About ASIFMA’s 6th China Capital Markets Conference in 2016
Modeled on the past five successful versions entitled ‘Offshore RMB Markets Conference’ in Asia,
the 2016 edition was held on 27 April in Singapore, and renamed as ‘China Capital Markets
Conference’ given the various developments of the markets.
The conference attracted around 300 participants from over 120 organizations, including 6%
policy maker/public official, 11% buy side, 5% corporate treasurer and 7% media. Among thealmost 60 senior speakers we had senior representatives of the region from sell side, institutional
investors, corporate treasurers, market influencers and many other leading financialorganizations.
This industry-wide conference has become a significant platform in the region for the industry toconvene and discuss key topics on the development of the China capital markets.

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We specially thank the valuable support from 11 sponsoring firms including Standard Chartered,Thomson Reuters, BNP Paribas, SWIFT, ANZ, Clearstream, CME Group, Moody's Investors Service,Sumscope, Chartered Alternative Investment Analyst Association (CAIA) and HKUST-NYU Stern
Master of Science in Global Finance Program, as well as 10 endorsers plus 9 media partners.

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We have received very positive feedback from the stakeholders including speakers, delegates,
sponsors and media partners. Most of them found the speakers excellent, the discussions highly
informative and interactive, and the conference thought provoking and enjoyable with theopportunity to meet the various senior representatives with similar interests in financial
regulation, which encouraged the development of China Capital Markets.

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List of Participating Organizations in 2016:
AFII Corporate Advisors Limited
Afton Chemical Asia Pte Ltd
ANZ Securities, Inc.
Apple Daily Limited
Ascendas-Singbridge Pte Ltd
Ashurst LLP
Asiamoney
Asian Development Bank (ADB)
ASIFMA
Australia and New Zealand Banking Group(ANZ)
Australian Consulate-General
Australian high commission
Bank of Japan (BOJ)
Barclays
Bloomberg
BMW Group
BNP Paribas
BNY Mellon
British High Commission Singapore
BTOpenworld
Caterpillar Financial Services
CFA Institute
CFFEX (China Financial Futures Exchange)
China Life Insurance Singapore
CIMB Group
Citi
Citic Securities
CITIC Securities Co., Ltd.
Clearstream
CMB International
CME Group
Commerzbank AG
Cornerstone Asset Management
Credit Agricole

DBS
Department of Finance Canada
Deriv Asia
Deutsche Bank AG
Dillon Gage Northport
Eastspring Investments
Eurex / Deutsche Boerse
Euroclear
Eze Software Group
Flow Traders
GaveKal Capital Limited
GlobalCapital
Government of Canada
HKEx (Hong Kong Exchanges & ClearingLimited)Hong Leong Asia Ltd
ICAP plc
ICBC Singapore
IG Asia Pte. Ltd.
inAsiaMedia
Infocomm Investments
ING Group
Interactive Data Corporation
International Finance Corporation (IFC)
International Financial Law Review
International Monetary Fund (IMF)
J.P. Morgan Asset Management
JPMorgan Chase & Co.
KCG Holdings, Inc
King & Wood Mallesons
Korea Securities Depository (KSD)
Latham & Watkins LLP
Linklaters
Lloyds Banking Group
London Metal Exchange4

List of Participating Organizations in 2016 (Con’t):
Luxembourg for FinanceMideaMLex
Monetary Authority of Singapore (MAS)
Moody's
MSCI
New Hope Singapore
NexChange (Hong Kong) Limited
Nordea Bank
Norges Bank Investment Management
Norton Rose Fulbright
Office of Senator Sergio Osmena III
Pan Asia Clearing EnterprisePennridge Private Consultancy (HK & SE Asia)
Pensions & Investments
Phillip Capital Group
Rabobank GroupRBC Capital Markets, LLC
Reed Smith Pte Ltd
Regulation Asia
RHB Bank
Sany Heavy Industry
Securities Association of Singapore
Securities Commission Malaysia
SGX (Singapore Exchange Limited)Simmons & Simmons LLP
Singapore Press holdings

Singapore Technologies Telemedia
Societe Generale
Standard Chartered
State Street Global Advisors
Strategic Capital Global
Sumscope (HK) Limited
SWIFTSwiss National Bank
Temasek
The Asian Banker
The Boston Consulting GroupThe Daily Beast
The Edge Singapore
The Hong Kong University of Science & Technology
The Royal Bank of Scotland plc
The Securities Association of Singapore
Thomson Reuters
Tigerspike
TMF Group
Tradeweb LLCUBS
UBS Asset Management
UK Trade & Investment
United Nations Environment Programme (UNEP)
Western Asset
Westpac GroupWorld CSR Day
Zhongrong International Securities Co Ltd

Event Website:
For more about the ASIFMA’s 6th China Capital Markets Conference in 2016:
http://www.asifma.org/china2016/
For More Information about ASIFMA Events: http://www.asifma.org/events/

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ASIFMA's 6th China Capital Markets Conference
Final Program
Date:
Location:
Remarks:

Wednesday 27 April 2016
Suntec Singapore Convention and Exhibition Centre
Open to media except Concurrent Roundtables

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 Recoveryand 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)

10:20-10:40Coffee Break6

10:40-11:20

Panel Discussion 2 – Accessing the Chinese Market and Trends
Opening-up of onshore interbank bond market for central banks, SWFs andmultilaterals
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 theanticipated 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 RMBdenominated 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 andTechnology Solutions, 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)

712:40-13:45

LunchAfternoon 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 and Exotics, 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 andNorth 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, Asian Development Bank (ADB)Benjamin Lamberg, MD, Global Co-Head of MTNs & Private Placements and Headof Asian Syndicate, Crédit Agricole Corporate and Investment BankAndrew Cross, Deputy Treasurer, Asia & Pacific, International FinanceCorporation (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 GlobalAdvisors (Moderator)

8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 andManagement, Singapore Exchange (SGX)Alexandre Kech, Head of Securities and Standards, APAC, SWIFT
Sherry Madera, Minister Counseller and Director, Financial Professional Servicesand 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)

15:05-15:25

Coffee Break9

15:25-16:10

Concurrent Roundtables* (Closed to the media)*This is a session of 3 simultaneous roundtables, each representing a designated topic
with moderators leading the discussion. Delegates are able to join any table of theirchoosing.
Roundtable 1 - Going offshore: outbound investment and issuing offshore (QDII, QDII2,QDLP; pre and post registration of bond deals without pre-approval, subject to anoverall annual quota; and thus 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 othersovereigns/corporates as next steps
Terence Chia, Head of Debt Capital Markets, Industrial and Commercial Bank ofChina 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. MorganAsset Management
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, ASIFMA1011