For registration, please contact Ms. Claire Du at claire.du@alliance.com.cn or 010-6580 9681.

2012 is shaping up to be a year of deep adjustments. The European debt crisis continues to simmer, the economic recovery proves to be anemic in both the U.S. and Japan, growth in BRICS countries appears to be losing steam, the Middle East and North Africa are going through painful transformation, and tension over disputed maritime claims in Asia Pacific is mounting. Globally, painful structural adjustments are under way as a new round of political and economic restructuring is in the ascendant.

In such uncertain times, China will be positioned to calmly restart its comprehensive reform agenda, especially after smoothly completing the upcoming leadership succession. Following 30 years of rapid growth, how could China find sustainable driving forces for its moderate or even slow growth going forward and cope with new challenges arising from social transformation? This will test policymakers’ political wisdom and the consensus of a wide range of social groups.

How should China further promote reform and opening up, bid farewell to the narrowly defined economic reforms, actively and steadily push forward institutional reforms in social, cultural and political arenas and strengthen the rule of law, and improve social governance framework? How should China break free from the undesirable institutional mechanisms that curb China's sustainable economic development and smooth and orderly social transformation by altering government functions, adjusting fiscal and taxation systems, unlocking dividends related to factors of production, adjusting income distribution, promoting the reform of state-owned enterprises, and creating an urbanization process based on modern agriculture? These issues not only have a bearing on the future of China, but will also affect global trends.

As the end of the year draws near, influential politicians, business leaders and academicians from both home and abroad will again gather at “CAIJING Annual Conference 2013: Forecasts and Strategies” to discuss changes in the international arena, China's reforms and policymaking, and how to deepen its restructuring.

Wednesday, 28 November

08:00-08:30 Registration

Conference Hall Foyer

1F, China World Hotel

08:30-08:35 Opening Remarks

Conference Hall WANG Boming, Editor-in-Chief, CAIJING Magazine

1F, China World Hotel

08:35-09:05 Keynote Speech

Conference Hall SHANG Fulin, Chairman, China Banking Regulatory Commission

1F, China World Hotel

09:05-09:25 Keynote Speech

Conference Hall John HOWARD, Former Prime Minister, Australia

1F, China World Hotel

09:25-10:55 Session I: An Economic Outlook for China, the U.S. and the World Economy

Conference Hall, 1F

China World Hotel As the global economy took a heavy hit from the financial crisis starting in the fall of 2008, major economies in Europe and North America and the BRICS countries generally resorted to quantitative easing in monetary policy and proactive fiscal policy in response. Nonetheless, money printing proved to be far from being able to address the economic crisis rooted in global imbalances. As the effects of fiscal stimulus and government-backed investment programs gradually diminish, national governments have been caught in policy bind over any new political and economic countermeasures. The European debt crisis has continued to simmer since early 2012, highlighting an absence of structural adjustments and the anemic economic recovery.

Given these difficulties for reviving growth around the glove, China must re-examine its path to sustainable development. Following 30 years of rapid growth, how could China find sustainable driving forces for its moderate or even slow growth going forward and cope with new challenges arising from social transformation? This question will test policymakers’ political wisdom and the consensus of a wide range of social groups. Against the backdrop of the changing global economic landscape, how could China actively participate in global governance and seek drivers for and path to sustainable development? This question not only presents a challenge but also an opportunity to China.

Moderator:

Sunil KUMAR, Dean and George Pratt Shultz Professor of Operations Management, Booth School of Business, University of Chicago

Speakers:

Austan D. GOOLSBEE, Former Chairman, President Barack Obama’s Council of Economic Advisers; Robert P. Gwinn Professor of Economics, Booth School of Business, University of Chicago

Randall S. KROSZNER, Former Member, Board of Governors, Federal Reserve System; Former Member, President George W. Bush’s Council of Economic Advisers; Norman R. Bobins Professor of Economics, Booth School of Business, University of Chicago

