It was an astonishing and inspiring talk.
The two most insightful concepts that I got was not what he kept emphasis on boosting sales in non-funding product.
Rather it is about his view on RMB internationalization while answering a floor question on how he views BxC being the settlement bank of RMB. First, he believes that China's back may not be able to internationalize RMB as they lack ability to adapt to other local culture or just simply do business for the chinese in other local countries. While as an international bank, we have the ability to internationalize RMB. Besides, the more internationalize RMB is, the bigger the piece of cake will be resulting a larger portion of the cake we will obtain and also he didn't believe at that moment there will still be one settlement bank.
His views on this business was astonishing, not simply because of how he view the RMB business, but rather his thinking methodology and ability to handle competition. He finds our niche and competitive advantage rather than simply complaining why we aren't the settlement bank for RMB. Apart from this, he finds opportunities rather than simply seeing competition. By expanding the business opportunities, we need not focus on internal competition as we all gain profit from expanding rather than eating up competitors' profit.
This is how a leader shall think and how we shall learn from if we have the ambition to be in his position one day.
The second point he mentioned is the lack of patience of the young generation. He stated that the "elder people" shall understand the young generation of lacking patience, which they wont have the patience to wait for several years to get promoted from band 9 to say 5. While his advice to the youngsters are to be patient.
Yes, this is so true. A lot of high-fliers within the company left just because they cant wait for one or two years to get promoted as manager from MT or AM. They immediately go to another position with a higher ranking in title, and better department name say regional xxx or some traditional profit making business teams. However, two points to question are: is the person ready to be manager or get promoted. You may find it the same paste as others who get quickly promoted, yet if your foundation is not strong enough, this my hinder your future development, resulting a longer duration as manager or a low rank as your promotion celling. Besides, a traditionally good business line or function, does it implies a continous growth or expansion on that business, or whether it is already a saturated business? As a young man, we should be visionary. To be able to see further, but at the same time having patience to complete stuff that occurs in front of us. It is never contradicting, and both can co-exist. Prepare yourself and at the same time learn to complete the tasks in front of you, and move forward step by step.