Hank Paulson Club on September 25-27, 2013

Total Page:16

File Type:pdf, Size:1020Kb

Hank Paulson Club on September 25-27, 2013 Participants: Annual Boston-China Financial Services Forum Innovation, Partnerships and Policy September 25-27, 2013 Forum Charter Sponsors: This Fall, senior financial services executives Featuring from Boston and China joined U.S. academics Special Presentation by: for the First-Annual Boston-China Financial Services Forum held at the Harvard Faculty Hank Paulson Club on September 25-27, 2013. This unique convening of thought leaders, government officials, and industry experts succeeded in deepening industry, academic and government networks. The first in a series, the Forum laid the foundation for future events focused on partnerships between Boston and China. Henry Paulson, The Paulson Institute; Former U.S. Secretary of the Treasury Through an agenda of special presentations and facilitated discussions, participants from both continents explored model partnerships for investments in the U.S. and in China. The Chinese firms at the Forum represented over $150 billion (U.S.) assets under management. Discussions also focused on lessons learned from Boston’s asset management leadership in developing the retirement savings markets Robert P. Brown, Fidelity Investments Zhang Yujun, China Securities Regulatory Commission in the U.S. and the opportunities for market- based pension and savings initiatives in China. Full participants list on page 2. Forum China Co-Chair: Dr. Fred Hu, Chairman, Primavera Capital, Beijing/Hong Kong; Former Chairman of Greater China and Partner, Goldman Sachs William Guenther, Mass Insight; Zhang Yujun; Hank Paulson; Fred Hu, Primavera Capital Group Global Finance Centers 2020 Fostering New Business & Talent Partnerships 18 Tremont Street, Suite 1010 | Boston, MA 02108 | Telephone 617-778-1500 | Fax 617-778-1505 | massinsight.com Forum Participants - Boston Forum Participants - China Forum Participants - Academia A. Jerry Cristoforo Dr. Fred Hu Anthony Saich Executive Vice President, State Street; Chairman, Primavera Capital, Beijing/Hong Kong; Daewoo Professor of International Affairs, Chairman and General Manager, Former Chairman of Greater China, Goldman Sachs Harvard Kennedy School State Street Hangzhou Mr. Zhang Yujun Robert Pozen Roger Servison Assistant Chairman, Former President, Fidelity Investments; President, China Securities Regulatory Commission; Senior Lecturer, Harvard Business School Strategic New Business Development, Former President, William Kirby Fidelity Investments Shanghai and Shenzhen Stock Exchanges T. M. Chang Professor of China Studies, Federico Papa Dr. Hu Changsheng Harvard Business School Managing Director President, John Quelch and Head of US Global Banking & Markets, China Investment Securities Santander Charles Edward Wilson Professor Mr. Zhang Xiaodong of Business Administration, Harvard Business School; Regina Sullivan General Manager Prop Trading & Derivatives, Former Dean, China Europe International Business School Executive Vice President, China Investment Securities Head of Global Business Services, Patrick Schena Fidelity Investments Mr. Wu Xiaohui Senior Fellow, Chairman, Center for Emerging Market Enterprises Leon Kumpe An Bang Insurance Co-Head Sovereign Wealth Fund Initiative, Senior Vice President, The Fletcher School Tufts University Global Business Development, Mr. Zheng Fang Fidelity Investments Managing Director, Keywise Capital Management Robert P. Brown President of Bonds, Mr. Xu Yi Yi Fidelity Investments Senior Fund Manager Hua an Asset Management Co.,Ltd. Ren Cheng Senior Research Consultant, Mr. Lin Lijun Fidelity Investments CEO, Gary Blank China Universal Management Co. Senior Vice President, Policy, Planning and Strategy, Mr. Xiao Feng Fidelity Investments President of the Board, Lisa Emsbo-Mattingly Min sheng Tong Hui Director of Research, Insurance Asset Management Co.,Ltd Fidelity Investments President of the board, Wan Xiang Trust Co.,Ltd. Al Tarar Ms. Yan Yanqing Partner, Financial Services Management Consulting, Deputy Chief Editor, PwC CBN Jake Xia Ms. Zhang Lanlan Chief Risk Officer, Chief Representative, Harvard Management Company CICC U.S. Securities Sandy Salgado Dr. Gao Jian Managing Director, Chairman, U.S. Corporate and Investment Banking, Santander China Development Bank Securities Jeffrey Rosenberg Jeff Williams Managing Director, Independent Director, Zebra China Investments China Universal Asset Management Rick Swartz Mr. Qingshan Liu Executive Managing Director, CEO Cushman & Wakefield Manulife TEDA Fund Management Steve Pagliuca Dr. Guo Dajiang Managing Director, CEO, Bain Capital CITIC Securities U.S. Special Presentations Facilitated Discussions Can China Lead? Innovation in Business and Higher Education The U.S. Markets: Outlook, Competitive Advantage and Partnerships Professor William Kirby Harvard Business School, T. M. Chang Professor of China Studies Systemic Risk: Where Does It Come From, How Do We Mitigate It Chinese Capital Markets Reform and Opening Up The US-China Economic Relationship: Challenges and Opportunities Henry M. Paulson, Jr. The China Markets: Chairman, The Paulson Institute at the University of Chicago Outlook, Competitive Advantage and Partnerships Tackling the Chinese Pension System China Retirement Policy and Capital Markets: Robert C. Pozen Evolution, Lessons Learned, and Challenges Former President, Fidelity Investments; Boston’s Role in the Development of the Asset Management Industry and Senior Lecturer, Harvard Business School Retirement Products.
