中国LSE China Conference 2016Power Shifts: The Rise of Global Chinese Business

Beijing 16 August 2016

LSE Facts• 9,600 students from

140 countries

• 16 Nobel Prize Winners have been LSE staff or alumni

• 37 past or present world leaders have studied or taught at LSE

• International faculty – 46 per cent LSE staff from outside the UK.

I am delighted to welcome you to the LSE China Conference 2016.

The focus of this evening’s conference is “Power Shifts: The Rise of Global Chinese Business”. Almost nine years after the start of the “Great Recession” in the West, the global economy remains fragile. China’s recent economic challenges have been well documented. The uncertainty from China is only part of a complicated global picture for 2016 and beyond. We have the difficulties for the European Union with the recent BREXIT referendum, and a US Presidential election later this year highlighting deep divisions within American society, which will likely impact on future US foreign policy from 2017 onwards.

Back in 2007, the USA and Europe were at the eye of the economic storm impacting on China and the rest of the world. To date 2016 demonstrates how dependent the rest of the world has become on China to drive growth, with the current Chinese economic reforms having global implications. These global implications have not been confined to economics and politics, where the power shifts are clearly apparent, but in more recent years also extend to the world of business.

This evening LSE academics are joined by leading economists, senior executives from Chinese corporations, and opinion shapers to discuss how China is re-shaping the international economic and business environment. We will have two keynote speeches on business and economics, followed by a series of talks and discussions on Chinese financial services. As always there is much time for questions and debate, and I trust that all participating this evening will enjoy this annual LSE event.

Paul Kelly

LSE Pro-Director

中国

China Conference 2016 • Beijing • 1

Contents1 Welcome Message – Paul Kelly

2 Be Part of the Change – The LSE Campus

2 LSE and East Asia

3 Supporting LSE Students from China

3 LSE Programmes in East Asia

4 Programme Outline

6 Speakers

8 Graduating Students

Supporting LSE Students from China

The London School of Economics and Political Science is built upon a foundation of generous support for our students and academic research. One of the School’s earliest gifts came from Charlotte Payne Townsend Shaw who established a trust to support a research studentship in the early 1930s.

LSE’s financial aid budget has nearly doubled since 2007,

with the university now providing more than £17 million

in need-based aid per year. Today, more than 40 per cent

of undergraduates accepted into LSE receive bursaries and

scholarship support directly from the School. More monies,

including named and targeted scholarships are provided at the

Masters level, with the objective that all PhD students enrolling

at LSE having financial support from LSE, or elsewhere, to

support their research studies.

There were 1,098 students (out of a total of 9,600) from China

studying at LSE in 2015/16. LSE is committed to providing

more scholarships, particularly endowed scholarships to the

best students from China, who may not otherwise be able to

afford an LSE education. If LSE is to meet the expectation of

its students and realise the ambitious goals to reach the best

students in China, and elsewhere, we need philanthropic gifts

from LSE Friends and Alumni in China.

Further details on Supporting LSE: lse.ac.uk/supportingLSE/supportingHome.aspx

If you are interested in supporting Chinese students to LSE or

other LSE China programmes then contact Dr Brendan Smith on

b.p.smith1@lse.ac.uk

LSE and East Asia

Since its foundation, in 1895, LSE has developed links with China and the East Asia region, with Sidney and Beatrice Webb visiting in 1911 and 1912.

Today at LSE there are over 3,000 students and 17,000+ alumni

from the East Asia region. Alumni in China and Hong Kong make

up a sizeable part of this number, with over 5,500 and 3,000,

respectively in each location.

LSE has always pursued its objectives to understand and improve

society through impartial study on a global basis. For decades,

China and Asia have been an important focus of LSE’s attention

and activities. We have joined forces with universities in the

region to offer a variety of collaborative teaching and research

activities comprising double degree programmes, dual degree

programmes, a Summer School, joint research projects, PhD

exchanges, as well as conferences and workshops.

Since the last LSE China Conference the School has developed

a range of new programmes in the region. In May 2016 Fudan

University became LSE’s second institutional level strategic

partner in China, joining Peking University as one of LSE’s seven

global partners. LSE launched a new Dual Masters in Public

Administration with the University of Tokyo, and the School is

furthering its engagement in and with Japan. As recognition

of the strategic importance of the region, Professor Paul Kelly,

Pro-Director (Vice President) for Teaching and Learning has been

tasked by LSE Council to lead on the School’s relations in East Asia.

