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“Inheritance & Innovation” in china’s financial sector

FTChinese Forum addresses China’s major financial issues after the global economic crisis

Financial Times presents awards to the top contributors to the ten-year development of China’s banking industry

The Financial Times today hosted the 2010 FTChinese-Qingdao International Finance Forum, entitled “Inheritance & Innovation”, at Le-MERIDIEN Hotel in Qingdao.

“‘Inheritance & Innovation’ is a major financial issue for China after the global economic crisis and it has more practical meaning for China’s development of trade finance,” said Daniel Molloy, President of FTChinese.com. “The Forum aims to initiate discussion and provide a clearer roadmap by focusing on China’s development strategy and economic transition to market liberalization.”

The Forum brings together authoritative experts in domestic and overseas financial sectors, Chinese government officials and leading entrepreneurs to initiate an in-depth and dynamic discussion on trade and industry. The keynote address was given by Gillian Tett, U.S. Managing Editor, Assistant Editor, Financial Times, on Restoring Credit: What Has Gone Wrong with Western Finance and What Needs To Be Done to Put it Right.

Other distinguished speakers include:

  • Xia Geng, Mayor of Qingdao

  • Daniel Molloy, President of FTChinese.com

  • Zhang Lifen, Chief Editor of FTChinese.com

  • Martin Jacques, Author of When China Rules the World

  • Brian Outlaw, President of China-Britain Business Council

  • Charles-Edouard Bouée, President, Asia President & Managing Partner, Greater China Roland Berger Strategy Consultants

  • Guo Shaoquan, President of Bank of Qingdao

  • Lin Zhihong, President of Trading & Finance Department in China Minsheng Banking Corp., Ltd.

  • Marc Uzan, Chief Executive of Reinventing Bretton Woods Committee

  • Ni Zhengdong, Chairman of Founder, CEO and President of Zero2IPO

  • Qin Min, Municipal Standing Committee, Deputy Mayor of Qingdao Municipal Government

  • Su Weizhou, Managing Director of the Hina Group

  • Wang Yanchun, Chief Representative of City of London China

  • Zhao Min, Deputy Party Secretary of Wu Xi City

The Forum tackled topics including the RMB’s internationalization, development of trade finance, development of regional financial centre in China, the effective use of financial instruments, making choices in economic transition, expanding domestic demands and consumption, matching international experience with local demand as well as industry innovation.

In addition to the panel sessions, the Forum also featured the 2010 Financial Times China Banking Industry Achievement Award, an award launched to recognize outstanding contributors to the ten-year development of China’s banking industry. Working with Roland Berger Strategy Consultants, a leading European strategy consulting firm, Financial Times studied 143 domestic banks, 4 state-owned banks, 13 joint-stock banks, 126 city commercial banks and 196 registered international commercial banks in China Banking Regulatory Commission. The award recipients include:

2 Premium Awards:

1) Best Commercial Bank: China Merchants Bank

2) Best City Commercial Bank: Bank of Ningbo

8 Selective Awards

1) Best Corporate Bank: Industrial and Commercial Bank of China

2) Best Bank for Small Enterprise: Baoshang Bank

3) Best Retail Bank: China Merchants Bank

4) Best Private Bank: Bank of China

5) Best Bank for Trade Finance: China Minsheng Banking Corp.

6) Best Multi-Channel Bank: China Construction Bank

7) Best Bank for Shareholder Value: Shanghai Pudong Development Bank

8) Best Bank for CSR and Employee Welfare: Bank of Communications

Special Award: The Hong Kong and Shanghai Banking Corporation

For more information on the forum, please visit:

http://www3.ftchinese.com/member/events/2010qingtao/qd1.html

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About the Financial Times

The Financial Times, one of the world’s leading business news organisations, is recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the newspaper, printed at 23 print sites across the globe, has a daily circulation of 401,286 (ABC figures March 2010), while FT.com has over 2 million registered users and 126,281 digital subscribers. The FT has a combined print and online average daily readership of 1.9 million people worldwide (PwC audited figures, November 2009).

About the FTChinese.com

FTChinese.com, the only Chinese online publication of the Financial Times, is positioned as a leading business and financial website, providing vital news, in-depth analysis, and thought-provoking comments to China’s top businesspeople and decision-makers on every business day. FTChinese.com gives its readers unrivalled global perspectives combined with outstanding local expertise. The Financial Times’ international team of journalists and unrivalled access to senior corporate executives and politicians both in China and around the world, make it a must read for China’s business leaders. FTChinese.com has over 1.4 million registered users.

For further information, please contact:

Angela Jia , FTChinese.com of Financial Times, 86 10 6409 6767 ext. 235 angela.jia@ftchinese.com
Joyce Song, Fleishman-Hillard (Beijing), 86 10 5869 1666 ext 3108 joyce.song@fleishman.com
Carmen Tse, Fleishman-Hillard (Hong Kong) 852 2111 3171 carmen.tse@fleishman.com
Andy Chan, Fleishman-Hillard (Hong Kong), 852 2111 3175 andy.chan@fleishman.com

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