I understand. Hide this message.

X

We use cookies to provide you with the best experience when using our website. By continuing to use our website without changing your cookie settings, we assume you give consent for cookies to be used. For further details, including how you can amend your preferences - Please read our Cookie Policy. »

9:00 - Welcome Address

Sandro Pierri - CEO Pioneer Investments

Riccardo Venchiarutti - Deputy Chairman, Iseo

Wang Boming - Editor in Chief of Caijing Magazine

9:20 - Programme Overview by Morning Session Moderator

Tian Wei - Anchor, China Central Television

9:30 - Keynote Speech

Mr. Jin Liqun - Chairman of the Board of Supervisors, China Investment Corporation

10:00 - Coffee Break

10:45 - China & the World

Mr. Jin Liqun - Chairman of the Board of Supervisors, China Investment Corporation

Sir James Mirrlees - Nobel Laureate 1996

Ma Jun - Chief Economist for Greater China, Deutsche Bank

 

As the new Chinese leadership takes the relay, some key questions are in the policy makers’, observers’ and invertors’ minds. What will be the growth drivers for China in the next decade? What will be the role of internal demand and, specifically, of the services sector? Will the current account and financial flows with the Rest of the World continue to show a surplus? What could China’s role be in the new global economic map and in the geopolitical equilibrium?

11:45 - Redrawing the Investment Map: New Risk, New Reward

Giordano Lombardo - Group CIO & Deputy CEO Pioneer Investments

 

5 years into the crisis: Is the world more stable or unstable? What is the end game for the huge amount of debt accumulated by developed countries? And for the flood of liquidity injected by Central Banks? What are the implications for financial markets? What are the main challenges and opportunities for investors? Giordano Lombardo will give food for thought and discussion.

14:00 - Programme Overview by Afternoon Session Moderator

David Keohane - Reporter, FT Alphaville

14:05 - Keynote Speech

Peter Praet - Member of the Board ECB


The last years have seen Central Banks addressing with great decision the challenges created by the financial crisis, often being innovative and able to "surprise" the markets. Globally, core interest rates are very low (negative real yields in many countries) and inflation appears under control. Within the Euro area spreads remain a concern, the real economy is weak and the transmission of monetary policy is still imperfect. Looking ahead, the ECB’s role will be determinant, within enhanced European institutions, including the Banking Union and other important regulatory reforms.

14:30 - Special Panel on Europe: Fiscal and Monetary Policy at Crossroads

Peter Praet - Member of the Board ECB

Axel Boersch-Supan - Professor of Macroeconomics & Public Policy, Max-Planck-Institute for Social Law & Social Policy, Munich

Tanguy Le Saout - Head of European Fixed Income, Pioneer Investments

 

The recent crisis in Cyprus is a reminder of how even a very small component of an otherwise solid system can generate tensions and that further mechanism are needed to stabilize the Eurozone. How can Europe overcome its imbalances? As Central Banks prepare for an exit strategy, the assessment of possible scenarios for bond markets becomes crucial. The ongoing deleveraging process will require low and stable interest rates. Will negative real yields remain on core bonds? Will spreads narrow? Will yield curves need to reflect more bullish growth prospects?

15:30 - Coffee Break


16:00 - Nobel Laureate Session - Fiscal Policy Challenges & Global Equilibrium

Sir James Mirrlees - Nobel Laureate 1996

 

The crisis has put policy back at the forefront of debate. Whoever wishes to understand the course of events needs to grasp the true nature of policy impulses and their impact? We have seen unprecedented measures put in place in the USA, in China & in Europe sometimes dictated by emergencies. Some interventions have been disappointing while others, in crucial circumstances, have helped keep national and global economy on track. What have we learned? What are the challenges which remain open and what more should be done?

16:45 - Panel Discussion: Addressing the US Fiscal & Monetary Policy Mix

Sir James Mirrlees - Nobel Laureate 1996

Robert Wescott - Economic Adviser to former U.S. President Bill Clinton & President of Keybridge Research LLC

Ken Taubes - Head of Investment Mangement US, Pioneer Investments

 

As the crisis was unfolding in 2008 and 2009, observers were well aware that the road to deleveraging was going to be a long and often difficult on. The previous panel on Europe will have focused on the specifics of the EU. Robert Wescott and Ken Taubes will comment on Sir James Mirrlees’ presentation with a special focus on the fiscal and monetary challenges for the USA, the related policy choices and the implications for investments.

17:30 - Close of the plenary session

Jack Lin - Head of Asia & Middle East, Pioneer Investments   

19:00 - Drinks & Dinner at Capital M Restaurant, Beijing