【Live Streaming】2024 China and Global Economic Forum

ORGANIZERS：

Institute of China Economy(lCE), HKU Business School

China Macroeconomy Forum(CMF), Renmin University of China

CO-ORGANIZER：

Hong Kong Alumni Association of Renmin University of China

CHIEF MEDIA PARTNER:

STRATEGIC MEDIA PARTNER:

STRATEGIC COOPERATION LIVESTREAMING PLATFORM:

DEEP COOPERATION LIVESTREAMING MEDIA：

Date: July 20th, 2024 (Saturday) 09:00-17:30 

Venue: Rayson Huang Theatre, The University of Hong Kong

Agenda

09:00-09:05 Opening

Master of Ceremonies:

Crystal JIANG

First cohort student of the University of Hong Kong's Global CEO Program; Chairman of the Board of Directors, DL Holdings Group; Former TV Host at Phoenix Television

09:05-09:15 Welcoming Remarks 

Hongbin CAI

Dean and Chair of Economics, Director of Institute of China Economy (ICE), HKU Business School

09:15-10:05 CMF Quarterly Forum (Mid-2024)

Release of CMF China Macroeconomy Analysis and Forecast Report (Mid-2024)

Ruilong YANG

National First-Class Professor, Co-director of Institute of Economics, Renmin University of China; Co-founder and Co-chair, China Macroeconomy Forum (CMF)

3rd HKU Quarterly Forum on Chinese Economy

Release of ICE China Economy Report

Zhenhua MAO

Professor of Practice, HKU Business School; Co-director and Professor, Institute of Economics, Renmin University of China; Co-founder and Co-chair, China Macroeconomy Forum (CMF); Chief Economist, China Chengxin International Credit Rating Co., Ltd.

10:05-11:05 Keynote Speeches

Peiyong GAO

Member of Chinese Academy of Social Sciences, Former Vice President of Chinese Academy of Social Sciences

Xiaoqiu WU

Director of the National Institute of Financial Research, National First-Class Professor, Renmin University of China

Yuanchun LIU

President of Shanghai University of Finance and Economics; Former Vice President of Renmin University of China; Co-founder of China Macroeconomy Forum (CMF)

11:05-12:05 Roundtable on Economics - Analysis and Discussion on Current China Macroeconomic Situation

Moderator:

Hongsong ZHANG

Associate Director, Institute of China Economy; Associate Professor of Economics, HKU Business School

Panelists (Sorted alphabetically by surname):

Li CUI

Chief Economist and Managing Director, CCB International Securities Limited

Bingjing LI

Associate Director, Institute of China Economy; Associate Professor of Economics, HKU Business School

Qing LIU

Deputy Dean of National Academy of Development and Strategy, Renmin University of China; Key Member, China Macroeconomy Forum (CMF)

Heiwai Tang

Associate Dean (External Relations), Victor and William Fung Professor in Economics, HKU Business School; Director, Asia Global Institute

Qing WANG

Chairman & Chief Economist, Shanghai Chongyang Investment Management

Robin XING

Chief China Economist and Managing Director, Morgan Stanley

14:15-15:35 Keynote Speeches

Shusong BA

Managing Director, Chief China Economist of Hong Kong Exchanges and Clearing Limited(HKEX); Chief Economist of the China Banking Association; Executive Director of the HSBC Financial Research Institute at Peking University

Zhiwu CHEN

Chair Professor of Finance, HKU Business School; Director, Hong Kong Institute for the Humanities and Social Sciences; Council Member, HKU

Chen LIN

Associate Vice-President of HKU, Associate Dean, Chair of Finance, Stelux Professor in Finance, HKU Business School

Guojun HE

Professor, Director, HKU Jockey Club Enterprise Sustainability Global Research Institute, HKU Business School

15:35-15:55 Coffee Break

15:55-16:55 Roundtable on Finance - Chinese Mainland and Hong Kong Macro and Micro Finance: Challenges and Prospects

Moderator:

Crystal JIANG

First cohort student of the University of Hong Kong's Global CEO Program; Chairman of the Board of Directors, DL Holdings Group; Former TV Host at Phoenix Television

Panelists (Sorted alphabetically by surname):

Jian CHANG

Chief China Economist, Barclays Bank

Ying LI

Vice President, Hong Kong Alumni Association of Renmin University of China; Co-founder and Executive Director of Advanced Isotopes Technology Asia Limited; Founding President of Hong Kong LPF Association.

