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Capitalising on China

ICAEW’s Hong Kong chapter has hosted an event entitled ‘Capitalising on China’, where experts shared their thoughts on the shifting financial, economic and political landscape in China. Here you can watch the keynotes presentation from Robert Koepp, director of The Economist Corporate Network, as well as excerpts from the panel discussion.

On 31 May 2018, Andie Wang, ICAEW’s regional director of Greater China, hosted an event in Hong Kong which brought together experts in the Chinese financial market with ICAEW members, to discuss how organisations can capitalise on China.

The event opened with a presentation from Robert Koepp, director of The Economist Corporate Network. In his 30-minute seminar, he discussed the country's credit-centric capital financing structure, it's debt boom and fintech in the region, as well as regulatory reforms and the outlook for the future.

After his presentation, Robert was joined by Connie Bolland, managing partner and chief economist at Economic Research Analysis (ERA) and Andrew Weir, FCA, senior partner at KPMG, to answer questions about the region posed by Andie and the audience. The questions covered:

Meet the panel

Capitalising on China - presentation

Robert Koepp, director of The Economist Corporate Network, shares his thoughts on the shifting financial, economic and political landscape in China. He covers the shadow banking sector, the bonds market and the outlook for the future.

The panel discussion

What will be the impact of US trade tariffs?

The panel discuss the potential of the 25% tariff on $50bn of Chinese goods imposed by Donald Trump. They consider whether it may be a negotiation tactic and how China may react.

Can foreign banks compete in China, particularly in light of the digital economy?

The panel discuss the challenges and opportunities facing foreign banks wanting to break into the Chinese market.

Changes to Hong Kong listing rules to accommodate Chinese technology firms.

Andrew Weir, FCA, senior partner at KPMG, discusses the changes in listing rules in Hong Kong to attract Chinese tech firms, who have traditionally looked to list on NASDAQ. He also outlines the reaction of China Securities Regulatory Commission in creating China Depository Receipts.

Is the development of the Greater Bay Area good for Hong Kong?

The panel discuss the potential impacts of the development of the "Greater Bay Area". The Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an economic and business hub.

Is the belt and road initiative going to change China and China’s neighbours?

The panel answer an audience question relating to the Chinese government's belt and road initiative, and its impacts both near and far.

Will there be more defaults in the bond market and what might be the impact?

Following on from his presentation, Robert Koepp answers an audience question relating to the levels of bond defaults in the Chinese market.

Systematic risks and challenges for the regulators

The panel answer an audience question relating to whether China needs to change its approach and whether the Western economies really have it right.

Where is China in the global unicorn race?

Andrew Weir answers an audience question relating to the number of private start-up tech companies in China that are valued at more than $1bn, and how that compares to the market globally.