8th IPAF Summit and International Conference

The Asian Development Bank (ADB), Zhejiang International Business Group Co., Ltd. (ZIB) and Zhejiang Zheshang Asset Management Co., Ltd. (ZSAMC) are co-organizing the International Conference with the theme “New Era, New Paradigm, New Mission: Synergy Towards Asia’s Financial Safety and Stability”. This conference aims to explore the evolving financial safety and stability environment in Asia, as well as the institutional structure, regulatory frameworks, foreign investment policies, and market infrastructure for handling non-performing loans. It will also discuss the impact of digital technology on the Asian NPL markets, with an emphasis on the need for developing inclusive financial solutions. The event will be held on 12 September 2024 at the InterContinental Hangzhou, People’s Republic of China.

The Conference will bring together representatives from international organizations, research institutes, business community, and government officials from ADB developing members countries (DMCs),  public asset management companies (AMCs), and deposit insurance corporations (DICs) to discuss: a) economic and financial market trend,, key risks, regulatory responses, and potential obstacles to safeguarding the financial stability in Asia amidst rising global economic uncertainties, b) institutional factors necessary for creating an effective nonperforming loan (NPL) resolution mechanism and recent trends and implications of cross-border NPL investment, and c) how the role of AMCs and DICs should evolve to better support financial inclusion and financial market development.

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Information Note

You can download the full handbook guide from here.

 

Agenda

TimeEventSpeaker

Opening Session

09:00-09:30

Registration

Zhejiang Province & ZSAMC & IPAF Introduction Video

09:30-09:40

Opening Remarks

Mr. Yanyun Zhang
Vice Governor
People’s Government of Zhejiang Province, PRC

09:40-09:50

Welcome Remarks

Mr. Albert Francis Park
Chief Economist and Director General
ERDI, ADB

09:50-10:05

Welcome Remarks

Mr. Bingxue Gao
Chairman
Zhejiang International Business Group Co., Ltd. (ZIB) 

10:05-10:15

Group Photo

10:15-10:25

Tea Break

Session 1: Navigating Asian Financial Safety and Stability under the Era of Rising Uncertainty

This session will delve into the evolving landscape of financial safety and stability in Asia, addressing both the challenges and opportunities that lie ahead. As the region experiences increasing economic instability and undergoes digital transformation, ensuring financial safety and stability becomes increasingly crucial. This session will explore shifts in the economy, key risks, regulatory responses, and potential obstacles to safeguarding the financial systems in Asia within the context of rising uncertainty.

10:25-11:35

Panel Presentation and Discussion

[Four panelists deliver a 10-minute short presentation, and the moderator leads panel discussion for 30 minutes]

 

Suggested Topics

1: Identifying the shifts in the global and regional economy under the new era or rising uncertainty, and assessing their implications and impact on Asian financial safety.

2: Identifying the evolution of financial regulation and supervision in response to the new era.

3: Identifying the challenges and opportunities for financial stability emerging in the new era and proposing strategies to address them.

4: Analyzing the role of digitalization in reshaping the landscape of financial safety and stability in Asia.

Moderator:

Mr. Jong Woo Kang
Director, Regional Cooperation and Integration Division
Economic Research & Development Impact Department
Asian Development Bank 

Panelists:

Mr. Marius Vismantas
Lead Financial Sector Specialist
Finance Competitiveness innovation Global Practice (FCI GP), East Asia & Pacific Region, WB

Ms. Wang Xian
Vice Chair, National Institute of Financial Research
Director of Listed Company Research Center
Tsinghua University

Ms. Eunmi Park
Economist
Financial Surveillance Team
AMRO

Ms. Jingjing (Nicky) Dang
Senior Vice President
Credit Strategy and Research
Moody’s Ratings

11:35-11:55

Q&A Session (from the floor)

11:55-13:30

Buffet Lunch

ADB, IPAF members and guests

Session 2: Towards a New Paradigm to Enhance NPL Resolution Effectiveness: An Institutional Perspective 

This session will investigate the institutional framework for NPL resolution in Asia. It will employ a comparative analytic approach to understand the history and current status of the institutional framework across the region. By examining various aspects of institutional framework — such as regulatory and legal frameworks, foreign investment policy, market infrastructure — the session aims to identify the institutional factors necessary for creating a more effective NPL resolution mechanism and propose corresponding suggestions along with its implication on Cross-Border NPL investment and recent trends.

