The University of Nottingham Ningbo China (UNNC) celebrates a historic achievement as its interdisciplinary student team, "HML", clinched the Asia and Oceania regional championship and ranked third globally in the 2024 Bloomberg Global Trading Challenge. This feat marks the first time a team from a Chinese mainland university has claimed the regional title in this prestigious competition.
The Bloomberg Global Trading Challenge is a global financial trading simulation contest that provides students with a realistic investment environment to test their market analysis, investment decision-making, and teamwork skills. The 2024 edition saw over 2,500 teams with approximately 13,000 participants from top universities worldwide.
"HML", comprising Danxu Zhang, Yang Li, Jingfeng Li, Xinyu Wang, and Yuxuan Jiang, demonstrated exceptional trading strategies and teamwork. They began with a virtual investment fund of one million US dollars, analysing data and global economic trends to formulate and execute investment strategies over a month, culminating in a remarkable return on investment.
Yang, a key decision-maker in the team, highlighted the importance of UNNC's interdisciplinary approach: "UNNC advocates interdisciplinary learning, which has fostered seamless collaboration between us and our business peers. The rigour of engineering, combined with logical thinking and business theory, complements each other, aiding us in making more diversified decisions in complex markets."
The team's outstanding performance was underpinned by UNNC's forward-thinking vision and cutting-edge industry insights. The 12 Bloomberg Terminals in UNNC's Fintech Lab were instrumental in the decision-making process for the competing student teams. "HML" members noted that through intensive learning and practice on the Bloomberg Terminals over a month, they mastered core skills such as obtaining real-time data and analysing market trends, and were able to conduct precise financial modelling and forecasting.
This victory underscores UNNC's dedication to equipping students with practical skills for the global finance sector and highlights the importance of interdisciplinary education in achieving success on an international stage.
Published on 27 December 2024