THIS EVENT IS FULLY BOOKED.
From mid-June to early July, the benchmark Shanghai Composite and Shenzhen Component lost more than 30% and 40% of their value, respectively. All in all, Chinese stocks lost about $3.9 trillion– an amount greater than the size of the French economy. Aiming to keep the market under control and restore confidence, the Chinese government implemented draconian support measures such as suspending initial public offerings or forbidding major shareholders from selling.
Despite these efforts, on July 27th, Shanghai’s Index fell a dramatic 8.5 percent –the single day largest drop since 2007-, while Shenzhen’s sank by 7.6 percent. Almost 2,000 stocks in both markets tumbled by the 10 percent daily trading limit, thus prompting a renewal of questions about what is happening to China’s stock market.
The European Chamber is pleased to introduce our guest speakers Mr. Chen Xingdong, Chief Economist, BNP Paribas, Ms. Shawlin Chaw, Senior Analyst, Control Risks, Mr. Chen Jiahe, Chief Strategist at Cinda Securities and expert panellist Dr. Anil K. Gupta, Robert H Smith School of Business, University of Maryland, to analyse:
· What really happened and why;
· The future of China’s stock market; and
· What the implications will be on China’s economy and its reform progress?
Agenda:
16:00 – 16:30 Registration and Coffee
16:30 – 16:35 Opening Remarks by Bertrand de La Noue, Vice President, European Chamber
16:35 – 16:55 Presentation by Chen Xingdong, Chief Economist, BNP Paribas
16:55 – 17:15 Presentation by Shawlin Chaw, Senior Analyst, Control Risks
17:15 – 17:35 Presentation by Chen Jiahe, Chief Strategist at Cinda Securities
17:35 – 18:30 Panel discussion and Q&A moderated by William Kazer, the Wall Street Journal
Terms & Conditions:
Events have limited seating so to ensure your attendance we encourage advance online registration and payment for ALL events. We cannot guarantee entry to anyone not registered in advance.
Cancellation Policy:
If you cannot attend an event for which you have registered, please cancel your registration no later than one business day prior to the event. If you fail to notify us of your cancellation in a timely fashion, you will be charged for event costs.
To cancel you can: 1) email qlzhu@europeanchamber.com.cn, or 2) cancel online if you registered for the event through the website.