Hong Kong Institute for Monetary Research, Research Institute of Finance of Development Research Center of the State Council and The People's Bank of China

The Tenth Annual International Conference on the Chinese Economy

“China Financial Reform and Economic Transformation”

10 January 2019 (Thursday) - 11 January 2019 (Friday)

Auditorium, 56/F, Two International Finance Centre, Central, Hong Kong

Program


10 January 2019
08:30 – 09:00 Registration and Welcome Coffee
09:00 – 09:10 Welcoming Remarks
Norman TL Chan, Chief Executive, Hong Kong Monetary Authority
09:10 – 10:00 Keynote Speech
Yiming Wang , Vice President (Vice Minister), Development Research Center of the State Council, China
10:00 – 10:30 Coffee Break
10:30 – 12:30 Policy Forum: Financing for Economic Transformation
Chair:
Lillian Cheung, Executive Director (Research), Hong Kong Monetary Authority and Director, Hong Kong Institute for Monetary Research

Speakers:
Chengjun Zhou, Deputy Director-General, Research Bureau, the People’s Bank of China

Zhenyu Wu, Director General, Research Institute of Finance, Development Research Center of the State Council

Dong He, Deputy Director, Monetary and Capital Markets Department, International Monetary Fund

Tao Wang, Head of Asia Economics Research, UBS Investment Bank

Q&A
12:30 – 13:40 Conference Luncheon (by invitation only)
13:40 – 15:20 Session 1: Financial Institution Reform
Chair:
Giorgio Valente, Senior Economist, Hong Kong Institute for Monetary Research

Speakers:
Zhiwu Chen, Director, Asia Global Institute and Victor and William Fung Professor in Economics, the University of Hong Kong
[Institutional Infrastructure for Financial Reforms]

Xiaoping Li, Deputy Director, International Department, the People’s Bank of China
[Further Opening-up of Financial Sector]

Commentator:
Gene Ma, Head of China Research, Institute of International Finance

Q&A
15:20 – 15:50 Coffee Break
15:50 – 17:30 Session 2: Local Government Debt and Deleveraging
Chair:
Adam Cagliarini, Senior Representative in China, Reserve Bank of Australia

Speakers:
Xiaojing Zhang, Deputy Director General, National Institution for Finance and Development
[From Deleveraging to Stabilizing Leverage]

Kebing Wang, Deputy Director General, Budget Department, Ministry of Finance, P.R. China
[Local Government Debt Management and Risk Prevention]

Commentator:
Tao Wang, Head of Asia Economics Research, UBS Investment Bank

Q&A
18:00 Conference Dinner (by invitation)
11 January 2019
08:30 – 09:00 Registration and Coffee
09:00 – 10:40 Session 3: Bank Lending and Economic Transformation
Chair:
Elisa Sales, Representative in China, Bank of Italy

Speakers:
Chen Lin, Associate Dean, Faculty of Business and Economics, the University of Hong Kong and Stelux Professorship in Finance, the University of Hong Kong
[The Real Effects of FinTech Credit]

Alex Cheng, Senior Economist, Hong Kong Monetary Authority
[Are SOE Reforms in China Going Anywhere? Evidence from Corporate Borrowing Constraints]

Commentator:
Huaiqing Zhang, Senior Economist, Research Bureau, the People’s Bank of China

Q&A
10:40 – 11:10 Coffee Break
11:10 – 12:50 Session 4: Driving Forces of China’s Innovation
Chair:
Hunter Clark, Assistant Vice President, Federal Reserve Bank of New York

Speakers:
Kang Shi, Associate Professor, Department of Economics, the Chinese University of Hong Kong
[Innovation by Exporting: Evidence from Firm-level Patenting in China]

Xuan Tian, Associate Dean, Chair Professor of Finance, Tsinghua University PBC School of Finance
[Finance and Innovation: A New Framework]

Commentator:
Bohui Zhang, Presidential Chair Professor, Executive Associate Dean, School of Management and Economics, The Chinese University of Hong Kong, Shenzhen

Q&A
12:50 – 14:00 Conference Luncheon (by invitation)
14:00 – 16:00 Panel Discussion: Implications of Financial Reform on Economic Transformation: A Market View
Chair:
Jason Wu, Head of Economic Research, Hong Kong Monetary Authority

Speakers:
Helen Qiao, Chief Greater China Economist, Head of Asia Economics Research, Bank of America Merrill Lynch

Zhiwei Zhang, Chief China Economist, Deutsche Bank

Haibin Zhu, Chief China Economist, J.P. Morgan

MK Tang, Chief China Economist, Goldman Sachs

Q&A
16:00 Closing Remarks
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