Xiaoguang LIU

Professor, National Academy of Development and Strategy, Renmin University of China; Key Member, China Macroeconomy Forum (CMF)

Hui SHAN

Chief China Economist, Goldman Sachs

Jinbin WANG

Deputy Dean, School of Economics, Renmin University of China; Key Member, China Macroeconomy Forum (CMF)

Yan YAN

Assistant Dean of the Economic Research Institute of Renmin University of China, Vice Chairman of China Macroeconomy Forum (CMF), Chairman of China Chengxin International Credit Rating Company Limited

16:55-17:15 Q&A

Live streaming

Organizers’ Profile

Hongbin Cai

Dean and Chair of Economics, Director of Institute of China Economy (ICE), HKU Business School

Professor Hongbin Cai is the Dean of the HKU Business School and Chair of Economics.  He received his B.A. in Mathematics from Wuhan University in 1988, his M.A. in Economics from Peking University in 1991, and his Ph.D. in Economics from Stanford University in 1997.  

From 1997 to 2005, he taught at the University of California, Los Angeles.  From December 2010 to January 2017, he served as Dean of Guanghua School of Management, Peking University.  He joined the HKU Business School in June 2017 and serves as the Dean since July 2017.  He is a National Chang Jiang Scholar (awarded by Ministry of Education of China) and a National Outstanding Young Researcher (awarded by National Science Foundation of China).  Professor Cai has published many academic papers in top international journals in economics and finance, in a wide range of areas including game theory, Chinese economy, industrial organization and corporate finance. 

Professor Cai was elected as a Fellow of the Econometric Society. He was a member of the National People’s Congress, and a member of the Central Committee of China Democratic League and Vice Chairman of its Committee of Economic Affairs.  He was the founding president of The Chinese Finance Association (TCFA, overseas).  He serves as member of various committees of the Government of the HKSAR, such as the Chief Executive’s Policy Unit Expert Group and the Advisory Committee on the Northern Metropolis.

Yuanchun Liu

President of Shanghai University of Finance and Economics; Former Vice President of Renmin University of China; Co-founder of China Macroeconomy Forum (CMF)

Professor Liu Yuanchun is President of Shanghai University of Finance and Economics (SUFE), and an eminent academic leader in China’s macroeconomic research. Before joining SUFE in 2022, Prof. Liu served as Vice President of Remin University of China.

The main research areas of Prof. Liu are open macroeconomics, monetary policy and inflation, and China’s economic growth. He was awarded the 10th and 11th Sun Yefang Outstanding Contribution Award in Economic Studies, which is the highest prize in economics in Chinese mainland. He also received the First Prize for Outstanding Achievements in Social Science Studies of Beijing. Prof. Liu is an active player in China’s macroeconomic arena. Along with several outstanding Chinese scholars, he established the China Macroeconomics Forum (CMF) to address issues related to China’s economic development, making meaningful impact on government, business, and society. Prof. Liu serves as a consulting expert for national-level decision-making bodies, including the State Council, the Ministry of Finance, the National Development and Reform Commission, the National Strategic Planning Commission, Monetary Policy Committee of the People’s Bank of China. He has been frequently invited as distinguished speaker at regional and international economic forums and his comments on exchange rate policy, monetary policy, and trade imbalance are highly regarded. Prof. Liu is featured as a leading subject expert and thought leader in the media. He was selected as the most influential economist in 2022 by China Newsweek.

Ruilong Yang

National First-Class Professor, Co-director of Institute of Economics, Renmin University of China; Co-founder and Co-chair, China Macroeconomy Forum (CMF)

Doctor of Economics, First Class Professor of Renming University of China ( RUC ), Chang Jiang Scholars of the Chang Jiang Scholars Program of the Ministry of Education (2005). Joint Director of the Institute of Economics, RUC, Joint Chairman of the China Macroeconomic Forum (CMF). He is also a member of the Theoretical Economics Discipline Review Group of the Seventh Degree Committee of the State Council, a Vice Chairman of the Economics Teaching Steering Committee of the Ministry of Education, and a Vice President of the Beijing Economics Federation. He was awarded as "Outstanding Communist Party Member" in Beijing (2004). He has won the Sun Yefang Economic Science Award for many times, the First Prize of the Outstanding Achievements in Humanities and Social Sciences of Chinese Universities twice, and the First Prize of the Outstanding Achievements in Philosophy and Social Sciences of Beijing Municipality for many times. Classification Reform and Common Governance of State-Owned Enterprises won the 10th China Economic Theory Innovation Award. He has twice won the "National 100 Excellent Doctoral Dissertations" Guidance Teacher Award, and has won the First and Second Prizes of National Outstanding Teaching Achievements for many times. Enjoy the special government allowance of the State Council (1996).

Zhenhua Mao

Professor of Practice, HKU Business School; Co-director and Professor, Institute of Economics, Renmin University of China; Co-founder and Co-chair, China Macroeconomy Forum (CMF); Chief Economist, China Chengxin International Credit Rating Co., Ltd.

