The European Union Chamber of Commerce in China is pleased to invite you to a unique Breakfast seminar with the author of Red Capitalism, Carl E Walter on the 23rd February 2011 at the Westin Chaoyang Hotel.
For many years now China's economy has seemed unstoppable. A slow appreciation of the renminbi in 2007 brought wave upon wave of liquidity into China and allowed its companies and banks to raise hundreds of billions in dollars via stock market listings. State banks that had started the new century as bankrupt relics of a communist past became the darlings of international investors.
China's banks appear to be among the largest and strongest in the world; the government's decade-long restructuring and recapitalization effort has achieved great success. Carl E Walter will share with us his insight on:
1. What prompted banking reform and what were its objectives?
2. What happened to all the problem loans?
3. Why do China's banks incessantly need huge chunks of new capital?
4. What does the torrent of lending in 2009 and 2010 say about banking reforms?
About the Speaker:
Carl E Walter has worked in China's financial sector for the past 20 years and has actively participated in many of its financial reforms. He played a major role in the country's groundbreaking first overseas IPO in 1992 as well as the first listing of a state-owned enterprise on the New York Stock Exchange. He held a senior position in China's first and most successful joint venture investment bank where he supported a number of significant domestic stock and debt transactions for major Chinese corporations and financial institutions. Carl is a long time resident of Beijing.
Agenda:
08:00-08:40 Registration and Breakfast
08:40-09:30 Presentation and Q&A
Event Terms & Conditions
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