China’s
Financial Markets III
SAVE THE DATE
Thursday,
October 7, 2004, 8:00am – 4:30pm
Held at Asia Society: 725 Park Avenue, NYC
Agenda: “China’s
Financial Markets III” will build on the momentum generated from
the conferences we have held over the past two years examining China’s
financial markets. This year’s event will evaluate the banking system
and non-performing loan (NPL) crisis in China, the prospects for growth
in the consumer finance arena, the environment for Chinese IPOs in international
markets and the potential of the renminbi as a hard currency.
Panel One: The Banking System and Non-Performing Loan Crisis
in China
Dispositions of non-performing loans (NPLs) by asset management
companies and Chinese banks have been disappointingly slow and
a large number
of NPLs remain in the books. This panel will examine:
- Whether corporate
governance, accountability and internal controls are improving
and have changes
impacted preparations for IPOs?
- Is the NPL
situation is improving and what strategies can be employed to
address the NPL problem in the future?
- The impact
on Chinese banks of increasing foreign competition
- The position
of second tier banks
- The role of
asset management companies and banks in sales of NPLs
- The role of
domestic investors
- Strategies
foreign investors are adopting to develop the Chinese NPL market
Panel Two: Consumer
Finance in China
The consumer
finance arena in China offers many potential opportunities. This
panel will examine:
- What are the
prospects for growth in the mortgage lending market?
- Lending for
primary and secondary sales of property
- Reselling
mortgage loans - Is there a market?
- Latest developments
in the credit card and auto loan markets
- Foreign institutions – How
are they permitted to participate in Chinese consumer finance?
Panel Three: Chinese IPOs in International Markets
There has been a marked increase in the number of Chinese
companies doing IPOs abroad. However, there have been
missteps with some
of the Chinese
offerings, leading to negative press. This panel will
examine:
- How
big is the IPO pipeline in China and how promising are
these companies?
- State
vs private Chinese enterprises
- How
pervasive are disclosure and accounting issues with Chinese
companies?
- US vs.
Hong Kong listings – What are the tradeoffs?
- The
future role of Shanghai or Shenzhen
Panel Four:
The Potential of the Renminbi (RMB) as a Hard Currency
China has taken some small steps towards
capital account convertibility of the RMB
by creating
the QFII program
and allowing retail
RMB bank accounts in Hong
Kong. This panel will examine:
- What
impact will the RMB as an international currency have on
regional and international
financial markets?
- What
are the steps leading toward convertibility and the timeframe?
- Can
Hong Kong play a similar role to the role that London plays
for the Eurodollar
market?
- How
soon will Qualified Domestic Institutional Investors be
investing offshore?
- What
new business opportunities will this produce?
For more information, please
contact Susan Abbatecola
at 212 327 9292 or susana@asiasoc.org
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