# Lujiazui Forum Annual Meeting 2010

# Structural Adjustment and Financial Reform in the Post-Crisis Era

June 25 - 26, 2010 Shanghai

Forum Co-Hosts:
Shanghai Municipal People's Government
People's Bank of China
China Banking Regulatory Commission
China Securities Regulatory Commission
China Insurance Regulatory Commission

# Structural Adjustment and Financial Reform in the Post-Crisis Era (cont.)

## Forum Co-Chairmen:

SHANG Fulin, Chairman, China Securities Regulatory Commission

HAN Zheng, Mayor of Shanghai

Updated on May 25, 2010

<table><tr><th colspan="3">Friday, June 25</th></tr><tr><td>9:00-22:00</td><td colspan="2">Registration
Pudong Shangri-La Hotel, Shanghai</td></tr><tr><td colspan="3">Night Chat By the Huangpu (Grand Hyatt Shanghai)</td></tr><tr><td rowspan="11">19:30-21:00</td><td colspan="2">Night Chat by the Huangpu I: Cooperation Among the Financial Sectors of
Hong Kong, Taiwan and Mainland China</td></tr><tr><td>Chair:</td><td></td></tr><tr><td>GAO Guofu</td><td>Chairman, China Pacific Insurance (Group) Company</td></tr><tr><td>Panelists:</td><td></td></tr><tr><td>Charles LI</td><td>Chief Executive, Hong Kong Exchanges and Clearing
Ltd⭑</td></tr><tr><td>RONG Jianxin</td><td>Director &amp; EVP, The Shanghai Commercial &amp; Saving
Bank, LTD*</td></tr><tr><td>Schive CHI</td><td>Chairman, Taiwan Stock Exchange Corporation</td></tr><tr><td>James LIU</td><td>Executive Vice President, Shanghai Stock Exchange</td></tr><tr><td>YANG Liping</td><td>Director, Banking Supervision Department III, China
Banking Regulatory Commission</td></tr><tr><td>JIANG BO</td><td>Director, International Department, China Insurance
Regulatory Commission</td></tr><tr><td>XU Xiaonian</td><td>Professor of Economics and Finance, China Europe
International Business School</td></tr></table>

# Structural Adjustment and Financial Reform in the Post-Crisis Era (cont.)

## Forum Co-Chairmen: (cont.)

<table><tr><th rowspan="9">19:30-21:00</th><th colspan="2">Night Chat by the Huangpu II: Environment for the Growth of PE and VC</th></tr><tr><td>Chair:</td><td></td></tr><tr><td>QI Bin</td><td>Director, Research Center, China Securities Regulatory
Commission</td></tr><tr><td>Panelists:</td><td></td></tr><tr><td>XU Lin</td><td>Director, Department of Fiscal and Financial Affairs,
National Development and Reform Commission</td></tr><tr><td>WU Shangzhi</td><td>Chairman, CDH Investments</td></tr><tr><td>LI Shan
Antony LEUNG
GUO Guangchang</td><td>Founder, San Shan Capital Partners
Chairman, Greater China, Blackstone Group*
Chairman, Shanghai Fosun High Technology (Group)
Co., Ltd.</td></tr><tr><td>FANG Fenglei</td><td>Chairman, HOPU Investments Management</td></tr><tr><td>SHI Zhengfu</td><td><u>President, PE Association of Shanghai</u></td></tr><tr><td rowspan="10">19:30-21:00</td><td colspan="2">Night Chat by the Huangpu III: Role of Local Government in the Development of
China's Financial Industry</td></tr><tr><td>Chair:
WU Xiaoling</td><td>Member, The Standing Committee, The National
People's Congress, People's Republic of China; Vice
Chairman, The Financial and Economic Committee, The
National People's Congress, People's Republic of
China; Director, CEIBS Lujiazui International Finance
Research Center</td></tr><tr><td>Panelists:</td><td></td></tr><tr><td>LI Hong</td><td>Director-General, Beijing Municipal Finance Bureau*</td></tr><tr><td>DU Qiang</td><td>Director-General, Financial Services Office, Tianjin
Municipal Government</td></tr><tr><td>LUO Guang</td><td>Director-General, Financial Services Office, Chongqing
Municipal Government</td></tr><tr><td>FANG Xinghai</td><td>Director-General, Financial Services Office, Shanghai
Municipal Government</td></tr><tr><td>DING Minzhe</td><td>Director-General, Financial Services Office, Zhejiang
Provincial Government</td></tr><tr><td>YAN Qingmin</td><td>Director-General, Shanghai Bureau of China Banking
Regulatory Commission</td></tr><tr><td>LI Lin</td><td>Director-General, Financial Services Office, Shenzhen
Government*</td></tr><tr><td rowspan="4">19:30-21:00</td><td colspan="2">Municipal
Night Chat by the Huangpu IV: Low-Carbon Economy and the Future of Green
Finance</td></tr><tr><td>Chair:
Hugo SHONG</td><td>President and CEO, International Data Group</td></tr><tr><td>Panelists:
ZHANG Jianhua
WANG Chuanfu
MIAO Liansheng
WU Gang</td><td>Director, Research Bureau, People's Bank of China
Chairman and President, BYD Company Limited
Chairman, Yingli Group
Chairman and CEO, Goldwind Science &amp; Technology
Co., Ltd.</td></tr><tr><td>JI Xiaohui
MA Weihua</td><td>Chairman, Shanghai Pudong Development Bank
President and CEO, China Merchants Bank</td></tr></table>

