中国国际债券投资论坛2017——百格活动
中国国际债券投资论坛2017
时间：2017年10月12日-13日 地点：香港
China International Bond Investment Forum 2017
Date: Oct12-13, 2017 Place: Hong Kong
论坛背景
继“沪港通”“深港通”之后，中国的金融市场进一步对外开放。5月16日央行和香港金融管理局联合公告宣布，内地与香港将开展债券市场互联互通合作。目前内地债券市场在全球排名第三，仅次于美国和日本。开通“债券通”有助优化两地债券市场基础设施的互联互通和跨境合作，进一步便利投资者参与债券市场。随着境内债券市场的开放和中国资本流动管制措施的减少，未来投资境内债券市场的境外资金规模理论上可以呈几何级数增长。
近年来，中国经济保持中高速增长，债券市场发展成效显著，人民币债券资产的吸引力不断上升。彭博、花旗等国际债券指数提供商先后宣布将把中国债券市场纳入其旗下债券指数，表明国际投资者配置人民币资产、投资内地债券市场的需求不断增强。“债券通”初期先开通“北向通”，并且没有投资额度限制，未来将适时研究扩展至“南向通”。中国这一重要的决定，得到了全球对中国是金融市场的高度关注。
Background
Following Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, China further opens its financial market. The People's Bank of China and Hong Kong Monetary Authority jointly announced on May 16 that, a cooperation connecting the Mainland China and Hong Kong will be carried out. As the bond market in the Mainland China ranks third in the global market, only next to the United State and Japan, the “Bond Connect” can help optimize the interconnection of the Mainland China and Hong Kong in bond market infrastructure and cross-border cooperation, further facilitate the participation of investors in bond market. With the opening of bond market of the Mainland China and reduction of China’s regulative measures on flow of capital, it can be expected that the offshore funds investing in the bond market of the Mainland China could have a exponential grow.
In recent years, China remains high-speed growth in economics, and has made significant achievement in development of bond market, continuously increasing the attractiveness of RMB bond capital. International bond index providers like Bloomberg Billionaires Index, Citibank included China’s bond market into their indexes, showed that there is an increasing demand of international investors to allocate RMB capital and investment the bond market in the Mainland China. In the early period of “Bond Connect”, the “North China Connect” will be firstly connected without limit on investment amount, while “South China Connect” requires further research at present. The important decision of China attracted international concerns on China’s financial market.
论坛亮点
探讨开通“债券通”对于内地与香港债券市场的深远影响；
分享中国信用债券市场的机遇、风险及对策；
汇聚国际权威的债券投资市场行业领袖，思想碰撞；
加强中国与国际债券市场的合作，提供高效专业的交流平台；
探讨中国信用评级与国际信用评级的对比和分析；
探讨中国宏观经济视角的分析，为外资机构投资者带来最新的研究；
在开通“债券通”背景下，探讨内地与香港的债券监管政策分析及建议；
解读中国会计准则与国际会计准则的区别及发展趋势；
探讨实施“债券通”跨境资金流动及基础设施互联的问题；
Highlights
Discuss the profound influence of “Bond Connect” on bond market of the Mainland China and Hong Kong;
Share the opportunities, risks in China’s credit bond market and countermeasures there for;
Gather industry leaders of bond investment market with national reputation for communication;
Enhance the cooperation in China and international bond markets, provide an efficient and professional exchange platform;
Have a comparison and analysis on China’s credit rating and international credit rating;
Have an analysis on China’s macro-economics, introduce latest research achievements to foreign investment institutions;
Have an analysis on policies of the Mainland China and Hong Kong on bond supervision under the background of “Bond Connect” and make suggestions;
Interpret the difference between Chinese accounting standard and international accounting standard and the development trend thereof;
Discuss the problems in cross-border capital flow and interconnection of infrastructure when implementing “Bond Connect”;
议程安排：
第一天：探讨中国债券市场国际化的机遇和挑战
Discussion of Opportunities and Challenges of Internationalization of Chinese Bond Market
9:00以宏观视角探讨人民币国际化
首席经济学家
Discuss the internationalization of Ren Min Bi from the macro perspective
Chief economist
9:40中国债券市场最新政策及影响
交易所
Latest Policies and Impact of Chinese Bond Market
Exchange
10:10当前债券通的交易市场及创新模式分析
Analysis of the Current Exchange Market and Innovative Mode of Bond Connect
10:50茶歇及行业交流
Tea breaks and industry exchanges
11:20中国货币政策与经济周期的趋势
China 's monetary policy and the trend of the economic cycle
12:00自助午餐
Buffet lunch
14 : 00探讨中国信用债券的评级思路方法及标准分析 企业债券、地方政府、城投类企业债券等评级方法 国内评级与国际评级的接轨
Theme Speech: Discussion of Rating Ideas and Methods and Standard Analysis of Chinese Instrument of Credit
l Rating methods of enterprise bond, local government, bond of urban investment enterprises
l Connection of domestic rating and international rating
14 : 40高层对话 中国债券市场国际化面临的机遇与挑战 中国纳入全球主要债券指数及对债券发行人和投资者的市场影响 中国债券市场利率波动及对冲工具探讨 货币风险和二级市场流动性 外资评级机构进入国内评级市场对中国债券市场会有哪些影响
High-level Dialogue: Opportunities and Challenges for the Internationalization of Chinese Bond Market
l China’s being included in the global main bond indexes and its market influence on issuers of bond and investors
l Discussion of interest rate fluctuation of Chinese bond market and hedging tools
l Currency risk and fluidity of secondary market
l Influence of foreign-funded rating organizations’ entrance of domestic rating market on Chinese bond market.
