Schedule
Boao Forum for Asia Annual Conference 2010
(boaoforum.org)
Updated: 2010-04-09 00:45
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Thursday, April 8
07:00 - 22:00 Registration (Meilan Airport, Haikou)
16:00 – 17:30 BFA Board of Directors Meeting (ICC, Level 1, Peacock IV)
18:00 - 19:00 BFA General Meeting of Members (ICC, Level 1, Dong Yu Grand Ballroom A)
19:30 - 21:00 Welcome Dinner for BFA Members and Sponsors (Sofitel Hotel, 1st Floor, Symposium Restaurant)
Friday, April 9
07:00 - 22:00 Registration (Meilan Airport, Haikou)
07:00 - 14:00 BFA “New Fortune Cup” Golf Invitational 2010 (Dong Yu Island, BFA ICC Golf Club)
14:30 - 16:00 Dialogue with Henry Paulson: China, the US and the World (Sofitel Hotel, 5th Floor, Sofitel Club) (Invitation Only) 15:00 - 16:00 BFA Annual Conference 2010 Press Conference & Launch of BFA Annual Report 2009 (Sofitel Hotel, Oriental Theatre, 1st Floor)
15:30 - 17:00 Young Leaders Roundtable (ICC, Level 1, Dong Yu Grand Ballroom A) Moderator: RUI Chenggang, Director & Anchor, China Central Television Co-Chairs: Jung Wook HONG, Member, National Assembly, Republic of Korea
Chi Ping Martin LAU, President, Tencent 15:30 - 17:30 China CEO Roundtable: “The Profit in Green: Strategies and Best Practices for Building Business in a Green Growth World” (ICC, Level 1, Peacock 1) (Invitation Only) Moderator: Chris LU, CEO, Deloitte China
16:30 - 17:00 Handover Ceremony of Shanghai GM Official Vehicle for BFA (ICC, South Gate Plaza)
18:00 - 20:00 Volvo Ocean Race Theme Cocktail (Sofitel Hotel, Leisure Bar - Wan Quan Swimming Pools Area )
19:00 – 20:30 Buffet Dinner (Sofitel Hotel, Asiana Restaurant, Le Mistral and Symposium)
20:30 - 22:00 FMG Cocktail Party (Sofitel Hotel, Symposium Restaurant, Balcony) (Invitation Only)
20:30 - 22:00 The ChateauSungod GREATWALL Tasting Party (ICC, Level 1, Peacock 1)
20:45 - 22:15 Capital Market: Financing the Transformation of Asian Economies (Sofitel Hotel, Oriental Theatre, 1st Floor) The Launch of a Second Board in China is truly encouraging for the ongoing economic transformation in China – a positive signal to investors and entrepreneurs that capital markets rewards innovation and an enterprising spirit. How can capital markets help to facilitate the transformation of Asian economies? What can we learn from mature markets? Are there going to be any further major developments in the foreseeable future? Moderator: QIN Shuo, Chief Editor, China Business News Panelists: Henry PAULSON, the 74th United States Treasury Secretary
SCHIVE Chi, Chairman, Taiwan Stock Exchange
Anthony BOLTON, President – Investments, Fidelity International
Erh-Fei LIU, Managing Director, Country Executive and Head of Corporate & Investment Banking, China, Bank of America and Merrill Lynch Charles LI, Chief Executive, Hong Kong Stock Exchange
21:30 - 23:30 Bank of America Merrill Lynch Jazz Night (Sofitel Hotel, 2nd Floor, Lobby Bar )
Saturday, April 10
09:30 – 11:00 Opening Plenary: “Green Recovery: Asia’s Realistic Choice for Sustainable Growth” (ICC, Level 2, BFA Main Hall) Moderator: LONG Yongtu, Secretary General, Boao Forum for Asia Welcome Remarks: Fidel RAMOS, Chairman, Boao Forum for Asia Keynote Speeches: XI Jinping, Vice President, People’s Republic of China CHOUMMALY Sayasone, President, the People’s Democratic Republic of Laos Lars Lokke RASMUSSEN, Prime Minister, Kingdom of Denmark Sukhbaatar BATBOLD, Prime Minister, Mongolia Mohammad Reza RAHIMI, First Vice President, Islamic Republic of Iran Karim HALILI, Vice President, Islamic Republic of Afghanistan Jose Luis GUTERRES, Deputy Prime Minister, Democratic Republic of Timor-Leste Corporate Representatives:
Mohamed AL-MADY, Vice Chairman & CEO, Saudi Basic Industries Corp
Andrew FORREST, Chief Executive Officer, Fortescue Metal Group
Par OSTBERG, Senior Vice President, Volvo Group
