Session Summaries

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The opinions and views expressed by any third parties and/or speakers in the Events do not necessarily represent the position of HKTDC. HKTDC shall in no way be responsible for the accuracy, completeness or timeliness of the information provided by them. HKTDC expressly disclaims any liability whatsoever that might arise thereof.

 
MC: Lorraine Hahn
14 January 2013 (Monday) – Day 1
Morning
Opening Session
 
Welcome Remarks
Mr Jack So, GBS, OBE, JP
Chairman, Hong Kong Trade Development Council
 
Opening Remarks
The Hon C Y Leung, GBM, GBS, JP
Chief Executive, Hong Kong Special Administrative Region of the People's Republic of China
Plenary Session – Asia: Shaping the Next Global Landscape
 
As the international centre of economic gravity continues to shift towards Asia, the decisions made by government leaders in this region take on increasing global importance. What policies can contend with the effects of the European sovereign debt crisis, worldwide quantitative easing, and other turbulence in the global economy? What role can China play in this challenging time?
 
Session Chair
Professor the Hon K C Chan, GBS, JP
Secretary for Financial Services and the Treasury, Hong Kong Special Administrative Region of the People’s Republic of China
 
Speakers
.  Mr Guo Shuqing
Chairman, China Securities Regulatory Commission, The People’s Republic of China
.  The Hon Wayne Swan, MP
Deputy Prime Minister and Treasurer, Commonwealth of Australia
.  Dr Charles L Evans
President and Chief Executive Officer, Federal Reserve Bank of Chicago
Plenary Session- Policy Dialogue
 
In the wake of the global financial crisis, many believe that the world needs to revamp the financial system to better serve the real economy and restore investors’ confidence in the financial markets. This session will examine the status and the impact of international and national efforts to reinvigorate growth, ensure credit availability, particularly long-term financing, to support real economic activities, strengthen the regulatory framework and enhance the authorities’ responsiveness to systemic risks.
 
Session Chair
Mr Norman T L Chan , GBS, JP
Chief Executive, Hong Kong Monetary Authority
 
Speakers
.  Professor Vittorio Grilli
Minister of Economy and Finance, Italy
.  Dr Bahk Jaewan
Minister of Strategy and Finance, Korea
.  Mr Luc Frieden
Minister of Finance of Luxembourg
.  Mr Takehiko Nakao
Vice Minister of Finance for International Affairs, Ministry of Finance, Japan
.  Mr Mahendra Siregar
Vice Minister of Finance, Indonesia
Afternoon
Keynote Luncheon
 
Hear one of America’s most influential economists, who served as Treasury Secretary under President Bill Clinton and Director of the National Economic Council under President Barack Obama, discuss potential short-term and long-term solutions for the global economy, and the unique opportunities presented by low interest rates.
 
Remarks by Luncheon Sponsor
Mr Joseph Lo
Chairman, Deloitte China
 
Welcome Remarks
The Hon Laura M Cha, GBS, JP
Non-official Member of the Executive Council, Hong Kong Special Administrative Region of the People’s Republic of China; Chairperson, Preparatory Task Force on the Financial Services Development Council; Deputy Chairman, HSBC Asia Pacific
 
Moderator
Mr Bernard Lo
Anchor, CNBC Television
 
Keynote Speaker
Professor Lawrence H Summers
Charles W. Eliot University Professor, Harvard University’s Kennedy School of Government
Dialogue with Regulators
 
This session covers the critical issue of financial reform, featuring those at the coal face of oversight, the regulators themselves. What are the major challenges for the regulators to bolster regulatory oversight and restore confidence in the financial system? What else should we do to enhance the resilience of the global financial system?
 
Panel Chair
Mr Carlson Tong, JP
Chairman, Securities and Futures Commission
 
Speakers
.  Mr Saeb Eigner
Chairman, Dubai Financial Services Authority (DFSA)
.  Mr Greg Medcraft
Chairman, Australian Securities and Investments Commission
.  Datuk Ranjit Ajit Singh
Chairman, Securities Commission Malaysia
Panel Discussion on Global Investment Opportunities
 
Are the BRICS markets losing their lustre? What are the prospects for emerging Southeast Asian economies? Which countries and industries hold the most promise for investors in 2013? This session will look at these questions as well as the global ambitions of Asian enterprises, and the latest trends in capital flows both globally and within Asia.
 
