Tao Xiang International Finance Lectures (No. 18): International Practice of Industrial Finance - Financial Road of GE

On the evening of October 28th, Tao Xiang International Finance Lectures (No. 18) was successfully held at Renmin University of China. Ding Yi, Chairman of Huaneng Capital Services Company attended the event and delivered a speech entitled “International Practice of Industrial Finance –Financial Road of GE”. The lecture was chaired by Tu Yonghong, Deputy Director of IMI and Professor of the School of Finance of RUC. Duan Yiping, Director of R&D Department of Huaneng Capital Services Company, Zhao Xijun, Associate Dean of the School of Finance, Wang Fang, Deputy Director of IMI and Professor of the School of Finance, and the postgraduate students of the School of Finance attended the lecture. Dr. Ding Yi first explained the concept of industrial finance. She mentioned that industrial finance is different from other pure social finance. It is a financial entity initiated and controlled by an industrial group. Then, Dr. Ding gave a detailed introduction to GE Finance from its birth and development to its challenges and problems. She compared international and domestic cases, emphasized the role of leaders in the enterprise, and pointed out the two cores of GE team: one is industry plus finance, and the other is talent. Finally, Dr. Ding provided her perspective on industrial finance. China's current industrial finance is featured by rapid yet unbalanced development, similar patterns and uncertain prospects. The priority of industrial finance is to choose the right strategy and to focus on national policy and strategy, supply-side structural reform, main business and industry.

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