ASIFMA China Capital Markets Conference 2023

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ASIFMA China Capital Markets Conference 2023

27 June 2023 | In-person | Renaissance Hong Kong Harbour View Hotel

Objective

ASIFMA’s flagship China Capital Markets conference is back, and we will once again be bringing together global experts to discuss the key issues facing China’s capital markets. After 3 long years, China is at a critical juncture as it finally opens back up for business. We examine some of the top-line issues including the Chinese IPO market, fixed income products and regulation, global interoperability, digital payments, data management and market access.

China Capital Markets, brings together Asian and global policymakers, central bankers, issuers, treasurers, leading market practitioners and experts from both sell-side and buy-side to discuss key market developments.

Language:

English

Program Format:

1-day engaging programme through keynote addresses, panel discussions, case studies, and fireside chats.

For more details about the event or if you would like to join the speaking faculty contact William Sargent, Head of Events (wsargent@asifma.org)

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AGENDA

At ASIFMA, we are committed to ensuring diversity and inclusion in our workplace and this policy is applied in all areas of our business including speaker roles at our events and conferences. We wish to work with members and partners who share this same commitment and are willing to support this policy. We welcome your feedback on content. You can email: wsargent@asifma.org.

Q&A

CLICK HERE TO ASK THE PANEL A QUESTION

CLICK HERE TO READ OUR NEW WHITE PAPER CHINA’S CHINA’S CAPITAL MARKETS: A MARKET IN TRANSITION

08:45 – 09:02

Welcome Remarks
Lyndon Chao, Managing Director, Head of Equities and Post Trade, ASIFMA
Alice Law, Chief Executive Officer, ASIFMA

