SMU China Forum
新加坡管理大学（新大）中国论坛
"I want to emphasize that I am fully confident about the future of China. I am deeply
convinced the Chinese economy will sustain its sound growth."
Xi Jinping, President of the People's Republic of China
, 7 October 2013
Over the last few decades, China has accomplished tremendous growth and development.
The country has been steadily climbing the value curve, and transitioned from low-cost
manufacturing to innovation-led growth. This upward trend, however, has not moved for
the past few months as China is shifting away from export-driven economy to one driven by
domestic spending and consumption. As a result, the world is seeing a slowdown of the
Chinese economy with critical business, political and social implications as the country
moves towards another phase of development as a dynamic economy and key player on the
world stage.
On 13 November 2013, Singapore Management University (SMU) is proud to present the
inaugural SMU China Forum. Themed “Be China Ready” and supported by Peking University,
Fudan University and Southwestern University of Finance and Economics, the one-day
forum is a fast-track gateway to the preview of tomorrow’s headlines and trends shaping
China’s growth prospects in 2014 and beyond.
The forum will address and discuss the emerging trends and issues which will have
significant impact on China’s economic, social and political landscape, and their implications
for those from business, government, media and academia who want to gain new insights
on the rapid changes taking place in China; what are the pitfalls to avoid in the quest for
higher yield, and how to pre-empt and troubleshoot potential problems.
The forum will also examine the various emerging social, economic and business
trends, explore the phenomena including probing questions into what, how, to what extent
and why these trends are taking and have taken place, and discuss the crucial role
corporations could play in China. This is also an excellent networking opportunity for
business leaders, entrepreneurs, senior officials and researchers with experts from some of
China’s most prominent universities.
SMU China Forum
Wednesday, 13 November 2013
Programme
Time Programme Venue
8.30am Registration Mochtar Riady
Auditorium (MRA)
9.00am Welcome Address
Professor Arnoud De Meyer, President, Singapore Management University
MRA
9.15am Opening Address
Tharman Shanmugaratnam, Deputy Prime Minister and Minister of Finance, Singapore
MRA
9.25am
10.05am
Keynote Address:
Demystifying the Chinese Economy
Why was it possible for China to achieve such extraordinary performance during its transition? Why was China unable to attain similar success before its transition started and why did most other economies in transition fail to achieve a similar performance? What costs did China pay for its extraordinary success and can China maintain dynamic growth in the coming decades?
Professor Justin Lin Yifu, Former Senior Vice President and Chief Economist of the World Bank (2008 – 2012) & Professor and Honorary Dean, National School of Development, Peking University Question and Answer Session chaired by
Professor Tan Chin Tiong, Senior Advisor to President, Singapore Management University
MRA
10.35am Networking Tea Break Foyer of MRA
11.00am Panel Discussion:
Major Trends in China: The Challenge of Success
Panelists:
Professor Peng Xizhe on demographic trends
Professor Peng Xizhe is Director, State Innovative Institute for Public Management and Public Policy Studies & Professor of Population and Development at Fudan University.
Professor Peng reviews recent population dynamics in China, existing and
potential challenges related to population growth, and explores possible strategies and policy measures dealing with China’s sustainable development.
Professor Gan Li on Chinese household income and consumption
Professor Gan Li is Professor of Economics and Cornerstone Fellow of the College of Liberal Arts, Texas A&M University; Director, Survey and Research Center for China Household Finance; Dean, Research Institute of Economics and Management , Southwestern University of Finance and Economics.
Professor Gan recently directed the China Household Finance Survey, a three-year survey that included over 8,000 representative households in China. The project received funding from Southwestern University of Finance and Economics and research funding from China National Science Foundation (NSF) and logistics support from China’s central bank, the People’s Bank of China. The study was the first major household survey of consumer finances in China and is receiving enormous media attention.
Diana Tsui, Head of Corporate Social Responsibility & Diversity, KPMG China & CEO of KPMG Foundation
Diana Tsui joined KPMG in 2007 and is now the Head of Corporate Social Responsibility & Diversity for KPMG China. She oversaw the establishment of the KPMG Foundation in 2008 and has served as its CEO since.
Diana is passionate about the development of CSR in Asia and key global issues, such as extreme poverty and climate change. She has also worked closely with multinationals, governments, and international organisations, such as the European Commission and the World Bank, focusing on poverty alleviation, microfinance, and humanitarian assistance. In 2010, Diana Tsui was one of fifteen selected globally to be a Yale World Fellow, and she was named one of the Young Global Leaders by the World Economic Forum in 2011.
Mr Lim Ming Yan, President and Group Chief Executive Officer of CapitaLand Limited.
He is a Director on the Boards of CapitaLand Limited, and CapitaMalls Asia Limited, CapitaLand’s listed shopping mall subsidiary. He is also Deputy Chairman of CapitaMall Trust Management Limited, CapitaCommercial Trust Management Limited, CapitaRetail China Trust Management Limited and Ascott Residence Trust Management Limited.