Recommended publications
  • Annual Report 2019 Core Values
    China International Capital Corporation Limited (a joint stock limited company incorporated in the People's Republic of China) Stock code: 3908 Annual Report 2019 Core Values By the People and Professionalism and For the Nation Diligence People are our most valuable assets. We strive We develop our businesses up to the highest to attract, cultivate and retain the best people. professional standards, and nurture a high- Since inception, CICC has positioned itself as “a caliber team of financial professionals, who boast China-based investment bank with international international visions, diligently perform their duties perspectives”. It is our mission to serve the nation and share our corporate values. by promoting economic reform and long-term development of the capital markets. Innovation and Client Entrepreneurship First Innovation is the lasting force that drives CICC We always put our clients first. We develop and forward. Blessed with deep industry knowhow, maintain long-term relationships of trust with visionary leadership, close relationship with clients, our clients by truly safeguarding their interests and abundant execution experiences, CICC is and satisfying their needs. always prepared to embrace change and continue to deliver innovative products and quality services to our clients. Integrity Chinese Roots and International Reach We build our franchise upon the utmost professional integrity and highest ethical standards. As a China-based global investment bank, we are We value our franchise and never compromise on proud of
    [Show full text]
  • Hank Paulson
    First Annual Boston-China Financial Services Forum: Innovation, Partnerships and Policy Join Forum Charter Members: Harvard Faculty Club, Featuring Cambridge MA CEO/Senior Executive Luncheon with September 25-27, 2013 For Senior Financial Services Executives Hank Paulson The First-Annual Boston-China Financial on Thursday, September 26th, 12:30pm Services Forum is a unique convening of 30 Boston and Chinese financial services executives, thought leaders, government officials and academic experts to deepen industry, academic and government networks and to explore model partnerships for investments in the U.S. and in China. Chines firms represented as of early August have over $150 billion (U.S.) assets under management. Chinese investments and partnerships in the U.S. market will be a major focus at this first Boston-China Financial Services Forum. Discussions will also focus on lessons learned from Boston’s asset management Henry M. Paulson, Jr. is the Chairman of leadership in developing the retirement The Paulson Institute at the University of savings markets in the U.S. and the Chicago, which he founded in 2011 to opportunities for market-based pension address global issues, including efforts and savings initiatives in China. to strengthen the important relationship between the United States and China. Forum China Co-Chair: Dr. Fred Hu, Previously, Paulson served under President Chairman, Primavera Capital, George W. Bush as the 74th Secretary of Beijing/Hong Kong; the Treasury. Former Chairman of Greater China and Partner, Goldman Sachs Participants List on Page Two Global Finance Centers 2020 Fostering New Business & Talent Partnerships 18 Tremont Street, Suite 1010 | Boston, MA 02108 | Telephone 617-778-1500 | Fax 617-778-1505 | massinsight.com First Annual Boston-China Financial Services Forum: Innovation, Partnerships and Policy Join Forum Charter Members: Selected Harvard Faculty Selected Participants - China as of August 22, 2013 Anthony Saich Dr.