13:30-13:45

Presentation

[The speaker delivers a 15-minute presentation on research findings:] “Optimizing the Chinese NPL Resolution Mechanism — A Framing Analysis”

Presenter:

Mr. Chuanquan Li
Vice Chairman & Chief Strategy Officer
ZSAMC

13:45-15:15

Panel Presentation and Discussion

[Five panelists deliver a 10-minute short presentation, and the moderator leads panel discussion for 40 minutes. The main speaker also participates in the panel discussion.]

 

Suggested Topics

1: Evaluating the effectiveness of existing institutional framework in maintaining financial stability, including public AMCs arrangement, bankruptcy laws, insolvency procedures, creditor rights protection, and proposing reform suggestions to enhance their functionality.

2: Comparing institutional framework for NPL resolution in US/EU and IPAF member countries, identifying the experiences and lessons that IPAF members can learn from developed countries.

3: Discussing the feasibility and benefits of establishing cross-border NPL disposal mechanisms to tackle regional NPLs issue, and the practical considerations to implement a cross-border NPL resolution strategy.

4: Analyzing successful cases involving the utilization of foreign capital for the resolution of NPLs, including the strategies employed, the outcomes achieved, and the lessons learned from these experiences.

Moderator:

Mr. Chen Lau
Partner
Business Recovery Services, PwC

Panelists:

Mr. Md. Anwarul Islam
Executive Director
Bangladesh Bank

Mr. Wang Han
Deputy General Manager
NPA Operations Department, GWAMCC

Ms. Di Liu
Deputy Secretary of the Party Committee & General Manager
SFAMC

Ms. Shining Guo
Partner Lawyer
King & Wood Mallesons

Mr. Benjamin Fanger
Managing Partner
ShoreVest Capital Partners Ltd.

15:15-15:35

Q&A Session

15:35-15:45

Tea Break

Session 3: Meeting the Challenges of Financial Inclusion: The role of AMCs and DICs Perspective

This session will explore how financial inclusion shapes the NPL market in Asia, focusing on its impact on personal/SME NPLs. In recent years, digital technology has transformed financial systems, particularly impacting the disposal method of personal NPLs in Asia. With this background, it will highlight the progress made, the challenges faced, and the strategies needed for the AMC sector in a more inclusive financial landscape. The session aims to provide a comprehensive understanding of how the role of AMCs and DICs will shift in response to financial inclusion and technological advancement, and to set the guidelines for future operations of AMCs and DICs.

15:45-16:00

Presentation

Presenter:

Mr. Johannes Raschke
CFA, Senior Investment Officer
DARP, Financial Institutions Group, IFC

16:00-17:20

Panel Presentation and Discussion

[Fou panelists deliver a 10-minute short presentation, and the moderator leads panel discussion for 40 minutes. The main speaker also participates in the panel discussion]

 

Suggested Topics

1: Assessing the intricate relationship between financial inclusion and financial stability in Asia.

2: Identifying the trends and patterns in NPL formation and resolution within the context of financial inclusion, especially for personal/SME NPLs.

3: Identifying the role of AMCs and DICs to achieving financial inclusion in Asia: current development and the way forward

4: Leveraging innovative approaches and technologies for personal/SME NPL resolution, such as AI, blockchain or other fintech solutions

Moderator:

Mr. Alexander Raabe
Economist, ERCI, ADB

Panelists:

Mr. Ivar Bjorklund
Chief Executive Officer
Collectius Debt Purchase

Mr. Zhenyu Huang
Chairman & Chief Executive Officer
BaiChang Tech.

Mr. Ran Li
Vice President
Alibaba Group

Ms. Jiaomei Chai
Director & General Manager
Binhai Zhengxin Asset Management

17:20-17:40

Q&A Session

Closing Session

17:40-17:50

Closing Remarks

Mr. Weida Li
Board Member and General Manager
Zhejiang Zheshang Asset Management Co., Ltd. (ZSAMC)

17:50-19:30

Buffet Dinner

Speakers

Presentations

Session 1: Navigating Asian Financial Safety and Stability under the Era of Rising Uncertainty

Session 2: Towards a New Paradigm to Enhance NPL Resolution Effectiveness: An Institutional Perspective

Session 3: Meeting the Challenges of Financial Inclusion: The role of AMCs and DICs Perspective

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Travel Advisory

1. Overview of Hangzhou

1.1 Introduction to Hangzhou

Hangzhou, often referred to simply as "Hang," is historically known as Lin'an, Qiantang, and Wulin. It is located in East China, on the lower reaches of the Qiantang River, with a total area of 16,850 square kilometers. Hangzhou is a typical representation of the “water towns of the southern Yangtze River region,” featuring a subtropical monsoon climate with distinct seasons and ample rainfall.

