DOCSLIB.ORG

Ft Business of Asset Management Executing Investor Strategies in a Fast-Changing Marketplace

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Ft Business of Asset Management Executing Investor Strategies in a Fast-Changing Marketplace FT BUSINESS OF ASSET MANAGEMENT EXECUTING INVESTOR STRATEGIES IN A FAST-CHANGING MARKETPLACE 21 June 2012 • Four Seasons Hotel Hong Kong Platinum Sponsors Gold Sponsors ZBLACHC20248DGG_HK_part2_Event_210x297_E2.indd 1 18/06/2012 3:10 PM WELCOME Dear Guest, On behalf of the Financial Times and our partners FTfm and Ignites Asia, I am delighted to welcome you to the inaugural FT Business of Asset Management summit. With the global economy facing a period of extreme uncertainty, much attention is being focused on the flow of money in and out of Asia. The region’s emerging and developed markets are seeing slowing growth, but assets under management held by large institutional investors are continuing to expand, and the newly and increasingly wealthy middle class are giving renewed life to the retail sector. This combination provides enormous strategic opportunities for asset management firms, particularly in light of the crisis in Europe and moribund growth in other Western markets. However, many challenges have to be overcome for the region’s full potential to be realised. Investors’ requirements in their search for outperformance are becoming more complex in the current volatile environment, while managers must also prepare for major regulatory changes, particularly in big emerging markets like China, that will determine not only the pace of their expansion but also the solutions they develop to optimise returns. We are fortunate to be able to welcome CEOs and CIOs from some of the world’s top asset management companies, as well as leading institutional investors and regulators, to discuss in detail the major factors affecting this rapidly evolving sector and how participants are positioning themselves for future opportunity and risk at a time of momentous change. I very much hope you enjoy what promises to be a memorable day. Yours sincerely, David Pilling Asia Editor Financial Times FT BUSINESS OF ASSET MANAGEMENT 3 ZBLACHC20248DGG_HK_part2_Event_210x297_E2.indd 1 18/06/2012 3:10 PM Your most valuable GEM? Take advantage of a new opportunity to invest in the Asian fixed income market, and you’ll not only open up a new source of yield, but also tap into the long-term capital appreciation potential of the Asian bonds. Naturally, your investment will be managed by our immensely experienced, award- winning team – a leader in Asian fixed income and emerging markets with over USD29.9 billion in Asian fixed income assets under management*. Visit www.assetmanagement.hsbc.com/hk *Source: HSBC Global Asset Management, data as at 31 March 2012. Investment involves risk and past performance is not indicative of future performance. The document is prepared for general information purposes only. All views expressed cannot be construed as an offer or recommendation by HSBC Global Asset Management (Hong Kong) Limited (“AMHK”). AMHK and HSBC Group shall not be held liable for damages arising out of any person’s reliance upon this information. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment. Issued by HSBC Global Asset Management (HK) Limited. 22439/0612 FP12-0520 22439 AMHK Asian Fixed income.indd 1 1/6/12 14:54:31 PROGRAMME 8:00 am Breakfast and Registration 9:00 am Co-Chair’s Opening Remarks Pauline Skypala, Editor, FTfm 9:10 am Keynote: The Outlook for Asia’s Capital Markets A leading strategist gives the outlook for Asia, exploring recent and potential trends and policy moves across the region, and how these could impact capital markets and money flows, so setting the context for the discussions to follow. Mark Mobius, Executive Chairman, Templeton Emerging Markets Group 9:40 am Keynote: View From The Top (Part One) The CEO of a leading asset management company discusses the state of the industry with an FT journalist. Mark McCombe, Chairman, Asia Pacific, BlackRock Interviewed by Henny Sender, Chief International Finance Correspondent, Financial Times 10:10 am Panel Discussion: The Asset Management Industry Today A broad-ranging discussion on the