For more information on LSE, China and East Asia visit: lse.ac.uk/intranet/LSEServices/LSEinEastAsia

Be Part of the Change – The LSE Campus

LSE is located in the centre of London, and the LSE campus is undergoing the most significant changes in our 121 years since establishment.

The School plans to invest £500 million on re-development over the next ten years. Houghton Street, the centre of the LSE campus will be home to two new buildings – Centre Buildings – purpose built for teaching and learning, and a new home for departments in Government, International Relations, the European Institute, and the International Inequalities Institute and related research centres. The buildings will open for use in 2019.

From late 2018 LSE will also construct the new Paul Marshall Building on Lincoln Inn Fields. The building will include teaching and learning space, and house Departments of Management, Accounting, Finance and related research centres. The building will be ready for occupation in early 2021.

LSE has an extensive range of sponsorship opportunities for these building developments, with naming rights for rooms, teaching space and events space.

Support LSE on its major campus redevelopment and be part of the future of world leading teaching and research on the social sciences.

Further information, contact Dr. Brendan Smith on b.p.smith1@lse.ac.uk

© Rogers Stirk Harbour + Partners

2 • China Conference 2016 • Beijing China Conference 2016 • Beijing • 3

LSE Programmes in East Asia• LSE-Peking University Double Masters in International Affairs

• LSE-Peking University Double Masters in Public Administration and Government

• LSE-Fudan University Double Masters in Global Media and Communications

• LSE-Fudan Intensive Summer Mandarin Programme (Fudan University)

• LSE-Fudan Specialist Social Science English Programme (LSE)

• LSE-Peking University PhD Mobility Programme

• LSE-Fudan University PhD Exchange in Development Studies

• LSE-Peking University Summer School

• LSE-University of Tokyo Dual Masters in Public Administration

• LSE-University of Tokyo PhD Exchange in Economics and Economic Related Disciplines

• LSE-Waseda University PhD Exchange in International Relations

• LSE-Hitotsubashi University Lecture Series

• LSE-National University of Singapore Dual Masters in Public Administration

• Confucius Institute for Business in London (LSE and Tsinghua University)

• LSE China Lecture Series

• LSE Visiting Fellows Programmes – East Asia region.

Programme Outline 5.40-5.45pm Welcome and Introduction

Professor Paul Kelly, Pro-Director, LSE

Keynote Speech

5.45-6.15pm Cultivating Global Talent, Chen Lifang, Corporate Senior Vice President and Director of the Board, Huawei Technologies Co.

6.15-6.25pm Questions and Answers moderated by Chair

Chair: Professor Paul Kelly, (Pro-Director) and Department of Government, LSE

Spotlight on LSE Research

6.25-6.35pm Circular Mobility of Global Talent and Transnational Entrepreneurship, Fei Qin, Assistant Professor, Department of Management, LSE

Keynote Speech

6.35-7.15pm Is China’s Economic Growth Sustainable without Essential Political Reform?, Zhang Weiying, Sinar Mas Chair Professor of Economics, National School of Development, Peking University

7.15-7.30pm Questions and Answers moderated by Chair

Chair: Professor Paul Kelly, (Pro-Director) and Department of Government, LSE

7.30-8.10pm Tea and coffee and buffet dinner

8.10-9.40pm Chinese Financial Services

Global Concern – China’s Bond Market, Zhang Zhijun, General Manager, United Credit Ratings Co., Ltd

China’s Financial Markets: Challenges and Opportunities, Tang Ya, Assistant Professor of Finance, Guanghua School of Management, Peking University

Opportunities and Challenges for Chinese Global Professional Services, Zhang Junshu, CPA, Senior Partner of BDO China Shu Lun Pan Certified Public Accountants LLP

Questions and Answers moderated by Chair

Chair: Xu Moqi, Assistant Professor of Finance, LSE Department of Finance

9.40-9.45pm Closing Remarks Professor Paul Kelly, LSE Pro-Director

China Conference 2016 • Beijing • 54 • China Conference 2016 • Beijing

Speakers Chen Lifang

Ms Chen Lifang is the Corporate Senior Vice President of Huawei and a Director of the company’s Board. She oversees Huawei’s global functions in the areas of public affairs, including government affairs and media affairs. Over the past two decades, Ms Chen

has led the company’s public affairs to move forward, always adhering to the concepts of “seeking the truth from facts” and “advancing with the times”. She has helped Huawei adapt to the rapidly changing and complicated external environment, and has supported the company’s global business development and steady and continuous operations.