11:15 - 12:30 From G8 to G20: New Architecture, New Rules, New Players (Sofitel Hotel, Oriental Theatre, 1st Floor) The rise of emerging economies has put an end to the dominance of G8 in global economy and given birth to a new grouping – G20. G20 means far more than a mere inclusion of 12 new members. It marks a major departure from the status quo. People look forward to seeing a greater role by emerging economies and a new set of rules on global governance. In this session, heads of key international organizations, central bankers, economists and business leaders will share their thoughts on how the new architecture will evolve and its implications for the world economy. Moderator: C. Lawrence GREENWOOD Jr., Vice President, Asian Development Bank Panelists: ZHOU Xiaochuan, Governor, People’s Bank of China Juan Jose DABOUB, Managing Director, the World Bank
Robert HORMATS, Under Secretary of State, USA Rajan Bharti MITTAL, Vice Chairman & Managing Director, Bharti Enterprises; President, FICCI, India Jean-Pierre LANDAU, Deputy Governor, Bank of France
Gerry GRIMSTONE, Chairman, Standard Life
11:15 - 12:30 Rethinking Growth (ICC, Level 1, Dong Yu Grand Ballroom A) Export-led growth models have proven vulnerable. Environment and resource restraints condemn heavy pollution and high energy/resource consumption. Asia must change its growth paths, though the transformation will inevitably be a protracted and painstaking process. Do governments have the political will and vision to make bold changes? Are there any successful examples to follow? How to manage the transition? What policies are expected from the government? How should companies adjust their strategies accordingly? Moderator: RUI Chenggang, Director & Anchor, China Central Television Panelists: Shaukat AZIZ, Former Prime Minister, Pakistan
ZHANG Xiaoqiang, Vice Chairman, National Development and Reform Commission, China LEE Yoon-woo, Vice Chairman, Samsung Electronics N. CHANDRA, Managing Director & CEO, Tata Consultancy Services Yoichi FUNABASHI, Editor-in-Chief, Asahi Shimbun, Japan Daigee SHAW, President, Chung-Hua Institution for Economic Research
12:45 - 14:15 Luncheon Session: Trade Protectionism – A Real Threat to Recovery (ICC, Level 1, Dong Yu Grand Ballroom C&D) Reassurance made at the G20 Summit are not enough to dispel concerns about the steady rise of trade protectionism; sentiments of economic nationalism has compelled governments to take short-sighted trade measures, which have posed a real threat to a fragile global recovery. The Doha Round, however, remains ineffective. Does global trade liberalization still have a future? What can be done to curb trade protectionism? Are regional bilateral and multi-lateral trade agreements a viable alternative reducing trade protectionism? Moderator: Victor FUNG, Chairman, International Chamber of Commerce; Chairman, the Li & Fung Group Panelist: Lars Lokke RASMUSSEN, Prime Minister, Denmark GOH Chok Tong, Senior Minister; Chairman, Monetary Authority of Singapore
YI Xiaozhun, Vice Minister of Commerce, China Mikio SASAKI, Chairman of the Board, Mitsubishi Corporation
14:30 - 15:45 Merger & Acquisition: Ideal vs. Reality (ICC, Level 1, Dong Yu Grand Ballroom A) For Asian companies attempting to “go out”, cheap and lucrative deals seem to be everywhere. However, the complexity and uncertainty of overseas M&A often results in a number of failures. Primarily, companies must fully understand the target enterprise, the legal and social circumstances and possible political barriers. Equally important, but often ignored, are post-M&A problems such as corporate cultural differences, management team frictions, trade union conflicts, community relations and environmental requirements. What experiences and lessons can be learned from those who have tested the water? Moderator: Martin SOONG, Anchor, CNBC Panelist: Mohamed Al-Mady, Vice Chairman & CEO, Saudi Basic Industries Corp.