09:02 – 09:12	Opening Keynote Julia Leung, Chief Executive Officer, Securities and Futures Commission
09:12 – 09:22	Opening Keynote (Pre-recorded) Huo Ruirong, Director-General of the International Affairs Department, China Securities Regulatory Commission (CSRC)
09:22 – 09:25	Welcome Remarks Cao Shounian, Chief Executive of CCB HK Financial Markets Centre, Deputy Chief Executive of CCB, HK Branch, China Construction Bank
09:25 – 10:05	Morning Panel 1: Plenary Session – a China Markets Macro Overview *Panelist:* Cui Li, Chief Economist, Managing Director & Head of Macro Research, CCB International Securities Limited Huo, Hongqiang, Director, International Cooperation and Foreign Institution Supervision Department, National Financial Regulatory Administration Sabino Fornies Martinez, Minister Counsellor Economic and Financial Affairs Section, EU Delegation Beijing Professor Xiaoyan Zhang, Chair Professor of Finance and Associate Dean at PBC School of Finance, Tsinghua University Moderator: Alice Law, Chief Executive Officer, ASIFMA
10:05 – 10:45	Morning Panel 2: How Can China Strengthen its Attractiveness as an Investment Destination for Foreign Investors? • What’s on the horizon for China’s vast capital markets? • What changes has China made to attract foreign investment into its capital markets, are they enough and what else is needed? • What are some of the onshore opportunities for global financial institutions? • Is it easier for them to get approval to operate a wholly or majority foreign owned entity in China? • What are the main challenges for global financial institutions operating or planning to operate their business in China? *Panelists:* Dr Huang Haizhou, Managing Director & Chairman of Capital Market Committee, CICC (V) Desiree Wang, Managing Director, China Country Head, JP Morgan Asset Management Cao Shounian, Chief Executive of CCB HK Financial Markets Centre, Deputy Chief Executive of CCB, HK Branch, China Construction Bank Xiaofeng Zhong, Chairman, Amundi Greater China, Amundi Asset Management Moderator: Grace Yu, Partner, Fangda Partners
10:45 – 11:15	Coffee Break
11:15 – 11:55	Morning Panel 3: The Changing IPO Landscape for Chinese Companies The market has seen significant regulatory developments in the IPO space the past year, including resolution of the PCAOB audit issue, HK SFC’s launch of the IPO Book building Code of Conduct, China’s expansion of the registration-based IPO regime from pilots on SSE’s STAR and SZSE’s ChiNext to the main board, and the new Chinese Company Overseas Listing Trial Measures. • How has the market responded and what are future implications of these measures? • What are the trends for preferred venues for Chinese companies seeking to raise capital? • What additional market structure changes might be needed to meet the capital raising needs of Chinese corporates? *Panelists:* Charles Lin, Chief Executive Officer, GF Holdings (HK) Corporation Anthony Wong, Director, Intermediaries Division, Securities and Futures Commission Sean Wu, Executive Director, Assistant General Counsel, J.P. Morgan Moderator: Lyndon Chao, Managing Director, Head of Equities and Post Trade, ASIFMA
11:55 – 12:35	Morning Panel 4: Fixed Income – the Risk and Liquidity Management of China Bond’s Portfolios • What are the options and impediments for foreign investors to efficiently manage the risks and liquidity of their bond portfolio? • What are the key recent regulatory changes and how do they impact the liquidity of the China bond market? • What are the opportunities for market infrastructures in bridging the onshore and offshore markets? • How can the Connect schemes be leveraged to access onshore liquidity and risk management? *Panelists:* Shen Li, Managing Director, Head of Global Markets, China and Head of Indirect FX and Street FX APAC John Luk, Head of Emerging Markets, Greater China, Credit Agricole CIB Freddy Wong, Head of Asia Pacific, Invesco Fixed Income, Invesco Robert Yu, Managing Director & Deputy Head of Fixed Income, CICC Moderator: Philippe Dirckx, Managing Director, Head of Fixed Income, ASIFMA
12:35 – 13:35	Networking Lunch
13:35 – 13:45	Afternoon Keynote Howard Lee, Deputy Chief Executive, Hong Kong Monetary Authority
13:45 – 14:25	Afternoon Panel 1: Navigating Global Interoperability and Data Fragmentation • How are global FIs and their tech providers navigating the regulatory environment in China whilst driving digital transformation? • Operational efficiency and digital transformation versus cross-border data transfer restrictions, network segregation requirements, and infrastructure fragmentation • What is the impact of the regulatory landscape in China on public cloud strategies? • What is the optimal operating model and data/tech architecture? • How to achieve cost efficiencies? *Panelist:* George Jia, Country Manager, Greater China, DTCC Hasan Rauf, Head of Capital Markets, Business Development, APAC & Japan, AWS Tim Taylor, CTO Head of Cloud Services and DevOps Asia Pacific, HSBC James Zheng, Management Consulting, Partner, KPMG Advisory (China) Limited Moderator: Laurence Van der Loo, Executive Director, Tech & Ops, ASIFMA
14:25 – 15:05	Afternoon Panel 2: Sustainable Finance in China – Ambition, Regulatory Landscape, Incentives and Opportunities • Bonds, equities and loans – how can foreign investors play a role? • China carbon markets – development and opportunities. Is carbon-connect a feasible proposition? • Are China’s sustainability standards and regulations aligned and interoperable with international standards and markets (ISSB, EU regulations – including the Carbon Border Adjustment Mechanism, Green Bond Principles and Common Ground Taxonomy)? • Can Hong Kong be a bridge channeling sustainable investments to and from China? *Panelists:* Siyuan Pan, Partner, Fangda Partners Stanley Song, Head of Securities Services, China, BNP Paribas (V) Wenhong Xie, Head of China Programme, Climate Bonds Initiative Moderator: Diana Parusheva-Lowery, Executive Director, Head of Public Policy and Sustainable Finance, ASIFMA
15:05 – 15:35	Coffee Break
15:35 – 16:15	Afternoon Panel 3: Beyond the Beachhead for China A Shares, What’s Next to Further Expand China’s Index Inclusion? • How should the QFII and Stock Connect channels evolve and complement each other? • What are the risk management constraints impairing further global investment into China A shares (lack of hedging tools like SBL, listed derivatives and block trading etc.) • How to address the funding constraints to grow investment? Can the prefunding requirement be removed, now with the DVP foundation in place? *Panelist:* Brenda Lau, Vice President, Network Management, State Street Tian Lu, Deputy CEO of Goldman Sachs Gao Hua, Goldman Sachs Zhiyi Ren, Partner, Fangda Senan Yuen, Head of Investment China, Fidelity International Moderator: Lyndon Chao, Managing Director, Head of Equities and Post Trade, ASIFMA
16:15 – 16:55	Afternoon Panel 4: Alternative Investment Opportunities • How attractive are some of the alternative investment sectors/opportunities in China? • Opportunities in the depressed real estate sector that may be attractive to foreign investors, and can we expect a rebound in the sector? • How can foreign investors be assured that there will be no shift in government policy towards private equity investments in certain sectors? • Is there a strong interest among Chinese investors to invest overseas? If so, what channels are available to them and what types of investments are they interested in? What are the regulatory impediments to them doing so? *Panelists:* Simon Chan, Director, BlackRock Avery Colcord, Managing Director, AB CarVal Investors, Singapore Charles Chang, Country Lead, Greater China Corporates, S&P Global Ratings Jun Qian, Head of Private Equity China, Schroders Capital Moderator: Eugenie Shen, Managing Director, Head of Asset Management Group, ASIFMA
16:55 – 17:05	Closing Remarks Lyndon Chao, Managing Director, Head of Equities and Post Trade, ASIFMA