The Chinese Finance Association (TCFA)
Eighth Annual Meeting
August 11-12, 2001
Stern School of Business, New York University
Henry Kaufman Management Center
44 West Fourth Street
New York, NY 10012
Direction will be indicated on campus.
Dear TCFA Members:
The Chinese Finance Association (TCFA) is going to hold its Eighth Annual Conference on August 11-12 at Stern School of Business, New York University. This year we have invited an impressive list of speakers to the conference (see below for an updated version of the conference program). More importantly, the conference will provide you an opportunity to meet fellow TCFA members, exchange research ideas, build career contacts, and make some new friends. We sincerely invite you to attend the conference and hope to see you all in New York. If you have questions about the conference, please contact: chinesefinance@yahoo.com.
Conference Organization Committee
The Chinese Finance Association
August 11 (Saturday)
Morning: chaired by Chi Su, TCFA Director
8:30 - 9:00 am Registration 9:00 - 9:15 am Welcoming remarks Dr. Jian Hu, President, TCFA 9:15 - 10:00 am Professor Stephen Figlewski Stern School of Business, New York University 10:00 - 10:45 am Mr. James T. Chandler Managing Director, Equity capital markets, Merrill Lynch 10:45 - 11:00 am Coffee break 11:00 - 11:45 am Dr. Evan Picoult Managing Director, Head of Risk Methodologies and Analytics, Risk Architecture, Citigroup --- What is integrated risk management and why do financial service firms need it? 11:45 - 12:15 pm Professor Zhiwu Chen Yale University
Luncheon: chaired by Dr. Hua Fan, Goldman, Sachs & Co.
12:30 - 1:30 pm Keynote Speaker: Dr. Emanuel Derman Managing Director, Goldman, Sachs & Co.
Afternoon: chaired by Dr. Xin Zhang, TCFA President-Elect, and Dr. Jun Qian,
Banc of America Securities
2:00 - 4:30 pm China’s securities market: voices from the presidents of the leading securities firms in China Discussion of job opportunities in Chinese securities industry From China: (Names are in alphabetic order) Mr. Xiaobo Long, President and CEO, Dacheng Fund Management Co., LTD --- On mutual fund business in China Dr. Qingquan Ma, President, Secretary General, The Securities Association of China --- Overview of Chinese securities market Mr. Fuxiang Pan, President, Tsinghua Xinye Investment Company --- On venture capital in China Mr. Liangzhou Wang, People’s Congress, Head of committee on fund management legislation --- On mutual fund industry and venture capital funds legislation Dr. Victor Weiguo Xu, Chairman and CEO, China Eagle Securities Co., LTD --- On challenges faced by securities firms in China Dr. Ling Zhang, Representative of China Asset Management Company (Huaxia Securities) Dr. Shaolei Zuo, Representative of the Chairman, Galaxy Securities Co., LTD --- On new financial products development in China From US: (Names are in alphabetic order) Dr. Ping Jiang, Senior Vice President, Head of Latin America FX and Local Debt Market Trading, Lehmen Brothers Mr. Shanquan Li, Vice President, Portfolio Manager, Oppenheimer Fund Mr. Vinode Ramgopal, CEO, Marco Polo Partners LLC Mr. Clemente Del Valle, Lead Financial Specialist, The World Bank 4:30 - 5:45 pm Career development in U.S: How to succeed as a professional in financial industry in U.S. By Dr. Joseph Hu, Managing Director, Standard and Poor's Joined by Evan Picoult, Ping Jiang and Shanquan Li
Evening: Reception and Cruise
8:00 - 11:00 pm (Boarding at 7:30 pm) For Cruise details, please see registration section.
August 12 (Sunday)
Morning: chaired by Dr. Dajiang Guo, Centre Solutions, and Ludan Liu, TCFA Director
9:00 - 9:40 am Academic voice from China
Discussion of job opportunities in Chinese universities
(Names are in alphabetic order)
Prof. Weiping Huang, Dean, School of Economics, Renmin University
Prof. Guoming Xian, Dean, Nankai University, President of Taida College
Prof. Weiying Zhang, Executive Vice Dean of Guanghua School of Management, Beijing University
9:50 -11:05 am Academic paper presentation session
Professor Jie Gan, Columbia University
--- Capital Structure and Risk-taking Decisions of Financial Institutions
Professor Renraw Chen, Rutgers University and Professor Jingzhi Huang, Penn State University
--- Term Structure of Credit Spreads, Implied Forward Default Probability Curve,
and the Valuation of Defaultable Claims
Dr. Xiaoling Zhang, Federal Reserve Board
--- Recovery in Default Risk Modeling: Theoretical Foundations and Empirical Applications
11:05 - 11:15 am Coffee break
11:15 - 12:30 pm Dr. David Xianglin Li, Vice President, AXA Financial
--- Value at Risk Based on the Volatility, Skewness and Kurtosis
Dr. Charles Wang, Acadian Asset Management
--- Global Asset Allocation: Philosophy, Process, and Performance
Mr. Liang Peng, Yale University
--- Dynamics of Quotes and Spreads between Consecutive Trades: A Real-time Structural Model of
Price Formation
Afternoon: chaired by Dr. Xin Zhang, TCFA President-Elect
2:00 - 3:00 pm Review of TCFA programs, directions 3:00 - 4:30 pm Election of new president and board of directors Conference concludes
***************************************
TCFA Eighth Annual Meeting Committee owes special thanks to Stern Emerging Market Association of New York University for co-organizing the conference and providing valuable support.
REGISTRATION(Click to print the registration form )
Please click the above link to print out the registration form.
