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 ---END--- 2