Blog China Investment Conference – Session Highlights
The outlook and challenges for monetary policy under financial innovation and universal banking
Songcheng Sheng, Counselor, People’s Bank of China
In April 2011, the People's Bank of China officially launched an indicator of China’s social financing scale to reflect the relationship between finance and the real economy. The brainchild of Songcheng Sheng, then the bank’s Director of Research and Statistics, this innovative measure has become one of the most important indicators of China's financial and economic operations.
The financial system witnessed drastic, complex and profound changes around the time of the global financial crisis, presenting grave challenges to the regulators. Staying close to the frontline and capturing the changes statistically is key to understanding, analyzing and responding to the financial situation. At the conference, Mr. Sheng will deliver a speech on how the financial statistics system can adapt to financial system reforms. He will share his insights into the launch of China’s social financing scale, analyze the latest trends in the financial industry, and discuss the continued improvements in the financial statistics system and the evolution of regulatory concepts. He will also look at possible changes on the horizon in order to identify potential risks and achieve the goal of effective regulation.
Outlook for China’s macro economy
Baoliang Zhu, Chief Economist, Director of Economic Forecasting, State Information Center
A new platform or a new cycle? Recently, whether the Chinese economy is bottoming out has become a focus of controversy in economics and academic circles. A host of issues, ranging from the kinetics of the new economy and the direction of the real estate market to the next target of the country’s supply side reform and the reform momentum of state-owned enterprises, are touching the pulse of China's macroeconomics and preoccupying investors.
More importantly, a major policy vacuum may arise during the period between the emergence of a new generation of leaders from the Chinese Communist Party’s 19th National Congress and the formation of China’s next administration. At the conference, Baoliang Zhu will examine China's macro-economic prospects and explore the nation’s possible economic policy for the future.
Belt & Road Initiative and green finance
Jun Ma, Director of Centre for Finance and Development, Tsinghua University
Amid increasing awareness of environmental issues around the world, including in China, the concept of "green finance" is gaining growing popularity in the country. As one of the strong advocates of green finance, Jun Ma will present an in-depth introduction to this concept, and will share his perspectives on the mechanism for realizing green finance, space for growth and key areas of development.
Since the launch of China’s "Belt and Road Initiative" (BRI), it has rapidly become a new concept attracting widespread global attention. Many countries along the BRI route are less sophisticated in terms of economic development with a relatively fragile environmental ecosystem. At the forum, Mr. Ma will show how a combination of economic and social benefits can best be achieved as we seek to integrate the green finance concept into the BRI initiative with responsible and eco-friendly investments.
Using AI to support the digital transformation of industries
Eric Chang, Deputy Managing Director, Microsoft Research Asia
Microsoft Research Asia is regarded as the training ground for China's artificial intelligence (AI) sector. Eric Zhang joined Microsoft Research Asia in July 1999 and became a co-founder of Microsoft Advanced Technology Centre in 2003. Well versed in speech technology and machine learning, he led a team that successfully integrated the Putonghua speech recognition engine into the Chinese versions of Office and Windows, with a number of patents under his belt. At the forum, Dr. Zhang will present his unique insights into the field of AI and share the results of Microsoft’s latest scientific research.
The landing of AI in China and globally
Li Xu, CEO, Sensetime
Founded in 2014, SenseTime has quickly established itself as China's leading artificial intelligence (AI) company. Committed to developing original technology for computer vision and deep learning, it seeks to empower all industries with AI capability through active research efforts in AI algorithm, covering face and image recognition, video analysis, unmanned driving, and medical image recognition.
In 2015, the company beat Google in the "ImageNet Contest", the Olympics of computer vision, as the first Chinese company to win this competition. In 2016, it continued its strong performance, winning three first prizes for object detection, video object detection and scene analysis. SenseTime is currently the largest unicorn player in the domestic AI industry. Li Xu will speak about the latest progress that has been made in the field of computer vision and deep learning, and how SenseTime will gradually achieve its strategy of putting AI firmly on the map of China.
