Chapter 138 I'm Afraid My Heart Can't Take It
That morning, Shi Yanchen convened a meeting of heads of various departments to discuss the new changes in the International Financial City project.
"I decided to add a neural network prediction engine to the original architecture." His voice was steady and powerful, and his eyes swept over everyone present.
The conference room fell silent instantly.
The CFO was the first to raise an objection: "Mr. Shi, this is equivalent to rewriting the entire risk control system, and the cost will increase by at least 500 million."
"Moreover, this technology is still very immature in the financial field," the technical director also said, "using machine learning to predict market risks is too risky."
"Investment banks also have concerns," added Mr. Li from the risk control department. "They trust traditional risk control models more."
Pei Song sat in the corner, looking at Shi Yanchen on the stage.
He knew what this decision meant - huge R&D investment, unknown technical risks, and possible market doubts.
But Shi Yanchen's eyes remained firm.
"I re-analyzed the data of several market crashes last night," he pulled up a detailed analysis report, "Traditional risk control models often lag in response to extreme market conditions. Neural networks, by learning from massive amounts of trading data in real time, can warn of risks in advance, allowing us to take action before a crisis occurs."
He turned around and quickly drew an architecture diagram on the whiteboard: "The entire prediction engine is divided into three layers: the first layer is real-time data collection, the second layer is the deep learning model, and the third layer is the intelligent early warning system. Through this architecture, we can advance the risk warning time to minutes."
"This solution is too advanced," said the risk control director. "No exchange in the world has used neural networks in a real-time environment."
Shi Yanchen turned around, his eyes were sharp: "Because no one has done it before, this is our opportunity. The International Financial City is not a traditional exchange, but it is to create the next generation of financial infrastructure. In such a project, I would rather take the risk of innovation than be bound by conservatism."
Pei Song looked at the people on the stage. Shi Yanchen's eyes were firm and his tone was confident. He was not moved at all by the opposition of the crowd.
This kind of courage to maintain innovation under tremendous pressure made his heart beat faster.
"I know this decision will bring a lot of pressure to everyone," Shi Yanchen continued, "but as a company that wants to lead the industry, we must have the courage to break the routine. Instead of following in the footsteps of mature technologies, it is better to create a completely new path."
His voice became more determined: "This is not only related to the future of SNK, but also to the development direction of the entire fintech industry. I believe that as long as we persist in innovation, the market will eventually prove that our choice is correct."
After the meeting, Pei Song deliberately stayed until the end. Shi Yanchen walked up to him and asked, "Do you think I'm too aggressive?"
Pei Song looked up at him: "No, I think you are very far-sighted. Under such great pressure, you can still insist on innovation. This is a true leader."
Shi Yanchen smiled: "So, you were conquered by my courage?"
"Stop talking nonsense," Pei Song pretended to be angry, but he couldn't hide the approval in his eyes. "But to be honest, you looked really handsome when you argued on the stage today."
"Then should I innovate a few more times so that you can be impressed by my handsomeness a few more times?" Shi Yanchen teased.
Pei Song pretended to think seriously: "Well, once in a while is fine. Too much time will make my heart suffer."
After the project was officially launched, Pei Song immediately started working with international investment banks.
Teams from several top investment banks are about to visit, which is a key step in project financing.
Pei Song was standing in front of the whiteboard, making final confirmations with the team.
"Mr. Wu, you will be the main speaker on the technical architecture, and I will provide supplementary information from a business perspective." He pointed to the flowchart and said, "Especially the FPGA acceleration part, they will definitely ask about it in detail."
"Mr. Li, please take a look at this PPT of the risk control mechanism. I have made some adjustments according to your suggestions and explained the logic of tiered liquidation more clearly."
"Manager Wang, please focus on the questions raised by Jin Shi and take good notes of the meeting. Their suggestions are very important for subsequent improvements."
Finally he checked the time and said, "Thank you for your hard work, let's go over the key points again and we'll officially start in half an hour."
Shi Yanchen stood at the door and watched Pei Song skillfully coordinate the various departments and arrange every link in an orderly manner.
"Are you nervous?" He walked up to Pei Song and asked in a low voice.
Pei Song was checking the cash flow forecast model on the last page of the PPT: "Not bad. I checked the data again last night." He pointed to the chart on the screen, "This investment bank is most concerned about risk control. I added a few more scenarios for the stress test."
Shi Yanchen sat down next to him and flipped through the thick materials on the table: "You have really grown a lot. I remember you were nervous when I first took you to UBS for a meeting."
"I didn't understand anything at that time," Pei Song smiled, "but now at least I know how to tell this story well."
The door of the conference room was pushed open, and Jin Shuning walked in with the teams from two investment banks.
"Good
morning." Pei Song stood up and greeted in fluent English.
The meeting officially began, and soon, investors began to ask various sharp questions.
A senior analyst quickly questioned: "The size of your liquidity reserve pool is set at $20 billion. Is it sufficient to support large market fluctuations?"
"This scale has been calculated in detail," Pei Song called up a set of stress test data, "We simulated the extreme market conditions during the 2008 financial crisis and the 2020 epidemic. Even in the worst case, this scale can ensure the normal transaction. Moreover," he switched to the next page, "we have designed a dynamic adjustment mechanism that can adjust the reserve scale in real time according to market conditions."
"You mentioned the need to establish a market maker system. What is the specific incentive mechanism? How do you ensure sufficient liquidity?" another representative asked.
Pei Song explained the liquidity management framework: "We adopt a tiered market maker system, which rates market makers based on their capital size, quote quality, and stability. Market makers at different levels enjoy different fee reductions and liquidity incentives. At the same time," he pointed to a set of data, "we also set minimum quote ranges and maximum bid-ask spreads to ensure market depth."
"Another question," said a risk control director, "is how do you plan to deal with exchange rate risks in cross-border payments? Especially in emerging market currencies."
"This is also an issue we focus on," Pei Song pulled up a diagram of the cross-border payment architecture, "We have reached cooperation with ten major international banks and established a 7×24-hour cross-border clearing channel. For emerging market currencies, we use a two-way quotation mechanism and introduce market makers to provide liquidity support."
"At the same time," he opened an agreement, "we have also signed strategic cooperation agreements with several large foreign exchange market makers, which allow us to obtain preferential swap quotas."