* Previously entitled: Offshore RMB Markets Conference* Venue:
Suntec Singapore Convention and Exhibition Centre, Room 310, Level 3(1 Raffles Boulevard, Suntec City, Singapore 039593)* Conference website: www.asifma.org/china2016

Final Program
08:00-08:30

Delegate Check-in

08:30-08:40

Welcome Remarks
Patrick Pang, MD - Head of Fixed Income and Compliance, ASIFMA

08:40-08:55

Keynote: China and the RMB’s Evolving Role in the Global Economy
David Mann, MD, Chief Economist, Asia, Global Research, Standard Chartered

08:55-09:35

Panel Discussion 1 – China 2016 on the World Stage
RMB’s inclusion in SDR and its implications
One belt one road initiative of Chinese government
AIIB and its function for infrastructure financing
China’s leadership in G20 for 2016
 Thierry de Longuemar, VP (Finance and Risk Management), Asian Development Bank (ADB) CG Lai, Head of Global Markets, Greater China, BNP Paribas
 Philippe Ahoua, Financial Officer, Treasury Client Solutions Department, Asia & Pacific,
International Finance Corporation (IFC) David Mann, MD, Chief Economist, Asia, Global Research, Standard Chartered Sanjeev Chatrath, MD, Regional Head, Asia, Thomson Reuters Brad Maclean, ED and Research Principle, Regulation Asia and RMB Week (Moderator)

09:35-09:50

Presentation: Monetary Policy and Capital Markets Outlook Admist Economic Recovery and Reform
Ming Ming, Chief Analyst of FICC, CITICS securities

09:50-10:20

Open Dialogue: Current State of the Chinese Economy and Market[bull and bear economists]
 Tim Condon, MD and Chief Economist, Asia, ING
 Gordon G. Chang, Author of The Coming Collapse of China
 Mark Austen, CEO, ASIFMA (Moderator)

10:20-10:40

Coffee Break10:40-11:20

Panel Discussion 2 – Accessing the Chinese Market and TrendsOpening-up of onshore interbank bond market for central banks, SWFs and multilaterals
Recent PBOC announcement on liberating the markets
Discussion on developments of China-access programs like QFII, RQFII, Hong Kong – Shanghai
Stock Connect, and mutual recognition of funds, as well as the anticipated Shenzhen Stock
Connect.
Role of FTZs in the market opening-up
Inclusion of China stocks / bonds in global benchmarks
 Jennifer Jiang, Global Head of RMB Solutions, J.P. Morgan Minny Siu, Partner, King & Wood Mallesons
 Alvin Lee, ED – Head, Southeast Asia, MSCI Chung Hui Lor, Rates Portfolio Manager, Swiss National Bank Arnaud Delestienne, Executive VP, Head of Core Product Management, Clearstream (Moderator)

11:20-12:00

Panel Discussion 3 – RMB-Denominated Bond Markets
Discussion on RMB capital financing and general developments of RMB-denominated bondOnshore focus – panda bonds, interbank bond market
Offshore focus – RMB bonds, sovereign issuances, structural subordination, keepwell deeds
Development of offshore RMB repo market
NDRC rule relaxation: “onshore guarantee for offshore bond issuance”
Roles of credit ratings
 Kun Shan, Head of Local Markets Strategy, Global Markets, BNP Paribas China
 Cleaven Yu, Senior VP, DBS
 Bernard Wee, ED, Head of Financial Markets Development and Payments and TechnologySolutions, Monetary Authority of Singapore (MAS) Ivan Chung, Associate MD, Head, Greater China Credit Research and Analysis, Moody’s David Yim, Head of Debt Capital Markets, Greater China, Standard Chartered Ji Liu, Partner, Latham & Watkins (Moderator)

12:00-12:40

Panel Discussion 4 – RMB and Treasury Management
Recent RMB currency volatility and the need of hedging products
Corporate interest rate and currency hedging strategies
Cash pooling strategies
Central treasury management on settlements and payments in RMB
RMB treasury centers and recent developments
Payment infrastructure development for RMB
 Patrick Wu, Deputy Head of Markets, China, Head of RMB Trading, ANZ
 Ravi Pandit, ED and Head for FX and Interest Rates, Asia, CME Group Julien Martin, Head of Fixed Income and Currency Product Development, MarketDevelopment, Hong Kong Exchanges and Clearing Limited (HKEX) Ellen Tang, MD and Head of Structuring of GCNA, Standard Chartered Vijay Chander, ED – Fixed Income, ASIFMA (Moderator)

12:40-13:45

Lunch2

Afternoon Break-out Session – Stream A
13:45-14:25

Panel Discussion A5 – China: Commodities and Risk Management
The recent developments of commodities market and opportunities in China
Yuan’s recent depreciation and its impact on commodities productUse of options and other risk management tools
 Jason Tudor, MD, Head of Commodities Asia Pacific and Global Head of Metals, Indices andExotics, Citi
 Garry Jones, CEO, London Metal Exchange (LME); Member of the Management Committee,
Hong Kong Exchanges and Clearing Limited (HKEX) Thomas J McMahon, CEO, P.A.C.E
 Jeremy East, MD, Head, Metals Trading and Commodities, Greater China and North Asia,
Standard Chartered Sam Ahmed, MD and Principal, Deriv Asia Pte Ltd (Moderator)