state of the asset management industry, looking at the regulatory reforms that followed the financial crisis and the other major changes – including the increasing flow of institutional investor capital into emerging markets – that are transforming the industry and will affect its development in Asia. Curtis Arledge, CEO, Investment Management, and Vice Chairman, BNY Mellon Kim Hong, Managing Director and Head of Asia Pacific, PIMCO Graham Mason, Chief Executive, Eastspring Investments Philippe Uzan, Chief Investment Officer, Edmond de Rothschild Asset Management Charles Wang, CEO, E Fund Management (Hong Kong) Moderator: Pauline Skypala, Editor, FTfm 11:10 am Networking Break 11:30 am Keynote: View From The Top (Part Two) A leading investor shares his insights on Asia with an FT journalist. Gregory Curl, President, Temasek Holdings Interviewed by Henny Sender, Chief International Finance Correspondent, Financial Times 12:00 noon Keynote: View From The Top (Part Three) A leading asset manager discusses the changing investment landscape. Bill Maldonado, Chief Investment Officer, Asia Pacific, HSBC Global Asset Management Interviewed by Rita Raagas De Ramos, Managing Editor, Ignites Asia 12:30 pm Panel Discussion: What Institutional Investors Want and Need – a discussion on their current strategies and new ones they are exploring The assets under management held by sovereign wealth funds, pension funds and other large financial institutions, such as insurance firms, are continuing to grow rapidly, particularly in Asia. Mandates differ, with some funds taking a relatively conservative approach and investing mainly in fixed income and some equities, while others have diversified into other asset classes such as real estate and infrastructure. What sources of return should investors be looking at, and what are the associated risks? How should they be dividing portfolios between low-cost market returns (or beta) from passive managers, and more expensive active managers that offer the potential of above market returns (or alpha)? Where are the key opportunities in Asia today? Where are the roadblocks? How important is the quality of the service provider and does it pay to diversify managers as much as possible? Peter Chen, Senior Principal, Canada Pension Plan Investment Board Mark Delaney, Chief Investment Officer and Deputy CEO, AustralianSuper Nicholas Hadow, Director, Aberdeen Asset Management Asia Joanne Segars, Chief Executive, National Association of Pension Funds, UK Abhi Shroff, Principal, Greenwich Associates Moderator: Pauline Skypala, Editor, FTfm 1:30 pm Networking Lunch 2:30 pm Keynote: The Next Generation of Alternative Investing How different approaches are evolving as more sophisticated investors enter the market. Matthew Botein, Head, BlackRock Alternative Investors (BAI) 3:00 pm Panel Discussion: China – The next wave China is now the world’s second largest economy and could in the not so distant future overtake the US as the largest. It holds substantial influence in the global economy and financial system. Yet its currency is still not fully convertible and its asset management industry is substantially under-developed. How will the QFII, QDII and RQFII programmes evolve? How should investors and asset management firms position themselves for the opening of what could become the world’s largest market for investment funds? What is the outlook for the Chinese economy, and where are the opportunities and risks that will emerge for institutional investors focused on the mainland? Peter Alexander, Principal, Z-Ben Advisors Paul Chan, Chief Investment Officer, Asia ex-Japan, Invesco Steve Chiu, Managing Director, Bosera Asset Management Christina Choi, Director of Investment Products, Securities and Futures Commission, Hong Kong Jing Ulrich, Managing Director and Chairman of Global Markets, China, JP Morgan Moderator: Rita Raagas De Ramos, Managing Editor, Ignites Asia 4:00 pm Networking Break 4:20 pm Keynote: View From The Top (Part Four) A leading hedge fund manager discusses the outlook for alternative asset classes. Wesley Edens, Co-Founder, Principal and Co-Chairman, Fortress Investment Group Interviewed by Henny Sender, Chief International Finance Correspondent, Financial Times 4:50 