Financial Innovations, Regulation, and Risk Management in China: Lessons from the Sub-prime Crisis
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Financial Innovations, Regulation, and Risk Management in China: Lessons from the Sub-prime Crisis
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The influence of the American sub-prime crisis has been continuing and has been threatening the development of the world economy. On March 28th, 2008, Business School of Hong Kong University of Science and Technology (HKUST Business School), reputed as “Top Business School in Asia” held a big forum named “Financial Innovations, Regulation, and Risk Management in China: Lessons from the Sub-prime Crisis” in The Ritz-Carlton of Beijing Financial Street, so that China financial institutions can establish a sense of potential danger and improve their ability to withstand the global financial crisis. The forum was strongly supported by Beijing Financial Street Chamber of Commerce, where many famous foreign and domestic financial institutions gather, where China financial institution headquarters have most concentrated and where there are the most enterprise headquarters listed in Fortune 500. This forum has presented the attack to and negative impact on the world finance and economy brought by American financial crisis, aiming to ring the alarm for China financial industry in financial innovation and risk management.
The specially-invited keynote speakers were Mr. Yi Gang, Deputy Governor of People’s Bank of China; Mr. Fang Fang, CEO, Director of the Board and General Manager of JP Morgan(China); Mr. Wang Ou, Researcher of the Research Center of China Securities Regulatory Commission; Mr. Jerome Yen, Visiting Professor of Finance Department, HKUST Business School; Member of Executive Committee to Asia Association of Risk and Crisis Management(AARCM); Former Senior Vice President and Deputy Chief Risk Officer at Cathay Financial Holdings (CFH). Also, Mr. Leonard Cheng, Justice of Peace, Acting Dean and Professor of HKUST Business School and Former Member of Commission on Strategic Development, HKSAR Government together with the world-known professor team from HKUST Business School participated in this forum. They are Mr. Francis Lui, Director of the Center for Economic Development, HKUST and Professor of HKUST Business School and Mr. Kalok Chan, Famous Economist Listed in Who’s Who in Economics and Professor as well as Head of Finance Department, HKUST Business School. Additionally, about 250 high-level managers from foreign and domestic financial institutions and companies, officials from government and research institutes also attended the forum. The Beijing Forum adopted the form of keynote speech and the interaction between the hosts, commentators, guests and participants. Many media, such as CCTV News, CCTV 4, CCTV 9, 21st Century Business Herald, China Business, China Business News, Economic Observer, The Beijing News, Caijing Magazine and Shanghai Business Daily covered this event and many other media also re-printed the report. This forum has exerted a great impact on the financial innovation, regulation and risk management in Mainland China. Related Media:
21st Century Business Herald
:http://www.21cbh.com/content.asp?newsid=31397 |
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Mr. Yi Gang, Deputy Governor of People’s Bank of China | |
Mr. Leonard Cheng, Justice of Peace, Acting Dean and Professor of HKUST Business School and Former Member of Commission on Strategic Development, HKSAR Government | |
Mr. Fang Fang, CEO, Director of the Board and General Manager of JP Morgan(China) | |
Mr. Wang Ou, Researcher of the Research Center of China Securities Regulatory Commission | Mr. Jerome Yen, Visiting Professor of Finance Department, HKUST Business School | |||||
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| On the spot of the Forum |
On the spot of the Forum |
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