A year since China opened up its financial markets on paper, have foreign firms been able to grab a bigger slice of its $48 trillion financial sector businesses? What does China’s deepening of financial integration into the world mean for the country and U.S. institutions? How do U.S. financial sanctions impact China’s financial regulatory reform? Andrew Collier, founder of Orient Capital Research, and Li-Gang Liu, Chief China Economist at Citi Group, which has recently been approved to become the first US custody bank in China, will discuss the new opportunities and challenges for foreign ownership in China.
Andrew Collier is Managing Director and Founder of Orient Capital Research, based in Hong Kong. Collier is the former President of the Bank of China International USA, where he helped to launch BOCI’s U.S. office. Earlier in his career, he was an equity analyst with Bear Stearns and CLSA in Hong Kong, and a journalist covering business for the South China Morning Post in Beijing. He has a Master’s Degree in International Relations and Chinese Studies from Yale University and studied Chinese at Peking University. He also is a Senior Fellow at the Mansfield Foundation in Washington. Mr. Collier is currently based in Hong Kong.
Li-Gang Liu is Managing Director and Chief China Economist, Citigroup, based in Hong Kong. Liu has had more than two decades of professional experiences working in both public and private financial institutions. He was Chief Economist for greater China, ANZ Bank in Hong Kong for more than six years. Prior to ANZ, he held various research and senior research roles, among others, at the Hong Kong Monetary Authority, the Asian Development Bank Institute in Tokyo, and the World Bank and Peterson Institute for International Economics, both in Washington D.C. Liu focuses extensively on China’s economy, with in-depth analyses on China’s local government finances and financial vehicles, shadow banking sector, interest rate and financial liberalization.
Liu studied at the Central University of Finance and Economics in Beijing and graduated from the University of Maryland, College Park. He has a Master’s Degree and Ph.D. in Economics from the Johns Hopkins University.