HKIMR The Eleventh Annual International Conference on the Chinese Economy

11 November 2021


The Hong Kong Institute for Monetary and Financial Research (HKIMR) successfully hosted the Eleventh Annual International Conference on the Chinese Economy (the Conference) on 11 November 2021.

This is the first year that the Conference was conducted in a hybrid format. Over 3,000 people participated, both online and offline, including many from central banks, international financial institutions, the financial sector, the academia, and professional institutions.

The HKIMR has been hosting this flagship Annual Conference since 2010 and it has been a popular and reputable platform discussing economic and financial issues of Hong Kong, China and the region among researchers, professionals, business executives and government officials from Hong Kong, Mainland China and the rest of the world.

The theme of the Conference this year is “On the Path to Common Prosperity: China’s Economic Development in Dual Circulation”. In his Opening Remarks, Mr Eddie Yue, Chief Executive of Hong Kong Monetary Authority, highlighted a range of important policy issues of the Chinese economy, including income inequality problems and a rapidly aging population.

During his keynote speech, Mr Long Guoqiang, Vice President of the Development Research Center of the State Council, elaborated on the policy of common prosperity in depth. He also had a candid conversation with participants on the latest development of the property sector in China.

To watch the full version of video in floor language, please click here.

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Time: 10:00 – 11:00 a.m.
Welcome Remarks
Eddie YUE, Chief Executive, Hong Kong Monetary Authority
Keynote Speech
LONG Guoqiang, Vice President, The Development Research Center of the State Council

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Time: 11:30 a.m. – 1:00 p.m.
Panel Discussion –Recent Development in the Chinese Economy

  • Common Prosperity
  • Dual Circulation
  • Anti-Monopoly Regulation
  • Property Market and Financial Stability
  • Wealth Management Connect, Southbound Bond Connect and Great Bay Area Financial Development

WANG Tao, Head of Asia Economics and Chief China Economist, UBS
Helen QIAO, Chief Greater China Economist and Head of Asia Economic Research, Merrill Lynch (Asia Pacific) Ltd
Aidan YAO, Senior Emerging Asia Economist, AXA Investment Managers Asia Limited
David WANG, Chief China Economist and Head of APAC ex Japan Economics, Credit Suisse (Hong Kong) Limited
E Zhihuan, Chief Economist, Bank of China (Hong Kong) Limited

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Time: 2:30– 3:10 p.m.
<China’s Social Security System, Sustainability of Social Security Fund and Policy Suggestions>
WANG Zhongmin, Former Vice-Chairman of the National Council for Social Security Fund, China

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Time: 3:10– 4:10 p.m.
<Population Aging and its Implication for Economies and Financial Markets>
“China’s Population Aging, its Implication for Economic Growth, Income Inequality, and Policy Suggestions”
CAI Fang, Chief Expert of National Think Tank and Academician of the Chinese Academy of Social Sciences
“The Great Demographic Reversal”
Manoj PRADHAN, Chief Economist, Talking Heads Macroeconomics, London

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Time: 4:40– 5:40 p.m.
<China’s Contribution to the Stability and Development of the International Financial Architecture>
“Currency Swaps: International Comparison”
Saleem BAHAJ, Associate Professor of Economics and Finance, University College London
Ricardo REIS, Arthur Williams Phillips Professor of Economics, London School of Economics
“China’s Role in Development Finance and Debt Relief Overseas”
CHENG Gong, Senior Economist, Representative Office for Asia and the Pacific, BIS

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Time: 6:10– 7:10 p.m.
<External Impact of the Chinese Economy and Targeted Reserve Requirements>
“Death by China? Revisiting the impact of the China Shock”
Livio STRACCA, Deputy Director General, International and European Relations, European Central Bank
“Targeted Reserve Requirements for Macroeconomic Stabilization”
ZHANG Jingyi, Associate Professor, Shanghai University of Finance and Economics
LIU Zheng, Vice President, Federal Reserve Bank of San Francisco
Mark M. SPIEGEL, Senior Policy Advisor, Federal Reserve Bank of San Francisco

Last revision date: 11 November 2021