Hong Kong Institute for Monetary Research

The Eighth HKIMR Conference on the Mainland Economy “The Role of Property Market in China's Macroeconomics Fluctuations”


18 November 2010 (Thursday)



08:30 – 09:00 Registration and coffee

09:00 – 09:10 Opening Remarks

by Dong He, Executive Director (Research) of Hong Kong Monetary Authority and Director of Hong Kong Institute for Monetary Research

09:10 – 09:50 Keynote speech by Jianhua Zhang, Director-General, Research Bureau of The People’s Bank of China

09:50 – 10:40 Monetary and Fiscal Stimuli, Ownership Structure and China’s Housing Market

by Jing Wu, National University of Singapore and Tsinghua University

Discussant: Xiaojing Su, China Banking Regulatory Commission

10:40 – 11:00 Coffee Break

11:00 – 11:50 Asset Prices Volatility and Macroeconomics Cycles in China

by Tianqi Sun, The People’s Bank of China

Discussant: Zhigang Li, The University of Hong Kong

11:50 – 12:40 What Drives Housing Prices in China?

by Xiaojing Zhang, Chinese Academy of Social Sciences

Discussant: Matthew Yiu, Hong Kong Monetary Authority

12:40 – 14:00 Lunch

14:00 – 14:50 Assessing housing affordability in China: A case study of Shanghai

by Jie Chen, Fudan University

Discussant: Siqi Zheng, Tsinghua University

14:50 – 15:40 Are China's property prices rising too fast?

by Wenlang Zhang, Hong Kong Monetary Authority

Discussant: Haibin Zhu, Bank for International Settlements

15:40 – 16:00 Coffee Break

Panel Discussion

Ting Lu, Bank of America Merrill Lynch

Jun Ma, Deutsche Bank

Mingchun Sun, Daiwa Capital Markets

Qing Wang, Morgan Stanley

End of Conference

18:30 – 20:30 Dinner hosted by Norman TL Chan, Chief Executive of Hong Kong Monetary Authority (By invitation only)