Dr. Mao Zhenhua was born in Hubei Province in 1964 and was admitted to study Economics at Wuhan University in 1979. From 1983 to 1992, he served consecutively in the Statistics Bureau of Hubei Provence, the Policy Research Office of the Hubei Provence, the Research Center of the Hainan Provence Government, and then the Research Bureau of the State Council. In 1992, he founded China’s first credit ratings agency — China Chengxin Group, a subsidiary of which -- -- is currently a Joint Venture with Moody's Investors Service. He is a leading figure of "Class of 92" (Business elites who left the government or official research institutes in 1992 to start their own business), and is recognized as "Top 100 Outstanding Entrepreneurs during 40 years of reform and opening up".

Currently, he holds positions as Chief Economist of China Chengxin International Credit Rating Co., Ltd, Director of the Institute of Economic Research of Renmin University of China, Co-founder and Joint Chairman of China Macroeconomy Forum (CMF), and Dean at Dong Fureng Economic and Social Development Research Institute of Wuhan University. He also takes doctoral students at Renmin University and Wuhan University. Starting from 2022, he was appointed as Professor of Practice in Economics at HKU Business School.

He also holds many positions in organizations of great social significances, including the Executive Director of China Economic Theory and Innovation Awards, Executive Director of China Federation Of Industrial Economics(CFIE), Director of China Entrepreneur Forum(CEF), Member of the State Council Deepening Medical Reform Leading Group Advisory Committee, Member of National Big Data Development Expert Advisory Committee, Member of National “Internet +” Action Expert Advisory Committee, and the member of Chief Executive’s Policy Unit (CEPU) Expert Group in HKSAR.

He focuses in areas of economics including macroeconomics analysis, bond markets analysis, and credit rating theories and has published several books including, "Dual Bottom Line Theory", "Corporate Expansion and Financing", "Ten Years of Macroeconomics, Ten Years of Policies, Ten Years of Theory", "Capitalization of Corporate Institutions", and "Credit Ratings - Advanced Theories and Practices" etc. Additionally, in recent years, he presided over the compilation of China’s first textbook on "Health Economics", and led the establishment and development of the subject in China.

MC's Profile

Crystal Jiang

First cohort student of the University of Hong Kong's Global CEO Program; Chairman of the Board of Directors, DL Holdings Group; Former TV Host at Phoenix Television

Ms. Crystal Jiang has over 18 years of experience in the financial and media industry. She is the Co-founder, Partner of DL Holdings Group, and also the Honorary Chairman and Non-executive Director of the listed company.

Prior to founding DL Family Office, Ms. Jiang was a Senior Vice President of J.P. Morgan Private Bank covering Hong Kong and China. Prior to her role at J.P. Morgan, Ms. Jiang was the Senior Vice President of Standard Chartered Private Bank and HSBC Private Bank. Ms. Jiang is also the founding member of PBEC (Pacific Basin Economic Council) China Chapter and serves as a board director.

Prior to joining Standard Chartered and HSBC, Ms. Jiang was a TV host at Phoenix Television, anchoring financial, current-affairs and social programs including “News Talk Today”, “International News Reporting” and “Going Around China”. Ms. Jiang was the Champion of “Miss Chinese Cosmo Pageant 2003”.

Ms. Jiang graduated from the “Owner/President Management” and “Advanced Management Development Program” from Harvard Business School. She holds a master’s degree in Media Management and Social Science from Hong Kong Baptist University and a bachelor’s degree of Arts in Communication, International Journalism and English Broadcasting from Communication University of China.

Keynote Speech Speakers'

Profile

Peiyong Gao

Member of Chinese Academy of Social Sciences, Former Vice President of Chinese Academy of Social Sciences

Han ethnicity, born in January 1959, member of the Communist Party of China . He holds a postgraduate degree and a doctorate in economics. He is a professor, a doctoral supervisor, and an academician of the Chinese Academy of Social Sciences (CASS). He is also Member of the Academic Degrees Committee of the State Council, and Vice President of Sun Yefang Economic Science Foundation. He enjoys the Special government allowances of the State Council. He was Vice President of the Chinese Academy of Social Sciences and the Member of the Leading Party Members’ Group of CASS. He also served as Secretary of the CPC Committee of the University of Chinese Academy of Social Sciences (UCASS), and Member of the Committee on Economic Affairs of the 13th National Committee of the Chinese People’s Political Consultative Conference (CPPCC).

His research interests include fiscal theories and economic and taxation policy analysis, etc. He was selected for Leading talents in the field of philosophy and social sciences under the "Ten Thousand People Program"; Cultural Masters and "Four Batch" Talents; National-level candidates of the "One Million Talents Project".