# Structural Adjustment and Financial Reform in the Post-Crisis Era (cont.)

## Forum Co-Chairmen: (cont.)

<table><tr><th rowspan="8">19:30 - 21:00</th><th colspan="2">Night Chat by the Huangpu V: Evolution of the International Monetary System:
USD, Euro and RMB</th></tr><tr><td>Chair: </td><td></td></tr><tr><td>Geoff DYER</td><td>China Bureau Chief, Financial Times*</td></tr><tr><td>Panelists: </td><td></td></tr><tr><td>John L. THORNTON</td><td>Chairman, Brookings Institution and Chairman; HSBC
North America*</td></tr><tr><td>Richard PORTES
XIE Duo</td><td>Professor of Economics, London Business School*
Director, Financial Market Department, People's Bank
of China</td></tr><tr><td>YU Yongding</td><td>Academy Member, Chinese Academy of Social
Sciences </td></tr><tr><td></td><td></td></tr><tr><td rowspan="7">19:30 - 21:00</td><td colspan="2">Andy XIE Director, Rosetta Stone Capital Limited*
Night Chat by the Huangpu VI: Development of Futures and Derivatives
Markets 
Supported by China Financial Futures Exchange
Chair: 
China Financial Futures Exchange</td></tr><tr><td>Panelists: 
Carl HUTTENLOCHER
William BRODSKY</td><td>Managing Director, Highbridge Capital Management*
Chairman &amp; CEO, Chicago Board Options Exchange;
Chairman, World Federation of Exchanges*</td></tr><tr><td>SONG Anping</td><td>Deputy Director in-charge, Futures Department, China
Securities Regulatory Commission</td></tr><tr><td>YANG Maijun</td><td>General Manager, Shanghai Futures Exchange</td></tr><tr><td>SHEN Xiangrong</td><td>Chairman, Shanghai Gold Exchange</td></tr><tr><td>ZHU Yuchen</td><td>General Manager, China Financial Futures Exchange</td></tr><tr><td>DANG Jian</td><td>President. Shanghai Orient Securities Futures Co.,
Ltd.'d </td></tr></table>

# Structural Adjustment and Financial Reform in the Post-Crisis Era (cont.)

## Saturday, June 26

<table><tr><th>07:30 - 08:30</th><th>Registration
Pudong Shangri-La Hotel, Shanghai</th></tr><tr><td>08:30 - 08:40</td><td>Opening

