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ROUNDUP
Despite the various challenges throughout the year
like SARS and the war in Iraq, the 2nd China
Finance and Capital Markets Conference was successfully
held in Shanghai and Beijing this November. Like last
year, the event was one of EuroEvents' signature event
and it was well received with a great range of speakers
from China, Hong Kong and the United States.
The event was lively with the
active participation of the audience and as expected,
the issue of RMB exchange rate was one of the highlights
of this conference. The event kick-started with the
keynote speech of Dr. Ling Tao of the People Bank
of China and his reviews on the monetary market and the
capital market gave the audience the insight of the
development of the markets and the relationships between
the two. His idea was further reinforced by the keynote
speech of the Beijing Session, at which Mr. Dai
Genyou of the People's Bank of China gave his views
on the China Monetary policy. Having been involved in
the front line of setting monetary policy, Mr. Dai
explained how the fundamental stability of RMB Exchange
Rate can be maintained. Mr. Jia Baobo of Shanghai
Kinghing Investment made a detailed comparison on the
Pros and Cons of RMB appreciation and within his
presentation, Mr. Jia also highlighted the importance of
a good timing should the appreciation is
unavoidable.
Apart from the RMB outlook, the effect of QFII on the
capital markets generated a lot of interest from the
audience after the wonderful speech of Dr. Gao
Huiqing, the Division Chief of State Information
Center. In his presentation, QFII and the Development of
the Securities Markets in China, he explained why the
China's capital market is unique in its development and
why QFII is important for the next few years.
Mr. Sam Pang of Fortis Bank gave the audience
a very good introduction of Investment opportunities in
Interest Rate Derivatives and Structured Products. He
highlighted the various nature of the product and the
common misunderstanding of the products because of a few
high profile cases in the past few years. Mr. Pang also
highlighted on how the instruments should be used to
find unusual investment opportunities.
Mr. Cedric Podevin and
Ms. Jie Dong of BNP Paribas made two
presentations on credit derivatives and securitisations.
In the presentation, Mr. Podevin introduced the concept
and investment opportunity of the product and Ms. Dong
cited the Shinhan card as an example after outlining the
securitisation opportunities in China.
Mr. Zhao Ju, General Manager of China Galaxy
Securities outlined the development, the process and the
challenges of bond offerings in China. With his vast
amount of experience in this area, he highlighted the
difficulties when compared with the overseas
markets.
Dr. Wang Hai Jun of China Cinda Asset
Management Corporation gave a complete overview of the
latest development of China Cinda and the strategies in
resolving the NPL problems.
Ms. Christina Lam, Chief Representative of
Euroclear Bank gave a comprehensive overview of the
latest development of Euroclear and subsequently
highlighted how STP can be achieved in Cross Border
Settlement using Euroclear's platform.
Mr. Francis Lee of FXCM Asia explained to the
audience how and why the simple Forex trading has
recently received more attention from the banks and
securities houses. In his presentation, Changing Face of
the FX markets, he outlined the recent development of
the online FX trading platform and how investors,
including retails and institutional, can benefit from
the much improved platform.
Dr. Warren Huang of OSA who
has covered the asian markets for years explained to us
how his simulation model was able to value China Asset
Prices including Equities, Bonds, Oil, Properties etc.
His unique approach has attracted a lot of questions
from the audience.
Ms. Li Ya Min, Chief Analyst of Shenyin &
Wenguo made a detailed analysis of the problems facing
by the state banks and their funding needs in order to
meet the Capital Adequate Ratio (CAR) requirements of
WTO. The various ways to achieve the target were also
discussed.
We were glad to have the CEO of Finet Group, Mr.
George Yu to be our guest moderator of the
conference as well as giving a presentation on the
latest trend in financial information services.
To download the presentation materials, please visit
the Agenda
page.
We would like to thank our sponsors and supporting
organizations, including Fortis Bank, BNP
Paribas, Thomson Financial, Euroclear
Bank, DST International, FXCM Asia,
ShenyinWanguo Research and Consulting Co Ltd,
j-hunter.com, China Cinda Asset Management
Corporation, China Galaxy Securities Co Ltd,
Euro Search, The Securities Association of
China and OSA, for their kind supports.
Special thanks also go to the media sponsors, including
Financial Times, The Chinese Banker,
Asia Weekly Financial Alert and Finet
Group. Without all of their support, this conference
would not have been possible.
Thanks for those who attended the conferences and we
look forward to meeting up with you again in our events
next year.
Click
here for more photos during the event
SPONSORS / SUPPORTING
BODIES

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