The relaxation by the Chinese government of zero-COVID measures in late 2022 brought hopes of a moderate rebound of the Chinese economy. However, after crossing the half-a-year mark, the Chinese economy is embattled by weak consumption, falling exports, the lowest levels of investment in decades, unemployment and property and local debt troubles. These trends – and the government responses to them – come at a time of substantial restructuring within the Chinese establishment, with the creation of new structures like the National Administration for Financial Regulation and the appointment of new leaders for the various ministries. What are the implications of these politico-economic developments for players in the financial services sector?

The European Chamber is pleased to invite you to join our next working group meeting on 5^th September 15:00-16:00, where, in a session moderated by NBFI Working Group Chair Renato di Chiara, Ms Wei Yao, Head of Research & Chief Economist, APAC, at Société Générale, will provide an analysis of all of these trends. The meeting will take place online and offline at the European Chamber Shanghai office. If you are interested in participating in this meeting, feel free to reach out to Ms Caroline Wang at intern011@europeanchamber.com.cn before Monday 4^th September COB.

Agenda

14:30-15:00       Registration and networking (offline only)

15:00-15:05       Opening remarks by NBFI Chair Renato di Chiara

15:05-15:35       Presentation by Ms Wei Yao

15:35-16:00       Discussion and Q&A

About the speaker and the moderator

Ms Wei Yao

Wei Yao joined SGCIB in April 2010 and is currently Head of Research for Société Générale in Asia-Pacific and Chief Economist Asia-Pacific. She offers unique insight into the complex transition of the world's second-largest economy and, together with a team of senior analysts, provides in-depth analysis on economic and market dynamics within the region. Wei has been continuously ranked among the top forecasters for China by Bloomberg as well as among the top economists globally in various surveys. Prior to joining SGCIB, Wei worked on Asia economic research for Kuwait-China Investment Company, based in the Middle East. She obtained a bachelor's degree from Fudan University and holds a master’s degree in Economics from Tufts University.

Mr Renato di Chiara

Mr. Renato Di Chiara is a professional with more than 26 years of related experience in the financial services sector and joined Deutsche Leasing in China in April 2019 as Chief Executive Officer after occupying the President position of Deutsche Leasing subsidiary in Brazil for 6 years. During this period, his achievements are settling the local branch, international vendor program Management for retail and wholesale, development of Insurance channel, structured project finance, and export credit agent (ECA) insurance. During his time in China, Renato, via Deutsche Leasing, is linked to the China Leasing Business Association (CLBA) expert committee and a Shanghai Financial Leasing Association (SLA) member. Renato is also the current Chair of the Non-Banking Financial Institutions (NBFI) Working Group at the European Union Chamber of Commerce in China.

Speakers

Ms. Wei Yao

Head of Research & Chief Economist, APAC, Societe Generale CIB

Ms. Wei Yao

Head of Research & Chief Economist, APAC, Societe Generale CIB

View speaker details

Wei Yao joined SGCIB in April 2010 and is currently Head of Research for Société Générale in Asia-Pacific and Chief Economist Asia-Pacific. She offers unique insight into the complex transition of the world's second-largest economy and, together with a team of senior analysts, provides in-depth analysis on economic and market dynamics within the region. Wei has been continuously ranked among the top forecasters for China by Bloomberg as well as among the top economists globally in various surveys. Prior to joining SGCIB, Wei worked on Asia economic research for Kuwait-China Investment Company, based in the Middle East. She obtained a bachelor's degree from Fudan University and holds a master’s degree in Economics from Tufts University.

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