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Spoilt for Choice Spoilt for choice Keynote and 23-27 September 2013 Grand Hyatt Hong Kong specialist speakers Welcome to the 20th annual CLSA Investors’ Forum We are pleased to present more than 40 thought-leaders on subjects critical to investors. Our daily Keynote Series sets the pace throughout the week, while specialists hone in on specific trends and opportunities. This guide enables you to make the very most of the 20th CLSA Investors’ Forum. On Monday, Christopher Wood and Eric Fishwick set the tone with their Finance and economics views on global equities and economies, followed by former Bank of Israel Page 3 governor Stanley Fischer’s luncheon keynote on what’s next after the Great Recession. Russell Napier kicks off Wednesday on the limitations of QE. As a tradition, Marc Faber of The Gloom, Boom & Doom Report closes the Forum on Friday, this time by questioning whether governments are responsible for the current troubled markets. Throughout the week, we also have specialist speakers Olivier d’Assier on risk models; Christopher Ryan on A-share market liberalisation; Jeff Uscher on Japan’s pension dilemma; Indonesia’s finance minister, Muhamad Chatib Basri, on the domestic economy; Avinash Persaud on the impact of QE withdrawal; Ilian Mihov on emerging Asia’s economic growth; NYU’s Hal Hershfield on why thinking about tomorrow means a better today; and J Rande Howell on mastering emotions to achieve peak investing performance. On Monday, data artist Jer Thorp brings abstract data into human context, and Science, technology and Peter Diamandis returns on Tuesday with a focus on driving breakthroughs. innovation Page 17 Over Wednesday lunch, ideas-generator Jared Cohen explains how the next five billion internet users will reshape the world. The New Yorker’s Michael Specter tells us on Thursday how ‘denialism’ of truths hinders scientific progress. As Thursday’s closing keynote, privacy researcher Christopher Soghoian turns his sights on government surveillance. Specialist speaker Chris Mack predicts the future of semiconductor manufacturing; John Zysman discusses the coming disruption by cloud computing; The Economist’s innovation editor Paul Markillie presents on why 3D printing will be beneficial but disruptive; and Edward Steinfeld talks about China’s innovation. On Tuesday morning, Pulitzer Prize-winner Jared Diamond reveals what’s to be Demographics, learned from traditional societies. Don’t miss our conversation with David consumer, health and Beckham, our closing keynote on Wednesday, as the former England captain sports Page 28 chats about his sporting career, charitable works and life post-football. On Thursday, clinical-medicine professor Terry Wahls recalls her remarkable journey from wheelchair confinement to completing a 28-mile bike ride. On Friday morning, statistician Nate Silver exposes the signal and the noise from data- based predictions. Oxford University’s gerontologist Sarah Harper argues why demographics is the force for the 21st Century, Sonia Arrison divulges how centenarians will be the norm and Linda Friedland returns with the science and secrets to optimal health. We hear from McCann Truth Central’s David McCaughan about Asian consumers, Stephen Clapham on Premier League football finance and Rosey Hurst with Impactt’s key insights into labour markets. China remains a focal point in Asia. Harvard’s Noah Feldman coins a cool war Geopolitics and Asian between the nation and the USA on Tuesday; Daniel Rosen discusses its markets Page 39 investment boom and Joshua Eisenman focus on its trade with Africa; and Jonathan Hurch and Scot Frank share tales tied to their charitable works. Mark Beeson reflects on Asian politics and discusses Asia’s past and next 20 years with Sarah Harper. Dominic Scriven and Bill Stoops scrutinise Vietnam, while David Lesch, who personally knows Syria’s leader, analyses the country’s disintegration. Environment, energy MIT’s Gerbrand Ceder warns of a materials revolution, James Jensen predicts and commodities Page 50 the impact of North America becoming an LNG exporter, while Mike Biddle mines us through the last frontier of recoverable materials - plastics. www.clsa.com Find CLSA research on Bloomberg, Thomson Reuters, CapIQ and themarkets.com - and profit from our evalu@tor proprietary database at clsa.com Registration Desk Ground Floor Notes to delegates Sunday: 15:00-20:00 Monday to Thursday: 07:00-18:00 Friday: 07:30-14:30 CFA Institute approved provider Earn credits with CLSA CLSA is a participant in the CFA Institute Approved-Provider Program and certain sessions have been approved for CE credit. If you are a CFA Institute member, CE credit for your participation in this programme will be automatically recorded in your CE tracking tool. In accordance with