As for the modern economic structure, the financial industry is one of the advantageous fields that integrates core elements such as talents, innovation, and technology. In order to strengthen the cooperative research with relevant enterprises, School of Mathematics and Physics (SMP) of Xi’an Jiaotong-Liverpool University (XJLTU) and the International Business School in Suzhou (IBSS) co-established the Research Institute of Quantitative Finance (hereinafter referred to a s ‘RIQF’), in conjunction with several other related departments. The institute’s vision is to become one of the leading research institutes in China that specialize in finance and quantitative sciences. Its key goal is to solve practical interdisciplinary problems in finance, including financial engineering, risk management and asset management, and disseminate results internationally in terms of high quality and practical research outputs.
With a range of experts from different disciplines with rich research achievements in quantitative finance, RIQF keeps up with the upgrading of the financial industry in the modern service industry. By virtue of the nation’s policy guidance regarding ‘Financial Technology’, ‘Inclusive Finance’ and ‘Big Data in Finance’, it established a training mechanism for applied talents. Based on XJTLU’s existing postgraduate training system, driven by research topics proposed by financial institutions, and aiming at cultivating professional elites, industry elites and leaders, RIQF established an experimental field and is actively forging the XJTLU education model 3.0 by highlighting new mechanisms and models, making great reformation and explorations, and applying efficient and flexible governance. Relying on the cutting-edge research of top academic teams and the new opportunities as well as challenges derived from financial and economic reforms, RIQF brings together top research forces and academic resources both from home and abroad, and thus build a world-class financial research system with focuses on key financial and economic issues that the world is now facing. In addition, relying on the Intelligent Computing and FinTech Laboratory (‘ICFT’), RIQF will actively carry out research and training projects related to Quantitative Finance and Financial Technology, and consider it as an important scientific and research platform to explore advanced methods and technological innovations in financial industry.