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Opening Addresses

Macroeconomic Outlook for China and the World Photo
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HU Shuli
HU Shuli

Founder & Publisher, Caixin Media

(Audio in Chinese) China is one of the economies that have benefited the most from globalization. It must defend and improve the global multilateral trade, monetary and financial systems, so that people in every corner of the world can rebuild their confidence in the institutions. The priority for China is to open more widely its door to the outside world.

LAM CHENG Yuet-ngor
Carrie LAM CHENG Yuet-ngor

Chief Executive, Hong Kong Special Administrative Region, People’s Republic of China

(Audio in Chinese) The Hong Kong government has to actively adapt to changes arising from China’s reform and opening up in the new era to seize opportunities. In a world where competition is increasingly intense, governments must be more active and more ambitious. The SAR government aims to become a dealmaker and a promoter while maintaining its existing roles of service provider and supervisor. The SAR government is hoping to sign more bilateral and multilateral agreements with other regions, including free trade pacts.

Macroeconomic Outlook

Macroeconomic Outlook for China and the World Photo
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CHAN Tak-Lam
Norman CHAN Tak-Lam

Chief Executive, Hong Kong Monetary Authority

(Audio in Chinese) Mainland Chinese companies should actively consider introducing international capital while carrying out projects under the Belt and Road Initiative (BRI). A win-win situation will be created if the firms can involve more international institutional investors in the BRI projects through loans, bonds and equity investment.

CHEN Wenhui
CHEN Wenhui

Vice Chairman, China Banking and Insurance Regulatory CommissionChina Banking and Insurance Regulatory Commission

(Audio in Chinese) Risks in China’s banking and insurance industries are under control and authorities will move risk prevention and control into an even more prominent position among policy priorities. China’s financial industry must not seek only profits, or it will become a sector prone to speculation. Separately, policymakers are studying ways to make financial services, including car insurance, in the Guangdong-Hong Kong-Macau Greater Bay Area more convenient and affordable.

FANG Xinghai
FANG Xinghai

Vice Chairman, China Banking and Insurance Regulatory CommissionChina Banking and Insurance Regulatory Commission

(Audio in Chinese) China should early on team up with other nations sharing the goal of modernizing themselves, to create and maintain a global system that promotes modernization of all countries. Otherwise China’s own modernization will face challenges.

Growth in Guangdong-Hong Kong-Macau

Roundtable HK 20180608 Panel1
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XU Ze
XU Ze

President of the Chinese Association of Hong Kong & Macao Studies

(Audio in Chinese) The Greater Bay Area is envisaged to serve not just trade cooperation between cities in the region, but more importantly for implementation of China’s Belt and Road Initiative. The area should take full advantage of being in the same country while enjoying two different political institutions.

LI Tong
LI Tong

Chief Executive Officer and Executive President of BOCI

(Audio in Chinese) The Guangdong-Hong Kong-Macau Greater Bay Area has the potential of becoming the equivalent of the world’s existing best bay areas. However, it faces shortcomings and challenges, such as the rather fragmented and independent development of Guangdong province, Hong Kong and Macau. The flow and integration of resources and other production factors could be restrained as the three places have different political institutions, three currencies and are three different customs territories. Meanwhile, the positioning of cities in the area needs to be further clarified so that they can develop their specialized fields to complement each other’s growth.

Business Opportunities in Guangdong-Hong Kong-Macau

Roundtable HK 20180608 Panel2
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CHI Fulin
CHI Fulin

President, China Institute for Reform and Development

(Audio in Chinese) Hainan and Hong Kong are not rivals and the island province does not intend to replace the city as a free trade hub. Hainan should learn from Hong Kong’s success in building itself into a free trade port, and its experience in developing duty-free shopping, entertainment and horse-racing.