Chair and Welcome Speech:
SHANG Fulin Chairman, China Securities Regulatory Commission;
Co-Chairman of Lujiazui Forum 2010</td></tr><tr><td>08:40 09:00</td><td>Opening Keynote Speech
A Chinese National Leader (to be announced)</td></tr><tr><td rowspan="5">09:00 10:40</td><td>Plenary Session I: Financial Development and Regulation in the face of
Changing Economic Growth Pattern</td></tr><tr><td>Chair:
WU Dingfu Chairman, China Insurance Regulatory Commission *</td></tr><tr><td>Keynote Speeches:
ZHOU Xiaochuan Governor, People's Bank of China *
LIU Mingkang Chairman, China Banking Regulatory Commission *</td></tr><tr><td>Chair:
LIU Mingkang Chairman, China Banking Regulatory Commission *</td></tr><tr><td>Keynote Speeches:
SHANG Fulin, Chairman, China Securities Regulatory Commission *
WU Dingfu Chairman, China Insurance Regulatory Commission *</td></tr></table>

# Structural Adjustment and Financial Reform in the Post-Crisis Era (cont.)

## Saturday, June 26 (cont.)

<table><tr><th>10:40 —11:00</th><th>Coffee Break</th><th></th></tr><tr><td rowspan="3">11:00 - 12:30</td><td colspan="2">Plenary Session II: Global Financial Cooperation and Regulatory Reform</td></tr><tr><td>Chair: 
Andrew SHENG

Panelists: 
James H. QUIGLEY
Nout WELLINK

Shumeet BANERJI
Atsushi SAITO
Peter SANDS
John LAKER
LIU He</td><td>Chief Advisor, China Banking Regulatory Commission•

Global CEO, Deloitte Touche Tohmatsu•
President, De Nedertandsche Bank; Chairman, Basel
Committee for Banking Supervision
CEO, Booz &amp; Company'
President &amp; CEO, Tokyo Stock Exchange, Inc.*
Group Chief Executive, Standard Chartered PLC
Chairman, Australian Prudential Regulation Authority*
Vice Minister, Office of the Central Leading Group on
Financial and Economic Affairs. PRC</td></tr><tr><td>VI Gang</td><td>Deputy Governor, People's Bank of China; Administrator</td></tr><tr><td></td><td colspan="2"><u>the State Administration of Foreign Exchange</u>
Welcome Luncheon by Forum Co-Chairmen</td></tr><tr><td>12:40 — 13:45</td><td>Welcome Remarks:
HAN <u>Zheng</u></td><td><u>Mayor of Shanghai</u> *</td></tr><tr><td>13:45 - 14:15</td><td>Keynote Speech:
Lord MANDELSON</td><td>Former First Secretary of State and Secretary of State
for Business, Innovation &amp; Skills, United Kingdom*</td></tr><tr><td rowspan="8">14:30 - 16:10</td><td colspan="2">Plenary Session III: Shanghai in 2020 and the Evolving Landscape of Global
Financial Centers in the Post-Crisis Era</td></tr><tr><td>Chair: 
Stuart FRASER</td><td>Policy Chairman, City of London •</td></tr><tr><td>Panelists: 
Mathis CABIALLAVETTA
Lawrence LEIBOWITZ
Michael SMITH

K.C. CHAN</td><td>Vice Chairman, SwissRe Group*
Chief Operating Officer, NYSE Euronext *
Chief Executive Officer, Australia and New Zealand
Banking Group Limited
Secretary for Financial Services and the Treasury, The
Government of Hong Kong SAR, PRC*</td></tr><tr><td>ONG Chong Tee</td><td>Deputy Managing Director, Monetary Authority of
Singapore* </td></tr><tr><td>DAI Xianglong</td><td>Chairman, National Council for the Social Security
Fund, PRC</td></tr><tr><td>LIU Tienan</td><td>Vice Chairman, National Development and Reform
Commission, PRC</td></tr><tr><td>SU Ning</td><td>Deputy Governor, People's Bank of China</td></tr><tr><td>TU Guangshao</td><td>Member, CPC Shanghai Standing Committee; Vice
Shanghai</td></tr><tr><td colspan="3">Mayor of
Panel Discussions (Pudong Shangri-La Hotel)</td></tr></table>