Hangzhou is the core city of the Hangzhou Metropolitan Area, as well as the economic, cultural, scientific, and educational center of Zhejiang Province and one of the central cities in the Yangtze River Delta region. In 2023, Hangzhou achieved a significant leap in its economic aggregate, transitioning from “1 trillion” to “2 trillion” yuan, reaching a total gross domestic product (GDP) of 2.0059 trillion yuan and a per capita GDP of 161,100 yuan.

Hangzhou is one of the first batch of National Historic and Cultural City in China and one of the six ancient capitals of China. Hangzhou has a history of more than 2,200 years since it was established as a county in the Qin Dynasty (221B.C.-207B.C.). Hangzhou boasts a rich array of cultural relics and historic sites, with representative ones including West Lake culture, Liangzhu culture, silk culture, and tea culture. The scenery here is beautiful, earning it the reputation of “a paradise on earth”. The city also successfully hosted the 11th G20 Summit in 2016 and the 19th Asian Games in 2023.

1.2 Weather and Clothing Suggestions

The average temperature in Hangzhou in September is 21℃ - 30℃.

During the day, the average temperature is 28℃, it is recommended to wear light and breathable clothing such as cotton or linen shirts, thin long dresses, and thin T-shirts.

At night, the average temperature is 21℃, it is suggested to wear comfortable clothing such as short suits made of single-layer cotton or linen fabric, T-shirts, thin denim shirts and pants, casual wear, or professional suits.

1.3 Electrical Plugs and Voltage

Warm Reminder: There are standard differences in power plugs and sockets between different countries, and direct use may pose certain risks. Using a conversion plug, a universal travel adapter, or selecting a power cord that is compatible with multiple international standards can effectively solve this problem, ensuring the normal use of electronic devices while also ensuring safety.
The voltage standard in China is 220V, with a power frequency of 50Hz.  Please bring your own national standard conversion plug to ensure the normal power supply for electronic devices in your room.

2. Airport Information (Hangzhou Xiaoshan International Airport)

   2.1 Visa Information
         China offers two types of visas: entry visas and transit visas. 

       Ø Entry Visa:
       An entry visa allows the holder to enter China through designated or open ports within a specified period. This visa becomes valid from the date of issuance.

       Ø Transit Visa:
       A transit visa permits the holder to pass through China en route to a third country via designated or open ports. To obtain a transit visa, the applicant must possess a valid entry visa or permit for their destination country (unless exempt from visa requirements). According to international practice, travelers with connecting flights who remain within the airport and transit within 24 hours are generally exempt from needing a visa.

  2.2 Entry Guidelines (Prohibited Items, etc.)

      Ø Tobacco Products:
         For visitors staying less than six months, 400 cigarettes may be carried; for those staying more than six months, the same limit of 400 cigarettes applies. When departing, four cartons of tobacco products may be carried.

      Ø Alcoholic Beverages:
         For individuals staying less than six months, two bottles of alcoholic beverages with a capacity of 0.75 kg each may be carried; for those staying more than six months, four bottles of alcoholic beverages with a capacity of 0.75 kg each may be carried.

      Ø Traditional Chinese Medicine and Patent Medicines:
         Upon departure, individuals may carry medicines worth up to 300 RMB to foreign destinations and up to 150 RMB to Hong Kong and Macau. It is strictly prohibited to bring in excessive quantities of medicine.

      Ø Other Items:
         A reasonable amount of perfume (for personal use) may be brought in as a gift.
         The weight of gold, silverware, and decorative items brought in must not exceed 50 grams.

    All cultural relics intended for export must obtain permission from the People’s Republic of China.
    Electronic devices such as cameras, portable recorders, movie cameras, camcorders, and laptops may be brought in.