CFA Institute guidelines of the Continuing Education (CE) Program, eligible sessions include keynote and specialist-speaker sessions, but not analyst or company presentations. For ease of reference, the daily Forum schedule will mark sessions eligible for credit. Scan your delegate’s badge for automatic CFA Professional Register your attendance at CFA-credit-eligible sessions Development credits To register attendance at accredited sessions, present your delegate’s badge for scanning on entering a Track room. We will forward your information to the CFA Institute, which will record your attendance for PD credits. You can check your credits by logging on to your PD Diary at www.cfainstitute.org about a month after the Forum. Please contact the CFA Institute about any matters relating to your credits. Credit-hour calculations Under CFA Institute guidelines, one PD credit hour under the CFA Approved Provider Program is defined as one hour of educational activity. Please check with our staff for the various hours of eligible credits for CFA Institute Professional Development. CLSA U Among those speaking at our Investors’ Forum this year are a number of CLSA U instructors. Don’t miss their sessions on issues affecting Asian investment themes. As with the courses, these sessions are also eligible for CFA Institute PD credits. Your attendance will be automatically tracked and sent to the CFA Institute. We are pleased to be able to offer this facility as an ongoing part of our Investor Forums and CLSA U programme. Index Arrison, Sonia ............ 33 Eisenman, Joshua ....... 47 Maguire, Ed ................ 22 Ryall, Scott ................. 11 Balanco, Laurence ....... 13 Evans, Matt ................ 27 Malik, Rajeev .............. 12 Ryan, Christopher ......... 9 Baratte, Nicolas .......... 22 Faber, Marc .................. 6 Markillie, Paul ............. 23 Scriven, Dominic ......... 48 Basr, Muhamad Chatib . 15 Feldman, Noah ........... 39 McCaughan, Dave ....... 36 Senaratne, Dee ........... 46 Beckham, David ......... 29 Fischer, Aaron ............ 34 McKenzie, Paul ............ 23 Silver, Nate ................ 31 Beeson, Mark ........ 41, 43 Fischer, Stanley ............ 4 Mihov, Ilian ................ 13 Smith, Nicholas ............ 9 Biddle, Mike ............... 54 Fishwick, Eric ......... 3, 41 Murphy, David ............ 25 Soghoian, Christopher .. 21 Boyd, Geoff ........... 53, 55 Frank, Scot ................ 42 Nafte, Anthony ........... 14 Specter, Michael .......... 20 Bruce, Robert ............. 49 Friedland, Linda .......... 37 Naik, Abhijeet ............. 53 Steinfeld, Edward ........ 26 Campbell, Oliver ......... 49 Gill, Amar ............. 41, 45 Nandurkar, Mahesh ..... 43 Stoops, Bill ................. 48 Ceder, Gerbrand ......... 51 Harper, Sarah ........ 32, 41 Napier, Russell .............. 5 Sutton, Peter .............. 44 Chan, Andy ................ 44 Hershfield, Hal ............ 16 Ovington, Derek ............ 8 Thorp, Jer .................. 17 Cheng, Patricia ........... 37 Howell, J Rande .......... 16 Panjwani, Rajesh ......... 53 Uscher, Jeff ................ 10 Cheung, Francis ............ 7 Hsu, Heather .............. 47 Pathmakanthan, Anand 45 Wahls, Terry ............... 30 Clapham, Stephen ...... 38 Hudson, Scott ............. 55 Peramunetilleke, Desh ... 8 Wan, Paul ................... 49 Cochran, Shaun .......... 11 Hursh, Jonathan.......... 42 Persaud, Avinash ......... 12 Wong, Nicole .............. 32 Cohen, Jared .............. 19 Hurst, Rosey .............. 35 Powell, Simon ............. 50 Wood, Christopher ........ 3 d'Assier, Olivier ............ 7 Jensen, James ............ 52 Radclyffe, David .......... 50 Yonts, Charles ............. 55 Diamandis, Peter ........ 18 Laprise, Scott ........ 53, 55 Richter, Christopher ..... 53 Zysman, John ............. 24 Diamond, Jared .......... 28 Lesch, David............... 46 Roper, Ian .................. 50 Driscoll, Andrew ......... 50 Leung, Elinor .............. 27 Rosen, Daniel ............. 40 Dy, Alfred .................. 40 Mack, Chris ................ 22 Rothman, Andy ........... 10 Find CLSA research on Bloomberg, Thomson Reuters, CapIQ and themarkets.com - and profit from our evalu@tor proprietary database at clsa.com 2 Finance and economics Keynote and specialist speakers Keynote speakers CLSA economics and global strategy Christopher Wood Equity Strategist, CLSA Eric Fishwick Head of Economic Research, CLSA Monday Asia’s No.1-ranked strategist Christopher Wood and Head of Economic Research Eric Fishwick open our 20th CLSA Investors’ Forum with their assessments of the current state of the markets and emerging economies. Internationally renowned for his weekly GREED & fear report, Chris is consistently ranked Asia’s top equity strategist
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