Max Burger-Calderon, Non-Executive Chairman, Apax Partners Asia
Russell SCRIMSHAW, Executive Director, FMG XIONG Weiping, General Manager, Aluminum Corporation of China Par OSTBERG, Senior Vice President, AB Volvo
14:30 - 15:45 Counter-Cyclical Strategies: Thinking Ahead (ICC, Level 1, Dong Yu Grand Ballroom B) To survive volatile economic cycles and grow in adversity, entrepreneurs must think ahead with vision, good judgement and nerve. In good times, level-headedness is a necessity to curb impulse buying and irresponsible expansion. In bad times, visionary leaders are not subdued by fear or pessimism. By retaining and recruiting talents, increasing R&D and innovation input and sensible M&A, they sow the seeds for future growth and excellence. In this session, CEOs and economists will share their experiences and expertise on counter-cyclical strategies. Moderator: William POWELL, China Bureau Chief, Time and Fortune Magazines Panelists: Klaus ENGEL, Chairman of the Executive Board, Evonik Industries AG B. MUTHURAMAN, Chairman, Tata International Limited Jaime Augusto Zobel de AYALA, Chairman & CEO, Ayala Corporation Madhu KONERU, Executive Vice Chairman, MEC Holdings
16:00 - 17:15 Low-Carbon Energy: Can Asia Lead the World? (ICC, Level 1, Dong Yu Grand Ballroom A) Despite robust growth, Asian economies are mostly seen as latecomers or challengers in traditional industries. The financial crisis and global policies on climate change have forced Asia into painstaking restructuring and transformation. Beyond the pain, however, those with vision do see a rare opportunity for Asia to lead the world – low carbon energy. Will it have as revolutionary an impact on the economy as the Internet? Is Asia well-placed in this field? What are the technological, market and policy restraints? Do governments have any short- and long-term solutions? Will Green Recovery be a real choice for Asia to emerge out of the crisis as the front runner? Moderator: Thomas CRAMPTON, Asia Pacific Director, 360 Digital Influence, Ogilvy Public Relations Worldwide Panelists: Jairam RAMESH, Minister of State for Environment and Forests, India FU Chengyu, President, CNOOC Tulsi TANTI, Chairman & Managing Director, Suzlon Energy, India John Paul BROEDERS, Chairman of the Executive Board, Royal Vopak
Robert DUDLEY, Executive Director & Executive Vice President, BP Group
DING Lei, Vice President, SAIC Motor; President, Shanghai GM
Kim FAUSING, COO, Danfoss A/S
Ja Young KOO, President & CEO, SK Energy
16:00 - 17:15 Move to Consumption – Asian Style (ICC, Level 1, Dong Yu Grand Ballroom B) Low consumption levels have been a problem in Asia, which partly explains why Asian economies depend heavily on exports to Europe and the US and why “decoupling” from the financial crisis is not possible. Thrift is often cited. However, Asian consumers hesitate to spend for other reasons, too. What are the structural factors that subdue Asian consumption? What can be done to stimulate domestic demand? Environment and resource pressures mean that Asians can not spend the American way. How different will the consumption behavior of Asians be? Moderator: Yansong BAI, Anchor, China Central Television Panelists: FAN Gang, President, National Economic Research Institute, China
CHEN Zhi Wu, Professor of Finance, Yale School of Management LIU Changle, Chairman & CEO, Phoenix Satellite TV Stephen KEHOE, Vice President, PepsiCo
17:30 - 18:45 Business Environment: Nothing as Usual after the Crisis? (ICC, Level 1, Dong Yu Grand Ballroom A) It’s no longer “Business As Usual”. As governments and economists reexamine the health of their national economies, CEOs are struggling to understand what all this mean to their businesses. To what extent is the business environment different from the pre-crisis days, from both macro and micro perspectives? Where are the risks? Are there opportunities? What are the suggestions for CEOs? Moderator: XIANG Bing, Founding Dean, Cheung Kong Graduate School of Business Panelists: Michael TRESCHOW, Chairman, Ericsson
