Challenge Risk: How Financial Institutions Survive and Develop

Author: (English) Cassely
Publisher:
Publish Date: 1997-01-01
Features: "The Challenge of Risk: How Financial Institutions Survive and Thrive" won the 11th China Book Award. This book discusses the experience of McKinsey & Company in serving large financial institutions in developed markets in recent years. However, as the Chinese proverb goes, "A stone from another mountain can polish jade," the lessons from foreign financial markets still have reference and value for the increasingly competitive and operationally complex Chinese financial market in the long run. In the continuous deepening process of China's socialist market economy, financial institutions must regularly make decisions such as: at what price to provide what types of loan services? Or at what price to offer insurance services? Or at what time to buy or sell securities? And so on. These decisions are essentially about balancing risk and reward, which is also a key topic of this book. Therefore, the issue of risk management is highly relevant and practical for major banks, insurance companies, and financial institutions in China.