Justin LIN, Former Senior Vice President and Chief Economist, World Bank; Honorary Dean, National School of Development, Peking University

Francis LUI, Associate Dean, Head of the Department of Economics and Professor, Business School, Hong Kong University of Science & Technology

10:55-12:25 Session II: China's Economy: Review of 2012 and Outlook for 2013

Conference Hall, 1F

China World Hotel Affected by sluggish external demand and economic restructuring, the Chinese economy displayed a sustained slowdown in 2012. The market holds divergent views on how one should look at the slowdown and whether there is a need for a new round of economic stimulus. With the approaching leadership transition at the Chinese government and the anticipation of an even more complex global situation in 2013, what are the ways for China to reach its dual goals of promoting economic restructuring and maintaining a certain rate of economic growth? What are the ways to prevent short-term measures from compromising its long-term visions? How can it achieve a new momentum for sustainable growth through deepened reform?

Moderator:

HE Di, Director-General, Boyuan Foundation

Speakers:

YANG Weimin, Vice Chairman, Office of the Central Leading Group on Financial and Economic Affairs

CHEN Dongqi, Vice President, Academy of Macroeconomic Research, National Development Reform and Commission

CAO Yuanzheng, Chief Economist, Bank of China; Board Member & Chief Economist, Boyuan Foundation

Helen QIAO, Chief Economist of Greater China and Managing Director, MorganStanley; Guest Economist, Boyuan Foundation

HA Jiming, Vice Chairman and Chief Investment Strategist of Investment Strategy Group, Investment Management Division, Goldman Sachs Group Inc.; Guest Economist, Boyuan Foundation

12:30-13:00 Luncheon Keynote Speech

Conference Hall, 1F

China World Hotel

Moderator:

DAI Xiaojing, Executive Director, Stock Exchange Executive Council; President, SEEC Media Group Limited

Keynote Speech:

CHEN Deming, Minister, Ministry of Commerce, The People’s Republic of China

13:00-13:45 CAIJING Dialogue

Conference Hall, 1F

China World Hotel

Moderator:

RUI Chenggang, Director and Anchor, China Central Television

Speakers:

Ray DALIO, Founder and Chief Investment Officer, Bridgewater Associates, L.P.

GAO Xiqing, Vice Chairman and President, China Investment Corporation

13:45-15:30 Session III: Urbanization and Land System Reform

Conference Hall, 1F

China World Hotel Deepening the reform of the land system is the only way to break down the urban-rural dual structure in China. Its practical significance and urgency have become increasingly prominent. In recent years, the Ministry of Land and Resources and other ministries have launched a few pilot schemes, with themes including “Linking the Increase in Land Used for Urban Construction with the Decrease in Land Used for Rural Construction”, “Reform of Land Expropriation System”, and “Collective Construction Land Transfer”. Guangdong, Chengdu, Chongqing, and other provinces and municipalities have tested waters in succession, building up a lot of reform experience. Nonetheless, due to contention surrounding some of the policies, land reform on the national level has yet to see an effective kickoff. How could China allow farmers to share the benefit of appreciation in land value? How could China secure regulated and orderly land acquisition in the name of public interests? How could China put an end to all the distortions under the system of land management by government? The reform of land is set to affect a lot of interests. To achieve coordinated development of urban and rural areas, China should examine and reform the existing land system

from a strategic perspective, effectively advancing China's urbanization process with modern agriculture as its cornerstone.