# Structural Adjustment and Financial Reform in the Post-Crisis Era (cont.)

## Saturday, June 26 (cont.)

<table><tr><th rowspan="9">16:30-18:00</th><th colspan="3">Panel I: Chinese Financial Institutions Going Global</th></tr><tr><td>Chair:
HA Jiming</td><td></td><td>Chief Economist, China International Capital Corporation</td></tr><tr><td>Panelists:</td><td></td><td></td></tr><tr><td>ZHUANG Xinyi
CHEN Yuan</td><td></td><td>Vice Chairman, China Securities Regulatory Commission
Chairman of Board of Directors, the China Development
Bank Corporation</td></tr><tr><td>LI Ruogu
WU Jinglian</td><td></td><td>Chairman &amp; President, The Export-Import Bank of China
Senior Research Fellow, Development Research
Centre of the State Council; Professor of Economics,
China Europe International Business School</td></tr><tr><td>WANG Jiang</td><td></td><td>Dean, Shanghai Advanced Institute of Finance;
Professor, MIT Sloan School of Management</td></tr><tr><td>GUO Shuqing</td><td></td><td>Chairman, China Construction Bank Co., Ltd.</td></tr><tr><td>YANG Chao</td><td></td><td>President, China Life Insurance(Group) Company</td></tr><tr><td><u>Stephen ROACH</u></td><td></td><td>Chairman, Morgan Stanley Asia*</td></tr><tr><td rowspan="9">16:30 18:00</td><td colspan="3">Panel II: Maritime Finance: Seeking Breakthrough via Innovation
Supported by Bank of Communications</td></tr><tr><td>Chair:
Vice President, Bank</td><td>of</td><td>Communications</td></tr><tr><td>Panelists:</td><td></td><td></td></tr><tr><td>QIAN Yongchang</td><td></td><td>Chairman, China Communications and Transportation
Association; Former Minister of Transport</td></tr><tr><td>HU Huaibang</td><td></td><td>Chairman and Executive Director, Bank of
Communications</td></tr><tr><td>ZHOU Yanli</td><td></td><td>Vice Chairman, China Insurance Regulatory
Commission</td></tr><tr><td>WEI Jiafu</td><td></td><td>Chairman, China Ocean Shipping (Group) Company</td></tr><tr><td>LI Shaode</td><td></td><td>President, Shanghai Ship-owners Association;
Chairman, China Shipping Container Lines</td></tr><tr><td>TAN <u>Zuojun</u></td><td></td><td>President, China State Shipbuilding <u>Corporation</u></td></tr><tr><td rowspan="4">16:30-18:00</td><td colspan="3">Panel III: Mixed Operation and Regulatory Coordination in the Financial
Industry</td></tr><tr><td>Chair:</td><td></td><td></td></tr><tr><td>XIA Bin</td><td></td><td>Director-General, Institute of Finance, Development
Research Center of the State Council</td></tr><tr><td>Panelists:
Kiyohiko Nishimura
WANG Huaqing

LI Yang
XIAO Gang
Charles DALLARA
WU Yan

KONG Dan
HE Dong</td><td></td><td>Deputy Governor, Bank of Japan*
Commissioner of Discipline Inspection, China Banking
Regulatory Commission
Vice President, Chinese Academy of Social Sciences
Chairman, Bank of China Limited
Director, Institute of International Finance*
Chairman, The People's Insurance Company (Group) of
China
Chairman, CITIC Group
Executive Director (Research), Hong Kong Monetary
Authority*</td></tr></table>