GUO Wanda
GUO Wanda

Executive Vice President of China Development Institute (CDI); Vice Chairman, Chinese Association of Hong Kong & Macao Studies

(Audio in Chinese) The free flow of people and production factors will be a tricky issue in the building of the Greater Bay Area. Innovation in reform and opening-up policies is needed to make the flow of production factors within the area more convenient and effective, if not totally free.

Keynote Speeches

Roundtable HK 20180608 Keynote Speeches
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CHAN Mo-po
Paul CHAN Mo-po

Financial Secretary, The Government of the Hong Kong Special Administrative Region

(Audio in Chinese) Hong Kong has played a key role in different stages during mainland China’s reform and opening up over the past four decades. Hong Kong should further integrate its financial development with the growth of mainland China in seven areas.

SHIH May-lung
Laura CHA SHIH May-lung

Non-Official Member of Executive Council of the Government of Hong Kong SAR; Chairman of the Financial Services Development Council of Hong Kong SAR; Chairman of Hong Kong Exchanges and Clearing Limited

(Audio in Chinese) Hong Kong has indeed come under pressure as mainland China further opens its financial markets and the yuan becomes more widely used around the world. However, as an open market, Hong Kong is familiar with competition, and China as the world’s second-largest economy can comfortably accommodate multiple financial centers in the country. Hong Kong enjoys numerous advantages, including a clean government, highly efficient and transparent markets, regulations with international standards, the “One Country, Two System” policy, and its proximity to mainland China. But Hong Kong also needs to adjust its positioning according to market changes, improve and consolidate its financial industry’s competitiveness, maintain the market’s credibility and attractiveness, and optimize its regulatory framework.

Cross-Border Stock Connect

Roundtable HK 20180608 Parallel1
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BA Shusong
BA Shusong

Managing Director, Chief China Economist, Hong Kong Exchanges and Clearing Limited;Chief Economist, China Banking Association

(Audio in Chinese) After the launch of the stock connect and the bond connect between Hong Kong and mainland bourses, the city should be positioned as a home market for China to participate in international competition. Chinese investors can get a taste of international investment rules and culture in Hong Kong, which will pave the way for regulations and practices to be introduced in exchanges in the mainland.

ZHANG Yichen
ZHANG Yichen

Chairman and Chief Executive Officer, CITIC Capital Holdings Ltd.

(Audio in Chinese) Nasdaq has had a near-monopoly in the pricing, valuation and listing of internet and biotech companies for more than a decade. But the Hong Kong Stock Exchange is now able to compete with the U.S. bourse after the former began allowing firms with dual-class share structures to float, and due to the establishment of arrangements like the Hong Kong-Shanghai stock connect.

SUN Lei
SUN Lei

Founder & CEO of 9F Group

(Audio in Chinese) Hong Kong must upgrade its financial regulatory policies to adapt to changes in how financial services are used amid technological innovation, such as mobile payments and cashless transactions enabled by digitalization. Fintech could be a new growth engine for the city to maintain its competitiveness, as mainland China becomes more open.

Belt and Road Initiative

Roundtable HK 20180608 Parallel2
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HUANG Haizhou
HUANG Haizhou

Managing Director and Management Committee Member, China International Capital Corporation Ltd.

(Audio in Chinese) The inclusion of some A-shares in the MSCI Inc.’s global indexes will have a significant impact on not only A-shares but also H-shares. The move is expected to usher in several important positive changes to the China market, such as the participation of more institutional and international investors, more mature market rules, and more diversified product offerings.

Donald KANAK
Donald KANAK

Chairman, Eastspring Investments; Chairman, EU-ASEAN Business Council

About two-thirds of countries along the Belt and Road Initiative are have growing working-age populations, with a total of 429 million people expected to be added into the labor force in the next 15 years. The BRI’s infrastructure projects and the strengthened economies in those countries will build the basis for them to meet huge employment demands. There should be a greater appreciation of the BRI’s importance as the program may potentially create more stable economic environments.

