About ASIFMA Conference: Capital Markets – Connecting China and the WorldASIFMA Conference: Capital Markets – Connecting China and the World was held on 27 March 2018 inBeijing.
The conference was very well received with over 160 attendees, including 19% policy makers/public
officials and 10% buy side. Over 1300 non-media subscribers to Wind watched the conference via livestreaming, with the top locations being Beijing, Shanghai, Guangdong, Zhejiang and Jiangsu.

1This conference brought together experts from industry and the private sector as well as governmentand regulatory agencies to examine the various issues relevant to China in its effort to develop deep andliquid inbound and outbound markets.
We were honored to have Mr. Yang Nong, Deputy Secretary-General, National Association of Financial
Market Institutional Investors (NAFMII) as our keynote speaker at this conference. The conference also
received support from around 40 senior speakers including key representatives from sell side,
institutional investors, leading market practitioners and industry experts in China capital markets.

2We expressed our sincere gratitude for the valuable supports from the 8 Sponsors, namely Ashurst, BNP
Paribas, Credit Agricole, HKUST, Moody’s Investors Service, Pengyuan International, SWIFT andTradeweb, along with the supporting organization, NAFMII. It is also appreciated of having 7 endorsing
associations to support this conference.
We have received positive feedback from the stakeholders including speakers, delegates and sponsors.
Most of them found the speakers excellent, the discussions highly informative and interesting, and theconference thought provoking and enjoyable with the opportunity to meet the various senior
representatives with similar interests in financial regulation, which encouraged the development ofChina Capital Markets.

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List of Participating Organizations in 2018:
Aberdeen Asset Management Asia
Agricultural Bank of China
Algomi Asia Pacific
Alternative Investment Management Association
AshurstAsian Development Bank (ADB)
ASIFMA
Association of National Exchanges Members of India
Australian Embassy, Beijing
Bank of Tokyo-Mitsubishi UFJ (China)
Beijing Smart Leopard Technology
BlackRock
Bloomberg
BMO Financial GroupBNP Paribas
Catastrophe Recovery Finance Holdings
CCDC Shanghai Headquarters
CDI Global China
China Central Depository & Clearing Co., Ltd. (CCDC)
China Construction Bank (CCB)
China Europe International Exchange AG (CEINEX)
China International Capital Corporation (Hong Kong)
China Investment Corporation
Cinda International Securities
Citadel Securities (Hong Kong)
Citi
CITIC Securities
City of London Corporation
Clearstream Banking
ComplianceAsia Consulting
Crédit Agricole Corporate and Investment Bank
Dealogic
Depository Trust & Clearing Corporation (DTCC)
Deutsche Borse AG
DRC Bank
E Fund Management (HK)EBS BrokerTec
Embassy of Canada-Beijing
Embassy of France in China
Embassy of Italy to the PRC
Embassy of Luxembourg in Beijing

Embassy of the United States of America
Euroclear Bank
Euroclear Group
European Union OfficeFidelity InternationalFieldfisher
FTSE Russell
Fullgoal Asset Management
Fullgoal Fund Management
Generali China Asset Management
GIZ GmbH
Goldman Sachs Gao Hua Securities
Han Kun Law Offices
Harvest Global Investments
Hitachi Capital Leasing (China)
Hogan Lovells
Hong Kong Exchanges and Clearing Limited (HKEx)
HSBC
IHS Markit
Industrial and Commercial Bank of China (ICBC)ING Bank N.V., Singapore BranchInternational Capital Market Association (ICMA)
Invest Hong Kong
Jun He Law Offices
KPMG Advisory
Luxembourg for Finance
MegaTrust Investment (HK)
MetLife Investments Asia
Moody's Investors ServiceMorgan Stanley
National Association of Financial Market
Institutional Investors (NAFMII)NEX OptimisationOdyssey Capital Group
Pengyuan International
Regal Capital
Securities and Exchange Commission of Cambodia
Shanghai Clearing House
Shanghai Stock Exchange
Shougang Corporation
SIFMA4

List of Participating Organizations in 2018 (Con’t):
Skandinaviska Enskilda Banken AB
Societe Generale
Standard Chartered Bank
State Street Bank & TrustSWIFT
The Northern Trust Company of Hong Kong

Thomson Reuters
Tradeweb
U.S. Department of the Treasury
UBS AG
Vanguard Investments Hong Kong
Wind

Event Website:
For more about ASIFMA Conference: Capital Markets – Connecting China and the World:
www.asifma.org/beijing2018
For more information about ASIFMA events: www.asifma.org/events5Final Program
Venue:The Ritz Carlton Beijing Financial Street (Ballroom, 2nd Floor)
Remarks:• Supported by National Association of Financial Market Institutional Investors (NAFMII)• Closed to the media

08:30-08:45

Delegates Check-in

08:45-08:50

Welcome Remarks• Mark AUSTEN, CEO, ASIFMA

08:50-09:00

Keynote• YANG Nong, Deputy Secretary-General, National Association of Financial Market
Institutional Investors (NAFMII)

