(Yicai Global) Nov. 21 -- A series of events for the 10th China Financial Value Ranking were held in Beijing on Nov. 18 to 19 as the highlight of Yicai's 2016 annual financial conference season.
This year's events included the China Financial Value Ranking Award Ceremony (Beijing Friends 10th Anniversary Dinner Party), the Yicai Finance Summit (Annual Conference of China International Finance Society) and the Annual Financial Book Awards Ceremony. Yicai and China International Finance Society organized the finance summit, with academic support offered by the National Institution for Finance & Development. Yicai Research Institute organized the book awards ceremony.
The International Monetary Fund further lowered the expectation on global economic growth amid rising volatility in the financial markets. Brexit became the most momentous 'black swan' event of the year, and expectations of a rate hike by the US Federal Reserve continued to grow. With a close look at the Chinese economy, we see uncertainties mounting in the financial market with the economic growth model being reconstructed. Destocking efforts led to bubbles in the real estate sector again, and China is still under considerable pressure in addressing overcapacity and deleveraging. 'Re-regulation' has been added to the agenda to stop the chaos in the internet finance market. Furthermore, as a general trend going forward, 'technology +' has been restructuring the global landscape.
With the theme of 'Reconstruction and Re-regulation,' CFV 2016 recaps China's financial reforms so far and looks into the future of the Chinese financial industry. 2016 happens to be the 10th anniversary of the CFV. Over the past 10 years, CFV witnessed drastic changes in the global financial market and the rise of the Chinese financial market amid financial reforms.
Yicai announced the 'CFV Global Financial Game-changers of the World 2006-2016' during the CFV award ceremony held on the evening of Nov. 18. All of the award winners made their contribution to the development and transformation of the global financial industry in 2015. They are Ben Bernanke, former US Fed chair, Christine Lagarde, managing director of the International Monetary Fund, Jamie Dimon, chairman and CEO of JPMorgan Chase, Hyun-Song Shin, economic adviser and head of research at the Bank for International Settlements, Zhou Xiaochuan, governor of People's Bank of China, Zhu Min, deputy managing director of the International Monetary Fund, Jin Liqun, president of the Asian Infrastructure Investment Bank, and Jack Ma, executive chairman of Alibaba Group.
CFV rankings 2006-2016 and CFV rankings 2016 were announced at the China Financial Value Ranking Award Ceremony (Beijing Friends 10th Anniversary Dinner Party) held on the evening of Nov. 18. All the award winners (listed in order of attendance) and the top management of the award-winning organizations gave a speech while receiving the awards and expressed their best wishes to the 10th anniversary of the CFV.
During the Yicai Finance Summit (Annual Conference of China International Finance Society) on the morning of Nov. 19, discussions on the trends in financial markets in China and worldwide were held between many policymakers, economists and financial experts including Tian Guoli, chairman of Bank of China Co., Chen Yulu, deputy governor of the People's Bank of China, Zhu Min, former IMF deputy managing director, and Li Yang, chairman of the National Institution for Finance & Development.
The main theme of the discussions was the 'Global Economy and China 2017: Detecting the Trend amid Uncertainties. ' Chen Weidong, president of the Institute of International Finance, Bank of China, gave a speech on behalf of the joint organizers. Lian Ping, chief economist of the Bank of Communications, Zong Liang, analyst at the Institute of International Finance, Bank of China, Yin Jianfeng, professor at the University of International Business and Economics, Zhu Haibin, chief economist at JPMorgan Chase China, Zhang Zhiwei, chief economist at Deutsche Bank China, Ding Shuang, chief China economist at Standard Chartered Bank, Qiao Hong, chief China economist at Bank of America Merrill Lynch, Cui Li, macroeconomic research head at CCB International, and Deng Haiqing, chief global economist at JZ Securities, participated in round-table meetings, where they exchange insights into the development of the Chinese economy and financial market in 2017.
The keynote speech at the financial summit was given by Yang Yanqing, deputy editor-in-chief of China Business News and president of Yicai Research Institute. Zhou Jiangong, CEO of Shanghai Yicai Media Co., gave the opening speech at the summit.
The 'Yicai Financial Books of the Year 2016' were announced at a closed-door meeting – 'Annual Financial Book Awards' – held on the afternoon of Nov. 19. Many financial experts reviewed publications in the last year and imparted wisdom on relevant academic subjects, shedding light on future trends in the Chinese economy and financial market.
Appendix: Award Winners of CFV Global Financial Game-changers 2006-2016 and CFV Global Financial Game-changers of the Year 2016
CFV Global Financial Game-changers 2006-2016
CFV Global Financial Game-changers 2006-2016 (International)
Former chair of the US Federal Reserve
Managing director of the International Monetary Fund
Chairman and CEO of JPMorgan Chase
Economic adviser and head of research of the Bank for International Settlements
CFV Global Financial Game-changers 2006-2016 (China)
Governor of People's Bank of China
Deputy managing director of the International Monetary Fund
President of the Asian Infrastructure Investment Bank
Executive chairman of Alibaba Group
CFV Best Banker Portfolios 2006-2016
Former chairman of Industrial and Commercial Bank of China
Former president of Industrial and Commercial Bank of China
CFV Best Bankers 2006-2016
Former president of China Merchants Bank
Chairman of Bank of Beijing Co.
CFV Investment Banker 2006-2016
Chairman and CEO of JPMorgan Chase China
CFV Best Insurer 2006-2016
Chairman and CEO of Taikang Life Insurance Corp.
CFV Green Finance Leader 2006-2016
Chairman of Industrial Bank Co.
CFV PE/VC Leader 2006-2016
Managing director of Sequoia Capital Global
CFV Financial Leasing Leader 2006-2016
Chairman of Minsheng Financial Leasing Co.
CFV Local Financial Service Promoter 2006-2016
Vice chairman and general manager of China Investment Corp. and former deputy mayor of Shanghai
CFV Inclusive Financial Institution Leader 2006-2016
Chairman of China Association of Microfinance
CFV Leader of New Finance 2006-2016
CEO of CreditEase Co.
CFV Best Fund Manager 2006-2016
Economists of the Year 2016
Financial Game-changers of the Year (International)
Chair of the US Federal Reserve
Founder of DeepMind, and inventor of AlphaGo
Financial Game-changers of the Year (China)
Former Chinese financial minister
Chairman of the China Securities Regulatory Commission
Deputy managing director of the International Monetary Fund
Bankers of the Year
Chairman of Bank of China Co.
Chairman of Bank of Communications Co.
Investment Banker of the Year
Chairman of China Securities Co.
Insurer of the Year
Chairman of China Pacific Insurance Co.
PE/VC Leader of the Year
Founding Ppartner of IDG Ventures
Financial Leasing Leader of the Year
President of Industrial Bank Financial Leasing Co.
Futures Leader of the Year
Chairman of Huatai Futures Co.
Trust Leader of the Year
Chairman of China Credit Trust Co.
Local Financial Service Promoter of the Year
Deputy mayor of Tianjin
Director-general of the China Banking Regulatory Commission's Shanghai Branch
Inclusive Financial Institution Leader of the Year
CEO of Shanghai PPDai Financial Information Service Co.
Green Finance Leader of the Year
Chief economist, Research Bureau, the People's Bank of China
Leader of New Finance of the Year
President of Ant Financial Group
Fund Manager of the Year
General manager of China Asset Management Co.