    [Show full text]
  • Advance Program
    Advance Program 2007 International Conference on Networking, Architecture, and Storage Guilin, China July 29th, 2007 8:30am – 9:00am: Breakfast1 9:00am – 10:00am: Welcome Keynote speech Virtualization, Performance, and Energy Conservation in Storage Data Centers Peter Varman, Rice University 10:00am – 10:30am: Coffee/Tea Break1 10:30am – 12:00noon Session 1A: Architecture,Chair: Qing Yang ¾ Design of NIC Based on I/O Processor for Cluster Interconnect Network, Xiaojun Yang, Ninghui Sun, Institute of Computing Technology, Chinese Academy of Sciences. ¾ Simplified Multi-Ported Cache in High Performance Processor, Hao Zhang, Dongrui Fan, Institute of Computing Technology, Chinese Academy of Sciences. ¾ The bi-panpath connectivity of the hypercube, Jywe-Fei Fang, Ko-Lin Lin Department of Digital Content and Technology, National Taichung University ¾ The Implementation and Design of a Low-power Clock Distribution Microarchitecture, Rong Ji, Xianjun Zeng, Liang Chen, Junfeng Zhang, National University of Defense Technology 10:30am – 12:00noon Session 1B: Networks I,Chair: Xubin He ¾ More Efficient Mechanism of Topology-Aware Overlay Construction in Application-Layer Multicast, Jianqun Cui1, 2, Yanxiang He1, Libing Wu 1, 1School of Computer, Wuhan University; 2Institute of Computer &Communication Technology, Huazhong Normal University ¾ MLCC: A Multi Layered Correlative Control Mechanism for the VPN Topology, Kai Ouyang, School of Computer Science Wuhan Univ. of Sci. & Tech.; Xiaowen Chu, Department of Computer Science Hong Kong Baptist Univ.; Lijun Dong, School of Computer Science Huazhong Univ. of Sci. & Tech.; Hengqing Wang, School of Computer Science Wuhan Univ. of Sci. & Tech.; Ting Cai, School of Computer Science Wuhan Univ. of Sci. & Tech.;. ¾ The Dynamic Endpoint-Based Access Control Model on VPN, Lijun Dong, Shengsheng Yu, College of Computer Science,Huazhong Univ.
    [Show full text]
  • Alternate Members of 19Th Central Committee
    Alternate members of 19th central committee 1. Ma Zhengwu 2. Ma Weiming(Old) 3. Ma Guoqiang(Hui ethnic group) 4. Wang Ning(Fujian)(Old) 5. Wang Yongkang 6. Wang Weizhong 7. Wang Xudong 8. Wang Xiubin 9. Wang Junzheng 10. Wang Chunning 11. Feng Jianhua 12. Qumushiha(Yi ethnic group) 13. Ren Xuefeng(Old) 14. Liu Ning 15. Liu Faqing 16. Liu Xiaokai(Miao ethnic group) 17. Yan Jinhai (Tibetan ethnic group) 18. Yan Zhichan(Female) 19. Li Qun(Old) 20. Li Jinghao(Korean ethnic group) 21. Yang Ning (female, Bai ethnic group) 22. Yang Wei 23. Xiao Yingzi (Female, Zhuang ethnic group) 24. Wu Qiang (Dong ethnic group) 25. Wu Cunrong 26. Wu Jieming 27. Wu Shenghua (Buyi ethnic group) 28. Zou Ming 29. Chen Chunyao 30. Song Guoquan 31. Zhang Guangjun 32. Zhang Yuzhuo 33. Zhang Zhifen 34. Zhang Zhenzhong 35. Zhang Jinghua 36. Chen Gang(Old) 37. Chen Yixin 38. Chen Haibo 39. Lin Shaochun 40. Hang Yihong 41. Ouyang Xiaoping 42. Luobu Dunzhu(Tibetan ethnic group) 43. Luo Hongjiang(Dai ethnic group) 44. Luo Qingyu 45. Jin Donghan(Old) 46. Zhou Bo 47. Zhou Qi 48. Zhou Naixiang 49. Guan Qing 50. Zhao Yupei(Old) 51. Zhao Aiming(Female)(Old) 52. Zhao Deming(Yao ethnic group) 53. Hao Ping 54. Hu Wenrong 55. Hu Henghua 56. Duan Chunhua 57. Yu Guang 58. Jiang Zhigang 59. He Dongfeng 60. He Junke 61. Jia Yumei(Female) 62. Xu Zhongbo 63. Xu Hairong 64. Xu Xinrong 65. Gao Guangbin(Old) 66. Guo Dongming 67. Tang Yijun 68. Tang Dengjie 69.