pm Panel Discussion: Managing Institutional Portfolios – The role of alternative investments in the search for outperformance Market returns may prove too low in a low-growth world to keep assets in line with liabilities, so investors are looking to alternative asset classes for uncorrelated sources of return with the potential to outperform. Strategies include distressed debt, managed futures, catastrophe bonds, credit arbitrage and direct lending. How do these fit into traditional portfolios? What are the risks and rewards and how are managers executing these new mandates? What are the most popular alternative assets for institutions in Asia? Oliver Bolitho, Head, Asia Pacific, Goldman Sachs Asset Management Grant Kelley, Co-head of Asia Pacific, Apollo Global Management Stephen Roberts, Head of Investments, Asia Pacific, Mercer Investments Joe Zhou, Chief Investment Officer and Executive Director, Ortus Capital Management Moderator: Henny Sender, Chief International Finance Correspondent, Financial Times 5:50 pm Co-Chair’s Closing Remarks Rita Raagas De Ramos, Managing Editor, Ignites Asia 6:00 pm Cocktail Party, sponsored by Aberdeen Asset Management Be entertained by a jazz quartet while you sip a cocktail whipped
Load more

Recommended publications
  • Governance and Remuneration 2014
    Governance & remuneration reportStrategic In this section Our Board 72 Our Corporate Executive Team 76 Chairman’s letter 78 Corporate governance framework 79 Board report to shareholders Oversight and stewardship in 2014 and future actions 80 remuneration & Governance Leadership and effectiveness 82 Committee reports Audit & Risk 86 Nominations 92 Corporate Responsibility 94 Remuneration report Chairman’s annual statement 96 Annual report on remuneration 97 2014 Remuneration policy report 119 Financial statements Financial Investor information Investor GSK Annual Report 2014 71 Our Board Strategic reportStrategic Diversity Experience International experience Composition Tenure (Non-Executives) % % % % Scientific 19 Global 75 Executive 19 Up to 3 years 39 % % % % Finance 31 USA 100 Non-Executive 81 3-6 years 15 % % % % Industry 50 Europe 94 Male 69 7-9 years 23 % % % EMAP 63 Female 31 Over 9 years 23 Sir Christopher Gent 66 Skills and experience Chairman Sir Christopher has many years of experience of leading global businesses and a track record of delivering outstanding performance Governance & remuneration & Governance Nationality in highly competitive industries. He was appointed Managing Director British of Vodafone plc in 1985 and then became its Chief Executive Officer Appointment date in 1997 until his retirement in 2003. Sir Christopher was also a 1 June 2004 and as Chairman Non-Executive Director of Ferrari SpA and a member of the British on 1 January 2005 Airways International Business Advisory Board. Committee membership External appointments Corporate Responsibility Sir Christopher is a Senior Adviser at Bain & Co. Committee Chairman, Nominations, Remuneration and Finance Sir Philip Hampton 61 Skills and experience Chairman Designate Prior to joining GSK, Sir Philip chaired major FTSE 100 companies including J Sainsbury plc.
    [Show full text]
  • Doug Ogden December 2006
    JPMorgan’s Hands-On China Series Views you can use Transcript – Doug Ogden December 2006 NEW REPORT Investment Opportunities in China’s Clean Energy Technology In this presentation to global investors, Douglas Ogden, Director of the China Sustainable Energy Program in Beijing and Executive Vice President of The Energy Foundation in San Francisco, discussed the numerous opportunities for clean energy technology investment in China. These opportunities depend on social investment in upstream policies that shape markets conducive to modern, clean energy technologies. China’s traditional energy technologies, based predominantly on oil and relatively dirty coal, are priced well below social costs, skewing China’s market in favor of inefficient, Doug Ogden outmoded, and heavily polluting energy technologies. The current unsustainable situation has enormous public health and environmental costs. Director, China Sustainable These conditions, however, are being gradually reversed through concerted public policy Energy Program and legal institutional capacity building supported by international non-profits, multilateral Executive Vice President, banks, and the business community. Energy Foundation Engagement in policy development and implementation can be a highly successful strategy for creating market opportunities for clean energy technologies: Witness the progress over the last 8 years that have ushered in: China’s advanced fuel economy standards—driving markets in advanced engine technologies; The national renewable energy law and wind concessions—creating
