On January 13, 2026, the Faculty of Finance of City University of Macau held a finance seminar at Golden Dragon Campus, Macau. The seminar featured Mr. Vincent Cai, Executive Vice President, General Manager of Macau Branch of Chong Hing Bank, was invited as the keynote speaker. The seminar focused on the theme " Wealth Management in Macau." Distinguished guests included Dean Adrian Cheung and Associate Dean Eva Khong of the Faculty of Finance.

Executive Vice President Vincent Cai graduated from the MBA program at Hitotsubashi University in Japan and the EMBA program at Tsinghua University's PBC School of Finance. He was awarded the "Young Leaders" scholarship by the Japanese government and boasts over 25 years of experience in the financial industry. He previously worked at the Agricultural Bank of China for 18 years, serving in various positions such as branch manager at the Shenzhen branch, deputy general manager of the marketing department at the head office's private banking department, and general manager of the business management department at the private banking department. He also formerly served as Executive Director and Deputy President of Well Link Bank (Macau).

During the seminar, Mr. Cai shared his insights from four key dimensions: the creation and distribution of wealth, the Macao wealth management market, asset allocation and wealth planning, and Macao's financial industry in the global context. He emphasized that wealth creation relies not only on business integration, industry benchmarking, and activities such as IPOs and mergers and acquisitions but also on long-term value considerations like industry prospects, competitive landscape, and business models. Regarding asset allocation, Mr. Cai introduced four classic models: Markowitz's Mean-Variance Model, which emphasizes risk reduction through asset portfolios; the Black-Litterman Model, which combines historical data with professional views; the Capital Asset Pricing Model (CAPM), which distinguishes between systematic and unsystematic risk; and Bridgewater's Dynamic Allocation Model, which involves dynamic adjustments based on multi-institutional research and validation. Mr. Cai emphasized that asset allocation should be tailored to individual risk preferences and wealth goals, leveraging the expertise of professional financial institutions and investment advisors. Mr. Cai noted that in recent years, with the rapid development of artificial intelligence technology, Generative AI (AIGC), represented by ChatGPT, is leading a new round of industrial transformation. This technology possesses powerful iterative evolution capabilities, transitioning from its previous role as an "industry auxiliary" to becoming a significant driving force "spawning new industries." The continued development of this technology drives innovation across various sectors, bringing more business opportunities and returns for enterprises and individuals.

Mr. Cai further elaborated on the diversity and innovation within Macao's wealth management market, which encompasses banking, funds, securities, insurance, and other sectors, attracting numerous international institutions. He highlighted the Macao government's active promotion of the "Four Major New Industries," including healthcare, modern finance, high-tech industries, and MICE (Meetings, Incentives, Conferences, and Exhibitions) commerce, culture, and sports. Through the "Three Types of Specialized Talent Recruitment Programs," Macao aims to attract high-end financial talent to support industrial upgrading and international integration. Leveraging its strategic location and diverse financial culture, Macao is developing a distinctive wealth management ecosystem, gradually becoming an integral part of the global financial market.

Following the seminar, students actively engaged in discussions and exchanged ideas with Mr. Cai, The faculty and students of the Faculty of Finance once again expressed their gratitude to Mr. Cai for his insightful sharing and guidance, noting that the seminar provided fresh perspectives for both financial academic research and practical operations, deepening their understanding of asset allocation and wealth planning.