Core Viewpoint - The article highlights the significant contributions of Bai Qinxian to the field of finance in China, emphasizing his dedication to academic research and the development of financial theories that align with China's reform and opening-up policies [2][28]. Group 1: Academic Contributions - Bai Qinxian's new book "Financial Power: A New Resource School and Financial Resource Theory Perspective" was released, marking a culmination of his lifelong academic efforts [2][27]. - He has been a pioneer in financial theory in China, developing concepts such as "Comparative Financial System Theory," "Policy Financial Theory," and "Financial Resources and Sustainable Development Theory" [8][20]. - His work has been recognized for its practical application, aiming to serve the needs of China's economic reforms and enhance the country's financial discourse [29][35]. Group 2: Personal Journey and Philosophy - Bai Qinxian chose to return to China instead of pursuing opportunities in the U.S. during a time when many sought to emigrate, reflecting his commitment to his homeland [28][45]. - He emphasizes the importance of perseverance in academic research, stating that he rarely gives up on projects he carefully chooses to undertake [38][39]. - His teaching philosophy focuses on nurturing talent, with a strong belief that a successful educator should cultivate students who surpass their own achievements [11][36]. Group 3: Current Perspectives and Future Directions - Bai Qinxian believes that the current geopolitical landscape, particularly the U.S.-China trade tensions, marks a significant shift in global power dynamics, with China becoming increasingly strong [45]. - He stresses the need for a unique Chinese financial discourse that reflects the country's values and practices, distinguishing it from Western models [30][35]. - The ongoing development of financial technology poses challenges and opportunities for traditional finance, necessitating a clear understanding of the principles of socialist finance [37][43].