CHEN Feng, Chairman, HNA Group Harsh Pati SINGHANIA, Managing Director, J K Paper Ltd, India WEI Jiafu, President & CEO, COSCO Group ZHANG Ya-Qin, Corporate Vice President, Microsoft Corporation
17:30 - 18:45 Deregulation: Unleashing the Power of the Private Sector (ICC, Level 1, Dong Yu Grand Ballroom B) Unprecedented stimulus packages have brought governments back to prominence in economy. However, this does not diminish the importance of the private sector for employment, tax and sustainability of economic growth. Particularly as Asia transforms, the private sector has a larger role to play in sustaining investments and stimulating domestic consumption. To release the power of the private sector, governments must allow them greater access to banking, telecommunications, petro-chemical industries, education and healthcare, and ensure that private enterprises and capital play on a level field with their state-owned counterparts. Deregulation is the key. Moderator: HU Shuli, Editor-in-Chief, CAIXIN Media; Dean, School of Communication & Design, Sun Yat-sen University Panelists: XU Xiaonian, Professor, China Europe International Business School
K. K. MODI, Chairman, Modi Enterprises; President, Godfrey Phillips India
Christina Y. LIU, Chief Economist & Chief Economic Advisor, Chinatrust Financial Holding Co. Ltd
James LAMBRIGHT, Former Chairman & President, Export-Import Bank, US ZHANG Yue, President, Broad Air Conditioning Co. Ltd LI Jiange, Chairman, China International Capital Corporation 19:15 - 20:45 “Night of Boao” Cultural Performance & Fireworks Display (Buffet Served) (Dong Yu Island, BFA ICC Golf Club)
21:00 – 22:30 Redefine the Role of Real Estate (ICC, Level 1, Dong Yu Grand Ballroom A) The Asian economy is facing challenges in restructuring and sustaining growth. How can the real estate industry redefine its role in such a transformation? Will the stimulus packages create another property bubble even before the economy gets back on track? Will exorbitant housing prices compromise consumption elsewhere, burden companies with increasing costs and reduce the competitiveness of a city? How should the housing market reform live up to people’s expectations of affordable housing? Moderator: WANG Yongping, Secretary General, China Commercial Real Estate Association (CCREA) Panelists: CHEN Huai, Director General, Policy Research Center, Ministry of Housing and Urban-Rural Construction PAN Shiyi, Chairman, SOHO China Ltd.
Vincent H. S. LO, Chairman, Shui On Group CHEN Guoqiang, Vice Chairman, China Real Estate Society
Sunday, April 11
07:30 – 09:00 Breakfast Session: Alternative Investments in Asia (ICC, Level 1, Peacock I) (Invitation Only) As the economic crisis swept the global financial markets, sovereign wealth funds were negatively affected strongly, with many of them reporting heavy portfolio value declines, particularly relative to their investments in financial services companies. While CIC had only invested in a few financial services companies, their value decline nevertheless impacted CIC’s overall portfolio returns, even though most of CIC’s portfolio was invested in short-term, liquid instruments as CIC was just getting organized. As a result, at the end of 2008, CIC’s overall performance was in the upper quartile vs. most SWFs. As the crisis began to subside in early 2009, CIC became an active global investor. Dr. Gao Xiqing will discuss the impact of the financial crisis on CIC, lessons learned and how it has impacted investment plans and strategy going forward. He will also discuss CIC commitment to transparency in reporting and provide his thoughts on the global investment climate. Moderator: WANG Boming, Chairman, the Stock Exchange Executive Council Speaker: GAO Xiqing, President, China Investment Corporation 07:30 – 09:00 SK Breakfast Session: Current Status and Prospect of the Chinese Economy (ICC, Level 1, Peacock 2) (Invitation Only)
