FutureChina Global Forum 2015

Day 1, Monday, 20 July 2015
0800hrs – 0900hrs Registration
0900hrs – 0915hrs Welcome and Opening Remarks
0915hrs – 1045hrs
Opening plenary session
Navigating the economic slowdown
 
As questions emerge on whether China's economy will be able to achieve its official GDP growth target of 7% for this year and if the stimulating measures put in place by the government will be able to prevent a hard landing and keep the economy on track, the following key issues and challenges have to be addressed to put a floor on the growth rate:
  • Ensuring that the shift to a growth model that is more reliant on domestic consumption and driven by knowledge and innovation moves ahead
  • Dealing with overcapacity in many sectors of the economy
  • Managing the rising debt which is now at 280% of GDP when public and private debt are cumulated, a level that is higher than that of the US
  • Addressing the growing challenge of job creation for the young generation
  • Addressing the inefficiencies in the SOEs sector and allowing the private sector to play a greater role in the Chinese economy.
While the central government has pledged to address these issues and has made some inroads in addressing them, whether these government measures are effective in creating the conditions for China's economy to achieve its official growth objectives remains to be seen in coming months
 
Keynote Speaker:
TUNG Chee Hwa 董建华, Vice-Chairman, 12th CPPCC National Committee, People's Republic of China
 
Panelists:
Yukon HUANG 黄育川, Senior Associate, Carnegie Endowment for International Peace, United States of America
Justin LIN 林毅夫, Professor & Honorary Dean, National School of Development, Peking University, People's Republic of China
Mari PANGESTU 冯慧兰, Professor of International Economics, University of Indonesia, Indonesia

Moderator:
Claude SMADJA, President, Smadja & Smadja, Strategic Advisory Inc, Switzerland

1045hrs – 1115hrs Networking break
1115hrs – 1230hrs
Panel discussion
Private capital getting into the driver seat: What opportunities can this create?
 
It is well admitted that China’s economic restructuring and rebalancing will not work without an even greater role allowed for the private sector. While the leadership has recognized this fact, a number of obstacles still remain for the private sector to expand its activities and be on a level playing field with SOEs.
  • What reforms are needed to expand the role of the private sector?
  • What kind of new economic activities and opportunities for growth can we expect given an expanded role of the private sector?   
Panelists:
Vincent CHAN 陈镇洪, Chief Executive Officer, Spring Capital, People's Republic of China 
CHEW Sutat, Executive Vice-President, Singapore Exchange Ltd, Singapore
Chuan THOR 涂鸿川, Managing Director (Shanghai), Highland Capital Partners, People's Republic of China
John ZHAO 赵令欢, Founder & CEO, Hony Capital, People's Republic of China
 
Moderator:
Benjamin LIM, North Asia Specialist Correspondent, Reuters News, Thomson Reuters
1115hrs – 1230hrs
Panel discussion
China’s consumers as an answer to the economic slowdown
 
China’s leadership has committed to increase household consumption so that internal demand would help power economic growth. At 36% of GDP, consumer spending is still far below the level it should be for an economy given the size and level of development of China. A recent development is the emergence of a new generation of consumers asserting new, more sophisticated and personalized tastes. They are ready to spend. In that respect, e-commerce is proving to be a game changer in helping to reach consumers and to cater to their needs despite many structural inefficiencies that affect China’s economic life.
  • Who are the new consumers and what do they want?
  • How would an improvement of the social safety net for Chinese citizen impact positively on domestic consumption?
  • What kind of long-term policies would help drive consumption as China shift its economic model?
Panelists:
FOO Jixun 符绩勋, Managing Partner, GGV Capital, People's Republic of China
LEE Swee Keng 李瑞庆, Executive Chairman, Zhongmin Baihui Retail Group Ltd, People's Republic of China
Chris LEUNG 梁兆基, Executive Director and Senior Economist, DBS Bank, Hong Kong SAR
 
Moderator:
George CHEN 陈澍, Managing Editor, SCMP.com International Edition, South China Morning Post, Hong Kong SAR
 
1245hrs – 1415hrs
Plenary lunch 
Staying the course of the economy
 
Keynote Speaker:
Levin ZHU 朱云来, Former Chief Executive Officer, China International Capital Corporation, People's Republic of China
 
Moderator:
Tan Khee Giap 陈企业, Associate Professor of Public Policy, Lee Kuan Yew School of Public Policy, National University of Singapore, Singapore
 
1430hrs – 1545hrs
Panel discussion
Clean energy: The fast growing industries to watch... And get involved with 
 