Through her deep insights into the global macro environment and in-depth understanding of the ICT industry, Ms Chen has played an important role in increasing Huawei’s transparency and openly communicating with governments, the media, and other stakeholders all over the world. Her unremitting efforts have helped the company develop its thought leadership, earn stakeholders’ trust, and build a favorable business environment.

Since joining Huawei in 1995, Ms Chen has held several senior roles within the company, including President of the Public Affairs and Communications department, Deputy Director of the Domestic Marketing Management Office, Vice President of the International Marketing department, and Chief Representative of the Beijing Representative Office.

Paul Kelly 

Paul Kelly is currently Vice President (Pro-Director) for Teaching and Learning at LSE. He joined the School in 1995 after teaching for five years at the University of Wales Swansea. Prior to that he held a visiting research fellowship at the University of Chicago Law School and

at the Bentham Project, University College London. He graduated from York University with a First in Philosophy and an MA in Political Theory. His PhD is from the University of London, where he spent two years at LSE and a further year at UCL.

Paul’s current research interests include political ideas in British politics and policy-making including multiculturalism; group rights and national identity; equality of outcomes and equality of opportunity and theories of social justice; theories and concepts in modern political theory including especially the development and distinctiveness of British Political Ideas from the seventeenth century; and political ideologies and political ideas from the Ancient Greeks to the present.

Fei Qin

Dr Fei Qin is on the faculty of Management at LSE. She holds a PhD in management from Massachusetts Institute of Technology (MIT)and a BA in economics from Peking University. Her research focuses on entrepreneurship and innovation ecosystems, talent management

and international mobility of highly skilled personnel, and global production networks. Her work covers both technology entrepreneurship and business model innovation. Dr Qin’s research has been published in leading innovation and entrepreneurship journals such as Research Policy and Strategic Entrepreneurship Journal. One of her papers was selected by Emerald as among the top 50 academic articles in management worldwide in 2007. At LSE Dr Qin teaches Master courses on entrepreneurship and the global market and PhD courses on management. She has been a core member of the research team of the Innovation Co-Creation Lab. She was Phelan Fellow at the International Labour Organisation in Geneva, Switzerland in 2005.

Tang Ya

Tang Ya is an Assistant Professor of Finance at Guanghua School of Management, Peking University. Her research interests are in asset pricing, financial institutions and information economics. Her current research focuses on information transmission and production

in financial markets and related regulation issues. Her research is supported by National Natural Science Foundation of China. Professor Tang completed her MA in Economics at the University of British Columbia and her PhD in Finance at McGill University.

Xu Moqi

Dr Moqi Xu is Assistant Professor in the Department of Finance at LSE. She holds a PhD from INSEAD, an HHL, Diplom-Kauffrau from Leipzig Graduate School of Management, and an MBA from A. B. Freeman School of Business, Tulane University. Her research focuses

on corporate governance and corporate finance, including capital structure, mergers and acquisitions, and rights offerings.

Zhang Junshu

Zhang Junshu, CPA, is a senior partner of BDO China Shu Lun Pan Certified Public Accountants LLP. Before joining BDO, Mr.Zhang was a partner of RUIHUA Certified Public Accountants, and PKF China (Daxin Certified Public Accountants). Zhang served as an outside

director of Beijing Capital Agribusiness Group, and the independent director of Guangzhou Seagull Kitchen and Bath Products Co. Ltd.(002084) and Borland (IPO). He served for a number of central enterprises, private enterprises, foreign commercial enterprises, companies applying for listing and public companies. Mr. Zhang is a seasoned professional in accounting, auditing, and management consulting with over 18 years of rich practice and experience in corporate financial management, internal control, risk management, acquisition and reorganization, IPO corporations, and economic responsibility audit in a wide range of industries including IT, new energy, iron and steel industry, real estate, and research institutions.

Mr. Zhang holds an EMBA from Peking University’s Guanghua School of Management.

Zhang Weiying

Zhang Weiying is currently Sinar Mas Chair Professor of Economics at the National School of Development, Peking University. He was born in 1959 in Shaanxi Province, and received undergraduate and graduate training in economics from Northwest University (China).