Panel Chair
Dr the Hon Victor K Fung, GBM, GBS, CBE
Chairman, Fung Global Institute;
Group Chairman, Fung Group
 
Panel Speakers
.  Mr Lou Jiwei
Chairman and Chief Executive Officer, China Investment Corporation
.  Mr Paul Manduca
Chairman, Prudential plc
.  Mr Frederik Ferdinand Seegers
Chief Executive Officer, CT Corp
.  Mr Liang Xinjun
Vice Chairman and CEO, Fosun International Limited
.  Mr Serge Pun
Chairman, Yoma Strategic Holdings Ltd
Panel Discussion on China Opportunities
 
China’s new leaders need to make some tough choices as they attempt to maintain healthy GDP growth while keeping a lid on property prices and inflation. As China's rapid urbanisation continues apace, can the central government stimulate domestic demand sufficiently to make up for diminished exports? How effective is pumping capital into infrastructure investment? And what will be the fate of Chinese enterprises bidding to extend their global reach?
 
Panel Chair
Mr Ronnie Chan
Chairman, Hang Lung Properties Ltd
 
Speakers
.  Mr Douglas Hsu
Chairman, Far Eastern Group
.  Mr Frank Gaoning Ning
Chairman, COFCO Corporation
.  Mr Pan Shiyi
Chairman and Co-founder, SOHO China
Cocktail Reception
 
Welcome Remarks
Dr Li Xiaojia, Charles
Executive Director, Chief Executive, Hong Kong Exchanges and Clearing Limited
 
Keynote Speaker
The Hon John Tsang Chun-wah, GBM, JP
Financial Secretary, Hong Kong Special Administrative Region of the People’s Republic of China


15 January 2013 (Tuesday) – Day 2
Morning
Breakfast Panel: Long Term Capital Markets:
Financing Asia's Greying and Growing
 
Asia as a region has been experiencing rapid growth over the last decade and economists predict the need for trillions of dollars to finance continued expansion. At the same time, Asia is witnessing rapidly aging societies and are still evolving in their social protection systems. Can the two challenges of funding growth and funding retirement be met? How does the financial system have to evolve to meet both of these needs?
Sponsored by  
 
Panel Speakers
.  Mr Donald Kanak
Chairman, Prudential Corporation Asia
.  Mr Dimitrios Kavvathas
Co-head, Asia Pacific Securities Division, Goldman Sachs
.  Mr Stuart H. Leckie, OBE, JP
Chairman, Stirling Finance Limited;
Vice Chairman, The Hong Kong Retirement Schemes Association
.  Dr Levin Zhu
President & Chief Executive Officer, China International Capital Corporation Limited (CICC),Chairman of Management Committee of CICC
Panel Discussion on Food & Agriculture
 
Severe drought and meteorological anomalies caused prices of agricultural commodities to spike in 2012, “threatening the health and well-being of millions of people,” according to the World Bank. Can a public-private partnership for food security prevent another global food-price shock? How is Asian growth impacting precious water and food resources? What opportunities and risks does this sector present for entrepreneurs and potential investors?
 
Panel Chair
Dr Colin Chartres
Former Director General, International Water Management Institute (IWMI)
 
Panel Speakers
.  Dr Fan Shenggen
Director General, International Food Policy Research Institute (IFPRI)
.  Mr David Farley
CEO, Australian Agricultural Company
.  Mr Tim Hornibrook
Co-Head, Macquarie Agricultural Funds Management, Macquarie Group
.  Mr Nelson Low
Executive Director, Agricultural Commodities & Alternative Investments, CME Group
.  Mr Brett Rierson
Representative, United Nations World Food Programme
.  Mr Ismael Roig
President, Asia-Pacific, Archer Daniels Midland Company
Concurrent Workshop:
 