    [Show full text]
  • El 19° Congreso Nacional Del Partido Comunista De China
    Universidad Nacional Autónoma de México Facultad de Economía Centro de Estudios China-México Número 1, 2018 El 19° Congreso Nacional del Partido Comunista de China Eugenio Anguiano Roch Universidad Nacional Autónoma de México Dr. Enrique Graue Wiechers Rector Dr. Leonardo Lomelí Vanegas Secretario General Mtra. Mónica González Contró Abogada General Dr. Alberto K. Oyama Nakagawa Secretario de Desarrollo Institucional Mtro. Javier de la Fuente Hernández Secretario de Atención a la Comunidad Universitaria Ing. Leopoldo Silva Gutiérrez Secretario Administrativo Facultad de Economía Mtro. Eduardo Vega López Director Lic. Rosa Carmina Ramírez Contreras Secretario General Lic. Porfirio Díaz Rodríguez Secretario Administrativo Lic. Dulce María Ruedas Moreno Coordinadora de Comunicación Social Lic. Ricardo Iglesias Flores Coordinador de Publicaciones Centro de Estudios China-México Dr. Enrique Dussel Peters Coordinador Dra. Yolanda Trápaga Delfín Responsable Editor Responsable: Dr. Sergio Efrén Martínez Rivera Comité Editorial: Alejandro Álvarez Bejar, Eugenio Anguiano Roch, Romer Cornejo Bustamante, Huiqiang Cheng, Leonel Corona Treviño, Marcos Cordeiro Pires, Enrique Dussel Peters, Octavio Fernández, Juan José Ling, Xue Dong Liu, Ignacio Martínez Cortés, Jorge Eduardo Navarrete López, Manuel Pérez García, María Teresa Rodríguez y Rodríguez, Xiaoping Song, Hongbo Sun, Mauricio Trápaga Delfín, Yolanda Trápaga Delfín, Zhimin Yang, Yongheng Wu (†). Diseño de portada: Mauricio Trápaga Delfín Corrección de estilo: Stella Cuéllar Cuadernos de Trabajo del Cechimex, revista bimestral, 2018. Editor Responsable: Sergio Efrén Martínez Rivera. Número de certificado de reserva otorgado por el Instituto Nacional del Derecho de Autor para versión impresa: 04-2010-071617584500-102. Número de certificado de licitud de título y de contenido (15252). Domicilio de la Publicación: Centro de Estudios China-México de la Facultad de Economía, edificio “B”, segundo piso, Ciudad Universitaria.
    [Show full text]
  • Preliminary Technical Program Schedule
    1 PRELIMINARY TECHNICAL PROGRAM SCHEDULE Monday, September 30, 12:30PM-2:10PM Wind Systems Monday, September 30, 12:30PM-2:10PM, Room: 344, Chair: Qiang Wei, Hengzhao Yang 12:30PM Remote Monitoring and Diagnostics of Pitch 1:20PM Maximum Power Point Tracking for Wind Bearing Defects in a MW-Scale Wind Turbine Using Turbine Using Integrated Generator-Rectifier Systems Pitch Symmetrical-component Analysis [#19010] [#20013] Lijun He, Liwei Hao and Wei Qiao, GE Research, Phuc Huynh, Samira Tungare and Arijit Banerjee, United States; University of Nebraska-Lincoln, United University of Illinois at Urbana-Champaign, United States States 12:55PM LVRT Control of Back-to-Back Power 1:45PM Simple Empiric Root-Mean-Square Converter PMSG Wind Turbine Systems: an FPGA Electric-Drivetrain Model for Wind Turbines with Based Hardware-in-the-Loop Solution [#19069] Full-Size Converter [#20015] Zhenkun Zhang, Zhenbin Zhang, Xiaodong Liu, Daniel von den Hoff, Denise Cappel, Abdul Baseer, Quanrui Hao and Zhiwei Zhang, Shandong University, Rik W. De Doncker and Ralf Schelenz, PGS, E.On China; The Ohio State University, United States ERC, RWTH Aachen University, Germany; CWD, RWTH Aachen University, Germany Grid-Forming Converters Monday, September 30, 12:30PM-2:10PM, Room: 342, Chair: Xiongfei Wang, Yenan Chen 12:30PM Small-Signal Modeling, Stability Analysis, 1:20PM Active Power Reserve Control for and Controller Design of Grid-Friendly Power Grid-Forming PV Sources in Microgrids using Converters with Virtual Inertia and Grid-Forming Model-based Maximum Power Point Estimation Capability [#19775] [#19592] Han Deng, Jingyang Fang, Jiale Yu, Vincent Zhe Chen, Robert H. Lasseter and Thomas M.