    [Show full text]
  • Global Events
    GLOBAL EVENTS Education • Professional Leverage • Networking • Philanthropy Industry Icons Sep 18, 2013 New York: A Conversation With Adena T. Friedman, Chief Financial Officer, The Carlyle Group Adena Friedman, Chief Financial Officer, The Carlyle Group Bill Stone, Founder and CEO, Moderator, SS&C Technologies Jun 3, 2013 Washington: Conversation with David M. Rubenstein, Co-Founder, The Carlyle Group David M. Rubenstein, Co-Founder, The Carlyle Group Jeffrey R. Houle, Moderator, Partner, DLA Piper Apr 3, 2013 New York: Fireside Chat with Saba Capital's Boaz Weinstein Boaz Weinstein, Founder & CIO, Saba Capital Stephanie Ruhle, Moderator, Anchor, Bloomberg Oct 30, 2012 Newport Beach: A Conversation with Dr. Mohamed El-Erian of PIMCO: Investing in a Zero-Interest Rate Environment Dr. Mohamed El-Erian, Chief Executive Officer and Co-CIO, PIMCO Lupin Rahman, Moderator, Executive Vice President, PIMCO Marc Seidner, Managing Director and Generalist Portfolio Manager, PIMCO Qi Wang, Managing Director and Portfolio Manager, PIMCO Oct 16, 2012 New York: Know Yourself and Your Decision-Making Process: A Conversation with Nobel Laureate Dr. Daniel Kahneman Dr. Daniel Kahneman, Eugene Higgins Professor of Psychology and Professor of Public Affairs Emeritus, Princeton University Jason Zweig, Moderator, Columnist, Wall Street Journal Sep 19, 2012 New York: Conversation with Eric E. Schmidt, Executive Chairman of Google Eric E. Schmidt, Executive Chairman, Google Apr 30, 2012 New York: An Armchair Discussion with John J. Mack on Leadership John J. Mack, former Chairman and CEO, Morgan Stanley Joanne Pace, Moderator, former Chief Operating Officer, Morgan Stanley Investment Management Jan 25, 2012 Geneva: Philippe Jabre Talks Markets Philippe Jabre, Chief Investment Officer, Jabre Capital Partners Dec 8, 2011 Los Angeles: Dinner Event with Howard Marks, Chairman, Oaktree Capital Oct 26, 2011 Los Angeles: Renee Haugerud, Founder, CIO & Managing Principal, Galtere, Ltd.
    [Show full text]
  • Annual Report 2015
    Annual Report 2015 2015 saw substantial progress to accelerate new product sales growth and strengthen our Pharmaceuticals, Vaccines and Consumer Healthcare businesses Overview of 2015 Strategic report “ In 2015, we made substantial progress to accelerate new product sales growth, integrate new businesses in Vaccines and Consumer Healthcare and restructure our global Pharmaceuticals business. This progress means the Group is well positioned to return to core earnings growth in 2016.” Sir Andrew Witty, Chief Executive Officer Governance & remunerationPerformance Financial statements summary Investor information £23.9bn £10.3bn £5.7bn £3.9bn Group turnover Total operating profit Core operating profit Cash dividends paid (up 6% CER/up 1% CER (up >100% CER) a (down 9% CER/down 3% in 2015 pro-forma) a CER pro-forma)a £2.0bn 174.3p 75.7p 10 0 % New product sales b Total earnings per share Core earnings per share Markets now operating (up >100%) (up >100%, primarily (down 15% CER, primarily new commercial model reflecting impact of reflecting short-term dilution transaction gains) of the Novartis transaction)a ~40 20 ~13 % 1st Potential new medicines Potential to file up to Estimated internal In Access to Medicine and vaccines profiled at R&D 20 assets with regulators rate of return in R&D Index event, 80% of which have by 2020 in 2015 potential to be first-in-classc Footnotes a We use a number of adjusted measures to report the performance of our business, as described on page 54. These include core results, CER growth rates and pro-forma CER growth rates. A reconciliation of total results to core results is set out on page 62.