Ivy League incubator – how to get into the most competitive schools
Brian Ong, Founder, Bon Day Education
Fueled by ever-rising national income and changing ideas of education in recent years, more and more Chinese families are sending their children to study abroad at increasingly lower ages. In the process of planning for their children’s overseas education, parents may encounter a multitude of problems such as how to choose a school and make an application. This situation has provided great opportunity for overseas study service agencies.
Brian Ong, the founder of Bonday, graduated from Stanford and Yale. Over the past decade, he has helped many Chinese high school students enter top universities in the US, such as Harvard, Yale, Princeton, Stanford and MIT. He was featured on the cover of the September 2017 edition of Forbes Asia.
Tai chi culture in the internet age
Yongxiang Ye, Tai Chi Master
From Michelangelo Antonioni’s China in 1972 to Kung Fu Panda in 2016, Tai Chi has been regarded as a classic symbol of Chinese culture. In the first half of 2017, the video of a fanatic MMA fighter beating a Tai Chi master hands down created an instant sensation through the cyberworld. It put Chinese martial arts in a precarious position, raising the question of whether traditional martial arts can hold its ground catch up with the times.
In the eyes of Yongxiang Ye, a Yang-style Tai Chi master, all the noise surrounding the incident is nothing but a farce. Learning martial arts since her childhood, Master Ye, also a much-loved online celebrity, personifies the perfect marriage between a new cyber concept and a centuries-old form of martial arts. Over the years, this “most beautiful Tai Chi master” has been hugely successful with her determined efforts to redefine Tai Chi in the chicest way by integrating the spirit of Tai Chi into modern life. At the conference, we will follow Master Ye into the quaint, ethereal world of martial arts to explore the secrets of wellness and regain our inner peace from the hustle and bustle of daily life.
The rise of smart manufacturing in China
Yunfeng Li, Director of Development & Planning, Information Technology Department, COMAC
Yunfeng Li focuses on digital revolutions in complex equipment manufacturing and has over 17 years of extensive experience in manufacturing IT management. He is actively involved in research and smart manufacturing practices in the aircraft manufacturing industry.
Mr. Li is currently Director of the Information Technology and Management Innovation Department of the Commercial Aircraft Corporation of China (COMAC). He is in charge of the company’s IT planning, key projects and industrial Internet, cloud technology, AI and advanced manufacturing and other new-gen IT research and promotion.
Baidu’s exploration in intelligent finance
Jason Wang, Head of Strategy, Baidu Financial Services Group
As the company that invests most heavily in AI among China’s three internet giants (Baidu, Alibaba and Tencent), Baidu strongly believes in the prospects of AI commercialization. In July, Baidu announced its plan of running Baidu Financial Services Group (FSG) independently to achieve growth in a longer term.
In recent years, using big data and AI as the basis, combining with developing technologies like cloud computing and block chain, Baidu FSG has achieved major breakthroughs in fields such as image/face recognition, ID mapping, machine learning, risk warning and anti-fraud.
Jason Wang, Head of Strategy of Baidu FSG, is responsible for leading the company’s strategy planning, strategic financing and cooperation with investors. He will speak about the roadmap of Baidu FSG’s future development on this panel.
Technological innovation redefines mobility
Daniel Kirchert, President & Co-founder, Byton
We are witnessing a revolution. Electric vehicles are no longer an environmental product for energy conservation and carbon reduction. They are gradually replacing internal combustible engines that have been around for over 150 years. With the introduction of smart connectivity, mobility has been redefined, giving the driver and passengers a smart interaction experience that surpasses the driving experience of a traditional vehicle.
Dr. Daniel Kirchert, former managing director of Infiniti China and senior vice president of sales and marketing at BMW Brilliance Automotive, and the current president and co-founder of BYTON, will share his insights into the future of smart connectivity and electric vehicles. Dr. Kirchert is convinced that future mobility is not just about improving driving performance. Cylinders and horsepower will soon be replaced by connectivity and technology. To stay ahead of the curve, Dr. Kirchert and his team are creating the next-generation smart vehicle that will revolutionize our driving experience.