Two Sessions Economic Policies In Review
The Two Sessions are always of interest to the market for the key economic policies unveiled by Chinese leaders. At this year’s Two Sessions, China decided not to set a GDP growth target for the first time in decades, raised the budget deficit ratio above a long-held “red line,” issued special treasury bonds for the first time in the last 2 decades, and rolled out a host of measures to buoy employment and support economic recovery from Covid-19.
How should we evaluate China’s stimulus package? What implications are there for investors? Join global experts to discuss the outcomes of China's Two Sessions in this crucial year in a closed door webinar June 9, co-hosted by Caixin Global Intelligence and Premia Partners.
Tuesday June 9, 15:00-16:20 Beijing Time/9:00-10:20, CET
- What is the rationale behind abandoning annual growth target?
- Why does China increase its fiscal deficit target far from market expectation?
- How to revive consumption and expand internal demand in China?
- How is “new infrastructure” development favored and supported?
- What is China’s economic outlook? How to evaluate China’s efforts to revitalize economy out of a coronavirus-induced crisis?
- What are potential investment opportunities in the context of newly released policies?
Lu Ting, Managing Director and Chief China Economist, Nomura
Kinger Lau, Chief China Equity Strategist, Goldman Sachs
Leon Liang Meng, Founding Managing Partner, Ascendent Capital Partners
Li Zengxin, Director, Caixin Global Intelligence
Li Xin, Vice President, Caixin Media; Managing Director, Caixin Global
Appendix1： Speaker Biographies
Managing Director and Chief China Economist, Nomura
Ting Lu is currently a Managing Director and Chief China Economist. He joined Nomura in May 2018 from Huatai Securities, where he was most recently Chief Economist and Global Head of Research, Institutional Sales & Trading. Prior to that, he was Head of Greater China Economics at Bank of America Merrill Lynch. As an economist, Dr. Lu has been top ranked in many surveys including No.1 in Institutional Investor’s All-Asia surveys in 2013, 2014 and 2015. While at Huatai, he helped build the research, equity sales and trading teams in Hong Kong, and significantly improved the company’s research and sales teams in Mainland China. Dr. Lu holds a PhD in Economics from the University of California, Berkeley, and MA and BA in Economics from Peking University. He’s also a CFA Charter holder.
Global Investment Research Hong Kong, Goldman Sachs
Kinger is the chief China equity strategist in Macro Research, covering China onshore and offshore equities as well as China-linked markets in Hong Kong and Taiwan. Previously, he was on the Asia Pacific Strategy Research team. Kinger joined Goldman Sachs in 2004 and was named managing director in 2015. Kinger earned a Bachelor of Commerce, with honors, from the University of British Columbia and a master's degree in finance from the London School of Economics. He is a CFA charterholder and a certified public account.
Leon Liang Meng
Founding Managing Partner, Ascendent Capital Partners
Prior to founding Ascendent Capital Partners, Mr. Meng was a Managing Director of D.E. Shaw & Co., where he started and managed the firm’s Hong Kong office and was founder and CEO of D.E. Shaw’s Greater China Private Equity Unit. Before joining the D.E. Shaw group, Mr. Meng was a managing director of JP Morgan Securities (Asia Pacific) Limited and co-head of that firm’s China investment banking activities. He served on JP Morgan’s Asia Pacific M&A Committee and China Business Engagement Committee. During his over a decade investment banking career, Mr. Meng led and completed over US$40 billion equity, debt, hybrid, and restructuring transactions in the U.S. and Asia Pacific. Mr. Meng earned his M.B.A. from the Yale School of Management, where he currently is the Co-Chairman of the Greater China Advisory Board. Mr. Meng is a Donaldson Fellow of the Yale School of Management.
Deputy General Manager, Caixin Global
Formerly global editor of Caixin Media, Zengxin has been with Caixin since its inception in 2009. He has been US bureau chief, deputy editor of international desk, editor of macroeconomics desk respectively, leading in international finance and business news coverage. Zengxin has also played key roles on international conferences as a lead reporter or organizer, such as Caixin Summits and Roundtables around the world. Prior to Caixin, Zengxin was a macroeconomics reporter and US correspondent for Caijing Magazine, from 2008 to 2009. Before that, Zengxin was an economic reporter at China Daily. Zengxin graduated from University College London with a Master of Science degree in economics.
Vice President of Caixin Media, Managing Director of Caixin Global
Li Xin is Vice President of Caixin Media and Managing Director of Caixin Global, leading the company’s global news and intelligence services, as well as Caixin’s international branding and global events. Before Caixin, she was the Managing Editor of the Chinese Wall Street Journal and Chinese Dow Jones newswire. This is her second stint at Caixin, where she was formerly the Managing Editor of Caixin: China Economics & Finance, an English-language magazine, and Caixin Online at Caixin Media.In 2006, she founded Caijing Magazine’s first bureau in the United States, as a correspondent of politics and economics. Li was a documentary producer at China Central Television between 2001 and 2004.
Li holds a bachelor degree from Tsinghua University, a master degree the journalism school of University of Missouri-Columbia and an Executive MBA degree from Cheung Kong Graduate School of Business. She is an Aspen China Fellow and a member of the Aspen Global Leadership Network, as well as a member of the International Media Council at the World Economic Forum. She is the co-chair of China Council for World Economic Forum Future Councils.
Appendix2： About the Host
Caixin Global Virtual Event Platform
Caixin Roundtable Live invites top experts to share insights from their respective fields. Caixin Roundtable Live audiences include business leaders, government officials, financial professionals, industry experts, academic leaders from around the world. Your valuable insights will also be published on Caixin’s media platforms. The March 17 Roundtable featured Prof. Larry Summers and Prof. Zhu Min discussing the global economic impact of Covid-19, and the April 17 Roundtable brought PBOC governor Yi Gang, Hong Kong Monetary Authority Chief Executive Eddie Yue, IMF Chief Economist Gita Gopinath and other economic policy makers and financial leaders together to discuss prospects for the global economy, fintech and the RMB as a freely usable currency. The June 2 Roundtable invited Former president of the World Bank Dr. Jim Yong Kim and Dr. Zhang Wenhong sharing the overview of countries' public health responses, lessons and experiences we've learnt, and the road of resumption. Other information about previous roundtables can be accessed here.
Premia Partners was founded in Hong Kong in 2016, by a group of enthusiasts who believe in enabling investors with efficient investment tools and see enormous scope for innovation in the Asian ETF industry in Asia, and for Asia. The Premia CSI Caixin China New Economy ETF (ticker: 3173 HK/ 9173 HK) was winner of the 2019 HKEx Top Performing ETF Award with 45.2% return during the year. For more information on Premia or our ETFs covering China, Asia Innovative Technology, Emerging ASEAN, Vietnam, US Treasury or any subject, please visit www.premia-partners.com or follow the Premia linkedin page, or message email@example.com
- MOST POPULAR