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Huang Qifan: What is the essence of finance? (Easy to understand)
A brother asked me, what is the essence of finance in China?
Here I quote Mayor Huang Qifan's three sentences:
First: manage finances for the wealthy, and provide financing for those in need.
Secondly, the core essence of financial enterprises lies in the three aspects of credit, leverage, and risk, and it is crucial to grasp the balance among these three aspects.
Thirdly: The purpose of all financial activities is to serve the real economy.