The Chinese Finance Association

The 13th TCFA Annual Conference

China and Global Financial Markets: Challenges and Opportunities

October 27, 2007

Columbia University, New York City, New York

(Sponsors)

Keynote Speech:

Jeffery Shafer, Vice Chairman of Citigroup Global Banking and Head of Economic and Political Strategies, former Under Secretary of US Treasury (1993-1997), "Developing China's Financial Markets: Lessons from the successes and failures of others"

Speech:

Paul Bennett, Chief Economist, New York Stock Exchange, "World Economic Landscape and Tomorrow's Stock Exchange"

Panel Discussion: Asset Management: Business and Investment Outlook
A panel of seasoned traders and portfolio managers will discuss the liquidity crunch in the credit market and the contagion effect during the past summer. They will also share their insights on the implication of the debacle and more importantly their investment outlook, specifically the major trends in the commodity market, the direction of the Chinese stock market and the new landscape of the quantitative strategies.
Ping Jiang, Managing Director, SAC

George Pan, Managing Director, Saba Principal Strategies, Deutsche Bank
Shanquan Li, Portfolio Manager, Oppenheimer Gold & Special Minerals Fund
Charles Wang, Director of Research, Acadian Asset Management

Panel Discussion Subprime: What happened? What went wrong? What's going to happen?

Ratul Roy, Director, Director of CDO Strategy, Citigroup
Jian Hu, Senior Vice President, CDOs/Derivatives, Moody's
Eugene Xu, Director, Deutsche Bank
David Yan, Director and Head of CDO Research, Credit Suisse

Panel Discussion: Private Equity and Venture Capital Investing
As much as PE and VC represent opportunities, they present questions that need to be answered. How serious a setback for PE is the turmoil in the debt markets? Are there other sources of capital to tap? Is Blackstone Group's going public a mistake? What's the prognosis on the Grassley-Baucus bid to raise taxes on PE firms? How will PE evolve in coming years, especially in China? Through the panelists' experiences, you can also see unique personal attributes that distinguish them from investors in public equity.

Mason Zhou, Director, Principia
Harvey Bines, Partner, Worcest and Sullivan
David Hale, Chairman, Hale Advisors
Jiong Ma, Kauffman Fellow, 3i
Hao Wu, Partner, Pinetree Capital

Development in Asset Management and Security Industry in China
CEOs, leaders and senior managers share their views on China's security markets, asset management business and financial system. What's the trend? What's in demand? Is Chinese stock market overvalued? What are the challenges and opportunities? Some panelists will share their experiences of establishing careers in China after studying and working in US.

Sun Jie, Director of Department of Investment Funds Supervision, Chinese Security Regulatory Commission
Deng Xiaoli, Executive Vice President, China Merchants Securities, "Current Status and Prospect of China's Securities Markets"
Wang Hao, Managing Director, CICC Hong Kong Securities Limited
Yang Rui, Chief Strategist, Bosera Asset Management
Cheng Haiyong, Chief Strategist, China Asset Management
Ye Junying, CEO, E Fund Management
Lin Chuanhui, CEO, G.F. Fund Management
Gao Liangyu, CEO, Southern Fund
Yifeng Yang, CEO of Lord Abbett China

Panel Discussion: US 2008 Wall Street Job Market Outlook
Several representatives will share their views for 2008 job market and offer tips for job search.

TCFA Best Paper Award and Research Summary

The 2007 TCFA China Capital Market Best Paper Award competition invites high-quality research in all fields of finance that addresses or offers important implications for key issues in the development of China capital market. In the second year of this event, we continue to see strong participation from U.S., P. R. China and other regions of the world. Topics covered by more than 70 submitted papers include asset pricing, corporate finance and corporate governance, the legal or accounting aspects of the capital markets, macroeconomic policies, market microstructure, risk management, and asset management.

2007 Best Paper Award Winners

TCFA Election

Lunch, Columbia University
Reception, Tavern on the Green (http://www.tavernonthegreen.com/)


Current expected timing of the conference:

Start of the conference: 8:30am
Conclusion of the conference: 5:30pm
Evening Reception: 6-9pm
Details will be posted shortly

Lead Organizer: The Chinese Finance Association
Co-organizer: Columbia University Chinese Student & Scholar Association