Xiaoqiu Wu

Director of the National Institute of Financial Research, National First-Class Professor, Renmin University of China

Professor Wu Xiaoqiu, born in February 1959, is a well-known financial economist in China. He served as Vice President of Renmin University of China from 2016 to 2020 and is currently the University’s national first-level professor, director of the National Institute of Financial Research and dean of the China Capital Market Research Institute, director of the China-US Research Center for Humanitarian Exchange under the Ministry of Education, and Distinguished Professor of “Chang Jiang Scholars Program” of Ministry of Education (2006). His major social academic titles are as follows: Convener of Applied Economics Discipline Evaluation Group of the Academic Degrees Committee of the State Council, First Deputy Chairman of National Supervisory Committee for Professional Degrees in Finance, Deputy Chairman of Chinese Society of Educational Development Strategy and Chairman of Higher Education Professional Committee of China. Prof. Wu has published more than 100 papers in major academic journals, including Social Sciences in China, Economic Research Journal, Journal of Financial Research.

Shusong Ba

Managing Director, Chief China Economist of Hong Kong Exchanges and Clearing Limited(HKEX); Chief Economist of the China Banking Association; Executive Director of the HSBC Financial Research Institute at Peking University

Professor Ba Shusong is Managing Director, Chief China Economist of Hong Kong Exchanges and Clearing Limited (HKEX), Chief Economist of the China Banking Association (CBA) and Executive Director of the HSBC Financial Research Institute at Peking University.  He is also Vice President of the China Society of Macroeconomics, a member of Ministry of Commerce's Economic and Trade Policy Advisory Committee, a member of China Banking and Insurance Regulatory Commission’s Expert Guidance Committee for the banking industry’s implementation of the new Basel capital accord, a member of China Securities Regulatory Commission’s M&A Specialists Committee, a member of China’s “13th Five-Year Plan” National Development and Planning Specialists Committee, and Director-General of Peikang Chang Research Foundation of Development Economics. Professor Ba Shusong is a part-time professor at HKU Business School.

Zhiwu Chen

Chair Professor of Finance, HKU Business School; Director, Hong Kong Institute for the Humanities and Social Sciences; Council Member, HKU

Professor Zhiwu Chen is Chair and Cheng Yu-Tung Professor in Finance at the University of Hong Kong (HKU). Professor Chen currently serves as director of both Hong Kong Institute for Humanities and Social Sciences (HKIHSS) and Centre for Quantitative History (CQH). His research covers finance theory, the sociology of finance, economic history, quantitative history, emerging markets, as well as China’s economy and capital markets. Professor Chen was a former Professor of Finance at Yale University and a Special-Term Visiting Professor at Peking University and Tsinghua University.

Professor Chen started his career by publishing research papers in top economics and finance journals on topics related to financial markets and theories of asset pricing. Around 2001, he began to expand research beyond mature markets by investigating market development and institution-building issues in the context of China’s transition process and other emerging markets. He successfully led efforts to construct historical financial and social databases from China’s historical archives and has written on economic/social history topics. In 2013, he started the annual Summer School for Quantitative History cum International Symposium on Quantitative History at Tsinghua University and continues to organize them at Peking University, with the goal of promoting quantitative historical research in China and beyond. In 2022, Professor Chen’s Quantitative History of China project was awarded HK$67.32 million under the Areas of Excellence (AoE) Scheme, marking a new record high for government funding raised for the HKU Business School since its establishment.

Professor Chen has been a member of the HKU Council since November 2018. He is on the board of directors of Noah Holdings, Bairong Inc., and GigaCloud Tech. He also served on the International Advisory Board of the China Securities Regulatory Commission (CSRC), the Expert Advisory Board for the formation of the China Investment Corporation, and on the board of directors as an independent non-executive director at IDG Energy Investment and Bank of Communications; as an independent director at PetroChina and Lord Abbett China. He was on the Board of Trustees of the Yale China Association, the 12th and 13th Five-Year Plan Advisory Commission to the Beijing Municipal Government, and the Chief Academic Advisor to two 10-episode CCTV documentary series, “Wall Street” and “Money”. He was a co-founder and partner of Zebra Capital Management from 2001 to 2011. In Burson-Marsteller’s 2012 “G20 Influencers” report, Professor Chen was listed as one of the top ten political influencers in China.

Professor Chen is a frequent contributor to media publications in China on topics of economic policy, market development, institutional reform, and historical research. His work has been widely published and regularly featured in major newspapers and magazines in the United States, Hong Kong, China and many other countries. His Chinese books include: How Is Wealth Created, Media, Law and Markets, Why are the Chinese Industrious and Yet Not Rich, Irrational Overconfidence, The Logic of Finance, 24 Wealth Lectures, Assessing China’s Economic Growth of the Past 30 Years, On the China Model, The Logic of Finance 2: Path to Individual Freedom, Introduction to Finance and Introduction to Investment. He has recently published a two-volume long history book in Chinese titled Logic of Civilization, that explores a number of human innovations, including mythology or magic and supernatural beliefs, technologies, social structures, cultural norms, religions, financial markets, and the welfare state. He has received research awards including the Graham and Dodd Award, the Pacesetter Research Award, the Merton Miller Prize, and the Chicago Board Options Exchange Competitive Research Award. He has also received a number of book awards in China and Hong Kong, among which are 23 awards for The Logic of Finance in China and Hong Kong, and the best book award from hexun.com for Why are the Chinese Industrious and Yet Not Rich.