The development of the clean energy industry in China is expected to gain additional traction in 2015 and beyond as illustrated by the recent China-US agreement to tackle climate change. Investments in the solar, wind and other renewable sectors have not slowed and the country’s clean energy market is expected to quadruple between 2010 and 2030. As things stand, the country is on track to achieve the objective of 15% of the energy mix coming from clean energy by 2020. China will also remain one of the world’s top exporters of clean energy technology.
  • How is the clean energy sector managing overcapacity problems?
  • How will the structure of subsidies and incentives to the clean energy sector evolve?
  • What are the clean technology areas where the impact of greater private sector involvement will be felt looking ahead?
Panelists:
Christophe INGLIN, Managing Director, Phoenix Solar Pte Ltd, Singapore
Jay LURIE, Investment Officer, Infrastructure, International Finance Corporation, Singapore
Thomas REINDL, Deputy CEO, Solar Energy Research Institute of Singapore, Singapore
WU Changhua 吴昌华, Director, Greater China, The Climate Group, People's Republic of China
 
Moderator:
Wang Liwei 王力为, Reporter, Caixin Media & Host, Caixin Video, People's Republic of China
1430hrs – 1545hrs
Panel discussion
China's agri-business sector as a new opportunity for investment and growth
 
Beijing has expressed the objective of speeding up the modernization of the agricultural sector through reforms as well as through promoting more innovation in the sector. As the country is struggling to maintain its food self-sufficiency, the acute issues of food safety and the diversification and growing sophistication of the taste of the Chinese consumer are sustaining high demand growth and generating new needs. The reform to partially liberalize land and prices should help the development of the agribusiness sector.
  • How will the demand for food evolve in China in the coming years and what sectors should see the fastest growth?
  • What opportunities are these creating for investors?
Panelists:
CHEW Ping 周彬, Managing Director & Regional Head of Food & Agribusiness Research and Advisory (Asia), Rabobank, Hong Kong SAR
Peter CIMMET, Managing Director, Olympus Capital Holdings Asia, Singapore
Alan WILLITS, Chairman, Cargill Asia Pacific, Singapore
 
Moderator:
Claude SMADJA, President, Smadja & Smadja, Strategic Advisory Inc, Switzerland
 
1600hrs – 1715hrs
Panel discussion
China as a challenger AND as part of the existing world order: What does this mean for meeting global challenges? 
 
As China continues to raise its profile on the international scene, the complexity of its role as a new superpower integrating the existing global order AND as a challenger of this order becomes more apparent. One of the latest examples of this is the initiative taken by Beijing to create an Asian Infrastructure Investment Bank – a move seen by the US as a challenge and a competition to the existing institutions of the World Bank and the Asian Development Bank. At the same time that China has a clear interest in strengthening a number of elements of the existing world system as they exist, most of the international institutions reflect more a picture of the world inherited from World War II than today’s realities of the international scene.
  • What is the balance between China’s challenger and stakeholder roles of the global systems?
  • To what extent could US policies be a defining factor in reinforcing China’s role as a stakeholder than challenger?
  • How will China’s partners have to adjust their policies to what will remain a major ambivalence in China’s growing international role? 
Panelists:
Yaseen ANWAR, Senior Advisor, Industrial and Commercial Bank of China, Singapore
Tommy KOH 许通美, Ambassador-at-Large, Ministry of Foreign Affairs, Singapore 
LI Cheng 李成, Director, John Thornton China Center, Brookings Institution, United States of America 
Mari PANGESTU 冯慧兰, Professor of International Economics, University of Indonesia, Indonesia
SHEN Dingli 沈丁立, Professor and Associate Dean, Fudan University's Institute of International Studies, People’s Republic of China
 
Moderator:
Ravi VELLOOR, Associate Editor, The Straits Times, Singapore Press Holdings, Singapore
 
1600hrs – 1715hrs
Panel discussion
Will the new emphasis on the rule of law make a difference?
 
The fourth Plenum of the Communist Party last October has set as an objective to advance the rule of law in China. The Leadership has committed to new legal reforms with a significant impact on China’s society and economy. This should lead – among other aspects - to greater transparency and a more predictable approach to business and regulatory issues – a source of major concern for companies operating in China. In the same way, this emphasis on the rule of law will set a legal framework to the anti-corruption drive and also improve the framework for managing Chinese bureaucracy.
  • What is the assessment of the seriousness of the leadership to create a more predictable and transparent legal framework economic and social activities?
  • What kind of tangible changes could be expected from this emphasis on the rule of law?
Panelists:
Mark DUVAL 杜骁勇, President, American Chamber of Commerce in China, People’s Republic of China
HE Jiahong 何家弘, Director, Center for Common Law, Renmin University of China, People's Republic of China
HE Weifang 贺卫方, Professor of Law, Peking University, People's Republic of China
Timothy STRATFORD 夏尊恩, Manager Partner, Covington & Burling, People's Republic of China
Wang Zhenmin 王振民, Professor and Dean, Tsinghua University Law School, People's Republic of China
 
Moderator:
WANG Jiangyu 王江雨, Associate Professor, Faculty of Law, National University of Singapore, Singapore
 
 1715hrs – 1745hrs
Networking break
1745hrs – 1900hrs
Panel discussion
Reforming the SOEs: Could it make or break China's economic rebalancing?
 