Moderator:

LI Tie, Director General, China Center for Urban Development, National Development and Reform Commission

Speakers:

CHEN Xiwen, Vice Chairman and Director of the Office, Central Rural Work Leading Group; Vice Chairman, Office of the Central Leading Group on Financial and Economic Affairs

HU Cunzhi, Vice Minister, Ministry of Land and Resources, The People’s Republic of China

ZHOU Qiren, Professor, National School of Development, Peking University; Academic Committee Member, Boyuan Foundation

15:30-18:00 CAIJING Annual Dialogue: State-Owned Enterprises & State-Owned Assets

Grand Ballroom, 1F

China World Hotel For China, the state-owned enterprise system is the most challenging major economic issue that should be addressed in the most urgent fashion. The reform of state-owned enterprises (SOEs) has been hotly debated since the beginning of 2012, as propositions from stakeholders vary dramatically. This marks an extension of the previous round of debates centering on the reform of SOEs. What’s the next step for the reform of SOEs? Which direction should the reform take? These issues are unavoidable nowadays. The SOEs are only vehicles and represent state-owned assets by their very nature. SOEs’ entry into or exit from specific sectors actually represent the flow and reallocation of state-owned assets. More importantly, the reform should aim at restoring SOEs’ original attribute, which in essence is offering public goods related to people's livelihood. This will not only involve a series of major theoretical and conceptual issues but also relate to a series of policy arrangements for the transformation of China's economic growth model, economic restructuring and the development of market-based economic system. There is an urgent need to sort things out and build consensus.

Opening Address:

HE Di, Director-General, Boyuan Foundation

Moderator:

QIAN Yingyi, Dean, School of Economics and Management, Tsinghua University

Speakers:

CHEN Qingtai, Former CPC Secretary and Vice President, Development Research Center of the State Council

QIN Xiao, Chairman of the Board, Boyuan Foundation

Gene TIDRICK, Former Senior Economist, World Bank

Wojciech DABROWSKI, President, Industrial Development Agency, Poland

GAO Liang, Former Director, Research Center of State-owned Assets, Institute of Economic System and Management, National Development and Reform Commission

SHENG Hong, Director, Unirule Institute of Economics

Thursday, November 29

09:00-09:05

Moderator:HE Di, Director-General, Boyuan Foundation

Conference Hall 

1F, China World Hotel

09:05-09:35 Keynote Speech

XIANG Junbo, Chairman, China Insurance Regulatory Commission

Conference Hall 

1F, China World Hotel

09:35-11:15 Session I: Challenges & Reform Breakthroughs

Conference Hall, 1F

China World Hotel Following 30 years of rapid growth, China's economy has now entered into a new stage of moderate growth. Globalization process brought about significant adjustments to the industrial landscape and segmentation in the service industry following the financial crisis. China's industrial restructuring, urbanization, which is plagued by excess capacity, and service sector still appear to be weak and backward. The persistence of these problems is further compounded by the emergence of such issues as population aging, rising labor costs, and mounting resource and environmental pressures. To meet these challenges, China will not only need top level designs but also rely more on the implementation of a set of supporting reform measures. In addition, substantial breakthroughs are also needed to in complex areas including government functions, fiscal and taxation system, income distribution, the reform of SOEs, and land system.

Keynote Speech & Moderator:

WU Jinglian, Senior Research Associate, Development Research Center of the State Council; Advisory Committee Member, Boyuan Foundation

Speakers:

CAI Fang, Director, Institute of Population and Labor Economics, Chinese Academy of Social Sciences

QIN Xiao, Chairman of the Board, Boyuan Foundation

XU Shanda, Member, Committee for Economic Affairs, the Chinese People’s Political Consultative Conference; Former Vice-Commissioner, the State Administration of Taxation, the People's Republic of China; President, Chinese Certified Tax Agent Association; Advisory Committee Member, Boyuan Foundation

MA Jun, Managing Director and Chief Economist for Greater China, Deutsche Bank; Academic Committee Member, Boyuan Foundation

11:15-11:45 Keynote Speech

Conference Hall, 1F

China World Hotel

11:45-13:15 Luncheon

Conference Hall, 1F

China World Hotel

13:15-14:45 Session II: From an Economy Governed by the Rule of Law to a Whole Society Governed by the Rule of Law

Conference Hall, 1F

China World Hotel The market economy, the society based on the rule of law and democratic politics are of great importance for the future of China. During the 30 years of sustained development and breakthroughs in reform, material progress brought by the market economy system has taken the lead, while the progress of China’s democracy and legal construction remains slow. A more comprehensive reform will likely meet resistance and take a longer way forward. In terms of social consciousness that has personal value and individual rights at the core, public power’s violation of private right remain a big problem nationwide. How could China strike a balance between economic development and democracy, and between public power and private right? How can the dual protection of property right and personal right be achieved? To develop an economy ruled by law, what key reforms need to see breakthroughs in China? To build a society ruled by law, what kind of judicial system, accountability system and political environment does China need?