14:25-15:05

Panel Discussion A6 – China: Infrastructure Financing and Green Initiatives
AIIB and its function for regional infrastructure financing
Opportunities from one belt one road initiative
Project bonds and other infrastructure financing tools
The role of capital markets in green financing
Best practices and guidelines with respect to green bond initiatives
 Frederic Thomas, Senior Investment Specialist, Private Sector Operations Department, AsianDevelopment Bank (ADB) Benjamin Lamberg, MD, Global Co-Head of MTNs & Private Placements and Head of Asian
Syndicate, Crédit Agricole Corporate and Investment Bank Andrew Cross, Deputy Treasurer, Asia & Pacific, International Finance Corporation (IFC) Terry Fanous, MD, Public, Project & Infrastructure Finance, Moody’s Simon Zadek, Co-Director, UNEP Inquiry Hon Cheung, Head of Official Institutions Group, APAC, State Street Global Advisors (Moderator)

Afternoon Break-out Session – Stream B
13:45-14:25

Panel Discussion B5 – Offshore RMB Centers and Offshore Trading Venues
Development of offshore RMB centers and new centers
Wall Street group pushes trading of RMB in U.S. (New York)
Other RMB trading venues, e.g. China Europe International Exchange – CEINEX Nicolas Mackel, CEO, Luxembourg for Finance Janice Kan, Senior VP, Derivatives and Head, Product Development and Management,
Singapore Exchange (SGX) Alexandre Kech, Head of Securities and Standards, APAC, SWIFT Sherry Madera, Minister Counseller and Director, Financial Professional Services and ICT, UK
Trade & Investment (UKTI) Paolo Danese, Deputy Editor, GlobalRMB (Moderator)

14:25-15:05

Panel Discussion B6 – Impact of FinTech on China Capital Markets
The fintech phenomena in China
Opportunities for cross-border fintech development
Role of Singapore fintech
Where are the risks and opportunities
Trends and developments
 Edmas Neo, Regional Director, Partnerships & Collaborative Innovation, Infocomm Investments
Pte Ltd
 Adrian Fisher, Managing Associate, Linklaters
 Qin Xu, Partner and MD, The Boston Consulting Group Govind Choudhary, Head of Strategy Planning, Asia, Thomson Reuters Aki Ranin, Commercial Director, Tigerspike Mark Austen, CEO, ASIFMA (Moderator)3

15:05-15:25

Coffee Break

15:25-16:10

Concurrent Roundtables* (Closed to the media)*This is a session of 3 simultaneous roundtables, each representing a designated topic withmoderators leading the discussion. Delegates are able to join any table of their choosing.
Roundtable 1 - Going offshore: outbound investment and issuing offshore (QDII, QDII2, QDLP; preand post registration of bond deals without pre-approval, subject to an overall annual quota; andthus precluding the need for keepwell deeds)
 CG Lai, Head of Global Markets, Greater China, BNP Paribas
 Becky Liu, Senior Rates Strategist, Global Research, Standard Chartered
Roundtable 2 - Panda bonds (the 3 notes-issuing banks in HK – HSBC, SCB and BOCHK are allowed
to issue bonds onshore) & Korea sovereign: expand to other sovereigns/corporates as next steps
 Terence Chia, Head of Debt Capital Markets, Industrial and Commercial Bank of China Limited
Singapore Branch (ICBC) Christine Chen, Partner, King & Wood Mallesons
 David Yim, Head of Debt Capital Markets, Greater China, Standard Chartered
Roundtable 3 - Tax issues affecting China capital market developments
 Gray Tran, Head of International, Business and Indirect Taxes, DBS
 Balaji Balasubramanian, Regional Tax Manager, Standard Chartered

16:10-16:50

Panel Discussion 7 - China Interbank Bond Market Reforms
Recent announcement by PBOC and implementation details
Implications for the market
What else needs to happen to CIBM market
How does this complement existing programmes like QFII and RQFII
Possible expansion of investor base/ attractions for new classes of investors Bo Zhou, Greater China Business Manager, Bloomberg
 Arnaud Delestienne, Executive VP, Head of Core Product Management, Clearstream Pierre Humblot, COO Fixed Income Asia Pacific and COO Global EMD, J.P. Morgan AssetManagement
 Ivan Chung, Associate MD, Head, Greater China Credit Research and Analysis, Moody’s Becky Liu, Senior Rates Strategist, Global Research, Standard Chartered Patrick Pang, MD – Head of Fixed Income and Compliance, ASIFMA (Moderator)

16:50-17:00

Closing Remarks
Patrick Pang, MD - Head of Fixed Income and Compliance, ASIFMA4

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