Mr Lim is a Board Member of the Building and Construction Authority of Singapore and Director of Business China, an organisation that promotes bilingualism and biculturalism between Singapore and China.
Chairperson:
Management University
12.30pm-2.15pm
Networking Lunch Foyer of MRA
12.45pm-2.15pm
Luncheon Talk (by invitation only, conducted in Mandarin) Social Investment: Can Companies Really Make an Impact?
Singapore enterprises and Singapore-based Chinese enterprises have made substantial development in China and in Singapore in recent years. There is a need to address the cross cultural impact on social investment/corporate social responsibility issues. The worsening environmental situation and social tensions are making
the focus of public attention in China on social
investment/corporate social responsibility. This luncheon meeting has invited Singapore corporate leaders and Chinese corporate leaders from different industries to jointly discuss the challenges and opportunities related to social investment. Please email chinainitiatives@smu.edu.sg if you are interested to join the talk.
China Group Moderator:
Mr Zheng Chao,Minister-Counsellor, The People's Republic of China to the Republic of Singapore
Representatives Chinese enterprises Singapore Group Moderator:
Professor James Tang, Dean, School of Social Sciences, Singapore Management University
Representatives Singapore Enterprises Guest Speaker:
Diana Tsui, Head of Corporate Social Responsibility & Diversity, KPMG China & CEO of KPMG Foundation
Level 6 Function Room
2.30pm Parallel Research Seminars
China Household Finance Survey (CHFS)
By Professor Gan Li, Professor of Economics, Texas A&M University and Dean of Research Institute of Economics and Management, Southwestern University of Finance and Economics (SWUFE)
The challenge facing the next generation of the Chinese leadership is steering the nation as it moves from an export and investment driven economy to a more sustainable consumption-driven economy. However, such transformation will not be easy. Over the last two decades, various measures to encourage Chinese consumption had limited success. Given the spotty success of Beijing policy to boost consumption, new research based on a nationwide representative survey, China Household
SOE/SOSS Seminar Room 3-5 (Room 3028)
Finance Survey, suggests the key may lie in tackling China's growing divide between the rich and the poor. The low savings rate of most Chinese households surveyed suggest they simply don't have the money to spend. To move toward a consumer-based economy, therefore, raising the income -- and spending -- levels for the poor is key.
Here the next generation of Chinese leadership can and should play a significant role.
An effective approach to reduce the inequality and to boost consumption, however, is to shift government spending priorities away from massive infrastructure development -- roads, railroads and airports -- and toward social welfare investment and income transfer programs.
2.30pm Parallel Research Seminars
Population Ageing in China
ByProfessor Peng Xizhe, Director, State Innovative Institute for Public Management and Public Policy Studies & Professor of
Population and Development, Fudan University & Professor Wang
Feng, Professor, School of Social Development and Public Policy,
Fudan University
China is at the turning point of its demographic transition. The working-age population has reached the peak and began decline in 2012; population aging has been accelerated and the process is much faster in rural areas as large amount of young labour force migrating to cities and industrial sectors; While more than half of Chinese people have already been clarified as urban residents, the urbanization will continue and has been treated by Chinese government as one of the main driven factors for China’s long-term economic growth. All these demographic changes will inevitably affect China’s future development, and create great challenges and opportunities as well to Chinese government and the society.
Prof Peng will review recent population dynamics in China, discuss existing and potential challenges and opportunities related to population change, and explores possible strategies and policy measures dealing with China’s sustainable development. SOE/SOSS Seminar Room 3-10 (Room 3036) 4.30pm Tea Reception 5.00 pm End of Event
Speaker
Mr Tharman
Shanmugaratnam
Deputy Prime Minister & Minister for Finance
Tharman Shanmugaratnam was appointed Deputy Prime Minister in the Singapore Cabinet in May 2011. He continues to serve as Minister for Finance, a responsibility he has performed since December 2007.He spent much of his earlier professional life at the Monetary Authority of Singapore (MAS), Singapore’s central bank and integrated financial regulator, where he was chief executive before entering politics in October 2001. Since then, he has served in economic and education appointments, including five years as Minister for Education. In May 2011, he was also appointed Chairman of MAS. Between May 2011 and July 2012, he served additionally as Minister for Manpower.
Tharman was appointed Chairman of the International Monetary and Financial Committee, the policy steering committee of the International Monetary Fund, in March 2011. He was also admitted to the Group of Thirty, also known as “The Consultative Group on International Economic and Monetary Affairs”, in June 2008.
Tharman did his undergraduate and masters education in Economics at the London School of Economics and Cambridge University. He later obtained a masters in Public Administration at Harvard University, where he received the Lucius N Littauer Fellow award for outstanding performance and leadership potential.