President Xi Jinping has been intent to accelerate the reform of the SOEs in 2015 – a key element for bringing about the restructuring of China’s economy and the emergence of a new growth model. Too many of the country’s 150,000 SOEs continue to function according to a now obsolete mindset and are loss-making or barely profitable with a return on investment half of the level in the private sector. Not only is this dragging down growth but it is a source of corruption, of waste of resources and it is hampering the development of more efficient private companies 
  • What would make the mixed ownership solution promoted by the government work?
  • Should we expect a new wave of privatization of SOEs?
  • What is needed to boost efficiency and productivity
  • How to achieve a better return on capital for SOEs
 
Panelists:
Ivan CHUNG 钟汶权, Senior Vice President, Moody’s Investors Service, Hong Kong SAR
Yukon HUANG 黄育川, Senior Associate, Carnegie Endowment for International Peace, United States of America
Christopher LEE 李国宜Managing Director, Corporate Ratings, Standard and Poor's, Hong Kong SAR
Levin ZHU 朱云来, Former Chief Executive Officer, China International Capital Corporation, People's Republic of China
 
Moderator:
Wang Liwei 王力为, Reporter, Caixin Media & Host, Caixin Video, People's Republic of China
 
1745hrs – 1900hrs
Panel discussion
Where will the anti-corruption drive take China?
 
Never before had a Chinese leader gone head-on against so many interest groups and power centers. The anti-corruption drive launched by President Xi Jinping is now reaching the highest level of the government, Party and Army apparatus. While the drive is making President Xi very popular among a public tired and frustrated by the obnoxious abuse of power and could prove to be crucial in ensuring the sustainability of the Communist Party rule, many observers are quick to point out the risks involved in antagonizing so many powerful circles all at once.
  • Is President Xi Jinping taking a big political risk by spreading his anti-corruption campaign or is it a sign of a leader well assured of his grip on power?
  • What could be the transformative impact on China’s economy and society of the anti-corruption drive?
  • To what extent is the anti-corruption drive a crucial element in ensuring the success of China’s reform and restructuring process?
Panelists:
George CHEN 陈澍, Managing Editor, SCMP.com International Edition, South China Morning Post, Hong Kong SAR
Benjamin LIM 林洸耀, North Asia Specialist Correspondent, Reuters News, Thomson Reuters
Wang Zhenmin 王振民, Professor and Dean, Tsinghua University Law School, People's Republic of China
ZHANG Lifan 章立凡, Writer & Historian, People’s Republic of China
ZHU Jiangnan 朱江南, Assistant Professor, Department of Politics and Public Administration, University of Hong Kong, Hong Kong SAR
 
Moderator:
LI Cheng 李成, Director, John L. Thornton China Center, Brookings Institution, United States of America
 
1900hrs – 2000hrs
Cocktail Reception
2000hrs – 2230hrs
Gala Dinner 
China's one belt one road policy and its economic and political impact on larger Asia
 
Keynote speaker:
George YEO 杨荣文, Chairman, Kerry Logistics Network Limited, Singapore
 
Moderator:
HEE Theng Fong 许廷芳,Consultant, Civil & Commercial Litigation, Harry Elias Partnership LLP and Board Director, Business China, Singapore
 
Day 2, Tuesday, 21 July 2015
0845hrs – 1000hrs
Plenary session
China’s entrepreneurial surge: How a new generation of companies is beginning to reshape the business landscape
 
While China’s economic slowdown is being felt in almost every sector of activity, we are witnessing at the same time a new wave of entrepreneurial dynamism in the country. A new generation of young entrepreneurs – many in their early 20s – is riding the wave of technological innovation and societal change to create new businesses and generate new wealth, beginning to impact on the country's business and economic landscape.  
  • Who are the members of this new generation of entrepreneurs?
  • To what extent do they differ from their predecessors, the creators of the Alibaba, Tencent or Baidu success stories?
  • What opportunities are they creating and how is their impact beginning to be felt on China’s business landscape?
Panelists:
Alvin Wang GRAYLIN 汪丛青, Founder & Chief Executive Officer, mInfo Inc., People's Republic of China
LI Tao 李涛, Chief Executive Officer and Founder, APUS Group, People's Republic of China
YU Junde 余俊德, Vice President, APAC, App Annie, People’s Republic of China
John ZHAO 赵令欢, Founder & CEO, Hony Capital, People's Republic of China
Kevin ZHAO 赵润龙, CEO, Wangli Finance Group, People's Republic of China
 
Moderator:
TAN Kok Hui 陈国辉, Associate Dean (China Program), Nanyang Business School, Nanyang Technological University, Singapore
 
1000hrs – 1020hrs Networking break
1020hrs – 1120hrs
Panel discussion
The US-China-Japan strategic triangle: How can it work for the region's benefit?
 
