Caixin
Nov 13, 2019 05:11 PM

Credit Suisse hosts the 10th China Investment Conference to explore the country’s ‘Great Expectations’

Shenzhen, November 6, 2019 – The Credit Suisse China Investment Conference (CIC) starts today in Shenzhen, concluding on November 8. This year’s CIC explores the theme of ‘Great Expectations’ – a topic that embraces the continued progression of China and the advancement of some of the country’s most dynamic companies against the current geopolitical and macroeconomic backdrop.

The conference welcomes more than 1,000 attendees from the global investment community and representatives from over 150 companies, accounting for over USD 2,770 billion in total market capitalization. Some 4,000 meeting interactions are scheduled to take place during the event.

Xuefeng Ai, Vice Mayor of Shenzhen, and Hui Li, Executive Vice President of the Shenzhen Stock Exchange, are among the guests in attendance on the first day of the conference.

Now in its tenth year, the CIC will feature thought leaders and prominent industry experts who will add unique and multi-dimensional insights to the theme of ‘Great Expectations’. Among the key topics to be discussed include how China will react to challenges and opportunities, the role entrepreneurs will play in China’s future growth, and where investors can find near and longer term investment opportunities.

“As one of the most exclusive business gatherings in the Greater China region, the CIC brings to bear differentiated views from entrepreneurs, institutional and private investors, industry experts, and academic figures. Now in its 10th year, the conference has a strong track record of offering diverse perspectives on underlying trends to inform investment decisions amidst global uncertainty,” said Helman Sitohang, CEO for Asia Pacific, Credit Suisse.

“Fostering connectivity amongst clients and across geographies, the CIC underscores our position as the Bank for Entrepreneurs in Asia Pacific. The CIC is bigger this year than ever before. It leverages our broad capabilities, drawing on our thought leadership content in Asia and globally, and the bank’s network as a trusted partner to clients,” he added.

Where next for US-China trade?

US-China trade relations have been in the global spotlight for more than a year, and while talks between the two countries are continuing, the cycle of tariff and counter-tariff has not been concluded. To counter the trade sentiment, the financial markets are expecting Beijing to introduce broad-based measures to stimulate growth. At the CIC, former Chairman of the China Banking Regulatory Commission, Mingkang Liu, guides the CIC audience through the prospects for China’s economic growth.

Meanwhile, Lawrence H. Summers, former US Secretary of the Treasury in the Clinton Administration, shares his perspectives on the possible ripple effects of the current discussions on global trade and the macroeconomic outlook, as well as the consequences for geopolitical stability.

Recent signs of a global economic slowdown and increasing geopolitical tension have led to broader discussions among governments about global trade and whether the system is balanced. In another macroeconomic session, Yongtu Long, China’s former Vice Minister of Foreign Trade and Economic Cooperation, shares insights with the CIC audience on the adjustments China needs to consider making to its trade policy and what it can learn from history.

Trailblazing technology

While the macroeconomic environment remains somewhat volatile, China’s great expectations are perhaps most evident in the area of technology. Take the example of robotics. China is the world’s largest market for industrial robots and the Greater Bay Area is emerging as a center of robotics innovation and manufacturing. Eden Lu, Founder of Roborn Dynamics, discusses how robotics technology can be effectively integrated into the human ecosystem and the commercial opportunities for humanoid robots.

Another area where technology is blazing a trail is in education. Julius Luo, CFO of China’s leading online education company TAL Education Group, discusses the topic at the CIC, focusing on how the company is embracing 5G and artificial intelligence to deliver education services and where the sector is heading next.

Electric vehicles enters a new era

China is also harnessing technology to tackle problems such as carbon emissions. By some margin, China is home to the world’s largest market for electric cars. However, with the government reducing the subsidies that have helped to deliver a rapid rise in sales, the industry is faced with finding ways to remain competitive. Alex Xie, Managing Director and Partner at the Boston Consulting Group, steers the CIC audience through the outlook for China’s new energy vehicle market.

Meet the game changers

Sports have always had the power to entertain and unite people across borders, but in the past, it has been difficult for athletes from China and the wider Asia region to break through to a global audience. Hua Fung Teh, Group President at ONE Championship and a Taekwondo black-belt holder, shares his insights into how his company intends to change the future of professional sports in Asia.

The CIC also examines how technology has the potential to disrupt China’s retail industry. Charles Lu, Chairman of China’s home-grown chain Luckin Coffee, which raised USD 695 million from a US IPO earlier this year, shares his thoughts on how the company is serving up an enhanced customer experience with its technology-driven retail model.

Please visit the CIC website for the latest news about the conference.

 

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Yukmin Hui, yukmin.hui@credit-suisse.com, +852 2101 6041

Edith Chen, yisi.chen@credit-suisse.com, + +852 2101 7056

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Credit Suisse is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 46,360 people. The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. Copyright © 2019 Credit Suisse Group AG and/or its affiliates. All rights reserved.


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