Moderator:

YAO Yang, Deputy Dean, National School of Development, Peking University

Speakers:

JIANG Ping, Tenured Professor, China University of Political Science and Law

WU Xiaoling, Member of the Standing Committee and Vice Chairman of the Financial and Economic Committee, the National People's Congress, The People’s Republic of China; Board Member, Boyuan Foundation

HU Deping, Member of the Standing Committee and Deputy Director of the State Economic and Trade Commission, Chinese People's Political Consultative Conference

SUN Liping, Professor, Department of Sociology, Tsinghua University

TONG Zhiwei, Professor of Constitutional Law, East China University of Political Science and Law

14:45-16:15 Session III: Deepening Financial Reforms and Challenges Facing the Financial Sector

Conference Hall, 1F

China World Hotel Given the enhanced level of economic development and the new economic environment following the financial crisis, what’s the next key step for China's financial reforms? As reforms concerning interest rates and exchange rates gradually deepen, which major challenges does China still face in straightening out the price of capital and improving capital efficiency? In the face of a new capital and operating environment, coupled with a gradual disappearance of operating advantages enabled by earlier protective policies, how should banks and other financial institutions adjust their businesses, strengthen corporate governance, prevent systemic risks to ensure the sustainability of their operations? In the face of deregulation and competition, how should they establish market-oriented exit mechanisms?

Moderator:

Chris LU, Chief Executive Officer, Deloitte China

Speakers:

HU Xiaolian, Deputy Governor, The People's Bank of China

DONG Wenbiao, Chairman of the Board of Directors, China Minsheng Bank Corp., Ltd.

ZHU Xiaohuang, President, China CITIC Bank

XU Qin, Mayor of Shenzhen

Charles LI, Chief Executive, Hong Kong Exchanges and Clearing

16:15-17:45 Session IV: High-Tech and the Transformation of New Media

Conference Hall, 1F

China World Hotel In the broader TMT field, new technologies and applications have mushroomed, with products and services closer to the real needs of consumers and businesses. How will hardware, software and application innovations tied to the new-generation Internet represented by smart phones and cloud computing, especially mobile internet, profoundly change the industrial competition and social structures, thus creating a new interconnected society? In such times of dramatic technological changes, media content, formats, and business models have all been undergoing significant transformation. Will new media integration attempts such as “content is the king”, “technology-driven”, and “applications as the top priority” eventually all cater to the most basic and real personalized needs for effective information? In the uncertain process of transition towards new media, which historical challenges and opportunities are facing traditional media including newspapers, radio and television and the first-generation Internet platforms? And how will they create a shared future amid competition and cooperation?

Moderator:

Don DURFEE, General Manager, North Asia, Reuters News

Speakers:

WANG Xiaochu, Chairman, China Telecommunications Corporation

Andy SERWER, Managing Editor, Fortune

Edward TIAN, Chairman, China Broadband Capital Partners

17:45-18:25 Closing Speech

Conference Hall Tony BLAIR, Former Prime Minister, Great Britain and Northern Ireland

1F, China World Hotel

18:30-19:30 Cocktail Reception

Grand Ballroom Foyer

1F, China World Hotel

19:30-21:00 Nightcap

Panel 1: Landscape of the Real Estate Market in the Post-Tightening Era

Conference Room B, 1F

China World Hotel China's latest round of regulatory measures aimed at controlling the domestic real estate market has entered its third year. Meanwhile, the nationwide housing purchase limit has been in effect for more than two years. But the results of these moves still need to be consolidated, and regulation of the real estate market is an ongoing process. With deepening regulation, the purchase limit, which has been the instrument with the strongest administrative characteristic in the latest round of market regulation, is also facing withdrawal pressure, and the real estate market would ultimately enter the "post-purchase limit" era. What are the ways to prevent rebounding housing prices after the withdrawal of the purchase limit? What are the systematic alternatives that can be offered to ensure a smooth exit of the purchase limit? And what development trends can we expect in the real estate market after the exit of the purchase limit? These are all major issues that merit the attention of the real estate industry.

