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Huang Qifan: What is the essence of finance? (Easy to understand)
A brother asked me, in China, what is the essence of finance?
Here I quote Mayor Huang Qifan's three sentences:
First: Manage money for the wealthy, and finance for those who lack money;
Second: The core essence of financial enterprises lies in the three links of credit, leverage, and risk; we need to grasp these three links and their degree well;
Third: The purpose of all financial activities is to serve the real economy.
A brother asked me, in China, what is the essence of finance?
Here I quote Mayor Huang Qifan's three sentences:
First: Manage money for the wealthy, and finance for those who lack money;
Second: The core essence of financial enterprises lies in the three links of credit, leverage, and risk; we need to grasp these three links and their degree well;
Third: The purpose of all financial activities is to serve the real economy.
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