After all the reviews were completed, Chen Xi closed the report.
The summary page on the screen displays the rating distribution of all Henglong System positions in the current quarter--
The vast majority are "Hold", a few are marked "Continuous Tracking", and none of them trigger an early warning.
She picked up the water glass at hand and took a sip to moisten her throat.
"The above is the entire content of this quarterly review.
The core variable tracking, independent Model verification and risk warning review of all positions have been completed.
Members, do you have any additional comments?"
Zhao Chen put Zisha Pot on the table and was about to announce the adjournment of the meeting when Shen Jue suddenly raised his hand.
"I have a temporary proposal."
She didn't open any documents, she just folded her hands on the stack of review materials in front of her.
His gaze slowly swept from one side of Long Table to the other,
"Today's quarterly review is the first time since Henglong Investment Management Charter revised all positions -
Including the historical judgment of Chairman - put it through the same set of standards.
Research Institute prepared for nearly two weeks, and Legal Department confirmed compliance item by item.
Investment Decision Committee Every committee member received complete materials two days in advance.
The process itself is as important as any position reviewed today.
I propose that while everyone is here today, please ask Zhao Zong to summarize the operation of the Henglong institutional framework.
It's not about summarizing the performance of a particular position - it's about summarizing the system itself.
From the establishment of Investment Decision Committee to the listing of Research Institute, from Fairy Mountain Meeting to today's first quarterly review,
How does this framework perform and what areas need to be corrected?
This summary does not need to be long or written into a formal document.
But I think today's meeting should leave a conclusion about the system itself."
Song Zhongping put the tea cup that was brought to his mouth back on the table, and the bottom of the cup hit the glass table with a soft sound.
He turned his head and looked at Chen Qiming. Chen Qiming closed the laptop and leaned back in his chair.
Xu Yong took off his glasses and wiped them. After putting them on again, his eyes fell on Zhao Chen.
Zhang Qingxue opened the legal memorandum, turned to a blank space on the page, and pulled off the Fountain Pen cap.
Chen Xi put the Research Institute review report aside and reopened a blank document window.
Zhao Chen looked at Shen Jue for a moment, then took out his own Fountain Pen from the pen holder,
Turn the review material in front of you to the blank space on the last page.
"Director Shen I accept this proposal.
Today's quarterly review is not just about a few positions -
There is also the system itself of Henglong.
From the establishment of Investment Decision Committee to today, I have never done a systematic review of the operation of the system in Formal Occasion.
While everyone is here today, I will make a summary.
This summary will not form a formal document and will not be archived, but you can remember it."
He put Fountain Pen on paper without making a draft, and started talking directly from the day Investment Decision Committee was established.
"Henglong Investment Decision-Making Committee's first meeting,
The core issue under discussion is the transfer of Decision-Making Rights worth more than 500 million in a single transaction from Chairman's Office.
At that time Director Shen asked me a question at the meeting - 'Are you ready that Henglong is no longer your Henglong?'
I replied that if Investment Decision Committee vetoes my proposal, I will accept it and accept it in action.
That was the starting point of Institution-Driven Model. From that day on, Henglong's Decision-Making Rights were no longer concentrated in the hands of one person."
He turned the page and continued to write a few lines.
"Later New Delhi Flu broke out.
During that time I did something I had never done before -
I repackaged all the decisions I had made over the past few years that relied on intuition.
The conclusion is that intuition only tells me 'where', but 'how to go' - I figured it out step by step.
This conclusion directly promoted the system upgrade on Fairy Mountain Meeting.
At that meeting, we put Emergency Decision-Making Mechanism, which was temporarily activated during the epidemic--
Independent Model cross-validation, Investment Decision Committee collective deliberation, batch buying rhythm control--
Officially solidified into the core terms of Henglong Investment Management Charter."
His speaking speed is neither urgent nor slow, and each paragraph only extracts the core nodes.
"Then Research Institute is listed.
Research Institute's task is not to make decisions, but to use data and Model substitution systems to pass the first hurdle in front of Investment Decision Committee.
Today's quarterly review is the first complete operation of this institutional framework.
Chen Xi's independent Model, Aunt Zhang's compliance confirmation, Investment Decision Committee's independent review by each committee member--
The three levels are independent of each other and check and balance each other. I passed it for the first time today."
He put the pen on the paper and raised his head.
"Henglong took a while to complete the transformation from 'Person-Driven' to 'Institution-Driven'.
From now on, Henglong will never rely on one person's intuition in any extreme situation.
This system has independent Model cross-validation, Investment Decision Committee collective deliberation, Legal Department compliance traces, and a quarterly review mechanism for regular backtracking.
The system itself is self-correcting and does not require anyone to think of a framework when a crisis strikes."
He paused and glanced at the faces of everyone present one by one.
"But the system is not omnipotent.
Today's review also exposed an area for improvement -
There is still a time lag between the Model update cycle of Research Institute and the actual fluctuation rhythm of the market.
Chen Xi mentioned this problem in Bidiya Supply Chain delay analysis.
The solution is not to shorten the review cycle, but to increase Trigger-Based Review Mechanism--
When core variables experience abnormal fluctuations beyond the preset threshold, a temporary review is automatically triggered without waiting until the next quarter.
This mechanism will be officially activated starting from the next review."
Shen Jue wrote this down in his notebook.
Chen Xi added a line of remarks at the end of the Research Institute review report:
"Trigger-Based Review Mechanism will be enabled from the next review, and the threshold standard will be submitted by Research Institute to Investment Decision Committee for review two weeks before the next review."
Zhao Chen Put down the pen.
"The above is an overall review of the Henglong institutional framework from its launch to today's first quarterly review.
I will organize what I said today into a written summary, titled "From Memory-Driven to Institution-Driven".
This summary is only printed in hard copy and can only be circulated within the inner core circle of Henglong and Board of Directors.
It will not be released to the public and will not be archived in any public Information Disclosure system.
After the meeting, Liu Mingyu will be delivered to everyone one by one."
Zhang Qingxue raised his hand to indicate.
She turned the page of the legal memorandum in front of her and tapped the pen tip lightly on one of the paragraphs.
"Xiao Chen, if your summary is formed into a written document,
Even if it is only circulated internally, it is still necessary to register the version number and circulation range.
This is a requirement for Henglong internal file management.
I will file a circulation record at the Legal Department, without archiving the document content itself, only recording the version number and circulation range."
Zhao Chen nodded. "Follow your process."
Shen Jue Stand up.
She did not leave immediately, but stood at the conference table,
Take the last page of that review material--
Zhao Chen Picked up the page where I just summarized the main points and looked at it for a while.
"I asked you in the teahouse at the beginning of the year what you were afraid of. You didn't answer me directly.
Later you said on Fairy Mountain Meeting that Henglong is not yours, Henglong is this system - at that time you were talking about the future.
Today you have cashed in the future into this summary. From the establishment of Investment Decision Committee to the listing of Research Institute,
From Fairy Mountain Meeting to today's first quarterly review, every node is here.
I will keep this summary. It is not for archiving.
This is for Henglong when you encounter any difficulties again in the future,
Someone can come up with a document and tell everyone - we no longer rely on anyone's intuition."
Zhao Chen picked up Zisha Pot and poured a cup of tea.
The rain outside the window has completely stopped, and the sunlight leaks through the gaps in the clouds, casting a clean strip of light on the conference table.
He put the tea cup on the table, and the sound of the bottom of the cup hitting the wooden table was particularly clear in the quiet Meeting Room.
"The meeting is dismissed," he said.