2004 Beijing International Workshop on
"Debt Capital Market and Financial Innovation"

The Great Wall Sheraton Hotel,
Beijing, China

Workshop Time:
May 21, 2004

Workshop Organizers
The Chinese Finance Association (USA)
EnlightForum Global (EFG)

Chaired by: HU, Jian, Moody's Investors Service
& WEI, LI, New York Stock Exchange


Friday, May 21, 2004


8:00AM - 8:30AM Registration
8:30AM - 9:15AM Introduction to Corporate Bonds
James Li, Director and Portfolio Management, HVB Group
9:15AM - 10:00AM Fixed Income Securities: Basic Bond Math with Special
Applications to Residential Mortgage-Backed Securities

Dr. Joseph Hu, Managing Director, Structured Finance Group, Standard and Poor’s
10:00AM -10:15AM Break
10:15AM - 11:00AM Quantitative Model Validation: An Overview of Methodology
Jalal D. Akhavein, Manager, Quantitative Modeling & Ben Zhang, Assist Vice President, Moody’s KMV
11:00AM - 11:45PM Introduction to Bond Portfolio Management
Chad Liu, Portfolio Manager, Morgan Stanley
12:00PM - 1:00PM Lunch
1:00PM - 2:00PM Introduction to Convertible Bonds: A Sell-Side View
Kevin Su, Merrill Lynch
2:00PM - 2:45PM Introduction to Convertible Bonds: A Buy-Side View
Emma Yan, Director, Sr. Portfolio Manager, Bank of America
2:45PM-3:00PM Coffee Break
3:00PM-3:45PM Credit Risk and Market Risk
Nick Wade, Asian Business Manager, Northfield Information Services
3:45PM - 4:30PM Introduction to Structured Products
Jeff Zhang, VP, Credit Suisse First Boston
4:30PM - 5:15PM Introduction to Collateralized Debt Obligations (CDOs)
Yvonne Fu, Senior Vice President, Derivatives Group, Moody’s Investors Service