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Day One - Tuesday 4 March 2008
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08.00 | Registration, morning coffee and tea
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09.00 | Chairman’s opening address |
| | Mr Andy Mantel, Chief Investment Officer, Pacific Sun Investment Management (HK) Ltd
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| ECONOMIC REFORMS AND THE IMPACT OF CHINA’S CAPITAL
GLOBALISATION |
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09.10 | Special address - The Emergence of Sovereign Wealth Funds (SWFS): Implications for Asset Management
- World Bank and sovereign investments
- Having existed for decades, why is there so much recent attention on SWFs?
- Universe and development of SWFs as an investor class: big or small?
- Unique institutional issues: governance, transparency, ALM, reputational risk etc
- Unique portfolio management issues: investment horizon, risk tolerance, asset allocation, etc
- Best Practices for investment by SWFs: a two-way street
- China Investment Corp: Challenges and opportunities
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| | Kevin Lu, Acting Director and Chief Financial Officer, MIGA-The World Bank Group
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09.40 | Investing environment and developmental future of China’s funds market
- Economic reforms and the impact on China’s funds management industry
- Advantages and disadvantages of the developments of China’s funds market
- Booming period of China’s fund market
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| | Yingmin Liao, Division Chief of Institute of Futures & Securities, Development Research Center of the State Council, China
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10.10 | Morning refreshments and networking break
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| CAPITAL LIBERALISATION AND FUND MANAGEMENT PRACTICES
IN CHINA |
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11.10 | International diversification: Experiences from examples in other markets and regions
- Home market bias for domestic investors: What have been the experiences as both institutional and retail investors seek international opportunities?
- Key factors governing performance and risk: Exchange rate fluctuations, inflation and growth differentials, funds flow
- Understanding risk: Investors tend to focus on performance and lose sight of the risk diversification benefits
- Setting expectations: How do investors go about setting their expectations in the absence of a long term record of overseas investing?
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11.40 | Panel discussion - QDII: Reviewing changes to China’s escalating expansion strategy
- Outlining how the restructuring created wider access for better investment opportunities in off-shore markets and its effectiveness
- Combating exchange rate fluctuation: How to maintain profitable and staying ahead of appreciating China currency?
- QDII product design and developments: How to differentiate and package their investment vehicles to attract investors
- Challenges ahead for QDII to match the returns of domestic A-shares
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| | Mdm Te Hua Guo, Chief Executive Officer, ICBC Credit Suisse Asset Management Co Mr Teh Hsiu Fu, Chief Executive Officer, Everbright Pramerica Fund Management Co Ltd Gabriel Gondard, Deputy Chief Investment Officer, Fortune SGAM Fund Management Co. Ltd Moderator: Mr Andy Mantel, Chief Investment Officer, Pacific Sun Investment Management (HK) Ltd
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12.25 | Lunch and networking break
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| OPPORTUNITIES FOR FOREIGN INSTITUTIONAL INVESTING INTO
CHINA |
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13.45 | Panel discussion - QFII: Challenges for foreign businesses operating in China as complexity builds up in the investment climate
- What are the major concerns facing their funds operations in China?
- Gaining control vs. acquiring distribution network: Which works best in China’s context?
- Discussing the extent of future initiatives to loosen quota and ownership control restrictions
- Looking at ways to enhance co-ordination between the regulators and fund managers
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| | Mr Alex Ng, CEO Greater China, ABN AMRO Asset Management (Asia) Ltd, Hong Kong Moderator: Mr Myung K. Lee, Senior Vice President, Product Research & Development, Efficient Capital Management LLC
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14.30 | Case study - Building a successful joint venture fund management company in China: How to capture the opportunity
- How to maintain excellent relationship with joint-venture partners and achieve critical strategic objectives
- Case Study of a successful JV fund management company in China
- How to establish an effective system to describe, execute and manage strategy
- Talent management: How to focus development on the strategic competencies for JV success
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15.00 | Speed networking
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15.20 | Afternoon refreshments and networking break
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| BROADENING OF INVESTMENT CHOICES FOR THE LOCAL CHINESE
INVESTORS |
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15.50 | Special address - China oil, gas, and energy fund: How to capture a market share
- China oil, gas, and energy market situation and potentials: Current and future prospects of the fastest growth market in the world
- Triangle formula of supply side allocation, demand side market players and projects and financing opportunities
- Double-tier barriers and obstacles to success for China oil, gas and energy funds
- Approaches and strategies: Aiming big for successfully capturing market share to grow your investments
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16.30 | Global asset allocation tactics for Chinese fund managers
- What are the opportunities and challenges as QDII managers embraces the world?
- How to separate alpha and beta in global asset allocation?
- How to manage currencies to reduce risks and enhance returns?
- How to monitor and manage risks in global markets?
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17.00 | Chairman’s closing speech
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17.05 | Evening cocktail reception and networking session
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Day Two - Wednesday 5 March 2008
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08.00 | Registration, morning coffee and tea
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09.00 | Chairman’s opening address |
| | Jeremy Huo, General Manager, DST International (HK) Ltd
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| INTERNATIONAL BEST PRACTICES FOR CHINA’S FUNDS INDUSTRY |
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09.15 | Keynote address - Improving market fundamentals and providing the associated institutional support mechanisms
- How can China strengthen the market mechanism for capital allocation?
