2024/08/05 by Zhao, Shujuan, Lingfeng Qiao, Qiao, Lingfeng +8 · 1 citation
Business, Management and Accounting · Decision Sciences · #Computation and Language (cs.CL) #FOS: Computer and information sciences #FinTech, Crowdfunding, Digital Finance #Financial Distress and Bankruptcy Prediction #Stock Market Forecasting Methods
paper · pdf · doi:10.48550/arxiv.2408.02302
openalex publication_date 2024/08/05 · openalex created_date 2025/01/17 · openalex updated_date 2026/07/28
Large language models (LLMs) have become powerful tools for advancing natural language processing applications in the financial industry. However, existing financial LLMs often face challenges such as hallucinations or superficial parameter training, resulting in suboptimal performance, particularly in financial computing and machine reading comprehension (MRC). To address these issues, we propose a novel large language model specifically designed for the Chinese financial domain, named SNFinLLM. SNFinLLM excels in domain-specific tasks such as answering questions, summarizing financial research reports, analyzing sentiment, and executing financial calculations. We then perform the supervised fine-tuning (SFT) to enhance the model's proficiency across various financial domains. Specifically, we gather extensive financial data and create a high-quality instruction dataset composed of news articles, professional papers, and research reports of finance domain. Utilizing both domain-specific and general datasets, we proceed with continuous pre-training on an established open-source base model, resulting in SNFinLLM-base. Following this, we engage in supervised fine-tuning (SFT) to bolster the model's capability across multiple financial tasks. Crucially, we employ a straightforward Direct Preference Optimization (DPO) method to better align the model with human preferences. Extensive experiments conducted on finance benchmarks and our evaluation dataset demonstrate that SNFinLLM markedly outperforms other state-of-the-art financial language models. For more details, check out our demo video here: https://www.youtube.com/watch?v=GYT-65HZwus.