w88 casino News Network (Contributed by China Institute of Finance）At 19:00 on the evening of November 22, 2024, the opening ceremony of the fifth "Qiusuo Cup" National College Student Options Market Making Simulated Trading Competition was held grandly at the International Exchange Building of the w88 casino. Huang Baoyin, Secretary of the Party Committee of the w88 casino; Xiong Xiong, Deputy Secretary-General of the China Society of Systems Engineering; Senior researcher Wang Yifei of the Department of Capital, Deng Shuxian of the Derivatives Department of the Shenzhen Stock Exchange, Party Secretary Cao Xiaoyong of the China w88 casino of Finance at the w88 casino, Vice President Deng Jun, Deputy Secretary Wen Zhifeng, Director of the Financial Engineering Laboratory Feng Jianfen, Professor Guo Min of the Department of Investment, Professor Bian Jiangze of the Department of Financial Engineering and other leaders and guests, as well as 2,571 contestants from 71 universities across the country, attended the opening ceremony. The opening ceremony was hosted by Professor Yu Mei of China Institute of Finance.

This competition is sponsored by the China w88 casino of Finance at the w88 casino and the China Capital Market and Policy Research Center. It is co-organized by the Department of Financial Engineering at the China w88 casino of Finance at the w88 casino and Beijing Qiusuo Zhiyuan Technology Co., Ltd. The Shenzhen Stock Exchange provided full guidance for this competition. The competition has also been co-organized and supported by the Chinese Systems Engineering Society, the Chinese Operations Research Society, and more than 20 universities across the country, including Sun Yat-sen University, Xiamen University, Beihang University, Tianjin University, Shanghai University of Finance and Economics, and Central University of Finance and Economics. At the same time, the number of participating universities and contestants in this competition has reached a record high, fully demonstrating the far-reaching influence of the "Quest Cup" in academia and education. The entire opening ceremony was broadcast live simultaneously on the Xueshuo platform, with nearly 30,000 online viewers on the platform.

In his speech, Huang Baoyin, Secretary of the Party Committee of the w88 casino, expressed a warm welcome to all enterprises, institutions, universities, teachers and students who support and participate in the competition, and expressed his heartfelt thanks to all parties for their commitment to education, support for education, and development of education. He emphasized the need to fully implement Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement the spirit of the Third Plenary Session of the 20th CPC Central Committee and the National Education Conference, and implement the strategic deployment of becoming a financial, educational, and talent-powerful country. It is hoped that through this competition, the complementary advantages of all parties will be further strengthened, a sound resource development and sharing mechanism will be established, high-level cooperation will be achieved in a wider field and at a deeper level, and a new benchmark of joint construction, sharing, mutual benefit and win-win will be collaboratively created. At the same time, Secretary Huang Baoyin pointed out that it is necessary to implement the results of the competition, promote the reform and innovation of financial education teaching in colleges and universities, improve the theoretical application ability, innovative practical ability and employment and entrepreneurship ability of college students in the new era, extensively explore the theoretical innovation and major practices of China's financial development, conduct in-depth research to promote high-quality financial development, serve the construction of a strong financial country, actively promote the sustainable development and prosperity of Chinese finance, continuously increase the influence of China's financial academic research and practical innovation, and promote Chinese modernization with high-quality financial development.

Cao Xiaoyong, Secretary of the Party Committee of China University of Finance and Economics, expressed his gratitude to the Shenzhen Stock Exchange and the leaders of the w88 casino for their strong support for this competition, as well as the active promotion of the organizers and co-organizers. He said that the China w88 casino of Finance at the w88 casino has always adhered to the entrustment of the older generation of revolutionaries, adhering to the w88 casino philosophy of "playing a seed role in talents and teaching materials in the financial world", taking root in China to provide financial education, and has achieved outstanding results in discipline construction, talent training, scientific research, social services and international exchanges. Secretary Cao Xiaoyong also said that this competition provides contestants with opportunities to practice options trading strategies and risk hedging, and has attracted the active participation of many domestic and foreign college students. He hopes that all participating students will not only learn theoretical knowledge, but also cultivate the abilities required for specific occupations in practice, achieve more practical results, and achieve greater breakthroughs.

At the opening ceremony, Professor Yu Mei reported the basic situation of this competition. This competition aims to popularize the relevant knowledge of options and derivatives, promote the improvement of my country's financial derivatives teaching platform, cultivate talents who serve the construction of the national financial market, and fully embody the educational concept of a country with strong education and talents. Dai Bo, administrative head of the derivatives trading department of CITIC Securities, introduced the decisive role of the capital market in the allocation of financial asset resources, the importance of on-exchange options contracts and the market maker system. He hoped that students who are interested and enthusiastic in options market making can join the industry and jointly promote the development of China's financial innovation. Liu Jiayin, head of the Index Investment Department of Harvest Fund, introduced the supporting role of ETF options in market depth and liquidity, and mentioned the characteristics of Harvest Fund's two cross-market ETF products, emphasized the impact of market makers on product liquidity and transaction costs, and encouraged students to accumulate practical experience through simulated trading competitions, stimulate innovation awareness, and contribute to the development of China's financial market.

In the academic report session, Xiong Xiong, professor of the Department of Management and Economics of Tianjin University and deputy secretary-general of the Chinese Society of Systems Engineering, gave a report titled "Fund Manager Sentiment and Market Collapse Risk: Multi-Entity Sentiment Analysis Based on ChatGPT". Professor Xiong Xiong introduced the importance and existing problems of public funds in the Chinese market, raised the issue of the relationship between institutional investor sentiment and market crash risk, introduced a sentiment analysis method based on large language models, and explored the two mechanisms by which fund manager sentiment increases market crash risk through herding behavior and affecting retail investor sentiment. Professor Bian Jiangze from the China w88 casino of Finance at the w88 casino shared research on the behavior of individual investors in the stock market and derivatives market, discussed the behavioral deviations of individual investors in leveraged transactions, and analyzed the impact of market reform measures such as Shanghai-Hong Kong Stock Connect and registration-based reform on the market. Dr. Chen Xiaoyijing of China University of Finance and Economics gave a detailed introduction to the programmed process and competition rules of the exchange-traded option market making business to the participating students.

Since 2020, the "Qiusuo Cup" National College Student Option Market Making Simulated Trading Competition has been successfully held for five times. It has received unanimous praise from universities and participating students. It has gradually become a financial discipline brand competition that universities and college students pay close attention to. It has formed a positive interaction between the popularization of financial knowledge, the construction of financial disciplines, and the cultivation of financial talents. It explores new models of talent training and development under the new market development background, and continues to contribute to the construction of a financial power.