Chicago Economic Panel Discussion
October 24, 2013: 7:00 PM - 9:00 PM
Join us for a panel discussion about this timely topic with:
Francis Lui, AB' 75, Professor, Hong Kong University of Science and Technology
Aaron Back, Columnist, Heard on the Street, The Wall Street Journal
Jerry Zhang, MBA' 94, Senior Managing Director, CITIC Capital
Paul Wang, LLM '94, JSD '99, Partner, Dechert LLP
HSBC Main Building
Turner Room, Level 41
1 Queen’s Road Central
Hong Kong, Hong Kong
From an economic miracle with a blistering double digit growth, China has entered this new change in leadership with various concerns on whether its economic growth engine can indeed sustain in the future years. One of the most debated issues is whether the new leadership of China has the ability and more importantly, the political will, to evolve the Chinese growth engine and political-economic machinery from its focus on the simple rate of economic growth to the quality of economic growth -- from investment-driven to consumption driven growth.
Whilst it is becoming increasing clear the Chinese leadership and its people are prepared to accept lower rate of quality growth and the question is whether such a change is indeed achievable amongst its people and indeed the entire world who have been used to double digit growth.
Amid these queries, the new Chinese leadership has to factor in new issues such as the changing drivers of the Chinese political and economic development and reform such as the crackdown on any potential allegations of political corruption and nepotism, the rising political consciousness of its people and the eventual loss of demographic dividend. The Chinese economy is indeed at its crossroads.
We have gathered a number of our alumni and friends who are industry and thought leaders in their own right and have kindly agreed to join us for an evening of discussion and debate on these issues.
Please pay cash at the door
Francis Lui, AB' 75 (Panelist)
Professor, Hong Kong University of Science and Technology
Professor Lui is the Director of Center for Economic Development in the Hong Kong University of Science and Technology. He is a leading figure in Hong Kong in the field of Economics. His research interests include Hong Kong's and Chinese economies, macroeconomics and social security. He has been the advisor of a number of governmental departments, political and educational organizations and private business firms.
Aaron Back (Panelist)
Columnist, Heard on the Street, The Wall Street Journal
Aaron Back is a columnist for Heard on the Street, based in Hong Kong. He joined the Heard team in March 2013 and writes about Chinese, Japanese and South Korean economic and market trends as well as major companies in the region. Prior to joining the Heard, he was the WSJ's deputy bureau chief in Beijing, where he initially worked on China's technology sector before moving onto lead coverage of the country's macro-economy and monetary policy. He joined Dow Jones working in the Singapore bureau.
Jerry Zhang, MBA' 94 (Panelist)
Senior Managing Director, CITIC Capital
Jerry Zhang is a Senior Managing Director of CITIC Capital Asset Management. Prior to re-joining the firm in 2009, Mr. Zhang was a Managing Director, Financial Sponsors, Asia for Deutsche Bank. Prior to that, he was a Co-Head of the Investment Banking division of CITIC Capital. Mr. Zhang has over 15 years of experience in the investment banking area, having served in Salomon Smith Barney, New York and Hong Kong and Goldman Sachs in Hong Kong.
Paul Wang, LLM '94, JSD '99 (Panelist)
Partner, Dechert LLP
Paul Wang is a partner in the Dechert's corporate and securities group. His areas of practice are private equity and venture capital transactions, mergers and acquisitions and public offerings.
Mr. Wang works closely with international and domestic private equity and venture capital funds in their fund formation and investment and advises entrepreneurs and start-ups on their financing and operation in China. He also advises international and Chinese clients on their inbound and outbound mergers and acquisitions transactions and public offerings of companies based in China. Mr. Wang works with clients in a variety of industries including TMT, healthcare, biotech, energy, education, consumer products, manufacturing, finance and clean tech.
Prior to joining Dechert, Mr. Wang was the head of the venture capital and private equity practice at a leading China-based law firm for many years. He previously practiced in Chicago with the corporate and securities group of an international law firm and worked with the Legislative Affairs Commission of the National People's Congress of China.
Yong Kai Wong, '09 (AXP-8)