Professor Chen received his PhD in financial economics from Yale University in 1990; MS in systems engineering from Changsha Institute of Technology in 1986; and BS in computer science from Central-South University in 1983. He was Assistant Professor of Finance at University of Wisconsin – Madison; Associate Professor of Finance at Ohio State University; and Professor of Finance at Yale University. He has been an endowed professor since joining HKU in July 2016. In July 2019, Professor Chen was conferred the title of Chair Professor of Finance in recognition of his contribution to finance.

Chen Lin

Associate Vice-President of HKU, Associate Dean, Chair of Finance, Stelux Professor in Finance, HKU Business School

Professor Chen LIN joined The University of Hong Kong (HKU) as Chair of Finance at the Faculty of Business and Economics (now HKU Business School) in 2013. Before joining HKU, he was on the faculty team of the Department of Finance at the Chinese University of Hong Kong (CUHK). At CUHK, he became Full Professor in Finance in 2010 and was awarded the Choh-Ming Li Professorship in Finance in 2012. He received his Bachelor of Engineering from the South China University of Technology in 2000 and a MBA, M.A. and Ph.D. from Warrington College of Business Administration, University of Florida. His research interests include banking and financial institutions, corporate finance, financial technology, entrepreneurship and innovation, finance and economic development.

Chen’s papers are published or forthcoming in Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Review of Finance, Management Science, The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Review of Accounting Studies, Journal of Law & Economics, Journal of Law, Economics and Organization, The Economic Journal, Journal of Public Economics, Journal of Development Economics, Journal of International Business Studies, Journal of Corporate Finance, Journal of Banking & Finance, Journal of Risk and Insurance, Journal of International Money and Finance, Journal of Empirical Finance, Journal of Comparative Economics, Journal of Regulatory Economics, Review of Industrial Organization, and others. His papers also received various awards such as the Jensen Prize (First Prize) for the Best Papers Published in the Journal of Financial Economics in the Areas of Corporate Finance and Organizations, The JFE All Star paper, the Chicago Quantitative Alliance Asian Academic Competition Research Paper Award, the Hong Kong Asian Capital Market Research Prize awarded by CFA Institute and HKSFA, two Best Paper Awards at the 9th International Conference on Asia-Pacific Financial Markets, the Bureau van Dijk prize in Corporate Finance at the 31st Australasian Finance and Banking Conference and the best paper award at the 31st Asian Finance Association Annual Conference. He currently serves on the editorial boards of various international journals including Management Science, Journal of Banking and Finance, Journal of Corporate Finance and Journal of Comparative Economics. He has been invited by the Royal Swedish Academy of Sciences to nominate candidates for the Nobel Prize in economics. He is the Principal Investigator of many RGC Competitive Earmarked Research Grants, the Project Coordinator of a RGC Theme-based Research Grant focusing on Financial Technology, Inclusion and Stability, a Co-Principal Investigator of a RGC Theme-based Research Grant, the first large-scale, theme-based business research grant in Hong Kong and a Co-Principal Investigator of the first Fintech related Research Impact Fund in Hong Kong.

Chen’s works and views have been presented in major finance conferences such as American Finance Association annual conference, European Finance Association annual conference and Western Finance Association annual conference, and various conferences held by institutions such as Asian Development Bank, China Banking Regulatory Commission, China Security Regulatory Commission, Hong Kong Monetary Authority, Hoover Institute at Stanford University, International Monetary Fund, National Bureau of Economic Research and the World Bank and covered by BBC World TV, Bloomberg, Foreign Policy, Financial Times, Harvard Law School Forum on Corporate Governance and Financial Regulation, China Daily, CNNMoney, CFA Digest, Hong Kong Satellite TV, VoxEU, Wall Street Journal (Real Time Economics) and World Bank Doing Business Report. He has provided consulting services for the Asian Development Bank, the Bank of International Settlement, China Construction Bank (Asia), Hong Kong Financial Services Development Council, Qianhai Institute of Innovative Research, and the World Bank. He was a Distinguished Visiting Professor of Finance, Entrepreneurship and Innovation at Haas School of Business, University of California, Berkeley. He served as a panel member of the Research Grant Council of Hong Kong and the RAE exercise conducted by University Grants Committee of Hong Kong. He is also a Currency Board Committee member of the Hong Kong Exchange Fund Advisory Committee, a Fintech Advisory Group member of the Hong Kong Securities and Futures Commission (SFC) and an Advisory Council member and a research fellow at HKIMR of Hong Kong Monetary Authority.