    [Show full text]
  • A View from the East: Talk Markets with Jing Ulrich of J.P. Morgan and Susan Li of Bloomberg TV
    A View from the East: Talk markets with Jing Ulrich of J.P. Morgan and Susan Li of Bloomberg TV October 25, 2011 at 6 PM Hong Kong We invite you to an interview of Jing Ulrich, J.P. Morgan's Chairman of Global Markets for China by Susan Li of Bloomberg TV. The conversation will explore concerns of China's economic slowdown as well as Jing's outlook for Chinese inflation and macro policy. Jing will also offer advice on investing in turbulent markets and will discuss areas of opportunity across asset classes. As part of our ongoing 100WHF 10th anniversary year, during the month of October we are celebrating our global network. We encourage you to attend an October event in your local City or wherever in the World you may be traveling or watch a 100WHF webcast from one of our global locations on 100WHF Connect! Participants Jing Ulrich, J.P.Morgan Susan Li, Moderator, Bloomberg TV Event Details Date: October 25, 2011 Time: 5:30 PM Registration. We will begin promptly at 6 PM; please arrive early. Since it is disruptive to everyone when latecomers enter the session, those arriving after an education session has begun will only be admitted at the discretion of 100WHF and the host. Please note the start time on this invite and plan to arrive early. Networking and cocktails will follow. Host: E&Y Location: Ernst & Young (E&Y) 18th Floor, Two International Finance Centre, 8 Finance Street, Central, Hong Kong, Hong Kong RSVP: RSVP Now This event is NOT FOR ATTRIBUTION.
    [Show full text]
  • General Motors & China‟S Automotive Market
    GENERAL MOTORS & CHINA‟S AUTOMOTIVE MARKET A public lecture by Michael J. Dunne, author American Wheels, Chinese Roads November 30, 5:00 – 6:00 pm Blau Auditorium, Ross School of Business University of Michigan Reception and Book Signing 6:00 – 6:45 American Wheels, Chinese Roads, The Story of General Motors in China (Wiley 2011) gives a vivid account of how GM secured the strategic partnership with Shanghai Automotive Industry Corp that propelled their joint venture to top position in the world‟s largest, fastest-growing, and highly-competitive auto market. While huge losses in the U.S. market during the global financial crisis forced the company into bankruptcy, requiring a bailout by the U.S. government, its operations in China saw record increases in sales and profits. In this talk, author Mike Dunne will summarize the book‟s narrative, highlighting how GM‟s executive team navigated the challenges posed by China‟s complex and unique business environment. He will also discuss and take questions on the current state of the auto industry in China and other Asian countries. A Detroit-area native, Mike obtained his BA, MBA and MA in Asian Studies at the University of Michigan, where he became fluent and literate in the Chinese and Thai languages. His entrepreneurial venture, Automotive Resources Asia, established in Bangkok in 1992, and subsequently expanded to China, was one of the earliest consultancies on the Asian automotive industry. After selling it to J.D. Powers & Associates in 2006, Mike served as the market research company‟s Vice-President for Asia-Pacific till 2009.
    [Show full text]
  • Kathy Matsui, Stephanie Hui, Kate Richdale And
    COVER STORY 20 FINANCEASIA JULY / AUGUST 2015 FINANCEASIA.COM COVER STORY By FinanceAsia reporters inanceAsia’s 2015 honour roll of the most influential women across the Asia FPacific region spans investment bank- ing and commercial bankers. We also bring you leading women in new ar- eas of finance such as Fintech where Asian companies are among the fastest-growing in the world. FinanceAsia also canvased corporate fin- anciers for exceptional women working in deal advisory including lawyers and accountants. We wanted to include women from across the region and admit we found this easier in China and Australia than say Korea and Japan. There is also a positive skew in the re- sults towards FinanceAsia’s own area of ex- pertise, corporate finance. FA FINANCEASIA.COM JULY / AUGUST 2015 FINANCEASIA 21 COVER STORY KELLY BAYER Delivering products that year. The division also achieved established software help companies to achieve a 9% increase in average companies. She is a Master of ROSMARIN their targets and increase lending balances and a 9% Science graduate from profits is the driving aspiration boost in average deposit Stanford University. COMMONWEALTH behind Kelly Bayer Rosmarin in balances, clocking up 41 new “I inherited a healthy BANK OF AUSTRALIA her role as head of institutional transaction banking mandates business with a strong track GROUP EXECUTIVE banking and markets at the in 2014. record in customer satisfaction FOR INSTITUTIONAL Commonwealth Bank of Big clients include Telstra, but since then we have focused BANKING AND MARKETS Australia. Woolworths, Origin Energy, heavily on using technology to Bayer Rosmarin’s team of Transurban, Queensland give clients more granular and about 1,500 staff across nine Motorways, and the Scentre insightful information about countries generates nearly 15% Group.
