Finance Forum: Inaugural meet - summary

Finance Forum: Inaugural meet - summary
Event
Date
Location
Attendees
Purpose
Format
British Chamber Finance Forum: Inaugural planning session
26 June 2013
Embassy Residence
Name
Anatole PANG (Co-Chair)
Andie WANG
Annabella FU
Ben CHESSON
Carla FAN
Catherine RAINES
Cathy CHEN
Duncan CLARK
Freeman ZHANG
George NORRIS
Jerry ZHANG
Jim MAHONEY
John RUSSELL
Kevin SARIC
Lisa CHUNG
Michael BUCKLEY
Mike McCOURT (Co-Chair)
Nicholas SHEFFIELD (Chair)
Patrick HORGAN
Paul GREGERSEN
Peter HOGG
Ralph ROGERS
Steven HUANG
Sunil PATEL
Xiaodong MA
Company
Leyshon Resources
De La Rue
Linklaters
UKTI
CBBC
UKTI
Lloyd’s
BDA
Catlin Group
UKTI
Standard Chartered
CBBC
Northhead Communications
Ernst & Young
Slaughter & May
CITIC Securities
Control Risks
Rothschild
Rolls Royce
BUPA Insurance
Heliren Insurance
CBBC
HSBC
Grant Thornton
UKTI
Title
Business Development
Chief Representative
Partner
Head, China Financial
Finance Sector Lead
Director General
Chief Representative
Chairman
Chief Representative
First Secretary, Economic
General Manager
CBA
Managing Director
Associate
Chief Representative
Director
Senior Consultant
Chief Representative
Regional Director
General Manager
Chairman
Director
Head, Public Sector
Director, Transaction Advisory
Associate, China Financial
Inaugural meet - summary
Speeches followed by sit-down dinner, with networking after
Opening speech: Nicholas Sheffield (Forum Chair)
- Purpose of Forum (discussion, help, learning, lobbying, networking)
- Not a Financial ‘Services’ Forum, but a Financial ‘Issues’ Forum
- Broad focus: macro (strategic), regulatory and micro issues
- Aims & goals for the year (3 networking events, 4 discussion events, with conclusions)
- Target: contribution to EU Chamber Position paper (targeting September 2014)
Keynote speaker: Catherine Raines (Director General, UKTI)
- General introduction (ex-AstraZeneca, previously in Shanghai)
- Reinforcing & reinvigorating UKTI focus on helping British businesses in China
- Renewed focus on connecting with UK businesses in China & initiating more regular
dialogue between HMG and the private sector
Speaker: Ben Chesson (Head, Financial Services, UKTI)
- UKTI involved in numerous areas with read-across for UK business in China & beyond
- Key themes revolve around: RMB Internationalisation, legal regulation, re-insurance
(CRIC), Chinese asset management diversification into the UK, UK asset management in

China, working with the Beijing municipality, issues for the next China UK-Financial and
Economic dialogue, Financial Technology, Islamic finance (PRC-Arabian world),
infrastructure & 3rd world partnerships, Chinese FDI into the UK.
Speaker: George Norris (First Secretary, Economic)
- Market update
- Focussed on understanding what PRC leadership is thinking
- Not focussed on short-term factors (GDP fluctuation, stock market indices)
- Principal focus on stability, employment, long-term trajectory
Speaker: Jim Mahoney (British Climate Survey)
- Initial results in advance of full publication (“hot-off-the-press”)
Speeches were followed by discussion of key themes over dinner
Conclusions:
-
A very successful evening with valuable and detailed feedback from members
A clear indication that major issues lie at the micro/regulatory level, with broader,
strategic areas being of interest, but not of key importance to members’ daily operations
Some industries (banking, legal) tend to ‘hog the limelight’ at the expense of less highprofile, but nevertheless systemically important sectors, such as insurance
Next steps / follow-up:
-
Further liaison with UKTI to dovetail with VIP visits
4 key discussion events to occur throughout the year
3 further networking events with keynote speakers
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