- When will we see the introduction of more formalized rules on funds management practices in China?
- Investing in transparency and good corporate governance to accelerate future growth
- Moves to diversify ownership structure for efficient capital market progress
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09.45 | Keynote address - How can China establish a code of good practice and grow its fund industry
- Determinants to a successful capital and asset management industry of emerging markets
- Deliberating on the challenges for China to reach global projections
- Best practices that China should cultivate and integrate into their market developments
- Outlook of China’s growth in comparison with other emerging markets in Asia
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| | Xian Rong Yi, Research fellow, Institute of Finance & Banking, Chinese Academy of Social Sciences
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10.15 | Morning refreshments and networking break
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| CAPITAL MANAGEMENT AND RISK BUDGETING |
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10.45 | Panel discussion - Incentivising and compensating for the risk inherent in emerging markets
- What are the risk levels inherent in emerging markets and changing regulations?
- How can fund managers effectively adapt to China’s fast and loose risk management practices?
- Evaluating ways for fund managers to mitigate the volatility of returns on investment as competition heighten
- Identifying, developing and implementing an effective risk management framework
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| | Eddy Belmans, Regional General Manager for North Asia, ING Investment Management (Asia Pacific) Ltd. Mr Weimin Chang, Chief Investment Officer, Franklin Templeton Sealand Fund Management Co., Ltd Dr Warren Huang, Chief Exxecutive Officer/ Founder, OSA Global Stratgic Management/OSA Int'l Operations Analysis Mr Wilfred Sit, Regional Chief Investment Officer Asia Pacific, Mirae Asset Global Investments (HK) Limited Moderator: Dokyoung Lee, Senior Vice President and Senior Portfolio Manager—Blend Strategies, AllianceBernstein Hong Kong Limited
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11.30 | Indexing as an equity strategy for Chinese QDII investors
- How indexing fits into China’s institutional investment landscape as an investment tool for getting equity exposure to developing and developed markets
- Reaping the benefits of alpha beta separation in portfolio construction through indexing
- Establishing low cost and diversified core equity exposure relative to active management
- Examining how agency conflict issues associated with active investing can be eliminated through indexing
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12.00 | Lunch and networking break
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| FOCUS ON PENSION AND HEDGE FUNDS OPERATIONS IN CHINA |
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13.15 | Capturing and sustaining alpha: A quantitative process approach
- Which strategies have a good probability to capture alpha in certain market cycles
- Which process is best to obtain sustainable alpha independently of market cycles
- Challenges for investors and managers to sustain alpha in the future
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13.30 | Managing a Nation’s wealth to overcome the aging phenomena
- Roots of the global pension challenge and how China fits in
- Creating better outcomes for China's retirees
- Best practices and key ingredients for a successful pension scheme in China
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| | Dokyoung Lee, Senior Vice President and Senior Portfolio Manager—Blend Strategies, AllianceBernstein Hong Kong Limited
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14.00 | Special address - The potential and future of hedge fund operations in China
- How can China capitalise on the benefits of using hedge funds to grow its reserves and funds under management
- Demystifying the perception of Chinese regulators and educating investors on hedge funds
- What are the challenges and parameters of concern for setting up a successful hedge fund industry in China’s context
- From risk management to dynamic portfolio construction: How to make it work?
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| | Ms Sandra Manzke, Chairman and Chief Executive Officer, MAXAM Capital Management LLC
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14.30 | Roundtable discussions
Interactive roundtable discussions allow delegates to meet and discuss issues relevant to their job functions. Each roundtable discussion will be led by an industry chosen expert.
Roundtable I: Private equity
Roundtable II: Hedge funds
Roundtable III: Real estate
Roundtable IV: Pension funds |
| | Ms Sandra Manzke, Chairman and Chief Executive Officer, MAXAM Capital Management LLC Dokyoung Lee, Senior Vice President and Senior Portfolio Manager—Blend Strategies, AllianceBernstein Hong Kong Limited
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15.00 | Afternoon refreshments and networking break
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| ALTERNATIVE INVESTMENTS AND THEIR ATTRACTIVENESS |
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15.30 | Panel discussion - Private equity funds: The alternative financing sources for enterprises
- Determinants for the rise in private equity interest
- Growth potential and future prospects of private equity funds in China
- Why private equity funds are better alternative financing sources for enterprises
- How regulated should the private equity market be to enable full development comparable to world standards?
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| | Moderator: Hubert Tse, Managing Director and Head of International Business Group, Yuan Tai PRC Attorneys
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16.15 | Panel discussion - Navigating through the complexity of China’s real estate market
- Is the real estate growth sustainable or government interventions restricting further progress?
- What is being done to contain and dampen the problem of soaring property prices and spillage into Tier II cities?
- Which cities show the greatest potential and what opportunities exist for both domestic and foreign investors
- Valuation techniques to reflect and assess the true fundamentals of property prices
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| | Mr Chris Brooke, President and Chief Executive Officer, Greater China, CB Richard Ellis Zuyu Ding, Technology Director, E-House (China) Holdings Limited
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17.00 | Chairman’s closing speech and end of conference
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