1. The concept of financial mathematics Financial mathematics, also known as mathematical finance, mathematical finance and analytical finance, uses mathematical tools to study finance, and conducts quantitative analysis such as mathematical modeling, theoretical analysis and numerical calculation, so as to discover the inherent laws of finance and guide practice. Financial mathematics can also be understood as the application of modern mathematics and computing technology in the financial field. Therefore, financial mathematics is a new interdisciplinary subject, which develops rapidly and is one of the most active frontier disciplines at present.

Financial engineering has two concepts: narrow sense and broad sense. Narrow financial engineering mainly refers to the use of advanced mathematics and communication tools, on the basis of existing basic financial products, to carry out different forms of combination decomposition, in order to design new financial products that meet customer needs and have specific profit and loss characteristics. Financial engineering in a broad sense refers to all technological developments that use engineering means to solve financial problems. It includes not only financial product design, but also financial product pricing, trading strategy design, financial risk management and other aspects. This paper explains the concept of financial engineering in a broad sense.

Second, the purpose of financial mathematics course

1. Explain and analyze the basic principles of actuarial mathematics and finance;

2. Evaluate and study the contemporary problems in financial and insurance actuarial business;

3. Apply mathematical and statistical tools to analyze complex financial products and actuarial business;

4. Design and evaluate the pricing of derivative securities with quantitative models, manage trading strategies and simulate market scenarios;

5. Engaged in accounting and marketing activities, technical risk management and project portfolio evaluation;

6. Pay attention to and criticize the explanation of business problems and quantify financial risks with the most advanced methods;

7. Carry out general practice and financial engineering actuarial in an intelligent way.

Three. Core course of financial mathematics

1. Mathematical methods of financial and insurance actuarial science

2. Financial and insurance actuarial science

investment

4. Actuarial science

5. Numerical method

6. Data Warehouse and Data Mining

7. The advanced theme is financial engineering.

8. Fixed income securities

9. Credit risk management

10. Statistical modeling in risk management

1 1. Business forecasting method

12. Data mining technology

The above courses are for reference only, and the courses of different institutions will be different.

4. Recommended by prestigious schools

1. Hong Kong University of Science and Technology: Financial Mathematics

2. City University of Hong Kong: Financial Engineering, Finance and Actuarial Mathematics

3. Hong Kong Polytechnic University: Applied Mathematics of Science and Technology (Actuarial and Investment Science)

4. Hong Kong Baptist University: Financial Mathematics, Operational Research, Business Statistics.