Professor Arnoud
De Meyer
President, Singapore Management University
Professor De Meyer is the fourth President of Singapore Management University. Previously, he was Director of Judge Business School at the University of Cambridge where he was Professor of Management Studies and Fellow of Jesus College. He was associated for 23 years with INSEAD where he held various senior academic and
administrative positions, including founding Dean of INSEAD’s Asia Campus in Singapore.
Professor De Meyer has a Master of Science in Electrical
Engineering, MBA and PhD in Management from the University of Ghent in Belgium. He also pursued his studies as a visiting scholar at the Sloan School of Management, Massachusetts Institute of
Technology (USA). His research interests are in manufacturing and technology strategy; the implementation of new manufacturing technologies; the management of R&D; how innovation can be managed more effectively; project management under conditions of high uncertainty; management and innovation in Asia; the
globalisation of Asian firms; the management of novel projects; and e-readiness in Europe. His works are published widely in academic journals and books.
Professor De Meyer has been consultant to a number of companies throughout Europe and Asia. He was a member of the Singapore Economic Review Committee (2002-2003), board member of the Infocomm Development Authority (2000-2003) and Sentosa Island Corporation (2001-2002). Currently, he is an external director of Dassault Systèmes SA (France), as well as a board member of the National Research Foundation, Singapore International Chamber of Commerce, Temasek Management Services and Singapore
Symphonia Company Limited. He is on the International Advisory Committee of the School of Business, Renmin University of China, as well as a member of the Academic Council of China Europe
Professor Tan Chin
Tiong
Professor of Marketing, Lee Kong Chian School of
Business
Singapore Management University
Professor Tan Chin Tiong is Senior Advisor to the President of the Singapore Management University. He was the founding Provost and Deputy President of Singapore Management University from 1999 to 2009. He was the founding President of Singapore Institute of
Technology from 2009 to 2013. Professor Tan received his PhD in Business from the Pennsylvania State University, USA.
Prof Tan is active in management development and consulting. He designed and taught in many executive programs around the world, a regular speaker in the US, Europe, Australia, New Zealand, Asia and South Africa. Prof Tan is on the Board of several companies and international organizations. Prof Tan is a co-author with Professor Philip Kotler on several marketing books. He also co-authored New Asian Emperors: The Business Strategies of the Overseas Chinese, 2009, and The Chinese Tao of Business: The Logic of Successful Business Strategy, 2004.
Professor James
Tang
Dean, School of Social Sciences
Singapore Management University
Professor James T.H. Tang is Dean and Professor of Political Science, School of Social Sciences, Singapore Management University (SMU). He is a specialist in international relations with special reference to China/Hong Kong and the Asia-Pacific region. Prior to joining SMU he was Professor in the Department of Politics and Public Administration at the University of Hong Kong (HKU). A graduate of HKU, he obtained his Master of Philosophy in
International Relations at Cambridge University, and Ph.D. from the London School of Economics and Political Science.
Professor Tang began his academic career at the National University of Singapore in 1988 where he had his first full-time academic
appointment. He joined HKU in 1991 and served as Head of the Department of Politics and Public Administration (1999-2002), Dean of Social Sciences (2002-2006), and founding director of the Master of International and Public Affairs programme. Professor Tang also held visiting appointments at leading universities in China, the UK, and the US and was a Visiting Fellow at the Brookings Institution in Washington D.C. (2005-06).
Professor Tang has published extensively in his field and serves on the editorial boards of a number of academic journals includingAsian Politics and Policy, Journal of East Asian Studies, Pacific Review, Political Science and International Affairs of the Asia-Pacific. He is currently working on a project about the implications of the rise of China for international relations theory and regional governance in East Asia.
Professor Justin Lin
Former Senior Vice President & Chief Economist, World
Bank, Honorary Dean and Professor, National School of
Development (NSD), Peking University, China
Prof Lin is Professor and Honorary Dean, National School of Development at Peking University. He was the Senior Vice President and Chief Economist of the World Bank, 2008-2012. Prior to joining the Bank, Prof Lin served for 15 years as Founding Director and Professor of the China Centre for Economic Research (CCER) at Peking University and is the author of 24 books including Against the Consensus: Reflections on the Great Recession, The Quest for Prosperity: How Developing Economies Can Take Off, New Structural Economics: A Framework for Rethinking Development and Policy, Demystifying the Chinese Economy, Benti and Changwu: Dialogues on Methodology in Economics, and Economic Development and Transition: Thought, Strategy, and Viability.