     Ø Prohibited Items:
        It is strictly forbidden to import any firearms, ammunition, explosive or flammable materials, counterfeit currency, stocks, etc.
        It is prohibited to carry printed materials, films, photographs, audio tapes, video tapes, and other items that may affect China’s politics, economy, culture, or morality.
        The importation of any toxic substances, such as drugs like opium, morphine, heroin, marijuana, and other drugs, as well as animals, plants, and items that may transmit diseases, is prohibited.

     Ø Duty-Free Allowance:
        The duty-free allowance for entry into China is 5,000 RMB. Residents entering the country with personal items purchased abroad valued at 5,000 RMB or less are exempt from duties. Items exceeding this amount must be declared to customs.

       In summary, China has strict customs regulations regarding the import and export of goods, and travelers must comply with the relevant laws and regulations to avoid legal issues. For further details or assistance, please consult customs officials or a professional lawyers.            

  2.3 Airport Facilities

  Ø Currency Exchange

The airport features three currency exchange branches offering conversions for 20 currencies including RMB, USD, HKD, GBP, JPY, EUR, etc. Their locations are: near Gate A02 in the restricted area of Terminal A, opposite the duty-free shop; opposite Door 2 in the arrivals hall of Terminal A, next to the FamilyMart convenience store; and near Door 12 in the arrivals hall of Terminal B, diagonally opposite the lost and found office.

  Ø ATMs

Four banks provide ATMs throughout the terminal. Locations are as follows: Industrial and Commercial Bank of China ATMs near Gates 5 and 11 in the Domestic Terminal; Hangzhou Bank ATMs near Gates 5 and 13 in the Domestic Terminal; Shanghai Bank ATMs near Gates 3 and 7 in the International Terminal; and China Construction Bank ATMs near Gate 11 in the International Terminal.

  2.4 Airport Shuttle and Transportation

  2.4.1 Airport Shuttle Service

  The organizers provide airport shuttle services for visiting guests. Conference staff will meet guests at the airport exit and in the lobbies of designated hotels based on their transportation needs. For specific arrangements, please consult conference staff.

  2.4.2 Public Transportation:

  Ø From Hangzhou Xiaoshan International Airport to InterContinental Hangzhou: Take Metro Line 7 to Civic Center Station (Exit N3b), then walk 430 meters to the hotel.

  Ø From Hangzhou Xiaoshan International Airport to Holiday Inn Hangzhou CBD: Take Metro Line 19 to Yudao Station, then transfer to Metro Line 9 within the station and get off at Jianghehui Station (Exit C1) and walk 940 meters to the hotel.

3. Hotel Information

Recommended Hotels: The InterContinental Hangzhou and Holiday Inn Hangzhou CBD. Both hotels are equipped with standard conference facilities, including a conference service desk and shuttle services for conference attendees.

  3.1 Partner Hotels

  Ø InterContinental Hangzhou
     Address: No. 2, Jiefang East Road, Hangzhou, Zhejiang
     Email: sales.chrisx@hangzhouic.com

  Ø Holiday Inn Hangzhou CBD
     Address: No. 20, Qianchao Road, Qianjiang New City, Hangzhou
     Email: sales.cici@hangzhoucbdhi.com

  3.2 Currency Information

  3.2.1 Foreign Currency Exchange

Both the InterContinental Hangzhou and Holiday Inn Hangzhou Qiandao New City offer foreign currency exchange services. Guests can exchange up to 20 different currencies, including USD, HKD, GBP, JPY, and EUR. Currency exchange services are available at the hotel front desk.

  3.2.2 ATM Machines

  Ø InterContinental Hangzhou:

  1. China Construction Bank (Qianjiang New City Branch)
      Address: B1 Level, 33 Jiefang Road, Shangcheng District, Hangzhou

  2. China CITIC Bank (Hangzhou Branch)
      Address: 9 Jiefang East Road, Shangcheng District, Hangzhou

  Ø Holiday Inn Hangzhou CBD:

 1. Industrial and Commercial Bank of China (Hangzhou New City Branch)
     Address: 101 Songdu Group, 797 Fuchun Road, Shangcheng District, Hangzhou

 2. Agricultural Bank of China (Hangzhou Qianchao Road Branch)
     Address: 63 Qianchao Road, Shangcheng District, Hangzhou

 

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