Zhou Xiaochuan: Business Analysis of ESG and Consumer Credit

The topic I want to talk about today is a Business Analysis of ESG and Consumer Credit that focuses on and discusses the ESG concepts of ESG and Personal Finance.

Against the backdrop of the new disease, everyone is very concerned about the economic and financial growth after the epidemic. One of the problems is ESG, which is poised to improve business efficiency and improve financial stability. Most marketers now have a better understanding of ESG and continue to do extensive research. ESG includes behavioral, investment and financial, and management strategies and considerations. One is the ESG of the company itself, i.e. the operation of the company must have an ESG strategy, ESG monitoring and other management, and the other important one is a variety of fund builders in the financial industry. ESG, particularly in terms of support for investments and loans.

President Xi Jinping announced to the United Nations General Assembly that China will not build new offshore power plants, raising environmental concerns. I will not discuss the details of the ESG due to time constraints. With the popularity of ESG, in terms of language, there are ESG concepts, concepts, norms, standards, management, risk management, and there are also many special ESG forums, which have become an integral part.

One of them is worry. After the application of the ESG, how did it affect the old company? If a company seeks to maximize ESG, does it disagree with previous descriptions of the company's mission and behavior? Personally, I think it can come together. In other words, ESG should not be seen as an objective, ESG should be seen as a constraint. In other words, the company's marketing and sales must adhere to ESG constraints to achieve ESG compliance, but not strive for maximum ESG conversion. Otherwise, there may be deviations or inconsistencies with the planning of facility preferences. In other words, the operational objectives of the company must remain the same as the previous operational objectives, that is, the operational objectives that the company wishes to achieve, even if ESG standards are required, the standards ESG will follow.

Personal ESG and personal financial ESG

When a company's behavior is limited by ESG, personal behavior is always an ESG issue, so whether it is called ESG or not, the person who considers ESG is appropriate. This is because the business community has a lot of people needs too, and now there are a lot of "financial services" for people, of which personal loans are the most important. In other words, there is ESG for businesses and ESG for people.

For individuals: From an environmental point of view (E), waste should be disposed of regularly, and waste should be disposed of properly. If the conditions are right, the solar roof (9.440, 0.18, 1.94%) can be installed, so it must be fully installed and rebuilt can be fully utilized ... environment.

From a social responsibility perspective (S), you should not engage in the 'bad game', and if there is a contagious disease, you should wear a face mask which you should wear, and if you should. be vaccinated. , you must be vaccinated. For example, there are rules of etiquette, such as obeying the highway code, prohibiting driving while intoxicated, or calling everyone to a public hearing. Even if the rich have money, they should not give away their finances… All of these examples include personal and human relationships. There are also some recent updates. You don't have time to study, but you will see. For example, young people today should not be distracted by movies and should not lash out on stars too much. Spend money to catch stars.

In terms of management (G), there is real self-control. In its broadest sense, self-discipline must first do something right for individuals, families, communities and communities, for example, to take responsibility. Through financial management supervision, revenues should be used to determine expenditure. In other words, it should be used to determine expenses. For some entrepreneurs qualified to hold risk management for themselves, management should consider adhering to this management policy rather than circumventing it. For individuals, you are responsible for your health and old age, and who should be insured, who should be insured and who should be insured. self management.

Of course, ESG is now primarily industry driven. Should we use the name ESG to talk about someone? It might be called by another name, but that means yes, it means companies have ESGs and people have ESGs.

Second, personal financial services, especially auto-lending, such as consumer loans, must take ESG into account. Mortgages are a source of concern and controversy today, and are associated with new technologies.

From an environmental point of view (E), the financial sector should encourage individual consumers (or households) to conserve energy and green products and promote green tourism. There is also the word “green urbanization”. "Green urbanization" also raises the question of knowing how to choose and manage your own needs to achieve low emissions, both from the equipment and from consumers' feelings. Pollution, waste reduction, biodiversity conservation and biodiversity are necessary. Financial services that meet these requirements can also be considered an integral part of cash assistance.

From a community responsibility perspective (S), financial institutions and multiple payment platforms should not provide self-pay services for “sales, gambling and drugs”. Border gambling and drug marketing offer the convenience of payment, but also claim they don't know the size of the market. From a pragmatic point of view, new organizations, in particular, want to expand their product line and increase the value of their products while continuing to gain market share and seek greater market share. As the Personal Finance Flag, we provide coverage for gambling and drug use (border claims).