    [Show full text]
  • 2013 International Religious Freedom Report
    CHINA (INCLUDES TIBET, HONG KONG, AND MACAU) 2013 INTERNATIONAL RELIGIOUS FREEDOM REPORT Executive Summary Reports on Tibet, Hong Kong, and Macau are appended at the end of this report. The constitution states citizens enjoy “freedom of religious belief” but limits protections for religious practice to “normal religious activities.” The government applies this term in a manner that is not consistent with China’s international human rights commitments with regard to freedom of religion. In practice, the government restricted religious freedom. The constitution also proclaims the right of citizens to believe in or not believe in any religion. Only religious groups belonging to one of the five state-sanctioned “patriotic religious associations” (Buddhist, Taoist, Muslim, Catholic, and Protestant), however, are permitted to register with the government and legally hold worship services. The government’s respect for religious freedom overall remained low during the year. In Tibetan areas and the Xinjiang Uighur Autonomous Region (XUAR) there were particularly serious violations of religious freedom. The government exercised state control over religion and restricted the activities and personal freedom of religious adherents when these were perceived, even potentially, to threaten state or Chinese Communist Party (CCP) interests, including social stability. The government harassed, assaulted, detained, arrested, or sentenced to prison a number of religious adherents for activities reported to be related to their religious beliefs and practices. There were also reports of physical abuse and torture in detention. Local authorities often pressured unaffiliated religious believers to affiliate with patriotic associations and used a variety of means, including administrative detention, to punish members of unregistered religious or spiritual groups.
    [Show full text]
  • China International Capital Corporation Limited 中國國際金融
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. China International Capital Corporation Limited 中國國際金融股份有限公司 (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock code: 03908) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 The board of directors of China International Capital Corporation Limited (the “Company”) hereby announces the audited annual results of the Company and its subsidiaries for the year ended December 31, 2019. This announcement, containing the main text of the 2019 annual report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of annual results. The printed version of the Company’s 2019 annual report will be despatched to the shareholders of the Company and available on the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and the website of the Company at www.cicc.com in due course. By order of the Board China International Capital Corporation Limited Secretary to the Board Xu Yicheng Beijing, the PRC March 30, 2020 As at the date of this announcement, the Executive Director of the Company is Mr. Huang Zhaohui; the Non-executive Directors are Mr.
    [Show full text]
  • China International Capital Corporation Limited 中國國際金融
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. China International Capital Corporation Limited 中國國際金融股份有限公司 (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 03908) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 The board of directors of China International Capital Corporation Limited (the “Company”) hereby announces the audited annual results of the Company and its subsidiaries for the year ended December 31, 2020. This announcement, containing the main text of the 2020 annual report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of annual results. The printed version of the Company’s 2020 annual report will be despatched to the shareholders of the Company and available on the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and the website of the Company at www.cicc.com in due course. By order of the Board China International Capital Corporation Limited Secretary to the Board Sun Nan Beijing, the PRC March 30, 2021 As at the date of this announcement, the Executive Director of the Company is Mr. Huang Zhaohui; the Non-executive Directors are Mr.