Finance and Technology Innovation

Roundtable HK 20180608 Parallel3
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YU Shengfa
YU Shengfa

Vice President of Ant Financial

(Audio in Chinese) China’s financial opening will help speed up technological innovation as the country increases its international perspective and learns from other nations.

LIU Sai Keung Thomas
LIU Sai Keung Thomas

COO and Executive Director of Vcredit Holdings Ltd.

(Audio in Chinese) Thanks to the advancement of software and hardware, technologies such as mobile internet, big data and greater computing capabilities will bring forth huge changes to the financial sector.

New Economy and Young Entrepreneurs

Roundtable HK 20180608 Parallel4
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LI Jiange
LI Jiange

Chairman, Board of Trustees of Sun Yefang Foundation; Chancellor, Guangdong-Technion Israel Institute of Technology

(Audio in Chinese) China may take the lead in the world in terms of business-model innovation due to its huge population and ensuing consumption needs. However, the country remains relatively weak in terms of technological innovation. China’s young people need to learn to be skeptical and ask questions before they can become innovators.

Nicolas AGUZIN
Nicolas AGUZIN

Chairman and CEO, J.P. Morgan, Asia Pacific

J.P. Morgan estimates that China now has about 150 “unicorn” companies – startups valued at over $1 billion each – and the number is climbing every day. The companies have a combined valuation of $1.5 trillion. Many of the firms are seeking public or private funding, which will provide important opportunities for investors in the future.

Roundtable

Agenda | June 7th

  • 19:00-21:00

    Welcome Dinner (Invited Only)

    Venue: Harcourt Room, Level LL, Conrad Hong Kong

    Speaker:

    Lawrence LAU, Professor and Former President of Chinese University of Hong Kong

    Host:

    LI Xin, Managing Director, Caixin Global

Agenda | June 8th

  • 08:30-09:30

    Registration

    Venue: Ballroom Salon 5-6, Level 3, JW Marriott Hong Kong

  • 09:30-09:35

    Opening Address

    HU Shuli, Founder & Publisher, Caixin Media

  • 09:35-09:45

    Opening Speech

    Carrie LAM CHENG Yuet-ngor, The Chief Executive, Hong Kong Special Administrative Region, People’s Republic of China

  • 09:45-10:40

    Keynote Speech: Macroeconomic Outlook for China and the World

    Norman T. L. CHAN, Chief Executive, Hong Kong Monetary Authority

    CHEN Wenhui, Vice Chairman, China Banking and Insurance Regulatory Commission

    FANG Xinghai, Vice Chairman, China Securities Regulatory Commission

    OUYANG Weimin, Vice Governor of Guangdong Province; Deputy Party Secretary of Guangzhou

    Moderator: HU Shuli, Founder & Publisher, Caixin Media

  • 10:40-11:40

    Panel I: The Guangdong-Hong Kong-Macau Bay Area: Pursuit of Integrative Growth

    Panelists:

    WEN Guohui, Deputy Party Secretary and Mayor of Guangzhou

    XU Ze, President of the Chinese Association of Hong Kong & Macao Studies

    Antony LEUNG,Group Chairman & CEO, Nan Fung Group; Group Chairman & Co-Founder, New Frontier Group

    LI Tong, Chief Executive Officer and Executive President of BOCI

    ZHU Jianmin, Vice President of Country Garden Group

    Ms. LI Tong, Chief Executive Officer and Executive President of BOCI

    Moderator:

    FANG Fenglei, Founder and Chairman of Hopu Investment Co., Ltd.; Chairman of Goldman Sachs Gaohua Securities

  • 11:40-12:30

    Panel II: Policies and Business Opportunities: The Vision for the Guangdong-Hong Kong-Macau Bay Area and Free Trade Port

    Panelists:

    WANG Jun, President, Guangdong Academy of Social Sciences

    CHI Fulin, President, China Institute for Reform and Development

    GUO Wanda,Executive Vice President, China Development Institute (CDI); Vice Chairman, Chinese Association of Hong Kong & Macao Studies