In addition, financial companies must be careful when it comes to financing luxury goods. I attended the conference many years ago and listened to the discussions. Think about the famous credit card advertising, there are always some who advertise football a lot, but even they have to advertise on golf events or in F1. At the moment, the ads will not be popular due to the mix of likes and dislikes, and if so. An extravagant event but at the same time respectful of the environment, I also have to think about it. These are all influences in the community to consider.

We must also comply with the Money Laundering and Financial Harassment Prevention Rules (Rules) in order to provide personal financial assistance. In addition to combating money laundering and combating money laundering in general, it has been used for money laundering by individuals who have recently borrowed money and numbers in certain locations. By solving this problem, financial companies can do something. An immediate consequence follows when finances are topped up which is not conducive to the management of individuals and individuals.

For G, it's about self-control. First, let's look at the financial problems of subprime mortgages in the United States. Low or zero interest rates were offered along with expected income from large home purchases, and there were also financial companies that invested in high-end stocks. Essentially, personal financial services should promote a balance of personal finances, set spending based on capacity, and stay on track rather than financially, which affects personal financial health, including financial fraud and phishing scams. . Of course, there are also personal loans to show consumers as the "old gnaw" or if there are other household assets can be identified. financial self-management. At the same time, if things go wrong, it can lead to debt violence. Even though collecting self-harm is illegal, your employer will be the lender who provides a loan to the consumer.

Now, from ESG's point of view, auto-lending is a chore, with many peer-to-peer sites at risk, and then the key is closed. Some have complied with the laws of finance, the internet, big data and emerging financial markets. In other words, personal financial support also has ESG issues.

Balance of payments, financial infractions and deadlines

Our important role in business, industry, individuals (or families) and government, is to balance income and expense. In addition to the simple financial discipline of the independence of our organization, the rules of business ethics. I have discussed this topic elsewhere, one of the CBN reading threads, so I won't cover it here. This means that in general, revenue and expenditure should be adjusted in the budget and income and expenditure should be equal, while limiting financial sales, blind spending, blind promotion, fraud prevention and protection. money laundering and the prevention of financial abuse. and other regulations.

I'll tell you when to balance your finances, estimate when your income and expenses should equal. The financial cycle is very diverse and must be done with the creators of calendars: daily balances, weekly balances, monthly balances, quarterly balances, annual balance or more. The investment balance and the income investment balance can be long term. There is also time to eat with a long cycle, just like at home.

For example, a diet that absorbs energy and activity only balances you for a few hours, and you should finish your last meal and eat your next meal a few hours later. Salaries are usually based on monthly income, and salaries are paid monthly, and the food balance is usually not equal to monthly income. In some countries, wages are paid weekly, which helps employees manage their payroll. In terms of investment in the industry, the venture capital firm released quarterly data. However, the fiscal year is usually a year, where GDP is calculated annually, performance in many industries, economic data, income, etc. are inspected annually. Since a year is a significant year, a year's balance is called a checking account, and a year's balance is credited to the investment account.

However, when it comes to dietary concerns, the duration of electricity use can be extended both daily and annually, depending on the issue of balance. As an example of a house, in the case of a house used over a period of 30 years, i.e. 360 months, the actual monthly consumption is approximately 1/360 of the value, and the time remaining after feeding the first month. is 359ay. value of life. When renting or paying rent, the ratio of monthly consumption to monthly income does not violate the law of payment. Another example, car loans are generally considered usable for three to five years, and some titles can be reimbursed depending on the duration of use. At the same time, the terms of the asset are necessary to lend to the borrower, and from this point of view, the use and the loan are the same. People call devices that are not easy to hide “buildings”. Vehicles and other objects (cell phones, computers, etc.) are mobile (housing). However, many technologies have become more sophisticated and financial evidence is now also used to pay for personal loans. In short, paying for food within a period of time is a financially viable activity and does not violate the equality of principles of life.

Another big inter-term project concerns student loans or scholarships. In addition to loans for young students, loans for vocational training are also available. Financial impact can be viewed as a type of investment in human capital, which has future benefits, but also carries risks. Human investment, like any other investment, has future benefits. It's just like a financial product. But at the same time, investments must be value sensitive and profitable, like investments or other investments. Investing in education and investing in student budgets requires cost management. For example, the tuition is divided directly, and because it's for education, it can't be used for luxuries, and there are restrictions and everything is controlled.

