This is a past event. Registration is closed. View other AmCham HK events.
First 15-20 minutes is for networking
Continental breakfast included

Hosted by the Financial Services Committee and China Business Committee    

There has been a large rise in online finance in China, as new online funds are offering returns that are 15 times higher than those allowed on conventional deposit accounts at regulated banks. China's cap on deposit rates at banks is fuelling the money that is flooding into these shadow-banking products, such as those offered by 'trust" companies in search of higher yields. Offerings by Internet firms, with their large existing customer bases, have also increased the popularity of online finance. Some see online finance as a way of promoting bank reform in China. On the other hand, there have also been calls for regulation and supervision of online finance to avoid risk such as money laundering, tax evasion and illegal transitions.

Experts from Nikkei Asian Review and the financial and technology sectors will discuss this topic and provide their insights into the rise of online finance in China, including:

1.
       The emergence of new online financial markets, particularly in China. Will these continue to grow?

2.        Li Keqiang's promise to 'promote healthy development of Internet Finance". Will this encourage banking reform in China?

3.        How online payment companies such as Yu'E Bao by Alibaba and Baidu by Tencent are performing. Will more companies provide this service?

4.        Is the Internet a segregated space in which markets can operate outside of state control?

5.        What are the risks of online finance and is there need for greater regulation and supervision?

Location

Renaissance Harbour View Hotel Hong Kong
Concord Room II+III (8/F)
1 Harbour Road

Wan Chai, Hong Kong

http://bit.ly/RenaissanceHVHK

See route

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