The Future of the Eurozone: Towards a New Risk Management Framework
Is the euro crisis just another bump in Europe’s growth path or does it fundamentally change how the world of finance should be organised in the coming decade? Do we need to reinvent the financial services industry and the euro to achieve sustainable financial stability? If so, how would that impact the investment funds sector?
Sponsored by  
 
Moderator
Mr Marc Saluzzi
Chairman, Association of the Luxembourg Fund Industry
 
Panel Speakers
.  Mrs Sally Wong
Chief Executive Officer, Hong Kong Investment Funds Association
.  Mr Christoph Adamy
Vice President, Head of Risk Management, ALLIANZ Global Investors Luxembourg S.A.
.  Mr Freddy Brausch
National Managing Partner, Linklaters Luxembourg
.  Mr Gabriel Gondard
Head of Product Development, Asia ex-Japan, BlackRock
Concurrent Workshop:
 
New Reform and Liberalisation Agenda for China’s Financial System
A new agenda for deepening reforms in China’s financial system in the next five years was revealed in the report of the 18th National Congress of the CPC, including: building a modern financial system that promotes macroeconomic stability and supports the real economy; developing a multi-tier capital market; steadily advancing market-oriented interest-rate and exchange-rate reforms; and gradually realising capital account convertibility. In this session, influential policy makers and top financiers will debate the timeframe and roadmap of China’s financial reforms in the next 10 years and the challenges for China to embrace the global financial system.
Sponsored by  
 
Opening Remarks
Mr Qin Shuo
General Manager, China Business Network;
Editor-in-Chief, China Business News
 
Moderators
.  Ms Yang Yanqing
Deputy Editor-in-Chief, China Business News
.  Mr Bai Liang
Director, Beijing Business News Centre, China Business News
.  Mr Qin Xin’an
Director, Shenzhen Correspondent Station, China Business News
 
Speaker
.  Dr Zhu Min
Deputy Managing Director, International Monetary Fund
.  Mr Andrew Len Tao Sheng
President, Fung Global Institute
.  Mr Jesse Wang
Executive Vice President, China Investment Corporation
.  Mr Ding Minzhe
Vice Secretary-General, Zhejiang Provincial Government;
Director, Financial Affairs Office of Zhejiang Provincial Government
.  Mr Xiao Geng
Director, Research, Fung Global Institute
.  Mr Ha Jiming
Vice Chairman and Chief Investment Strategist, China Division, Goldman Sachs
.  Mr Tian Lihui
Professor, Finance and Acting Dean of Institute of Finance and Development, Nankai University
.  Mr Tse Yung Hoi
The Life Honorary President, Chinese Securities Association of Hong Kong;
Chairman, BOCI-Prudential Asset Management Limited;
Advisory Committee, Qianhai Shenzhen-Hong Kong Modern Services Cooperation Zone
.  Dr Yim Fung
President, Chinese Securities Association of Hong Kong;
Chairman, Guotai Junan International Holdings Limited
.  Mr Lin Yong
Chief Executive Officer, Haitong International
.  Dr Francis T. Lui
Head, Department of Economics, Hong Kong University of Science and Technology
.  Mr Arthur Shek Kang Chuen
Associate Publisher and Head of Research, Hong Kong Economic Times;
Executive Director, Hong Kong Economic Times Holdings
Concurrent Workshop:
 
Private Wealth Management
The Asia-Pacific region represents an attractive wealth market, with only a small portion of the population’s liquid assets professionally managed. But with the cost of growth weighing heavily on already pressured revenues, profitability is not guaranteed. This workshop will look at the market environment of the wealth management and private banking sector, focusing on the challenges and opportunities for banking hubs such as Hong Kong and Singapore, access to onshore pools of wealth in places like China and Taiwan, increased capital requirements, the talent shortage, and licensing and regulations that impact the way firms do business.

