, market sentiment, panic algorithm and machine translation. Together with Mr. Fang Jun and Mr. Ge Guodong, Mr. Yu launched China's first Financial Index Research Platform based on the new big-data algorithm model.


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Launch ceremony of Financial Index Research Platform

The Financial Index Research Platform, which is to be built by GTCOM, CNR Business Radio and Yongan Futures Institute, will give investors strong technical and data support by calculating quantitative trading trends through the international leading big-data algorithm tools. The platform will target the upcoming Shanghai-London Stock Connect as the first index research direction by paying close attention to its opening process, and incorporate all the listed companies in China and the U.K. that meet the entry rules of the Shanghai-London Stock Connect into the platform in order to provide traders with information of listed companies and investment-value analysis. Subsequent to the official launch of the Shanghai-London Stock Connect, the first index study report on the Shanghai-London Stock Connect will be released during the first half of 2019.


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The launch of the Shanghai-London Stock Connect will be closely watched after the establishment of the Financial Index Research Platform

The Shanghai-London Stock Connect is important as the means to deepen the financial cooperation between China and the U.K. and expand the two-way opening of China's capital market. Thus, it's the connectivity mechanism between the Shanghai Stock Exchange and the London Stock Exchange. Subsequent to the opening, eligible listed companies in the two countries can issue depository receipts (DR, which are negotiable certificates issued on behalf of a foreign company that circulate in a country's securities market), and trade them on the other country's market.

The three parties have their own particular advantages in the strategic partnership. GTCOM, as the world's leading company devoted to big data and artificial intelligence, will rely on its technological advantages in those areas to support the launch of the Shanghai-London Stock Connect index. CNR Business Radio will broadcast information from the Financial Index Research Platform in real time so as to analyze and report on the companies identified by the index. As a leading enterprise in the domestic futures industry, Yongan Futures will promote the creation of the Financial Index Research Platform by quantifying the industry practices accumulated for many years in the form of data and presenting them in the form of index.

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Forum site

The launch of the Financial Index Research Platform once again highlighted the firm determination of GTCOM to focus on financial big data and jointly explore the infinite possibilities of AI big data together with financial practitioners. In the future, GTCOM will dig deeper into the cutting-edge AI big-data technology, and help to find new paths for innovative development of China's and even the international financial industry, thus maximizing the value of alternative data in the financial quantification field.


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