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Profit & Loss Shanghai 2014
venue Grand Hyatt Shanghai

address

Jin Mao Tower, 88 Century Boulevard
Pudong


city Shanghai

country China

Contact Email cloveday@profit-loss.com

Contact Tel. +44 (0)20 7382 0335

Event Dates Starts: Thursday, October 23, 2014 - 07:00
Ends: Thursday, October 23, 2014 - 18:00

Event Prices:

This conference is free to attend for local members of financial firms.

Non-Exhibiting Vendor: $1495


Register for an event...

8:00-9:00 Coffee & Registration

9:00-9:15 Introduction by Conference Chairman

David Clark, Chairman of the Wholesale Markets Brokers’ Association and Honorary Past President of ACI – The Financial Markets Association

9:15-9:45 Opening Address: The Shanghai Free Trade Zone: Opportunities Ahead


The Shanghai Free Trade Zone (SFTZ) has been greeted with much fanfare around the world. Just over a year on from its launch, this panel will look at how the SFTZ has developed and what it means for firms both inside and outside of China.

This panel will also discuss:
  • Has the SFTZ been a success story so far? Who have been the biggest beneficiaries of its launch?
  • Will the SFTZ accelerate the convertibility of the RMB?
  • What are the limitations of the SFTZ and does it represent a plausible model for China’s future financial policy?
  • Has the SFTZ helped to increase co-operation between Chinese and non-Chinese firms?

Zhang Hong, Director, China (Shanghai) Pilot Free Trade Zone Administration Fiscal and Financial Services Bureau

9:45-10:45 Panel 1: “Financial Benchmarks: A Brave New World”

Financial Benchmarks play a critical role in the Financial System’s core role in the pricing and allocation of capital and associated risk. The vast majority of instruments and financial market products directly reference their prices to financial benchmarks. Have key criteria been met for fulfilling this role?

Presentation and discussion with Keiren Harris, Director, DataContent

10:45-11:15 Tea & Coffee Break

11:15-12:45 Panel 2: “Internationalisation of the RMB”

Introductory Presentation:
Sun Lijian, Professor, Deputy Dean of Fudan University School of Economics


It is impossible to discuss the future of China’s financial markets without talking about the internationalisation of the renminbi (RMB). The growing prominence of China’s currency was highlighted last year as the RMB vaulted into the list of top 10 global currencies in the Bank for International Settlements’ (BIS) triennial survey. This panel will discuss what internationalising the currency means for China – and the rest of the world.

This panel will also discuss:
  • What will be the catalysts for the internationalisation of the RMB?
  • Conversely, what are the major barriers to internationalisation? Is China ready for this change?
  • How should foreign and domestic firms be positioning themselves to benefit from the globalisation of the RMB?
  • What are the broader global implications of RMB internationalisation?

Speakers:
Lam Kok Chong, Director, International Sales, SGX
Naomi Fink, CEO and Founder, Europacifica Consulting

Beng Hong Lee, Managing Director, Executive Vice President and Head of Markets, Deutsche Bank China
Robert Savage, CEO, CCTrack
Le Yi Zhou, Deputy General Manager, Bank of China Free Trade Zone Branch 


12:45-2:00 Lunch Sponsored by GFI Group

2:00-3:00 Panel 3: Onshore Versus Offshore: A Narrowing Divide


Following the inevitable growth of the RMB, the race is on for jurisdictions hoping to become the major hub for offshore RMB trading. This panel will assess the various offshore RMB trading hubs and what the future holds for each.

This panel will also discuss:
  • What have been the most significant changes in the RMB market in recent years?
  • How does the offshore RMB FX market exert influence on Asia-Pacific currencies and is this influence distinct from the onshore market?
  • When will the pricing of offshore and onshore RMB markets converge?
  • With places like London, Hong Kong, Singapore, Frankfurt, Taiwan, Canada and Dubai all jostling to become major offshore RMB trading centres, which place is likely to attract the most volume in the future and why?

Speakers:
Adrian Gostick, Managing Director, Financial & Risk, Thomson Reuters China
Jon Vollemaere, Founder and CEO, R5 FX
Simon Winn, Head of Sales for Asia Pacific, EBS


3:00-3:30 Tea & Coffee

3:30-4:30 Panel 4: The Future of Derivatives Trading


As derivatives trading volumes continue to grow apace in Asia and the internationalisation of the RMB looks closer than ever, more exchange venues and clearing houses are looking to set up shop in the region. This panel will examine the growth of exchange traded FX and what it means for APAC.

This panel will also discuss:
  • What is the role of the banks in driving the development of exchange traded FX?
  • How will changes in derivatives regulations in the US and EU impact firms in Asia?
  • Is there room for new entrants to the CCP market in Asia? 
  • The likely pace of growth in e-trading
  • Building liquidity in local markets
  • New and different trading venues
  • The impact of clearing and exchange trading

Speakers:
Lam Kok Chong, Director, International Sales, SGX
Nick Ohlin, Head of GTX Asia
Robert Savage, CEO, CCTrack


4:30 - 7:00 Closing Cocktail Reception - 87 Floor, Cloud 9