09:00 – 10:15 Beyond Chiang Mai Initiative: Regional Financial Cooperation in Asia (ICC, Level 1, Dong Yu Grand Ballroom A) Regional financial cooperation in Asia was not taken seriously until the 1997 Financial Storm hit. CMI and the “ASEAN plus 3” forex reserve pool mark a big step in the right direction. Meanwhile, the IMF is reinventing itself to become more effective and influential whereas the EU is preparing the proposal of a European Monetary Fund. Against such a backdrop, what’s next for Asia’s regional financial cooperation? Do governments have the political will and institutional plans to broaden and deepen regional financial cooperation? The panel is expected to provide some innovative ideas. Moderator: Tom EASTON, Asia Business Editor, the Economist Panelists: Tun Abdullah bin Haji Ahmad BADAWI, 5th Prime Minister, Malaysia Suwondo Gatot MUDIANTORO, President Director, BNI, Indonesia ZHENG Xinli, Permanent Vice Chairman, China Centre for International Economic Exchanges
Yasuyo YAMAZAKI, President, Sun-Based Economy Association
ZHENG Xiaosong, Director General, Ministry of Finance, China
09:00 – 10:15 Emerging Markets: Time to Turn to One another (ICC, Level 1, Dong Yu Grand Ballroom B) Emerging economies do not necessarily have to “look west” for inspiration, experience and powerful markets. They have much to learn from one another, and much to gain from trade and investment amongst themselves. This session is designed to compare growth paths, competitiveness, weaknesses and the potential of major emerging economies, and explore the prospect of Intra-Emerging-Markets cooperation. Moderator: Jason DEAN, China Business Editor, Wall Street Journal Panelists: DAI Xianglong, Chairman, National Council for Social Security Fund, China
DO Huu Hao, Vice Minister, Ministry of Industry and Trade, Vietnam
Amit MITRA, Secretary General, Federation of Indian Chambers of Commerce and Industry (FICCI) Azman MOKHTAR, Managing Director, Khazanah Nasional Bhd, Malaysia Donald KANAK, Chairman, Prudential Corporation Asia
Gita WIRJAWAN, Chairman, Indonesian Investment Coordinating Board
10:15 - 10:30 Coffee Break
10:30 - 11:45 21st Century Finance, 21st Century Regulation (ICC, Level 1, Dong Yu Grand Ballroom A) 21st century Finance, 20th Century Regulation. Global flow of capital is not matched by global regulation. The World Financial Organization (WFO) is not even mentioned much, let alone play a major role similar to the WTO. High hopes have been placed on the Financial Stability Board and the IMF. Can they do the job effectively? What reforms are necessary? What shall the 21st Century regulation be like? Which risks may disrupt the financial system if not properly handled? Are we ready for them in terms of early warning, safeguard and response mechanism? Moderator: Stephen ENGLE, Reporter, Bloomberg Television Panelists: LIU Mingkang, Chairman, China Banking Regulatory Commission
Isaac SOUEDE, Chairman & CEO, Permal Group
Jia-Dong SHEA, Chairman, Taiwan Academy of Banking and Finance and Taiwan Financial Services Roundtable
Fred Hu, Chairman, Greater China, Goldman Sachs
Mark DANCHAK, Managing Director, Harbinger Capital Partners
10:30 - 11:45 Corporate Governance: Learning Lessons from the Crisis (ICC, Level 1, Dong Yu Grand Ballroom B) Poor corporate governance is partly blamed for the crisis. Well-established governance structures, principles and practices in the US have been questioned. Asia, used to turning to the West for enlightenment, may need to think for itself about ownership structures, board compositions, executive compensation and incentive schemes. Moderator: Deborah KAN, Anchor, Thomson Reuters Panelists: SHAO Ning, Vice Chairman, State Assets Supervision and Administration Commission (SASAC), State Council, China James QUIGLEY, Chief Executive Officer, Deloitte Touche Tohmatsu Antony LEUNG, Senior Managing Director, the Blackstone Group Alberto WEISSER, Chairman & CEO, Bunge Limited Lord Leon BRITTAN, Vice Chairman, UBS Investment Bank GUAN Jianzhong, Chairman & President, Dagong Global Credit Rating 12:00 - 13:30 Luncheon Session: China and India – Cooperation in the 21st Century (ICC, Level 1, Dong Yu Grand Ballroom C&D) Government and business leaders of both countries have come to appreciate the importance of cooperation. As a result, trade has grown substantially. Meanwhile, there is a level of healthy competition between the two countries and business communities – particularly in the quest for energy to fuel their economies. How expansive can the mutual trade become? What will be the level of cooperation in technology development, particularly clean tech and IT? Can the two economies learn from each other and cooperate in areas such as China expanding domestic consumption and IT and India improving infrastructure and manufacturing capacity? How will Chin and India work together as Asia continues to become a significant part of the global economy, and as two key representatives of the developing world? Moderator: Steve DAHLLOF, President & CEO, Asia Pacific, Ogilvy PR Worldwide Panelists: Jairam RAMESH, Minister of State for Environment and Forests, India LONG Yongtu, Secretary General, Boao Forum for Asia Amit MITRA, Secretary General, Federation of Indian Chambers of Commerce and Industry (FICCI) FAN Gang, President, National Economic Research Institute, China 14:00 - 15:30 BFA Across-Straits Business Roundtable: Opportunities Arising from the ECFA (ICC, Level 1, Dong Yu Grand Ballroom A) Preparations for the Economic Cooperation Framework Agreement (ECFA) across the Taiwan Straits are underway in an increasing pace, as both sides share the goal of trying to sign it before the mid-year. What opportunities will the signing of the Agreement present to economic growth and sector-wise cooperation across the Taiwan Straits? How can both sides strengthen cooperation and achieve win-win? Business leaders across the Straits will sit down to examine the opportunities and prospect of cooperation with the ECFA coming into effect. Co-Chairs: DAI Xianglong, Chairman, National Council for Social Security Fund, China
Fredrick F CHIEN, Senior Advisor, Cross-Strait Foundation
14:00 - 15:30 Boao TV Debate: Asian 2010 (Sofitel Hotel, Oriental Theatre, 1st Floor) While the world pins its hopes on Asia to lead the way for a global recovery, the region’s fundamentals remain a source of concern for policymakers and corporations alike. The pressures of change have highlighted Asia’s dilemma in walking the tightrope between prudence and growth. In times of crisis, public support measures have given a much necessary boost to domestic needs but as the tide turns, issues like inflation and asset bubbles have surfaced, posing new challenges and risks to tackle. This TV debate will explore whether Asia is ready to stand on its own feet, its ability to adapt successfully to a new growth model less reliant on the buying power of the West and a closer look at the steps needed to pave the way to a stable economic landscape for Asia’s future. Moderator: Martin SOONG, Anchor, CNBC Panelists: CHEN Zhi Wu, Professor of Finance, Yale School of Management R. GOPALAKRISHNAN, Executive Director, Tata sons Yasuyo YAMAZAKI, President, Sun-Based Economy Association
16:00 - 17:30 TV Forum: World Expo 2010 – Better City, Better Life (ICC, Level 1, Dong Yu Grand Ballroom B) Shanghai World Expo is less than 20 days away under the them of Better City, Better Life. Can the super-city model of Shanghai, Tokyo and New York be sustained? How to ease the tension between urbanization and energy/ecological restraints? How to deal with the challenge of conflicts among diverse cultures? What is the trend of urban-rural relationship? How will the World Expo help with China’s going global? Panelists: LONG Yongtu, Secretary General, Boao Forum for Asia
ZHOU Hanmin, Vice Chairman, Executive Committee, Shanghai World Expo
18:30 - 19:00 Press Conference (ICC, Level 1, Peacock I)
19:00 - 20:30 Closing Dinner (Sofitel Hotel, River Ranch BBQ Restaurant)