09:00-10:00

Panel 1: Access Channels for Foreign Investors- QFII / RQFII, Direct CIBM, Bond Connect, Stock Connect, Others- Review of all the different programs- What are foreign investors looking for?
- What’s next and what more can be done to attract more foreign investments?
• Tianhe JI, China Rates & FX Strategist, BNP Paribas• Shan ZHONG, Senior Manager, Product Development, China Europe International
Exchange AG (CEINEX)• Julien MARTIN, MD, Head of FIC Product Development, Hong Kong Exchanges &Clearing Limited (HKEX)• Qi WANG, Founder and CEO, MegaTrust Investment (HK)• Whikie LIU, Head of Securities & FX Markets, China, SWIFT (Moderator)

10:00-10:30

Coffee Break6

10:30-11:30

Panel 2: China’s Fixed Income Market- CIBM, listed bonds, municipal debt, Panda bond
- Chinese repo markets- Derivatives and FX hedging- Investor protection and bankruptcy regime- Credit rating- Index inclusion• Patrick LEUNG, Director, Head of Fixed Income and FX Trading for APAC, BlackRock• Jing LUO, Deputy Director of Cross-Border Settlement Center, CCDC Shanghai
Headquarters• Zhanying LI, Director, Fixed Income Index, FTSE Russell• Carmen LING, MD, Head RMB Solutions, Corporate and Institutional Banking, Standard
Chartered PLC• Jennifer JIANG, Head of FICC Product, Wind
• Eugene CHEUNG, MD and Head of China, Tradeweb (Moderator)

11:30-12:30

Panel 3: Asset Management In and Outside China- Opportunities for foreign asset managers in China- Opportunities for Chinese asset managers outside China- PFM WFOEs, QDLPs, FMCs
- MRF, UCITs• Winnie PUN, MD, APAC Head of Public Policy, BlackRock• Carter SHI, ED, E Fund Management (HK) Co., Ltd.
• Freddy WONG, Portfolio Manager, Fidelity International• Yin GE, Partner, Han Kun Law Offices• James SUN, CEO, Harvest Global Investments• Eugenie SHEN, MD - Head of Asset Management Group, ASIFMA (Moderator)

12:30-13:30

Lunch7

13:30-14:15

Panel 4: Global Bond Markets: Accessing Primary and Secondary Fixed Income Markets- Chinese Bond Issuance and Issuing Offshore: Accessing Primary Markets- Investing in Global Bond Markets- Trading, Clearing & Settlement and Regulatory Reporting• Esmond LEE, Advisor, Euroclear Group• Ivan CHUNG, Associate MD, Head, Greater China Credit Research and Analysis,
Moody’s Investors Service• Jonathan HU, ED, CEO, Pengyuan International• Kelly MCKENNEY, Director, Head of Distribution for Asia (ex-Japan), Tradeweb• Michael Decker, MD, Municipal Division, SIFMA• Benjamin LAMBERG, MD, Global Head of MTNs & Private Placements and Head ofCredit Asia, Crédit Agricole Corporate and Investment Bank (Moderator)

14:15-15:00

Panel 5: Offshore Equities Market- MSCI China A Share Inclusion - Expectations from foreign institutional investors tofurther lift China’s emerging markets index weighting- How do Offshore markets work for equities investors and how might China look toreform its markets in the years ahead as it connects with the rest of the world?
- Alpha and Beta in the new world of normalised volatility- Securities Lending both as a risk hedging tool as well as for generating alpha- Equities related opportunities in China for investors and for the real economy• Stephane LOISEAU, MD, Head of Cash Equities & Global Execution Services, Asia
Pacific, Société Générale
• Jason WELLS, Vice President and Head of Securities Finance Agency Trading AsiaPacific, State Street Bank & Trust• Lyndon CHAO, MD – Head of Equities, ASIFMA (Moderator)

15:00-15:30

Coffee Break8

15:30-16:15

Panel 6: Belt Road Initiatives: Experiences from Global Infrastructure Projects- Role of supranational organizations- Role of capital markets• Giacomo GIANNETTO, Principal Financial Sector Specialist, Asian Development Bank(ADB)• CG LAI, Head of Global Markets, Greater China, BNP Paribas• Nicolas MACKEL, CEO, Luxembourg for Finance• Tailei WAN, Head of International Cooperation Department, National Association ofFinancial Market Institutional Investors (NAFMII)• Sherry MADERA, Special Adviser for Asia, City of London Corporation (Moderator)

16:15-17:00

Panel 7: Challenges of Establishing a Finance Business Offshore- Regulatory Environment- AML / KYC- MIFID II / Dodd Frank• Frank WU, China Office Chief Representative, General Manager, Director, Alternative
Investment Management Association (AIMA)• Patrick PHUA, Office Managing Partner, Beijing, Ashurst• Jiaxing ZHOU, MD & Head of Legal, Department of Legal and Compliance, China
International Capital Corporation (Hong Kong) Limited• Manjesh VERMA, Head of Credit Sector Specialists for Asia, Citi
• James SUN, CEO, Harvest Global Investments• Vijay CHANDER, ED – Fixed Income, ASIFMA (Moderator)

17:00

Concluding Remarks

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