Now, the world has given the importance to income income. "21 in the one who is the one's one. It is important to see that it will be money money. The rich people can buy housing. All many say 80% of the silver is more than 20%. There is a value that is worth it. At the same time of the organization This has been a small work and work, it is also tilted in the richness, and the cleanliness has been done. In addition to a short-term financial company , but I have to help support the decisions. ...

Personal financial statements and debit cards

Let's take a look at the many bank investors who have written too much about the history of the financial services industry and who are still profitable today. With the continuous improvement of science and technology, people will have a desire to seek fashion and find new enterprises, believing that the old products are old and continuous with a great development of science and technology. In fact, we still need to exercise due diligence and patience. Many industries have always been the subject of many years of research and are still very efficient and capable, of course, they still need to be improved with technology. In particular, the self-assessment financial system should be measured and determined not in accordance with the specifics of personal balance of payments, mortgage and risk management, and the establishment of increased costs and advantages.

What personal financial services are available? One is a home loan, the other is a car loan, the other is a consumer payroll loan, and the other is a student loan that I just mentioned (called a student loan in the United States). and student loan in China). In addition, a temporary credit card is issued as an ID and an account is created as an ID. Of course, the key point is that the ID must be trustworthy (the chances of it being stolen are minimal). I remember it was 50,000 yen. The interest rate is 29% (annual interest rate), but the Japanese decided that 29% was too high and reduced it to 20%. These loans are limited, affordable and have a temporary urgency, I discussed this at the ESG conference in Shanghai.

We also need to know the difference between a small part of a personal loan. Business loan or loan money. You must take care of small companies that do not apply to the customs. Currently, some services are closed due to the address of patients, and more than called the professor proficient profilancing. From the views of economic economic, loans of a small businessman, above all, and more, they should have a resource and have special loans . In fact, they will be first, and their responsibility on your own. Investment. It will be confused, and the loan will not be too high because of the personal capital below. Now, as long as you are registering to a micro enterprise, it is wrong, as long as it pays money. If everyone still has a technology or creative, all can attract attention and can be used for less abundance. Overall, the recipients or entertainment is on the loan in fantasy loans are not suitable for the soul. Markets should make the investment investment or interfere with banks of businesses. In other words, self-operation will distinguish between the users because they are different because they are different.

We said that in the future we will continue to rely on some of the non-directional and delinquent consumer loans when all the above mentioned consumer loans are completed. From the perspective of macroeconomic analysis, if all the previous operations are successful, too many personal loans will not play a good role in the economy and will not be important in improving the overall economy.

Let us talk about credit cards. People say the credit cards have made the Bank Accounts can do that because of their credit cards can be done, that a small bank account can be done, says small bank accounts could not do so. Why don't we do this? First, you can review the history of birth of credit card. The card is divided into credit card and debit cards, credit card and debit card. The credit cards start started early and faster, and then, the debit card is increasing and the comparison increases quickly. Credit cards are watching the thoughts, then, after that way, how long can you have? 25 days, 25 days, if you use other options to pay or pay the cost, the amount is a loan, interest rate. Now the payment is covered and payable for later, credit card is true in the design of the facility. Yes, there are some employees who use business because there is a business like this. Open multiple cards from a lot of banks, turn around, or using a circle to join self-control. However, everything, percentage of work or small work is small and the amount of doing this is height.

Then there is the debit card, which means using money without a loan. It should be noted that there are many reasons for the further development of the debit card, which is immature and unfamiliar with communication and information communication, real-time online payment, withdrawal of the money, and in practice there are many reasons for the above. . not. Therefore, the payment term should be chosen for the convenience of the first payment, and the management of credit risk is carried out by the authorized site of the credit card company, and Information and data obtained from the authorized source largely depend on the quality of the card. the number is official. If there is a loss (and there is a consequence of a loss), the amount must be paid for the loss. Then when the data connection works better, the debit card will ring. This means that when you pay with a debit card, the money is immediately deducted from your bank account and the cardholder rarely breaks the overdraft. . Merchants do not need to receive money immediately, but merchants receive money through wire transfers and electronic contracts.