His radical ideas for price reform presented at the Mount Mogan Conference landed him a position at the Economic System Reform Institute in 1984. In 1990, he attended Oxford University and obtained his D.Phil. in Economics in 1994. He co-founded the China Center for Economic Research (CCER) of Peking University.

Since 1997, Professor Zhang has taught economics at Peking University (PKU), and was the Dean of the Guanghua School of Management between 2006 and 2010. In July 2014 he moved from PKU’s Guanghua School of Management to PKU’s National School of Development (formerly named CCER). He has been the Chief Economist for the China Entrepreneurs Forum since 2001.

Professor Zhang is widely regarded as the leading advocate of the free market in China as well as an authority on the theory of the firm and ownership reform. His insightful and provocative opinions about China’s reforms have been widely reported both in Chinese and international media. The Wall Street Journal called him “China’s Anti-Keynesian Insurgent.” He has received several prestigious awards in China. In 2011, he received the China Economic Theory Innovation Award for his pioneering contribution to the dual-track price reform.

His publications include An Entrepreneurial-Contractual Theory of the Firm (1995); Game Theory and Information Economics (1996); The Theory of the Firm and Chinese Enterprise Reform (1999); Information, Trust, and the Law (2003); Ownership, Incentives, and Corporate Governance (2005); Core Competence and Growth of the Firm (2006); Prices, the Market, and Entrepreneurship (2006); Thirty Years of Chinese Reform (2008); the Logic of the Market (2010); The Road to the Market (2012); Games and Society (2013); and New Enlightenment for Reform (2014).

The English version of his book The Logic of the Market: An Insider’s View of Chinese Economic Reform has just been published by the Cato Institute Press.

Zhang Zhijun

Zhang Zhijun is General Manager of United Credit Ratings Co., Ltd. He is also a part-time professor at Beijing Jiaotong University. He is Deputy Director of the Securities Credit Rating Professional Committee in China Securities Industry Association; Vice President

of China Academy of Asset Securitization; Co-director, China Securities Industry Association research project evaluation expert group; Member of China Insurance Registered Professional Asset Management Association; Director of China Wealth Management 50 people BBS; expert tutor of United Credit Ratings Co., Ltd. postdoctoral workstation, and Tsinghua University MBA extramural academic advisor.

Zhang Zhijun, has over ten years experience in enterprise management and credit rating and is an expert at enterprise credit risk and project investment analysis. He has undertaken intensive studies on the rating agencies internal management systems, and rating industry regulatory policy, establishing the management system and method of rating for United Credit Ratings Co., Ltd. Over his career he has made a number of regulatory policy recommendations. He has published several articles and research reports in China Securities and the Financial Times and other journals. He participated in the compilation of the “Asset Securitization: Theory, Risk and Rating”, “China’s Securities Market Development Report” and other monographs.

6 • China Conference 2016 • Beijing China Conference 2016 • Beijing • 7

Graduating Students

LSE held its seventh China graduation ceremony on the afternoon of Tuesday 16 August, in Beijing, to coincide with the LSE China Conference 2016. Those who graduated at the Beijing ceremony in 2016 were:

Cai Jingjing, MSc in Finance (full-time)

Cai Shuning, MSc in Media and Communications

Cao Shiruo, MSc in Statistics (Financial Statistics) (Research)

Cheah Wan Jin, BSc in Economics

Chen Mengxue, MSc in Population and Development

Ci Dandi, MSc in Management and Strategy

Deng Shan, MSc in Population and Development

Ding Xin, MSc in Econometrics and Mathematical Economics

Dong Xinxin, MSc in Accounting and Finance

Duan Sitiemeng, MSc in Social Policy (Research)

Fang Hui, MSc in Risk and Finance

Feng Jinge, BSc in Economics

Fu Xintian, MSc in Social Policy and Development

Gai Boming, MSc in Politics and Communication

Gao Yuju, MSc in Management Science (Operational Research)

Gu Gaoyuan, MSc in Management and Human Resources

Guo Jinyu, MSc in Management of Information Systems and Digital Innovation

Guo Ming, MSc in Information Systems and Organisations (Research)

Han Henan, MSc in Management Science (Operational Research)