Guojun He

Professor, Director, HKU Jockey Club Enterprise Sustainability Global Research Institute, HKU Business School

Guojun HE is an economist working on environmental, development, and governance issues. Currently, he is a professor in Economics at the University of Hong Kong (HKU). He serves as the director of HKU’s ESG Research Institute and the associate director of HKU’s Institute of China Economy. He holds a concurrent appointment at the Energy Policy Institute of the University of Chicago (EPIC) and leads research activities of its China center (EPIC-China).

HE’s research tries to address some of the most challenging problems faced by developing countries and seeks to produce empirically grounded estimates for optimal policy design. The majority of his work focuses on understanding the benefits and costs of environmental policies, while he also has a broader research interest in development and governance issues.

He has won multiple academic awards, including the Zhang Pei-Gang Award for Outstanding Achievement in Development Economics (the highest award in China for development economics research) and the Gregory Chow Best Paper Award from the Chinese Economists Society. He also wins the European Award for Researchers in Environmental Economics under the Age of Forty in 2024. In addition, He is also a Fellow of the Asian Bureau of Financial Economic Research, an external research affiliate of the Institute of Sustainable and Green Finance at the National University of Singapore, a visiting scholar at the University of Chicago, and a consultant to the Asian Development Bank, CICC Research Institute and other institutions.

Roundtable Speakers Profile

（alphabetical order by Chinese surname）

Li Cui

Chief Economist and Managing Director, CCB International Securities Limited

Li CUI is the Chief Economist, MD, and Head of Macro Research at China Construction Bank International, based in Hong Kong.  She was formerly a Managing Director at Goldman Sachs where she led the bank’s macroeconomic research on China. Prior to that, she was the Chief China Economist at the Royal Bank of Scotland. Earlier in her career, she was a Division Head at the Hong Kong Monetary Authority, and a Senior Economist at the International Monetary Fund based in Washington DC.   

Li has written many articles on the Chinese and the international economy and participates frequently in economic and policy discussions.  She holds a B.A. from Renmin University of China and M.A. and Ph.D. in economics from Northwestern University.

Jian Chang

Chief China Economist, Barclays Bank

Jian Chang is a Managing Director and Chief China Economist at Barclays. Based in Hong Kong, Jian is responsible for leading macroeconomic research on China and Hong Kong. She joined Barclays in 2009, and became Chief China Economist in 2013. Before Barclays, Jian worked at the Hong Kong Monetary Authority (HKMA), leading its coverage of the US, euro area and UK economies during 2005-07, and the Chinese economy and financial markets during 2008-09, as well as conducting thematic research on China and Hong Kong. Jian was a consultant at the World Bank in Washington DC during 2001-04. She has been a director at a number of professional groups, including the China Chief Economist Forum and the Chinese Financial Association of Hong Kong. Jian holds a PhD in Economics from Georgetown University in the US, and a BA in International Economics from Renmin University of China in Beijing.

Bingjing Li

Associate Director, Institute of China Economy; Associate Professor of Economics, HKU Business School

Dr. Bingjing Li is an Associate Professor of Economics at the University of Hong Kong (HKU). Her main research fields are international trade and applied microeconomics. Her works focus on understanding how openness to trade interacts with development and political economy factors, using both micro data and quantitative models.

Dr. Li obtained her Ph.D. in Economics from the University of British Columbia in 2016, M.Phil. in Economics from the Chinese University of Hong Kong (CUHK) in 2011, and B.Soc.Sc. from CUHK in 2009. She joined the HKU Business School as an Associate Professor in 2021. Before joining HKU, she worked at the National University of Singapore.

Ying Li

Vice President, Hong Kong Alumni Association of Renmin University of China; Co-founder and Executive Director of Advanced Isotopes Technology Asia Limited; Founding President of Hong Kong LPF Association.

Ying Li, a Ph.D. in Ecomomics from Renmin University of China, is currently the Co-founder and Executive Director of Advanced Isotope Technology Asia Limited. He also serves as the Founding President of the Hong Kong LPF Association, Co-founder and CEO of Alpha Win Capital Limited, and Honorary President of the 26th Affiliated Sports Association Football Team of Junior Police Junior Officers’ Association of Hong Kong. He is also the Vice president of RUC Hong Kong Alumni Association. He has previously held positions as the Deputy CEO and Executive Director of ICBC International Holdings Limited, and the President and Executive Director of BOCOM International Holdings Company Limited. He has some publications like "A Study on China's Macro Capital Allocation: A View from Household Savings".