Pre-registration fee (Deadline: August 7) : Students $25 Professional $40
On-site registration fee: Students $30 Professionals $45 Pre-registration option 1: Email your information as required in the registration form to Ludan Liu at ludanliu@yahoo.com and pay your registration fee on-site. Pre-registration option 2: Mail the check and filled out registration form to:
Ludan Liu
Fulton 330
Department of Finance
Carroll School of Management
Boston College
Chestnut Hill, MA 02467
USA
Please make your check payable to: The Chinese Finance Association.
CRUISE INFORMATION:
The Chinese Finance Association (TCFA), Chinese Finance Society (CFS) & The Overseas Young Chinese Forum (OYCF) Jointly invite you to a Saturday night social entertaining aboard the luxury yacht in New York Harbor. The world famous New York City Skyline combined with a deluxe yacht is the perfect setting for you to meet banking and finance delegations from China, Chinese Consulate, Wall Street veterans and other finance and legal professionals.
Charter Date: Saturday, August 11th 2001
Pick up / Drop off: West 42nd St Jacana Dock.
Boarding: 7:30 pm
Cruising: 8:00 pm to 11:00 pm
Bar: Cash Bar for mixed drinks
Catering: Taco Chips Salsa, Peanuts (Bar Snacks)
Price: $35 for TCFA/CFS/OYCF members/speakers attending the TCFA 8th Conference
$45 for other TCFA/CFS/OYCF members
$55 for non-members
Dinner box (optional, at NYU around 6:00 pm): $10 / person
SEATS ARE VERY LIMITED, please make early reservation and/or buy the ticket in advance, e-mail your inquiries to: JunQianUSA@yahoo.com Or call: Jun Qian 973-699-2043(c) 704-388-4896(o)
DIRECTION TO THE CONFERENCE
Detailed directions and maps can be found at http://www.stern.nyu.edu/contact/maps/
NYU Stern Main Number: (212) 998-0100
TCFA local / NYC conference contact:
Chenyang Wei
212-998-0316(o) (ask for Jason)
201-653-2984(h)
Jun Qian
973-699-2043(c)
973-688-3545(h)
704-388-4896(o)
Hua Fan
Note: 1. Rates are subject to changes.
2. Please note that some hotels might not be within walking distance to Stern Business
School, so additional commuting fee might incur. When calling for current fee schedule,
please confirm the distance from the hotel to Stern.
The NYU Club Quarters
52 Williams Street
US$96.00, US$13.00 per extra person
For reservations call 1-212-443-4700
The Habitat Hotel
New euro-style, US$89.00 with shared bath
For reservations call 1-212-753-8841
The Hilton Millennium
Across from the World Trade Center
US$249.00-single, US$279-double
For reservation call 1-212-693-2001
The SoHo Grand Hotel
US$329.00-single (US$309.00-additional night) and US$334.00-double
For reservation call 1-800-965-3000
Mercer Hotel
147 Mercer Street, Between Houston and Prince Street
Phone: 1-212-966-6060
The YMCA Student Hotel
US$59.00 and US$69.00-single, US$71.00-double, US$91.00-triple, and US$102.00-quad
Phone: 1-212-741-9926
Washington Square Hotel
103 Waverly Place, New York, NY 10011
Phone: 1-800-222-0418 or 1-212-777-9515
Fax: 1-212-979-8373
Comfort Inn
42 West 35th Street (between 5th & 6th Aves)
Single: $160; Double: $175
Phone: 1-212-947-0200, 1-800-228-5150
Holiday Inn Downtown
138 Lafayette Street, New York, NY 10013
Phone: 1-212-966-8898
Fax: 1-212-941-5832
Greenwich Street Hotel
636 Greenwich Street, New York, NY
Phone: 1-212-443-4700
Fax: 1-212-443-4705
Holiday Inn Downtown
http://www.basshotels.com/holiday-inn?_franchisee=NYCDT
$179- $189 Single/Double
138 Lafayette (above Canal Street, just east of Broadway)
Phone: 1-800-465-4329 or 1-212-966-8898
The Larchmont Hotel
http://newyork.citysearch.com/E/V/NYCNY/0010/83/23/cs1.html
European style $70-$80 Single; $90-$109 Double
27 W. 11th Street (just west of Fifth Avenue)
Phone: 1-212-989-9333
Marriott Financial Center
http://www.MarriottHotels.com/dpp/PropertyPage.asp?MarshaCode=NYCWS
$369-$399 weekends
Marriott World Trade Center
http://www.MarriottHotels.com/dpp/PropertyPage.asp?MarshaCode=NYCWT
Full service $289-349 weekdays
Both are located in lower Manhattan
Phone: 1-800-228-9290
The Washington Square Hotel
http://www.wshotel.com/
Small hotel $116-$136 Single/Double
101-105 Wavely Place (just off Washington Square West)
Phone: 1-800-222-0418 or 1-212-777-9515
Other information
http://www.nyu.edu/commencement/park.html
http://www.law.nyu.edu/newsnyu/SALThotel.html
Dear TCFA members:
With the 8th annual conference just two weeks away, we would like to invite
you
to run for 8th TCFA office (board directors, including one president-elect).
Interested individuals should send in a brief candidate statement, which states
your motivation to run and your general mission. Please send your statement
to
Xin Zhang at xzhang2@worldbank.org
and zhangxin@csrc.gov.cn , before August
9th.
You are also welcome to present your candidacy at the annual meeting. But
according to TCFA by-Laws, anyone who is interested in running has to be a
member for at least a year, especially for the presidency.
Once we receive your statements, the collection of the statements will then
be
sent to all TCFA members. An election session will be held during the conference
on August 12th.
TCFA's success depends on each member's active involvement. We sincerely hope
you can contribute your talent and devote your energy to make us even more
successful.
Sincerely yours,
Dr. Xin Zhang,
President-elect
The Chinese Finance Association
Business Casual for general attendance