Hu Xinyi, MSc in Accounting and Finance

Jiao Qian, MSc in Management, Information Systems and Innovation (MISI)

Li Changle, MSc in China in Comparative Perspective

Li Jie, Master of Laws

Li Weiran, MSc in Global Politics

Li Yan, MSc in Sociology

Li Yang, MSc in Social Policy and Development

Li Yixia, MSc in Accounting, Organisations and Institutions

Liu Fanxi, MSc in Social Policy (Research)

Liu Wanlin, MSc in Management and Strategy

Liu Xia, MSc in Management of Information Systems and Digital Innovation

Liu Yi, MSc in Population and Development

Liu Yifei, MSc in Media and Communications

Liu Ying, MSc in Accounting and Finance

Liu Yuxin, MSc in Philosophy and Public Policy

Lu Wenjia, MSc in Global Media and Communications (LSE and USC)

Ma Sai, MSc in International Health Policy (Health Economics)

Miao Zhengang, MSc in Finance and Private Equity

Ou Wenyin, MSc in Social Policy and Development

Pan Xitong, MSc in Media and Communications

Pu Kexin, MSc in Management Science (Decision Sciences)

China Conference 2016 • Beijing • 9

Qiu Ling, MSc in China in Comparative Perspective

Qiu Shuang, MSc in Management Science (Operational Research)

Qu Fangchen, MSc in Social Policy (Social Policy and Planning)

Shao Danlei, MSc in Media, Communication and Development

Shen Huangnan, BSc in Management

Shi Guangjie, MSc in Management Science (Operational Research)

Shi Yue, MSc in Organisational and Social Psychology

Song Xilin, BSc in Government

Sun Huachao, MSc in Global Media and Communications (LSE and USC)

Sun Ruoyang, MSc in International Relations

Sun Shuaike, MSc in Accounting and Finance

Sun Yifan, MSc in Real Estate Economics and Finance

Tan Chen, BSc in Economics

Tian Shiyu, MSc in Political Science and Political Economy

Tse Tung Wai, BSc in Government

Wang Jing, MSc in Management of Information Systems and Digital Innovation

Wang Shanyi, MSc in International Employment Relations and Human Resource Management

Wei Jia, MSc in Management and Strategy

Wu Tong, MSc in Management (CEMS)

Xia Zibin, MSc in Management

Xie Saini, MSc in Culture and Society

Xu Linna, MSc in Management

Xu Qiongya, MSc in Management Science (Decision Sciences)

Xu Xing, MSc in Politics and Communication

Yan Jin, MSc in Politics and Communication

Yao Ruoyi, MSc in Management and Human Resources

Ye Haihan, MSc in Media and Communications

Yin Hang, MSc in Comparative Politics

Yin Tinghui, BSc in Management

Yu Wai Tim, Master of Laws

Yu Ziqi, MSc in Global History (Erasmus Mundus)

Yuan Ye, MSc in Global History (Erasmus Mundus)

Zhang Liwen, MSc in Development Studies

Zhang Wenqian, MSc in Management and Strategy

Zhang Xifang, MSc in Social Research Methods

Zhang Xinyu, MSc in Public Management and Governance

Zhang Yuting, MSc in Management and Strategy

Zhao Mi,PhD in Social Psychology

Zhao Xiaoxiao, MSc in Management and Strategy

Zhong Baiyu, MSc in Finance and Economics

Zhu Dan, MSc in Accounting and Finance

Zhu Hengyi, MSc in Risk and Stochastics

Zhu Xiao, MSc in Management

Zhu Xinze, MSc in Financial Mathematics

Zhu Yifu, MSc in Regional and Urban Planning Studies

SUMMER SCHOOL BEIJING, CHINA

8-19 August 2016

© S

HIN

ING

CO

LOU

RS/

DR

EAM

STIM

E

twitter.com/LSEPKUSummerSchfacebook.com/LSEPKUSummerSchoollse-pku.programme@lse.ac.uk

The LSE-PKU Summer School provides a unique opportunity for students and professionals to study an intensive academic programme with two world-leading universities in Beijing.

lse.ac.uk/LSEPKUSummerSchool

8 • China Conference 2016 • Beijing

Design: LSE Design Unit (lse.ac.uk/designunit)

The London School of Economics and Political Science is a School of the University of London. It is a charity and is incorporated in England as a company limited by guarantee under the Companies Act (Reg. No. 70527).