# Structural Adjustment and Financial Reform in the Post-Crisis Era (cont.)

## Saturday, June 26 (cont.)

<table><tr><th rowspan="5">16:30 - 18:00</th><th colspan="2">Panel IV: Growth of Small and Medium Enterprises and Financial Services</th></tr><tr><td>Chair: </td><td></td></tr><tr><td>WANG Jun</td><td>Senior Economist of World Bank*</td></tr><tr><td>Panelists: </td><td></td></tr><tr><td>XIANG Junbo
WANG Jun
KONG Fanxing
Roman SHAW
HU Pingxi
YANG Guoping</td><td>Chairman, Agricultural Bank of China
President. Shen Zhen Stock Exchange*
Chairman, Zhejiang Tailong Commercial Bank
CEO, International Far Eastern Leasing Co., Ltd.
Managing Partner, DT Capital Partners
Chairman, Shanghai Rural Commercial Bank Co.. Ltd.*
Chairman &amp; CEO, Dazhong Transportation (Group) Co.,</td></tr><tr><td>16:30 - 18:00</td><td>Chair: 
Laura CHA
Panelists: 
YAO Gang
ZHANG Yujun
Henry CAI
Xavier ROLET
Fred HU*
Ted TOKUCHI*</td><td>Deputy Chairman, The Hong Kong &amp; Shanghai Banking
Corporation Limited*

Vice Chairman, China Securities Regulatory
Commission 
President, Shanghai Stock Exchange
Chairman, UBS (Asia) Investment Bank*
CEO, London. Stock Exchange Group*
Former Chairman of Greater China, Goldman Sachs *
Managing Director and Head of Investment Banking
Committee, CITIC Securities Co., Ltd.; Chairman, CITIC
Securities International *</td></tr><tr><td rowspan="7">16:30 - 18:00</td><td>Panel VI: Development
Innovation </td><td>of Emerging Strategic Industries and Financial</td></tr><tr><td>Chair: </td><td></td></tr><tr><td>Chun CHANG</td><td>Associate Dean &amp; Professor of Finance, China
Europe International Business School*</td></tr><tr><td>Panelists: 
JIANG Jianqing</td><td>Chairman, Industrial and Commercial Bank of China
Limited </td></tr><tr><td>Ken WILCOX</td><td>CEO, Silicon Valley Bank*</td></tr><tr><td>Edward TIAN
NAN Cunhui
Pedro RODEIA
Neil SHEN
WANG Kaiguo</td><td>Chairman, China Broadband Capital Partners L.P.
Chairman, CHINT Solar (Zhejiang) Co., Ltd.
President, Financial Institutions Practice in Asia
McKinsey' 
Founding Managing Partner, Sequoia Capital China'
Chairman, Haitong Securities Co., Ltd.</td></tr><tr><td>ZHU Xiaoming</td><td>Executive President &amp; Professor of Management, China
Europe International Business School</td></tr></table>

# Structural Adjustment and Financial Reform in the Post-Crisis Era (cont.)

## Saturday, June 26 (cont.)

<table><tr><th rowspan="10">16:30 — 18:00</th><th colspan="2">Panel VII: Growth of Debt Market and Optimization of Financing Structure</th></tr><tr><td>Chair: </td><td></td></tr><tr><td>Panelists: </td><td></td></tr><tr><td>DOU Jianzhong</td><td>Vice President, China Foreign Exchange Trading
Center </td></tr><tr><td>ZHANG Hongli</td><td>Secretary General, National Debt Association of China</td></tr><tr><td>David LI</td><td>Director, Center for China in the World Economy,
Tsinghua University</td></tr><tr><td>YANG Aimin</td><td>General Manger, Financial Market Department, China
Construction Bank</td></tr><tr><td>Bill GROSS</td><td>Founder, Managing Director and CO-CIO, PIMCO</td></tr><tr><td>CHEN Geng</td><td>President &amp; Vice Chairman, Guotai Junan Securities
Co., Ltd.</td></tr><tr><td>ZHU Changhong</td><td>Chief Investment Officer, Reserves Management
Department, State Administration of Foreign Exchange</td></tr></table>

Speakers confirmed