Qing Liu

Deputy Dean of National Academy of Development and Strategy, Renmin University of China; Key Member, China Macroeconomy Forum (CMF)

Liu Qing, PhD in Economics, is a professor and Deputy Dean of National Academy of Development and Strategy, Renmin University of China (RUC), and also the Head of International Economy and Finance Research Center, Vice Chairman of China Society of World Economics, member of editorial board of Journal of International Trade and Economic Development (SSCI), etc. His research interests include world economy, international trade, cross-border investment and M&A, enterprise innovation and China's economic development. His academic papers are published in top international and Chinese journals, and his research grants (PI) include 1 major project of national social science foundation of China, 3 projects of national science foundation of China, and dozens of ministerial and local governmental projects. He has received interviews by the People’s Daily, Xinhua News Agency, CCTV news, etc. and provided a number of professional speeches and training to different ministries and enterprises. His paper on China's overseas M&A won the Best Paper Award 2015 of the Academy of International Business (AIB), the most authoritative academic organization of international business, the papers on enterprise innovation and vertical investment won the An Zijie International Trade Research Award twice, the top award of international trade in China, and the paper on domestic market integration won the  business development award of the MOFCOM. Many of his policy suggestions have been adopted by the  central government of China.

Xiaoguang Liu

Professor, National Academy of Development and Strategy, Renmin University of China; Key Member, China Macroeconomy Forum (CMF)

Xiaoguang Liu, Professor at the National Academy of Development and Strategy of Renmin University of China, and a key member of the China Macroeconomic Forum (CMF). Ph.D. in Economics from Peking University, is a Wu-Yuzhang Chair Professor at Renmin University of China, a Young Changjiang Scholar of the Ministry of Education, and an Outstanding Young Talent of Beijing. He has been a visiting scholar at New York University and the University of Chicago. He serves as the Deputy Editor-in-Chief of “Economic Theory and Business Management”, Director of the China Government Debt Research Center, Deputy Secretary-General of the Beijing Economic Association, and a permanent member of the Ministry of Finance’s International Financial Research Expert Studio. He has previously worked as an economist at the International Monetary Fund (IMF) and as a project consultant for the Asian Development Bank (ADB). His primary research areas include macro development and macro finance. He has published dozens of papers in prestigious journals such as Social Sciences in China, Economic Research Journal, Management World, Global Food Security, China Economic Review and Energy Economics. Liu has received numerous honors, including the Second Prize of the Ministry of Education’s Outstanding Scientific Research Achievement Award, the Ministry of Commerce’s Outstanding Business Development Achievement Award, the Liu-Shibai Economics Award, the Hong-Yinxing Economics Award, the Young Economist Paper Award, and the Excellent Doctoral Dissertation Award in Economics in China. He consistently writes and publishes the “China Macroeconomic Forum” annual/semi-annual reports, with over ten policy reports receiving directives from party and state leaders.

Hui Shan

Chief China Economist, Goldman Sachs

Hui Shan is a Chief China Economist at Goldman Sachs based in Hong Kong. Hui joined Goldman Sachs in New York in 2011, previously working on the Global Markets team focusing on the US housing and mortgage markets and the Commodities Research team heading the metals research. Hui was named managing director in 2019. Prior to joining the firm, Hui worked as an economist at the Federal Reserve Board of Governors. Hui earned a PhD in Economics from MIT and a BS in Economics and Biophysics from the University of Michigan.

Jinbin Wang

Deputy Dean, School of Economics, Renmin University of China; Key Member, China Macroeconomy Forum (CMF)

Jinbin Wang is the Deputy Dean, Professor at the School of Economics of Renmin University of China, and a key member of the China Macroeconomic Forum (CMF). He has published dozens of papers in journals such as "Economic Research" and "World Economy". In 2007, he was selected as the "New Century Talent" of the Ministry of Education. In 2009, he received the "Baosteel Excellent Teacher Award". In 2015, he won the 7th University Research Paper Award from the Ministry of Education. In 2018, he was awarded the title of " Model Teacher" of Renmin University of China and "Beijing Distinguished Teacher". He has been a lecturer for the cadre training lecture hall of the Central Organization Department and the Ministry of Education at the bureau level (2010—). His research areas include capital markets and open macroeconomics.

Qing Wang

Chairman & Chief Economist, Shanghai Chongyang Investment Management

Qing Wang is Chairman and Chief Economist of Shanghai Chongyang Investment Management Company.

Chongyang Investment is one of the largest hedge funds in China with AUM US$4.5bn. Before joining Chongyang Investment in early 2013, Dr. Wang was Managing Director and Deputy Head of Investment Banking Department at China International Capital Corporation (CICC) during 2011-13. Dr. Wang joined CICC from Morgan Stanley, where he was Morgan Stanley’s Managing Director and Chief Economist for Greater China during 2007-2011. Dr. Wang’s economics team at Morgan Stanley was ranked No. 1 by Institutional Investors for two consecutive years in 2010-2011. Dr. Wang was the Head of Economics & Investment Strategy for Greater China at Bank of America during 2005-07. Prior to that, Dr. Wang spent six years (1999-2005) as an economist with the International Monetary Fund (IMF).

Dr. Wang holds a Ph.D. in economics from the University of Maryland at College Park, USA. He also holds a B.A. in economics and an M.A. in macro-economic management from Renmin University of China. Dr. Wang is a member of China Finance 40 Forum (“CF40”), a member of Academic Committee of Shanghai Finance Institute (SFI), a guest professor of Shanghai Advanced Institute of Finance (SAIF).