Moderator:

MA Ke, Deputy Managing Editor, CAIJING Magazine

Speakers:

REN Zhiqiang, Chairman, Hua Yuan Property Co., Ltd.

CHEN Huai, Former Director General, Policy Research Centre, Ministry of Housing and Urban-Rural Development, The People’s Republic of China

Henry CAI, Chairman of Corporate Finance, Asia; Member of Asia Pacific Executive Committee, Deutsche Bank

ZHONG Bin, Secretary General, China Real Estate Chamber of Commerce

MAO Daqing, Executive Vice President, Vanke Group; General Manager, Beijing Vanke Company

Vincent CHAN, Head of China Research, Credit Suisse

Panel 2: The Pension System Predicament and Reform Direction

Grand Ballroom D, 1F

China World Hotel China established a basic pension insurance system for urban workers in 1990s and it has been running for nearly 20 years. Nonetheless, quite a number of supporting systems haven’t been sorted out. Against the backdrop of rapid population aging, the financial sustainability of the pension system is threatened and thus in urgent need of a comprehensive reform. Over recent years, the coverage of the basic pension insurance system has expanded and new rural pension insurance and new urban pension system have also been established and expanded nationwide. While such efforts have produced fairly impressive results, there isn’t any clear timetable on the introduction of an investment operation system for pension funds albeit the issue was initially put on the agenda. Following a round of heated debates on parametric reforms covering a delay of retirement age, authorities have also clarified that such measures would not be implemented in the near future. As the pension issue is a concern for hundreds of millions of Chinese households, a small change could produce massive ripple effects. Currently, what are the major dilemmas facing the Chinese pension system? And what should be the next step for the pension reform? The solution will require not only policymakers’ top-level designs but also path-finding based on full discussions, brainstorming of ideas, and identification of facts and issues.

Moderator:

JIN Liping, Managing Editor, CAIJING Magazine

Speakers:

HE Ping, Director, Research Institute of Social Security, Ministry of Human Resources and Social Security, The People’s Republic of China

ZHENG Bingwen, Director, Institute of Latin America and World Social Security Research Center, Chinese Academy of Social Sciences

YANG Yansui, Professor, School of Public Policy and Management, Tsinghua University

XIONG Jun, Deputy Director General, Asset Allocation & Research Department, National Council For Social Security Fund, The People’s Republic of China

Panel 3: Lawyers’ Role in the Process towards the Full Implementation of the Rule of Law

Conference Room C, 1F

China World Hotel In China, practicing lawyers still have to struggle against a sense of powerlessness, high risk, as well as failed protection of many legal rights. What should Chinese lawyers do going forward? How should lawyers well position themselves and prevent occupational risks? What kind of role will lawyers play in China's reform process?

Moderator:

LUO Changping, Deputy Managing Editor, CAIJING Magazine

Speakers:

ZHANG Sizhi, Lawyer, Wu Luan Zhao Yan Law Firm; Advisor to Constitution and Human Rights Committee, All China Lawyers Association

ZHANG Qingsong, Deputy Secretary-General, Criminal Committee of the National Bar Association

PU Zhiqiang, Partner, Beijing Huayi Law Firm

XU Xin, Professor, School of Law, Beijing Institute of Technology

CHEN Youxi, Chairman, Capital Equity Legal Group; Vice Director, Constitute & Human Rights Committee of China Bar Association