In addition, the panel offers a unique chance for individual and business investors to gain strategic investment advice for a successful long-term portfolio by understanding the risks and opportunities that will be carried into 2013 or may be on the horizon. Following significant geopolitical change in 2012 and economic turbulence the experts will share their views on the asset classes, sectors and regions that they believe show the best performance over the next few years.
Sponsored by  
 
Moderator
Mr Kenny Lam
Partner and Asia Head of Private Banking & Wealth Management Practice, McKinsey & Company
 
Panel Speakers
.  Mr Allen Lo
Chief Executive Officer, Wealth Management Hong Kong and Country Head & Chief Executive, Hong Kong, UBS AG
.  Ms Meena Datwani
Executive Director (Banking Conduct), Hong Kong Monetary Authority
.  Ms Liuyi Luo
Managing Director, Investment Management Group, China International Capital Corporation Hong Kong Securities Limited
Concurrent Workshop:
 
International Use of RMB: Trends and Opportunities
Organisers:
Financial Services and the Treasury Bureau,
Hong Kong Monetary Authority
Hong Kong Trade Development Council

Chinese authorities have been liberalising the use of RMB for cross-border transactions since 2009. To date, there has been notable progress, with some 9% of China’s trade with the rest of the world being settled in RMB. Against this background, Hong Kong is expanding its role as the premier offshore RMB business centre, providing a comprehensive, one-stop platform for conducting a full range of RMB transactions, from trade settlement, financing to wealth management. This workshop reviews the latest trends in the Hong Kong offshore RMB market and the business opportunities available for corporates and financial institutions.

 
Moderator
Mr Norman T. L. Chan , GBS, JP
Chief Executive, Hong Kong Monetary Authority
 
Panel Speakers
.  Mr Gao Yingxin
Executive Director and Deputy Chief Executive, Bank of China (Hong Kong) Limited
.  Ms Anita Fung
Group General Manager and Chief Executive Officer, Hong Kong, The Hongkong and Shanghai Banking Corporation Limited
Mrs Alexa Lam, JP
Deputy Chief Executive Officer; Executive Director, Policy, China and Investment Products, Securities and Futures Commission
Ms Julia Leung, SBS, JP
Under Secretary for Financial Services and the Treasury, Hong Kong Special Administrative Region of the People’s Republic of China
Afternoon
Keynote Luncheon
 
The future of the global economy remains uncertain at best. Is the sluggish recovery finally gaining momentum, or will it founder on the shoals of the European debt crisis? This keynote will look at austerity and national solvency in the euro zone, the outlook for Asian economies and the role of the International Monetary Fund in maintaining global financial stability.
 
Welcome Remarks
Miss Au King-chi, JP
Permanent Secretary for Financial Services and the Treasury (Financial Services), Hong Kong Special Administrative Region
 
Moderator
Ms Susan Li
Anchor, Bloomberg Television
 
Keynote Speaker
Dr Zhu Min
Deputy Managing Director, International Monetary Fund
Concurrent Workshop:
 
Asian Financial Integration and Co-operation: The Power and the Path
Why is there growing interest in accelerating economic and financial cooperation in Asia when other regional models face increasing difficulties? This workshop will examine the political and market forces at work, the global impact of Asia-based capital markets and their development, and the potential for a common currency to improve efficiency in trade and investment. What role will institutions play to promote alignment of policy, regulation, tax and reporting requirements across the region? And how will Hong Kong and the Chinese mainland contribute?
Sponsored by  
 
Welcome Remarks and Overview
.  Mr Chris Lu
Chief Executive Officer, Deloitte China
.  Mr Chaly Mah
Regional Managing Director, Asia Pacific, Deloitte Touche Tohmatsu Limited;
Chief Executive Officer, Deloitte Southeast Asia
 
Moderators
.  Mr Eric Tong
Global Financial Services Industry Leader of Southern Region of Deloitte China
.  Dr Ken DeWoskin
Director of Deloitte China Research and Insight Centre
 