    [Show full text]
  • (Pdf) Download
    La promotion qui ne fut pas: où se Insights trouve Hu Haifeng? En février 2019, on parlait beaucoup du fils de Hu Jintao, soit Hu Haifeng 胡海峰, dans la mesure où on lui donnait déjà le poste de Wang Yongkang 王永康 – secrétaire de Lishui (Zhejiang) et secrétaire de Xi’an de 2016 à février 2019. On avait également vu Hu Haifeng vanter les mérites de cette « ville importante » aux journalistes1. Or, plusieurs observateurs disaient déjà que Hu était attendu au Shaanxi2 par les hommes de Xi et de Zhao Leji – les associés du Shaanxi; cela dit, c’est Wang Hao 王浩 - ancien secrétaire de Tangshan (Hebei) - que l’on vit arriver à la fin du mois d’août, et ce, après que le siège de Xi’an soit demeuré vide pendant près de 190 jours. On imaginait alors que Hu Haifeng, qui avait même pris la peine de visiter Liu Xirong 刘锡荣 – fils de Liu Ying 刘英3 et ancien du Zhejiang, mais aussi Su Rongsheng 粟戎生 – fils de Su Yu 粟裕4 et ex-commandant adjoint de la zone militaire de Beijing, ainsi que d’autres membres de la seconde génération, serait poussé vers l’avant par cette ancienne élite. Wang Yongkang parti pour le Heilongjiang en mars 2019 semblait alors aussi avoir laissé la place à Hu Haifeng. Mais il n’en fut rien. Le 29 mai 2019, Li Qiang (secrétaire de Shanghai et membre du Politburo très près de Xi) rencontre la délégation du Zhejiang, dont notamment Hu Haifeng5 : En plein milieu de la guerre commerciale, et en pleine lutte anticorruption6, la visite ne porta pas les fruits espérés.
    [Show full text]
  • LC Paper No. CB(1)135/19-20(04) Information Paper for Legco Panel on Commerce and Industry
    LC Paper No. CB(1)135/19-20(04) Information Paper for LegCo Panel on Commerce and Industry Report on the Work of The HKSAR Government’s Offices in the Mainland and Taiwan This paper informs Members of the work undertaken by the Beijing Office, four Economic and Trade Offices (the five Mainland Offices) and 11 Liaison Units in the Mainland, as well as the Hong Kong Economic, Trade and Cultural Office in Taiwan between November 2018 and October 2019. Overview 2. As mentioned in the 2019 Policy Address, the Government has been capitalizing on the opportunities brought by the Belt & Road Initiative and the development of the Guangdong-Hong Kong-Macao Greater Bay Area (the Greater Bay Area), with a view to generating new impetus of economic growth and opening up more markets for Hong Kong’s enterprises and professional services. The Mainland Offices have proactively organized and participated in large-scale forums, visits and exhibitions etc. during the reporting period to promote the roles of Hong Kong in the pursuit of the Belt & Road Initiative and the Greater Bay Area development. Through deepening co-operations with various provinces and municipalities in areas ranging from trade, finance, to innovation and technology, creative industries and youth exchanges, we can identify more business and development opportunities for Hong Kong people and enterprises. Following the promulgation of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area in February 2019, as well as the 24 policy measures promulgated by the Central Government after the Leading Group meeting for the development of the Greater Bay Area held on 1 March and 6 November 2019, Hong Kong residents should find it more convenient to reside, study and work in the Mainland cities of the Greater Bay Area, and the convenient flow of people and goods within the Greater Bay Area have also been greatly enhanced.
    [Show full text]
  • Research on the Effectiveness of China's A-Share Main Board Market
    E3S Web of Conferences 235, 01031 (2021) https://doi.org/10.1051/e3sconf/202123501031 NETID 2020 Research on the Effectiveness of China's A-share Main Board Market Yekai LI 1 1South University of science and technology, Mianyang, Sichuan Abstract. The effectiveness of the stock market is an important indicator to measure the efficiency of capital allocation in the secondary financial market, and is of great significance to the operation of the national economy. Whether the Mainland China's stock market is weakly effective has always been controversial. This article uses the measurement method to conduct empirical data research on the five randomly selected stocks and the Shanghai Composite Index, analyzes the conclusions and analyzes the underlying reasons that lead to the low effectiveness of the Mainland China stock market. company circling, and large shareholder misappropriation 1 Introduction of funds. Measuring and evaluating the effectiveness of China's domestic stock market and its influencing factors can provide references for investors and investment 1.1 Research background institutions, and provide help for further improving the effectiveness of our domestic stock market. In 1965, Eugene Fama, a professor of finance at the Second, exploring whether the CAPM model is University of Chicago in the United States, published a applicable to the Chinese stock market. The CAPM model paper entitled "Stock Market Price Behavior" and has proven its applicability in mature financial markets, proposed an efficient market hypothesis. In 1952, but its applicability in the Chinese market remains Markowitz published an article on "asset selection", and controversial. Whether the CAPM model is applicable is the study of economics entered a new era, realizing a leap actually an important reflection of the maturity of the from qualitative to quantitative.
    [Show full text]