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QS World Universities Ranking 2025 | Hong Kong universities climb in the rankings

In recent years, many universities in Hong Kong have made significant progress in global rankings, including the University of Hong Kong, the Hong Kong University of Science and Technology, the Chinese University of Hong Kong, and Lingnan University. The University of Hong Kong is one of the oldest and most prestigious universities in Hong Kong. With its excellent teaching and research results, as well as extensive international cooperation, the University of Hong Kong has always been ranked among the top in international rankings. The Hong Kong University of Science and Technology has also made significant progress in rankings in recent years. It focuses on cultivating innovative talents and has achieved groundbreaking research results in science, engineering, business management and other fields. The Chinese University of Hong Kong is highly praised for its diversified disciplines and excellent research results. In international rankings, the Chinese University of Hong Kong also main

Understand Economic Report Released by Chinese Government - Key Financial Terms Unit 3

To understand the mechanism of the Chinese Economy and the reports released by the Chinese government, this series is particularly designed for all readers who are willing to learn more about the Chinese economy, identify risks and opportunities of markets in China, study and research for your course about China, enhance your knowledge for a future career, and obtain the important signal of China. This series will present key financial terms that you must know before reading any official documents released by the Chinese government.




Cross-financial innovation (交叉金融创新)


Cross-financial innovation refers to the cross-market and cross-business comprehensive financial products developed by commercial banks in cooperation with trust, venture capital, securities, and other institutions in order to expand the profit channels and profit space, break through the existing laws and regulations on separate operation, and its essence is the transitional financial products of commercial banks' transformation to comprehensive operation.


Cross-financial innovation of commercial banks mainly integrates financial products and businesses through the internal and external cross. Internal cross-financial innovation refers to the comprehensive layout of commercial banks in banking, securities, insurance, trust, and other fields by obtaining a variety of financial business licenses, and opening up various financial sub-markets in the form of banking groups, so as to realize cross-innovation of financial products.


External cross-financial innovation refers to the cross-market and cross-business financial cross-innovation conducted by commercial banks through institutional cooperation based on products and businesses, such as asset management businesses such as financial products of commercial banks.


Limited by the operating rules of China's financial system of separate operation and supervision, it is difficult for commercial banks to obtain cross-industry business licenses. Therefore, external cross-financial innovation based on products and businesses is the mainstream form of cross-financial innovation of commercial banks at present.





Inclusive finance (普惠金融)


It refers to providing appropriate and effective financial services for all social strata and groups with financial service needs at affordable cost based on the requirements of equal opportunity and the principle of business sustainability.


Its core is to effectively and comprehensively provide financial services to all sectors and groups of society, especially those neglected by traditional finance in rural areas, urban and rural poor groups, and micro-enterprises or SMEs, that is, to provide everyone with timely, dignified, convenient, and high-quality financial services at an appropriate price when they are needed.





Bank financing subsidiary (银行理财子公司)


Bank financial subsidiaries refer to non-bank financial institutions established by commercial banks in the People's Republic of China with the approval of the banking regulatory authority under the State Council and mainly engaged in financial management business.


The financial management subsidiary mainly undertakes the financial management business in the past bank, relying on the parent bank's strong customer resources and sales outlets. On the investment side, although the active management ability of the bank's financial management subsidiary in the field of stocks is not superior, the bank is good at engaging in non-standard claims, claims, and other assets, and complements the asset management of fund companies and securities companies.


In addition to the bank's inherent channel advantages and reputation advantages, the financial management subsidiary will become an important participant in the asset management industry.




Hope you enjoy the learning! For more information, please click the label "China Financial Key Terms" on the left bar to see the whole series.


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