Panel Speakers
The Hon Ronald Arculli, GBM, GBS, JP
Senior Partner, King & Wood Mallesons;
Independent Non-Executive Director & Former Chairman, Hong Kong Exchanges and Clearing Limited
Professor Frederick Ma, GBS, JP
Honorary Professor, School of Economics and Finance, Faculty of Business and Economics, The University of Hong Kong;
Former Secretary for Financial Services and Treasury, Hong Kong Special Administrative Region of the People’s Republic of China
Mr Mark McCombe, OBE
Senior Managing Director and Asia Pacific Chairman, BlackRock
Mr Anthony J. L. Nightingale, CMG, SBS, JP
Non-executive Director, Jardine Matheson Holdings
Dr Tse Kwok Leung
Head of Economics & Policy Research, Bank of China (Hong Kong) Limited
Exclusive Dialogue with Professor Lawrence H. Summers
 
Speaker
Professor Lawrence H. Summers
Charles W. Eliot University Professor, Harvard University’s Kennedy School of Government
Concurrent Workshop:
 
China - ASEAN Business Partnership
With its rapid and steady economic growth, ASEAN has become China’s third-largest trading partner and the preferred investment market for Chinese entrepreneurs. Bilateral trade is growing at 20% a year and reached US$360 billion last year, boosting the region’s economic growth and power. This CEO panel will look at the business partnerships between China and its neighbouring countries, as well as investment opportunities and challenges in South East as well as Central Asian nations.
Sponsored by  
 
Welcome Remarks
Mr Zhou Li
Editor-in-chief, China Daily Asia Pacific
 
Moderator
Mr Alexander Wan
Senior Advisor, China Daily Asia Pacific
 
Panellists
Mr Zaman Ahmad
Group Head, Customer Experience and Technology, AirAsia ASEAN
Dr Jonathan Choi, BBS JP
Chairman, Sunwah Group;
Permanent Honorary President and Former Chairman, the Hong Kong Chinese General Chamber of Commerce
Mr Huang Wei
Executive Vice Chairman, Xinjiang Uygur Autonomous Region of the People’s Republic of China
Mr Kyaw Hlaing
President & Research Director, Myanmar Survey Research
Tan Sri Lee Kim Yew
Founder, Country Heights Group of Companies
Dr Vachara Phanchet
Chairman Emeritus, Pacific Basin Economic Council
Mr Meidyatama Suryodiningrat
Chief Editor, The Jakarta Post
Miss Victoria Tang
Associate Director-General of Investment Promotion, Invest Hong Kong, Hong Kong Special Administrative Region of the People’s Republic of China
Dr Xiang Bing
Professor and Dean, Cheung Kong Graduate School of Business
Mr Zhang Xiaoke
Managing Director, ZTE (H.K.) LTD.
Concurrent Workshop:
 
Lessons Learned in Vietnam and Cambodia for Investing in Myanmar
Myanmar is the latest hot investment destination among frontier markets. The level of excitement, debate and activity is similar to that in Vietnam some 15 years ago, and in some Cambodian industries over the past five years. But early entrants into Vietnam and Cambodia faced great difficulties in navigating newly opened market economies, and expensive lessons had to be learned. These lessons, which the panel will discuss in detail, can be applied to mitigate risks as investors rush into Myanmar.
Sponsored by
 
Moderator
Mr Douglas Betts
Chief Executive Officer, Sunwah International Limited
 
Panel Speakers
Dr Jonathan Choi, BBS, JP
Chairman, Sunwah Group
Mr Don Lam
Chief Executive Officer, VinaCapital
Mr Wai Lwin Than
Consul-General of the Republic of the Union of Myanmar in Hong Kong Special Administrative Region and Macao Special Administrative Region
Mr Michael Choi
Chief Executive Officer, Sunwah Kingsway Capital Holdings
Mr Herve Touraine
Executive Director, Sunwah Commodities Limited
AFF Deal Flow Matchmaking Session
 
Pre-arranged deal-sourcing and matchmaking session for investment project owners, high net-worth individuals and senior professionals from intermediaries and professional services providers. Riding on the trend of China’s outbound investment, the AFF Deal Flow Matchmaking Session will feature dedicated matching meetings between Chinese investors seeking investment opportunities abroad and overseas project owners looking for Asian capital.


* The transcripts are compiled based on simultaneous interpretation.  They have not been verified by speakers and are for reference only.