2. Generally, domestic universities do not offer this major alone, but only finance and financial engineering. There are many definitions of financial engineering, and JohnFinnerty, an American financial economist, puts forward the best definition: financial engineering includes the design, development and implementation of innovative financial instruments and financial means, as well as creative solutions to financial problems.
3. 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 adopts the broad concept of financial engineering.