SI Weijiang, Partner, Shanghai Debund Law Office

Panel 4: The Opening Up of Private Finance in China

Grand Ballroom C, 1F

China World Hotel Finding a way for capital to flow into China's private sector such that Chinese farmers are driven to participate in the active market economy is an issue that the financial sector in China is commonly facing right now. Private finance in the country is gradually opening up now that big banks no longer command a monopoly. However, the results are not significant as yet and capital from multiple parties for the building of a multi-level financial system is needed. The financial reform in Wenzhou has shed hope on private capital but there is a lack of detailed rules and specific actions that can be implemented. The extent of opening up the private financial sector remains the crux of addressing the issue.

Moderator:

QIAO Xiaohui, Associate Managing Editor, CAIJING Magazine

Speakers:

TANG Min, Counselor, the State Council; Executive Vice-Chairperson, China Social Entrepreneur Foundation

ZHANG Huaqiao, Founding Partner and Chairman, China Mezzanine Capital

ZHU Ning, Deputy Director and Professor, Shanghai Advanced Institute of Finance, Shanghai Jiaotong University

TANG Ning, Founder and CEO, CreditEase

LIU Ligang, Head of Research, ANZ Greater China

ZHU Haibin, Chief Economist for China, J.P. Morgan

Panel 5: Strategies of Luxury Industry in China

Grand Ballroom B, 1F

China World Hotel China has become the world's second-largest luxury goods market by sales. The capacity of global luxury goods market is expected to grow by 180 billion euros over the next three years, including nearly 20 billion euros in China. The competition will become increasingly fierce. Meanwhile, given increasingly mature consumer behavior in China, combined with consumers’ better understanding of luxury products, the luxury market may be in for a reshuffle. How could established leading luxury brands maintain their edge? And how could luxury brands that lag behind for now or late-movers come from behind? Will excellent Chinese brands also have the opportunity to jump on the bandwagon?

Moderator:

CHENG Mingxia, Associate Editor, Chinese Edition, Harvard Business Review

Speakers:

Jean-Claude BIVER, Chairman of the Board, Hublot

LI Jiaqi, Executive Director, Mission Hills Group

ZHOU Ting, Director, Fortune Character Institute

Panel 6: Road of Development for the Clean Energy Industry

Grand Ballroom A, 1F

China World Hotel The global energy landscape is making the transition from one that mainly based on fossil energy to one that is developing towards green energy. Seeking a new model of renewable development amid concerns of resource depletion is the right thing to do and a key responsibility in the development of the clean energy industry. However, development of the clean energy industry in China is similarly beset with challenges, such as global trade disputes, global overcapacity and difficulties in the internationalization of capital. There are signs that investment in clean energy is beginning to cool off substantially in China as gross profits from clean energy dip gradually. Seeking a way to realize low-carbon economic development in China has become a realistic issue that the country needs to address its development of the domestic clean energy industry.

Moderator:

SU Qi, Deputy Managing Editor, CAIJING Magazine

Speakers:

WANG Yong, President, Hanergy Holding Group, Ltd.

CHEN Jianhua, Mayor of Guangzhou

ZHOU Changyi, Director General, Energy Saving and Comprehensive Use Department, Ministry of Industry and Information Technology, the People’s Republic of China

ZHANG Xiangmu, Director General, Equipment Industry Department, Ministry of Industry and Information Technology, the People’s Republic of China

WANG Jun, Director General, Department of Renewable and New Energy, National Energy Administration

LI Junfeng, Director General, National Climate Change Strategy Research and International Cooperation Center

YU Pingrong, Research Professor, Department of Energy and Resources, Collage of Engineering, Peking University

WANG Wenjing, Professor and Leader of Solar Cell Technology Group, Institute of Electrical Engineering, Chinese Academy of Sciences

SHEN Zhongmin, Partner and Executive Chairman-China, Hudson Clean Energy Partners

Lars STOLT, CTO and Managing Director, Solibro GmbH

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