    [Show full text]
  • Friday May 9, 2014
    Friday May 9, 2014 BACKGROUND Despite limited natural resources, Asia’s economic performance and competitiveness has performed well, with Singapore, Hong Kong and Japan in the top 10 ranking of the World Economic Forum’s Global Competitiveness Index. Indonesia and the Philippines are also rapidly gaining ground, while China, leads the BRICS economies by a wide margin as its institutional framework improves and its financial market matures. Those Asian economies with strong institutions and ample innovative capacity have the ability to do better than its neighbors without these assets. This half day symposium aims to address macro issues relating to global competitiveness in Asia, and sets out to advance thinking and knowledge that enables the global economy to remain productive in the long term. RUNDOWN 9:15 Welcome 9:20 Introductory Remarks 9:30 – 10:45 Panel I Competitiveness in Asia: Maintaining Innovation for Economic Growth With an average annual growth rate of close to six percent in the past decade, Asia’s share of the global economy has risen to a third. Yet while the economic performance and competitiveness of Asian countries improves, the disparities among the countries are deeper than other regions. What are the regional trends for competitiveness? Who are the competitive champions and what are their advantages? What are countries doing to address the issue of educating and building a workforce with the right skillset to complement economic development? Greg Clark, Global Fellow, Metropolitan Programme and Global Cities Initiative,
    [Show full text]
  • Kn2212sra08br:GAIM Asia 14/5/09 16:15 Page 3
    KN2212SRACOVER09:0 14/5/09 16:17 Page 1 Endowmentsfor Pension FREE& Foundations Funds, Private Equity & Venture Capital Investing In (subject to verification) China, India, Japan, Korea, SE Asia, Australia & Vietnam In Challenging Times What Makes SuperReturn Asia 4th Annual The “Must-Attend” 220 LPs SuperReturn Asia “ attended brings together the who’s Asian Private Equity in 2008 “ who of Asia & Venture Capital private equity Rebecca Xu, Asia Alternatives Event? Management LLC 50+ www.superreturnasia.com 220+ LPs – The Largest LP Speakers LP Perspectives From Around The World Gathering In Asia 800+ Attendees – The Industry All In One Place New – LP/GP Structured Speed Networking Jim Pittman Saguna Malhotra Erol Uzumeri John Mark Wiseman Volkert Doeksen Philip Bilden New – Knowledge & Vice President, Managing Senior Vice Schumacher Senior Vice CEO & Managing Managing Private Equity Director, Private President CEO President, Private Partner Director Networking Exchange For PSP Equity TEACHERS’ NEW YORK Investments ALPINVEST HARBOURVEST INVESTMENTS STANFORD PRIVATE LIFE CAPITAL CPP PARTNERS PARTNERS More Focused Discussions MANAGEMENT CAPITAL PARTNERS INVESTMENT (ASIA) COMPANY BOARD New – 3 Esteemed Renowned Industry Leaders Economists 2 Portfolio Companies Interviewed 150 Influential LP & GP Speakers – Only The Top Industry Titans & Influential Tim Draper Tim Sims Joe Skrzynski KY Tang Wu Shang Zhi Ajay Relan Michael B. Kim Founder & Managing Partner Founding Chairman & Chairman & Co-Founder Partner LPs Managing PACIFIC EQUITY Partner Managing Partner Managing Partner CX PARTNERS MBK Director PARTNERS CHAMP AFFINITY CDH PARTNERS DRAPER FISHER GROUP EQUITY INVESTMENTS More Structured JURVETSON PARTNERS Networking – SpotMe Meeting Planner For Every China Summit LP/GP Relations Summit Attendee Plus Hear from: Hear from: 2 Hardtalk LP Interviews – Capital Today, Hony Capital, SAIF Partners, CNEI Stanford Management, And many more….