A lot of the Asian region stability in the coming years will hinge upon the way the triangular relationship between China, the US and Japan will evolve. Beyond the mutual suspicions marring the relationship between China and the US, beyond the heavy burden of the historical legacy which continues to impact on the China-Japan relationship, how can this strategic triangle made to work for the stability and prosperity of the Asian region?
  • To what extent the growing economic interdependence between the three countries could become – or is already becoming - the best guarantee that geopolitical frictions will not get out of control?
  • What role can other Asian countries have in helping consolidate the positive impact to be had form a stable strategic relationship between Washington, Tokyo and Beijing? 
 
Panelists:
Kenneth CHOI 朴楚义, Deputy Editor, Strategic Planning News Desk, Chosun Daily Newspaper, Republic of Korea
Evan FEIGENBAUM 方艾文, Vice Chairman, The Paulson Institute, United States of America
SHEN Dingli 沈丁立, Professor and Associate Dean, Fudan University's Institute of International Studies, Fudan University, People’s Republic of China
Akiko IMAI 今井章子, Executive Director and Research Fellow, The Tokyo Foundation, Japan
 
Moderator:
Clyde PRESTOWITZ, President, Economic Strategy Institute, United States of America
 
1020hrs – 1120hrs
Panel discussion
Looking at the steady rise of civil society and what it means for China's evolution
 
Civil society is increasingly making its voice heard in China on issues relating to food safety, environment, land grabs and other abuses of power – sometimes with significant success. While the government has been increasingly tightening its control on, and repressing, most civil society groups dealing with human rights issues or aiming at having a voice on how to govern the Chinese society, it has adopted a pragmatic attitude – and even a collaborative one – with NGOs dealing with health issues or child care, social entrepreneurship or, more generally, involved in social improvement. To some extent, this is a recognition by the government that NGOs can play a useful and much needed complementary role in delivering social services. How are these NGOs calibrating their activities with respect to the government role and how do they assess their impact? How do they make sure to stay within the boundaries permitted by the authorities? To what extent do they feel free to collaborate with foreign NGOs in their respective domains?  
  • What impact can civil society actions have on China’s economic and social evolution?
  • How is the government calibrating its policy between control of the social media and using it as a barometer to respond to public concerns and frustrations?
Panelists:
Richard BRUBAKER, Visiting Professor, China Europe International Business School, People’s Republic of China
DING Li 丁立, Vice President, Non-Profit Incubator, People’s Republic of China
Karen LIU 刘逸平, Managing Director, Social Venture Group, People's Republic of China
 
Moderator:
Yaël Smadja, President, Smadja & Smadja, United States of America
 
1130hrs – 1245hrs
Plenary session
“One belt one road”: Assessing Xi Jinping's signature initiative and what it means for China’s neighbors
 
Ever since the project was launched in 2013, the “one belt one road” initiative is shaping up as the signature endeavor of the present leadership. One plan is centered on the Asian and Eurasian landmass – the one road – while the one belt element looks at creating a 21st century maritime Silk Road, encompassing the South China sea, the South Pacific and the Indian ocean. While this initiative could unleash gigantic new economic developments especially in the domain of infrastructure and could herald a new era of much tighter economic and business linkages between China and its partners, it has also very significant geopolitical implications.
  • To what extent will the “one belt one road” reshape China’s economic and business relationship with its Asian neighbors?
  • How are China’s economic and geopolitical objectives complementing one another in this initiative and how will this enhance China’s role and positioning on the world stage?  
Panelists:
DING Hong Bin 丁洪斌, President, Qingjian Group Co., Ltd., People's Republic of China
Justin LIN 林毅夫,Professor & Honorary Dean, National School of Development, Peking University, People's Republic of China
Stanley LOH 罗家良, Ambassador of the Republic of Singapore to the People's Republic of China, Singapore
Richard HU 胡伟星, Professor, Department of Politics and Public Administration, University of Hong Kong, Hong Kong SAR
Chavalit Frederick TSAO 曹慰德, Chairman, IMC Pan Asia Alliance Group, Singapore
 
Moderator:
Claude SMADJA, President, Smadja & Smadja, Strategic Advisory Inc, Switzerland
 
1330hrs – 1530hrs
Closing plenary lunch
 
Keynote speaker:
LEE Hsien Loong 李显龙, Prime Minister, Singapore
 
Moderator:
GOH Sin Teck 吴新迪, Editor, Lianhe Zaobao, Singapore Press Holdings Limited, Singapore
 

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