The Future of Banking and Finance in China - Prospects and Challenges

The economic centre of the world is shifting from West to East since China started its reform and opening-up policies in the late 1970s. The recent financial and economic crisis has accelerated the momentum of this process.

In accordance with this development of historical dimension, China has decided to develop Shanghai into an international financial centre by 2020. This decision has to be considered as a blueprint for the further transformation of China’s financial industry towards a market system. It includes the internationalization of the Chinese currency, the continuing reform and opening-up of China’s banking sector, and last but not least the upgrading of China’s money and capital markets.




The conference aims to intensify knowledge exchange and collaboration between the Chinese and the European banking and finance communities about the ongoing changes of China’s financial system. It will bring together leading academics and decision-makers from the industry, as well as regulators from China and Europe, who will discuss the evolution and future of China’s banking and finance sector and its integration in the global financial markets against the background of the European ex-
perience. Thus, it will provide a discussion platform for researchers, banking execu-
tives, media representatives and the interested public to exchange views on the issue.

The leading questions of the conference are:

- What is the future of China’s banking industry?
- What lessons can be learned from the financial crisis by Chinese and European
  regulatory authorities?
- Which steps have to be undertaken to establish Shanghai as an international  financial centre?

The conference is co-hosted by FrankfurtRhineMain GmbH International Marketing of the Region and supported by The Centre for International Migration and Development (CIM), Deutsche Börse Group, Frankfurt Main Finance e. V., Roland Berger Strategy Consultants and the EU-China Business Management Training Project (BMT).

Preliminary Agenda:

The Future of Banking and Finance in China - Prospects and Challenges
Conference at Frankfurt School, Tuesday, September 28, 2010

8:30 Registration, Welcome Coffee

9:00 Opening remarks

• Lord Mayor Dr. h. c. Petra Roth, Frankfurt am Main City Council
• Consul General Zhenshun Wen, Consulate General of the People's Republic of China in Frankfurt
• Prof. Dr. Udo Steffens, President, Frankfurt School of Finance & Management
• Prof. Dr. Dr. h.c. Rolf D. Cremer, Dean  and Vice President, CEIBS
  
  Introduction to the program
• Prof. Dr. Horst Löchel, Director, German Centre of Banking and Finance at CEIBS, Professor of Economics at Frankfurt School and CEIBS

9:30 Session I The Transformation of China’s Finance Industry – Which Direction?

• Chair:
  
  • Prof. Chun Chang, Ph.D., Professor of Finance, CEIBS, ABN AMRO Chair Professor of Risk Management, Deputy Director of Lujiazui CEIBS International Finance Research Centre
• Panelists:
  
  • Dr. Jianfeng Yin, Executive Deputy Director, CEIBS Lujiazui International Finance Research Centre
  • Dr. Guangping Zhang, Deputy Director-General, China Banking Regulatory Commission (CBRC)
  • Marcus Wassmuth, Country Head China and Chief Representative Shanghai of Landesbank Baden-Württemberg, Member, Shanghai Board, European Union Chamber of Commerce in China

11:00 Coffee Break 

11:15 Key Note Speech

• Dr. Yang Li, Vice-President, Chinese Academy of Social Sciences (CASS)

12:15 Lunch

13:30 Session II: Regulation and Supervision after the Crisis – China and Europe in Comparison

• Chair:
  • Prof. Dr. Herrmann A. Wagner, Professor of Financial Management, Frankfurt School of Finance & Management, Senior Advisor Financial Services, Roland Berger Strategy Consultants
• Panelists:
  • Martin Merlin, DG Markt/G, Head of Financial Service Policy & Financial Markets, European Comission
  • Jürgen Dreymann, Director, International Policy Affairs, Federal Financial Supervisory Authority (BaFin)
  • Dr. Ming Huang, Division Director, Research and Strategy Centre, China Securities Regulatory Commission (CSRC)
  • Rainer Riess, Managing Director, Deutsche Börse AG

15:00 Coffee Break

15:15 Keynote Speech

• Dr. Thomas Mayer, Chief Economist, Deutsche Bank Group

16:00 Session III: Global Financial Centres of the Future – The Case of Shanghai

• Chair:
  • Prof. Dr. Horst Löchel, Director, German Centre of Banking and Finance at CEIBS, Professor of Economics, Frankfurt School of Finance & Management and CEIBS
• Panelists:
  • Prof. Dr. Mingqi Xu, Deputy Director, Institute for World Economy
  • Dr. Lutz R. Raettig, Spokesman of the Executive Committee of FrankfurtMainFinance
  • Dr. Hartmut Schwesinger, CEO & President, FrankfurtRhineMain GmbH International Marketing of the Region

17:30 Concluding Remarks

• Prof. Chun Chang, Ph.D., Professor of Finance, CEIBS, ABN AMRO Chair Professor of Risk Management, Deputy Director, CEIBS Lujiazui International Finance Research Centre

The event language is English. Attendance is free of charge. Please contact Angelika Werner to receive an official invitation.