    [Show full text]
  • Acyd 2012 Summary Report
    BEIJING 19-22 October 2012 CHENGDU 23-24 October 2012 Contents 1 ACYD 2012 2 The Next Steps in Australia-China Relations 3 The Team 4 Major Partners 5 Assocate Partners 6 Delegate Bios 7 Schedule 8 Speaker Bios AUSTRALIA-CHINA YOUTH DIALOGUE 1 Clive Lee ACYD 2012 ACYD 2012 Chinese Delegate ACYD is the best program I have ever participated in. Noth- ing compares! A week-long intellectual feast, ACYD takes you to the top of the world to see everything from another point of view. You’ll encounter world class speakers whose perspec- tives and deep engagement with Sino-Australia relations will blow your mind. And sometimes, their differing opinions will challenge your perceptions. It is very challenging, exciting, rewarding and enjoyable! ACYD is not only a program but a journey for all of us and the journey has just begun. Jade Little ACYD 2012 Australian Delegate ACYD far exceeded my expectations. It was a thought-provok- ing five days that examined issues from politics, economics and law to culture and sports. This encouraged me to broad- en my understanding of the Australia-China relationship, and inspired me to re-affirm my commitment to it. I cannot speak highly enough of the diverse range of speakers, delegates and organisers. I cannot recommend ACYD enough to any young person who has an interest in the Australia-China rela- tionship. You will learn a lot, you will meet amazing individu- als, you will make fantastic friends, and ultimately you will be inspired. Chen Sheng ACYD 2012 Chinese Delegate ACYD 2012 gave me an ideal opportunity to get to know more than 40 young people from different fields and indus- tries.
    [Show full text]
  • 3 Annual Symposium on EU-Asia Relations in Financial Services FINAL PROGRAMME
    3rd Annual Symposium on EU-Asia Relations in Financial Services Promoting Convergence and Investments in EU-Asian Financial Markets FINAL PROGRAMME 26-27 May 2016, The Westin Beijing Financial Street Page | 2 Objective: Following the success of two previous editions in Singapore (2014) and Hong Kong (2015), the 2016 Symposium on EU-Asia Relations in Financial Services will take place in Beijing, 26- 27 May. China holds the G20 Presidency this year and celebrated the 40th anniversary of the EU-China partnership last year. The symposium provides a unique opportunity for global, European and Asian policy-makers, leading academics and industry executives to meet and discuss issues affecting the functioning of EU-Asian trade, investment, and financial services. The cornerstone of the annual event is an informed and open exchange of ideas among decision-makers in small group discussions and plenary sessions, as well as during networking events. It offers many opportunities for interactive and frank dialogue, which is conducted under the Chatham House Rule. Discussions are then summarised and presented on the final day of the Symposium and debated in a plenary session. Programme format: A high-level symposium closed to the media with a dinner networking events, small group sessions, panel discussions and keynote speeches in plenaries. Delegate profile: This event open to around 100 participants (high-level regulators, policy makers, academics and sell-side and buy-side firm representatives). Detailed information about the registration conditions
    [Show full text]
  • The Political Economy of the Rule of Law in China, 5 Hastings Bus
    Hastings Business Law Journal Volume 5 Article 3 Number 2 Spring 2009 Spring 1-1-2009 The olitP ical Economy of the Rule of Law in China George Steven Swan Follow this and additional works at: https://repository.uchastings.edu/ hastings_business_law_journal Part of the Business Organizations Law Commons Recommended Citation George Steven Swan, The Political Economy of the Rule of Law in China, 5 Hastings Bus. L.J. 309 (2009). Available at: https://repository.uchastings.edu/hastings_business_law_journal/vol5/iss2/3 This Article is brought to you for free and open access by the Law Journals at UC Hastings Scholarship Repository. It has been accepted for inclusion in Hastings Business Law Journal by an authorized editor of UC Hastings Scholarship Repository. For more information, please contact [email protected]. THE POLITICAL ECONOMY OF THE RULE OF LAW IN CHINA George Steven Swan* I. INTRODUCTION The following pages briefly review the status of political economy as an interface of economics, of law, and of politics. Political economy presents a field informing the study of institutions, and of norms, which constitute the background to economic development. The rule of law contributes to economic development. In great degree, investor confidence is born under the shelter of law. Engrossing is the saga of the People's Republic of China's long march toward market-oriented prosperity between 1978 and 2008. That march transpired in an atmosphere polluted by political tyranny. China's breathtaking achievements between 1978-2008 in a one-party system generate skepticism about the importance of the rule of law. Nevertheless, the Chinese experiment to disprove the supposed need for a rule of law remains inconclusive.
    [Show full text]