ASIFMA China Capital Markets Conference 2023


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ASIFMA China Capital Markets Conference 2023

27 June 2023  | In-person | Renaissance Hong Kong Harbour View Hotel


ASIFMA’s flagship China Capital Markets conference is back, and we will once again be bringing together global experts to discuss the key issues facing China’s capital markets. After 3 long years, China is at a critical juncture as it finally opens back up for business. We examine some of the top-line issues including the Chinese IPO market, fixed income products and regulation, global interoperability, digital payments, data management and market access.

China Capital Markets, brings together Asian and global policymakers, central bankers, issuers, treasurers, leading market practitioners and experts from both sell-side and buy-side to discuss key market developments.



Program Format:

1-day engaging programme through keynote addresses, panel discussions, case studies, and fireside chats.

For more details about the event or if you would like to join the speaking faculty contact William Sargent, Head of Events (

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At ASIFMA, we are committed to ensuring diversity and inclusion in our workplace and this policy is applied in all areas of our business including speaker roles at our events and conferences.  We wish to work with members and partners who share this same commitment and are willing to support this policy. We welcome your feedback on content. You can email:

08:45 – 08:50 Welcome Remarks
Lyndon Chao, Managing Director, Head of Equities and Post Trade, ASIFMA
08:50 – 09:00 Opening Keynote
China Securities Regulatory Commission (CSRC) 
Speaker to be confirmed
09:00 – 09:10 Opening Keynote
Julia Leung, Chief Executive Officer, Securities and Futures Commission
09:10 – 09:13 Welcome Remarks
China Construction Bank, Speaker TBC
09:15 – 10:00 Morning Panel 1: Plenary Session – a China Markets Macro Overview
Cui Li, Chief Economist, Managing Director & Head of Macro Research, CCB International Securities Limited
Sabino Fornies Martinez, Minister Counsellor Economic and Financial Affairs Section, EU Delegation Beijing
Iris Pang, Chief Economist, Greater China, ING
Professor Xiaoyan Zhang, Chair Professor of Finance and Associate Dean at PBC School of Finance, Tsinghua University
Moderator: Alice Law, Chief Executive Officer, ASIFMA
10:00 – 10:40 Morning Panel 2: How Can China Strengthen its Attractiveness as an Investment Destination for Foreign Investors?
• What’s on the horizon for China’s vast capital markets?
• What changes has China made to attract foreign investment into its capital markets, are they enough and what else is needed?
• What are some of the onshore opportunities for global financial institutions?
• Is it easier for them to get approval to operate a wholly or majority foreign owned entity in China?
• What are the main challenges for global financial institutions operating or planning to operate their business in China?
Dr Huang Haizhou, Managing Director & Chairman, CICC
Desiree Wang, Managing Director, China Country Head, JP Morgan Asset Management
Cao Shounian, Chief Executive of CCB HK Financial Markets Centre, Deputy Chief Executive of CCB, HK Branch, China Construction Bank

Xiaofeng Zhong, Chairman, Amundi Asset Management
Moderator: Grace Yu, Partner, Fangda Partners
10:40 – 11:10 Coffee Break
11:10 – 12:00 Morning Panel 3: The Changing IPO Landscape for Chinese Companies
The market has seen significant regulatory developments in the IPO space the past year, including resolution of the PCAOB audit issue, HK SFC’s launch of the IPO Book building Code of Conduct, China’s expansion of the registration-based IPO regime from pilots on SSE’s STAR and SZSE’s ChiNext to the main board, and the new Chinese Company Overseas Listing Trial Measures.
• How has the market responded and what are future implications of these measures?
• What are the trends for preferred venues for Chinese companies seeking to raise capital?
• What additional market structure changes might be needed to meet the capital raising needs of Chinese corporates?
Charles Lin, Chief Executive Officer, GF Holdings (HK) Corporation
Anthony Wong, Director, Intermediaries Division, Securities and Futures Commission
Sean Wu, Executive Director, Assistant Legal Counsel, J.P. Morgan