Robin Xing

Chief China Economist and Managing Director, Morgan Stanley

Robin Xing is a managing director at Morgan Stanley who joined the Firm’s Asia ex-Japan economics research team in 2016 as Chief China Economist, leading the firm’s macro and FX research on China. Prior to joining Morgan Stanley, he was an investment strategist at Goldman Sachs’ investment management division. Previously, he worked as director of China macro research at S.A.C Capital, and vice president and economist at China International Capital Corporation. Robin’s team was ranked #1 for Economics from 2021 to 2024 in Institutional Investor All-Asia survey, and he has written extensively on China’s long-term economic outlook, including the Urbanization 2.0 in China, the supply chain transition in a multipolar world, and the transition of China’s capital flows. He has presented his views frequently to senior policymakers in China.

Yan Yan

Assistant Dean of the Economic Research Institute of Renmin University of China, Vice Chairman of China Macroeconomy Forum (CMF), Chairman of China Chengxin International Credit Rating Company Limited

Mr. YAN is the Chairman of China Chengxin International Credit Rating Co., Ltd, the Chairman of China Chengxin (Asia Pacific) Credit Ratings Co., Ltd. He also serves as a director of the Association of Credit Rating Agencies in Asia and works as executive committee member of the Federation of Industry and Commerce of Beijing. Meanwhile, Mr. YAN serves as the Assistant Dean of the Economic Research Institute of Renmin University of China, as well as the Vice Chairman of China Macro Economy Forum. Mr. Yan graduated from Renmin University of China in 1999 with a PhD Degree in Economics.

Hongsong Zhang

Associate Director, Institute of China Economy; Associate Professor of Economics, HKU Business School

Hongsong Zhang is an Associate Professor of economics in the HKU Business School and the Associate Director of the Institute for China Economy at the University of Hong Kong. He also serves as the Associate Director of the Economic Strategy and Development Center of HKU Shenzhen Campus. His research covers Empirical Industrial Organization, International Trade, and Chinese Economy, with a focus on productivity, buyer-supplier linkage, and firm and industrial dynamics. His current research focuses on how firms’ competitiveness in demand, production networks and industrial clustering affects firms’ competitiveness in the domestic and international markets, as well as how industrial policy and international trade policy influence heterogenous firms in different industries.

His research has been published in leading Economics journals such as RAND Journal of Economics, Economic Journal, Review of Economics and Statistics, International Economic Review, Journal of Development Economics, and European Economic Review. He has won multiple external grants (General Research Funds) from the Hong Kong Research Grants Council. He serves as an Associate Editor of the International Journal of Industrial Organization (IJIO) since 2020, and the co-editor of IJIO’s special issue on “Industrial Organization and Industrial Policy” to be published in 2025. He also serves in the executive committee of China Trade Research Group (CTRG) since 2018.

2024 China and Global Economic Forum -- China's Power and New Chapter of Global Economy: Development and Outlook

In the year 2024, the global economy faces a series of uncertainties. Despite the presence of unprecedented changes, the strategic competition between China and the United States continues to escalate. The de-globalization phenomenon exacerbates challenges such as the rise of global trade barriers, energy crises, supply chain disruptions, inflationary pressures, and vulnerabilities within the financial system. The issue of climate change remains prominent, multilateral governance requires urgent reform, and global asset allocation necessitates rebalancing. Additionally, long-term challenges such as population aging and debt accumulation persist, with countries urgently seeking breakthroughs in productivity growth and sustainable development. The advancement of digital technology and artificial intelligence presents new opportunities for economic development. In this era of profound change, the global political and economic landscape faces numerous challenges and transformations. Furthermore, China's economy and financial sector confront unprecedented domestic and international pressures and opportunities.

Seeking collaboration and fostering mutual benefits can serve as robust foundations for promoting openness and development, as well as paving the way towards shared success in this era of unprecedented changes and uncertainty. The Institute of Chinese Economy (ICE), HKU Business School, in collaboration with the China Macroeconomy Forum (CMF) at Renmin University of China, is organizing the 2024 China and Global Economic Forum. The aim of this event is to deeply study the new phenomena, problems, and trends facing China and the world in this changing landscape, and to explore new paths for China's economic resilience, recovery, and sustainable development. The forum invites policymakers, elite economists, business leaders, and academic experts to gather in Hong Kong. Through high-level intellectual exchanges and dialogues, speakers will share insights on China's and global economic and financial issues. The objective of this forum is to promote consensus through dialogue and cooperation, with the goal of contributing ideas for China's economic and financial development, enhancing China's constructive participation in international governance, and fostering mutual trust and consensus within the international community, ultimately promoting healthy development and win-win cooperation between China and the global economy.

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