    Jeffery CHEN, Chief Executive Officer, ZhongAn Insurance

    LING Ke, Chairman of the Board of Directors, Gemdale Group

    Moderator:

    ZHONG Zhengsheng, Chairman and Chief Economist of CEBM Group; Managing Director of Caixin Insight

  • 12:30-13:30

    Business Lunch

    Venue: Ballroom Salon 4, Level 3, JW Marriott Hong Kong

  • 13:30-14:00

    Keynote Speech

    Paul CHAN Mo-po, Financial Secretary, The Government of the Hong Kong Special Administrative Region

    Laura M CHA, Chairman, Hong Kong Exchanges and Clearing Ltd.

    Moderator:

    LI Xin, Managing Director, Caixin Global

  • 14:00-14:15

    Tea Break

  • 14:15-17:00

    Parallel Sessions

    Venue: Parallel Session I & III: Ballroom Salon 5-6, L3, JW Marriott

    Venue: Parallel Session II & IV: Chatham Room, L7, Conrad Hong Kong

  • 14:15-15:30

    Parallel Session I: Cross-border Stock Connect

    Panelists:

    BA Shusong, Managing Director, Chief China Economist, Hong Kong Exchanges and Clearing Limited;Chief Economist, China Banking Association

    ZHANG Yichen, Chairman and Chief Executive Officer, CITIC Capital Holdings Limited

    SUN Lei, Founder & CEO of 9F Group

    Karen CHEN, CEO of Higgs Block

    XIE Yonglin, Deputy General Manager of Ping An Group; Chairman of Ping An Bank

    YIM Fung, Chairman, Executive Director and Chief Executive Officer, Guotai Junan International Holdings Limited

    Moderator:

    GAO Xiqing, Cheng Yu-tung Chair Professor, School of Law, Tsinghua University; Former President and Chief Investment Officer, China Investment Corporation

  • 14:15-15:40

    Parallel Session II: The Belt and Road Initiative and China’s Financial Opening-Up

    Panelists:

    CHEN Zhiwu, Director of Asia Global Institute, Victor and William Fung Professor in Economics, The University of Hong Kong

    HUANG Haizhou, Managing Director and Management Committee Member, China International Capital Corporation Limited

    Donald KANAK, Chairman, Eastspring Investments; Chairman, EU-ASEAN Business Council

    Moderator:

    LI Jiange, Chairman, Board of Trustees of Sun Yefang Foundation; Chancellor, Guangdong-Technion Israel Institute of Technology

  • 15:40-17:00

    Parallel Session III: Finance and Technology Innovation

    Panelists:

    YU Shengfa, Vice President of Ant Financial

    Wayne XU, COO, ZhongAn Online P&C Insurance; President, ZhongAn Technologies International Group

    ZHANG Jinghua, Founder and CEO, Weshare Group

    LIU Sai Keung Thomas,COO and Executive Director of Vcredit Holdings Limited

    Moderator:

    GAO Erji, Vice President of Caixin Media

  • 15:40-17:00

    Parallel Session IV: New Economy and Young Entrepreneurs

    Panelists:

    LI Jiange, Chairman, Board of Trustees of Sun Yefang Foundation; Chancellor, Guangdong-Technion Israel Institute of Technology

    Adrian CHENG, Executive Vice-chairman and General Manager, New World Development Co Ltd;Founder, K11, K11 Art Foundation and Eureka Nova

    Nicolas AGUZIN, Chairman and CEO, J.P. Morgan Asia Pacific

    XU Li, Co-founder and CEO, Sensetime

    Moderator:

    Henry CAI, Chairman of AGIC Capital

  • 17:15-18:30

    Closing Remarks (Invited Only)

    GAO Xiqing,Cheng Yu-tung Chair Professor, School of Law, Tsinghua University; Former President and Chief Investment Officer, China Investment Corporation

    Host:

    GAO Erji, Vice President of Caixin Media

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