Fufang Wen

Xuan Xu, Fufang Wen, Beilin Chu et al.

In natural language processing (NLP), the focus has shifted from encoder-only tiny language models like BERT to decoder-only large language models(LLMs) such as GPT-3. However, LLMs' practical application in the financial sector has revealed three limitations: (1) LLMs often perform worse than fine-tuned BERT on discriminative tasks despite costing much higher computational resources, such as market sentiment analysis in financial reports; (2) Application on generative tasks heavily relies on retrieval augmented generation (RAG) methods to provide current and specialized information, with general retrievers showing suboptimal performance on domain-specific retrieval tasks; (3) There are additional inadequacies in other feature-based scenarios, such as topic modeling. We introduce FinBERT2, a specialized bidirectional encoder pretrained on a high-quality, financial-specific corpus of 32b tokens. This represents the largest known Chinese financial pretraining corpus for models of this parameter size. As a better backbone, FinBERT2 can bridge the gap in the financial-specific deployment of LLMs through the following achievements: (1) Discriminative fine-tuned models (Fin-Labelers) outperform other (Fin)BERT variants by 0.4%-3.3% and leading LLMs by 9.7%-12.3% on average across five financial classification tasks. (2) Contrastive fine-tuned models (Fin-Retrievers) outperform both open-source (e.g., +6.8\% avg improvement over BGE-base-zh) and proprietary (e.g., +4.2\% avg improvement over OpenAI's text-embedding-3-large) embedders across five financial retrieval tasks; (3) Building on FinBERT2 variants, we construct the Fin-TopicModel, which enables superior clustering and topic representation for financial titles. Our work revisits financial BERT models through comparative analysis with contemporary LLMs and offers practical insights for effectively utilizing FinBERT in the LLMs era.

Xuan Xu, Beilin Chu, Qinhong Lin et al.

In recent years, large language models (LLMs) have demonstrated significant potential in constructing passage retrieval datasets. However, existing methods still face limitations in expressing cross-doc query needs and controlling annotation quality. To address these issues, this paper proposes a bidirectional generation pipeline, which aims to generate 3-level hierarchical queries for both intra-doc and cross-doc scenarios and mine additional relevance labels on top of direct mapping annotation. The pipeline introduces two query generation methods: bottom-up from single-doc text and top-down from multi-doc titles. The bottom-up method uses LLMs to disassemble and generate structured queries at both sentence-level and passage-level simultaneously from intra-doc passages. The top-down approach incorporates three key financial elements--industry, topic, and time--to divide report titles into clusters and prompts LLMs to generate topic-level queries from each cluster. For relevance annotation, our pipeline not only relies on direct mapping annotation from the generation relationship but also implements an indirect positives mining method to enrich the relevant query-passage pairs. Using this pipeline, we constructed a Financial Passage Retrieval Generated dataset (FinCPRG) from almost 1.3k Chinese financial research reports, which includes hierarchical queries and rich relevance labels. Through evaluations of mined relevance labels, benchmarking and training experiments, we assessed the quality of FinCPRG and validated its effectiveness as a passage retrieval dataset for both training and benchmarking.

Fufang Wen, Shichang Zhang

Large language models (LLMs) store vast amounts of knowledge, which often requires updates to correct factual errors, incorporate newly acquired information, or adapt model behavior. Model editing methods have emerged as efficient solutions for such updates, offering localized and precise knowledge modification at significantly lower computational cost than continual training. In parallel, LLMs are frequently fine-tuned for a wide range of downstream tasks. However, the effect of fine-tuning on previously edited knowledge remains poorly understood. In this work, we systematically investigate how different fine-tuning objectives interact with various model editing techniques. Our findings show that edited knowledge is substantially more susceptible to forgetting during fine-tuning than intrinsic knowledge acquired through pre-training. This analysis highlights a key limitation of current editing approaches and suggests that evaluating edit robustness under downstream fine-tuning is critical for their practical deployment. We further find that knowledge retention can be significantly improved by either augmenting edit knowledge with paraphrases or by freezing layers associated with edited content in fine-tuning stage, offering insight for developing more robust editing algorithms.

Fufang Wen, Jiaqi Jiang, Jonathan A. Fan

Generative adversarial networks, which can generate metasurfaces based on a training set of high performance device layouts, have the potential to significantly reduce the computational cost of the metasurface design process. However, basic GAN architectures are unable to fully capture the detailed features of topologically complex metasurfaces, and generated devices therefore require additional computationally-expensive design refinement. In this Letter, we show that GANs can better learn spatially fine features from high-resolution training data by progressively growing its network architecture and training set. Our results indicate that with this training methodology, the best generated devices have performances that compare well with the best devices produced by gradient-based topology optimization, thereby eliminating the need for additional design refinement. We envision that this network training method can generalize to other physical systems where device performance is strongly correlated with fine geometric structuring.