Moderator: Lyndon Chao, Managing Director, Head of Equities and Post Trade, ASIFMA
12:00 – 12:50 Morning Panel 4: Fixed Income – the Risk and Liquidity Management of China Bond’s Portfolios
• What are the options and impediments for foreign investors to efficiently manage the risks and liquidity of their bond portfolio?
• What are the key recent regulatory changes and how do they impact the liquidity of the China bond market?
• What are the opportunities for market infrastructures in bridging the onshore and offshore markets?
• How can the Connect schemes be leveraged to access onshore liquidity and risk management?
Shen Li, Managing Director, Head of Global Markets China, State Street
John Luk, Head of Emerging Markets, Greater China, Credit Agricole CIB
Freddy Wong, Head of Asia Pacific, Invesco Fixed Income, Invesco
Weijiang Yu, Managing Director & Deputy Head of Fixed Income, CICC
Moderator: Philippe Dirckx, Managing Director, Head of Fixed Income, ASIFMA
12:50 – 13:50 Networking Lunch
13:50 – 14:30 Afternoon Panel 1: Navigating Global Interoperability and Data Fragmentation
• How are global FIs and their tech providers navigating the regulatory environment in China whilst driving digital transformation?
• Operational efficiency and digital transformation versus cross-border data transfer restrictions, network segregation requirements, and infrastructure fragmentation
• What is the impact of the regulatory landscape in China on public cloud strategies?
• What is the optimal operating model and data/tech architecture?
• How to achieve cost efficiencies?
George Jia, Country Manager, Greater China, DTCC
Hasan Rauf, Head of Capital Markets, Business Development, APAC & Japan, AWS
Tim Taylor, CTO Head of Cloud Services and DevOps Asia Pacific, HSBC
James Zheng, Management Consulting, Partner, KPMG Advisory (China) Limited
Moderator: Laurence Van der Loo, Executive Director, Tech & Ops, ASIFMA
14:30 – 15:10 Afternoon Panel 2: Sustainable Finance in China – Ambition, Regulatory Landscape, Incentives and Opportunities
• Bonds, equities and loans – how can foreign investors play a role?
• China carbon markets – development and opportunities. Is carbon-connect a feasible proposition?
• Are China’s sustainability standards and regulations aligned and interoperable with international standards and markets (ISSB, EU regulations – including the Carbon Border Adjustment Mechanism, Green Bond Principles and Common Ground Taxonomy)?
• Can Hong Kong be a bridge channeling sustainable investments to and from China?
Siyuan Pan, Partner, Fangda Partners
Stanley Song, Head of Securities Services, China, BNP Paribas
Wenhong Xie, Head of China Programme, Climate Bonds Initiative
Moderator: Diana Parusheva-Lowery, Executive Director, Head of Public Policy and Sustainable Finance, ASIFMA
15:10 – 15:40 Coffee Break
15:40 – 16:20 Afternoon Panel 3: Beyond the Beachhead for China A Shares, What’s Next to Further Expand China’s Index Inclusion?
• How should the QFII and Stock Connect channels evolve and complement each other?
• What are the risk management constraints impairing further global investment into China A shares (lack of hedging tools like SBL, listed derivatives and block trading etc.)
• How to address the funding constraints to grow investment? Can the prefunding requirement be removed, now with the DVP foundation in place?
Brenda Lau, Vice President, Network Management, State Street
Tian Lu, Deputy CEO of Goldman Sachs Gao Hua, Goldman Sachs
Zhiyi Ren, Partner, Fangda
Senan Yuen, Head of Investment China, Fidelity International
Moderator: Lyndon Chao, Managing Director, Head of Equities and Post Trade, ASIFMA
16:20 – 17:00 Afternoon Panel 4: Alternative Investment Opportunities
• How attractive are some of the alternative investment sectors/opportunities in China?
• Opportunities in the depressed real estate sector that may be attractive to foreign investors, and can we expect a rebound in the sector?
• How can foreign investors be assured that there will be no shift in government policy towards private equity investments in certain sectors?
• Is there a strong interest among Chinese investors to invest overseas? If so, what channels are available to them and what types of investments are they interested in? What are the regulatory impediments to them doing so?
Simon Chan, Director, BlackRock
Avery Colcord, Managing Director, AB CarVal Investors, Singapore
Christopher Lee, Managing Director & Chief Analytical Officer, Asia-Pacific,
S&P Global Ratings
Jun Qian, Head of Private Equity China, Schroders Capital
Moderator: Eugenie Shen, Managing Director, Head of Asset Management Group, ASIFMA
17:00 – 17:10 Closing Remarks
Lyndon Chao, Managing Director, Head of Equities and Post Trade, ASIFMA

To effectively engage this esteemed audience and connect with the global and regional community, various sponsorship packages with speaking slots and marketing opportunities are available for ASIFMA members and non-members offering unparalleled branding exposure and lead generation. Financial institutions, vendors, consultants and law firms are particularly encouraged to join as sponsors.

For sponsorship, contact Joy Balboa, Manager – Marketing and Business Development (

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Industry experts and senior representatives from sell-side and buy-side communities, law firms/ consultants/ vendors, global and Asian policy makers, regulators and central banks.​

At ASIFMA, we are committed to ensuring diversity and inclusion in our workplace and this policy is applied in all areas of our business including speaker roles at our events and conferences.  We wish to work with members and partners who share this same commitment and are willing to support this policy. For more details about the event or if you would like to join the speaking faculty contact William Sargent, Head of Events (

Standard rate:
ASIFMA Members/Endorser Members US$220
Non ASIFMA Members US$270

Media contact

This event is open to the press. For media inquiry, please contact Corliss Ruggles (

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