He is a member of the Standing Committee and Vice Chairman of Economic Council, Chinese People’s Political Consultation Conference. He was Vice Chairman of the All-China Federation of Industry and Commerce. He served on several national and international committees, leading groups, and councils on development policy, technology, and environment including: Eminent Persons Council of the World Bank, International Food Policy Research Institute (IFPRI) Steering Committee, the UN Millennium Task Force on Hunger; the Eminent Persons Group of the Asian Development Bank; the National Committee on United States-China Relations; the Global Agenda Council on the International Monetary System; Reinventing Bretton Woods Committee; and the Hong Kong-U.S. Business Council.
He received honorary doctoral degrees from Universite D’Auvergne, Fordham University, Nottingham University, City University of Hong Kong, London School of Economics, and Hong Kong University of Science and Technology, and is a Corresponding Fellow of the British Academy and the Academy of Sciences for Developing World.
Professor Peng
Xizhe
Professor and Director, State Innovative Institute for Public
Management and Public Policy, Fudan University, China
Xizhe Peng is currently a Professor of Population and Development at Fudan University and is the director of State Innovative Institute for Public Management and Public Policy. Dr. Peng received his Msc. and Ph.D. degrees in Population Studies from London School of Economics and Political Sciences in 1983 and 1988 respectively. His research activities covered a wide range of population-related issues, including population dynamics and policy in China, social protection and social security, population and environment, gender studies etc. He served as advisor to various Chinese government agencies, and is a leading member of academic Associations of in the fields of
population and development. He is the author (or editor) for more than 18 books and 150 journal articles including “China’s Demographic History and Future Challenges” published in Science 333, 581 -587 (2011).
Professor Gan Li
Professor of Economics, Texas A&M University
Director, Survey and Research Center for China Household
Finance
Dean, Research Institute of Economics and Management
(RIEM)
Southwestern University of Finance and Economics
(SWUFE)
L
i Gan is a Professor of Economics at Texas A&M University in the US and the Director of Survey and Research Center for China Household Finance at Southwestern University of Finance and Economics, Chengdu, China.He obtained his Bachelor from Tsinghua University in 1987, and his Masters of Science in Statistics and PhD in Economics from University of California, Berkeley in 1998. He has taught at University of Texas at Austin before joining Texas A&M University. He is a specialist in applied microeconometrics. In 2009, Professor Gan initiated and has been directing the China Household Finance Survey, the only nationally representative survey in China that focuses on household assets. The survey has produced research reports which have generated a wide range of domestic and international coverage and discussions.
Ms Diana Tsui
Head of Corporate Social Responsibility & Diversity
,
KPMG
China, CEO of KPMG Foundation
Soon after Diana’s earlier career in brand management and advertising, she began heading up NIKE’s Community Affairs function in Asia Pacific in 1997. She tackled many key brand issues so that the company could play a significant role in bringing positive changes to help address social problems in developing countries. She joined Mercy Corps, a leading international relief and development agency, in 2002 as the managing director for East Asia and was instrumental in helping establish its China operation. Diana joined KPMG in 2007 and is now the Head of Corporate Social Responsibility & Diversity for KPMG China. She oversaw the establishment of the KPMG Foundation in 2008 and has served as the CEO since. Diana’s career has spanned continents, businesses and sectors. Having lived and worked in Japan, China and North America, Diana brings a truly international perspective to her work and is passionate about the development of CSR, impact philanthropy, social entrepreneurship in Asia, and key global issues such as education and extreme poverty. She has also worked closely with many governments in Asia, and international organisations such as the European Commission, World Economic Forum, United Nations and the World Bank, focusing on poverty alleviation, civil society development, the UN Global Compact, microfinance, humanitarian assistance, etc.
In 2010 Diana was named a Yale World Fellow (the first from Hong Kong), and she was honored as a Young Global Leader by the World Economic Forum in 2011. She is a sought after speakers from Asia on topics related to CSR, philanthropy, civil society and women leadership. Diana holds a BA, a Masters in International and Public Affairs (MIPA), and an Executive MBA. She is the chairperson of the Global Dignity China and Hong Kong Chapter (a key Young Global Leaders initiative under the World Economic Forum), and sits on various charitable boards including the board of the China Foundation for Poverty Alleviation in the PRC and the Mercy Corps Asia Council in USA.
Mr
Lim Ming YanPresident and Group Chief Executive Officer of CapitaLand Limited.
He is a Director on the Boards of CapitaLand Limited, and CapitaMalls Asia Limited, CapitaLand’s listed shopping mall subsidiary. He is also Deputy Chairman of CapitaMall Trust Management Limited, CapitaCommercial Trust Management Limited, CapitaRetail China Trust Management Limited and Ascott Residence Trust Management Limited.
Mr Lim is a Board Member of the Building and Construction Authority of Singapore and Director of Business China, an organisation that promotes bilingualism and biculturalism between Singapore and China.
Mr Lim obtained first class honours in Mechanical Engineering and Economics from the University of Birmingham, United Kingdom in 1985. He attended the Advanced Management Program at Harvard Business School in 2002.