15 :30茶歇及行业交流
Tea breaks and industry exchanges
16 :00圆桌对话：“债券通”存在哪些风险与挑战？如何防范？
● 中国债券市场的汇率
● 在岸人民币与离岸人民币的定价与走势及汇率风险的探讨
● 探讨境内外汇市场开放债券通参与者的趋势
● 内地对信用违约事件的处置方式及法律
Roundtable Dialogue ：
What risks and challenges does “Bond Connect” have? How to prevent them?
● Exchange rate of Chinese bond market
● Discussion of pricing and tendency of onshore and offshore Ren Min Bi and exchange rate risk
● Discussion the trend of participants in open foreign exchange markets
● Treatment methods and laws of the mainland of China on the credit default events
16:50第一天会议结束
The meeting ended on the first day.
第二天：探讨中国债券市场跨境投资风险、策略及衍生品
Discuss the risks of cross-border investment in China’s bond market, strategies and derivatives focusing.
9:00以国际视角，探讨跨境投资债券市场的风险及对冲策略
Discuss the risks of cross-border investment in bond market and hedge strategies in international perspective
9:30探讨中国高收益债券市场的难点及要点
Discuss the difficulties and key points in China’s high yield bond market
10 :00 中国问题信用债券投资策略及市场分析
China’s credit bond investment strategies and market analysis
10 :30茶歇及行业交流
Tea breaks and industry exchanges
10 :40圆桌对话
中国绿色债券市场的发展及趋势
● 绿色市场会否从政策驱动转向市场驱动
● 国内外投资者对中国绿色债券的接纳程度
● 中国监管、法律和税收框架最新绿色债券交易及其结构
Development and tendency of Chinese green bond market
l Will the green market turn from being policy-driven to market-driven?
l Domestic and foreign investors’ reception degree of China’s green bonds
l Supervisory, legal and taxation framework of China
l Latest green bond exchange and its structure
11 :30圆桌对话
熊猫债与国际评级
● 中国债券市场与国际接轨面临挑战
● 熊猫债的案例及风险解析
● 国际熊猫债是否需用中国会计准则做
● 熊猫债券市场的借款人和投资者群有否逐步形成
● 熊猫债券市场的最新发展
Panda bonds and international rating
l Challenges for Chinese bond market’s connection to the international community;
l Case and risk analysis of Panda Bonds;
l Does international Panda Bonds need to be done according to Chinese accounting norms?
l Are clusters of borrowers and investors of Panda Bonds Market formed step by step?
l Latest development of Panda Bonds market
12:30自助午餐及行业交流
Buffet lunch and industry exchanges
14:00半天培训
Half a day training
百格活动是南京弟齐信息技术有限公司旗下的一款集会务管理、学术管理、现场管理三大系统于一体的全功能活动管理平台，提供的服务内容包含会务管理：活动创建、在线售票、活动推广、后台信息管理、数据统计；学术管理：摘要提交、摘要评审、日程编辑、论文制作；现场管理：电子签到、胸卡打印、信息采集管理、现场互动。
报名通道：http://www.bagevent.com/event/721831?bag_track=bagevent