In other words, they don't understand the fact that debit cards are designed for family loan purposes and have their foundation in the ease of payment, especially the convenience of micro-payments. Therefore, it is clear that the bank must have some prepayment risk and the customer must have the balance and self-control for future payments. Credit card companies, credit card companies, and card-related companies believe that the economic benefits of micro-payment are insufficient and that oil and water are not important. be able to manage internal risk management, and constantly fight against numerous crooks. In short, if you look at the development of debit cards, you can see why financial institutions cannot get personal loans, according to the card in Banks can now accept personal loans. It is debatable.

The needs for macroeconomic balance and resource allocation

Below it should encourage the payment for a lot of money. If the policy is not sufficient, sometimes changing or disapproval or unexpected self-renewal to credit users. Includes some places for P2P borrowed, once a single hand loose, industry sometimes is not because of Boom. There will be many reasons, and the disease may have no total requests. The trial issue will also be available all requests. Therefore, the administration of the power of downloading all requests. Increase infrastructure investment invest. Another way is expanding. There are good financial products that can answer the housing, car supplies, including education, and must be able to improve and develop goods. But what is if to be trusted for using loans to follow the string for in order to get in order to In order to get in order to be in order to get in order to get in order to get in order to get all the requests ?? Have a problem with the order. If there is no control of the business, it should be installed to enhance the application of the focus level, and the custom property of the custom business. NeSnepting, financial support, and nutrition range depends on the regular understanding, which leads to new risk. At the same time, by ESG's view, it is not necessary, and there will be other harmful problems.

Of course, there is an angle of any service. I still speak in conversation. First, how to get salvation in the industry, the money seems to be supported. Or the best setup. Everyone knows that in terms of macroeconomic industry, the savings will develop production capacity by investment, and play new capacity. What kind of taking is support if you need a financial assistance? Is he doing the harmful relationship? For example, China China will make all the problems of people and families blame for many GDP? Improve the material of the decision of the relationship between income and it and equal balance. If setting is careful well and count, it can start to give a diet to a regular basis, not the set. Yes, everyone can be seen from a dual circle. These loans can be passed and will be the income of the company. However, there is also an increase in ESSG decision.

Fintech, Big Data and privacy

In terms of the development of financial technology in the "big data age", in particular the accumulation of big data, the capacity of big data and can be used in many ways. However, one must constantly ask oneself if he is going to play an important role in borrowing without self-guidance and if the machine of its benefits is what.

In terms of processing files, what are the procedures for managing large files related to personal loans? It is also a concern for many of these times when it comes to interpreting algorithms. Because finance is ubiquitous and semi-public, there are many considerations for using black box algorithms, such as when algorithms can be used when the particular model mechanism cannot be calculated.

Whichever method you use to prevent discrimination and discrimination, especially against minorities, women, immigrants, etc., it is an important part of Americans as well. "Political precision". It also includes the statement that some people make mistakes and when faced with personal financial issues they shouldn't overdo it. There was a case in the United States, then a bill was passed, and if a young man violated his debit card (in China there were cases where there was no difference between felony and delinquency), registration or job search.

The new legal issue is privacy. Once the privacy policy is in place, big data and some existing loan programs will be in big trouble. A significant portion of today's big data for consumers, especially financial consumers, should never be stored or used and should be thrown away, as has become the case with a number of new privacy policies and of compliance. For this reason, desensitization treatment, security and privacy algorithms, government training, MPC, etc. are interesting and should be carefully watched. Do not use the human rights law to do a little for personal finances, and if the law is only used to find the law, it must be prevented from falling into the "law algorithm." Black Box ".

In making decisions, how do you use Big Data? Where does big data play a role? Can we trust black box algorithms? There are discussions about the use of science, but in fact most of it is not science, but related to identification, or just a means of scoring (scores have many Chinese problems ). Where new concepts of these financial instruments can be applied to personal credit, further research and evaluation is needed.

Contents

Contents. From the point of view of ESG analysis, from the point of view of economic and financial analysis of the industry, one side of the different types of personal health, whether the overdraft consumption at the overdraft level need retail? Is it suitable for ESG strategy? However, you need to identify and think critically, and think against the models.

Here we introduce the concept of ESG and extend ESG to people. This means that the future personal finance model should be chosen as a stable and stable financial business model, which also benefits people's ESG.