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Opportunities and Threats for China Government and Business Firms

Apr 18-2013   



By Zhang Xiao

 

With over twenty years’ experience on Wall Street ,Elaine La Roche was one of the pioneering women in the industry. Her career at Morgan Stanley spanned twenty two years and she was based in Beijing as the CEO of China International Capital Corporation(CICC), the first joint venture investment bank in China from 1998-2000. She is presently the Vice Chairman of JP Morgan Greater China Region.

 

Ms. Elaine was the first CEO (then the CEO of CICC) to deliver keynote speech at the  BiMBA CEO Dinner Lecture back in 1999 when it was initiated. On Dec. 6th, Elaine delivered another speech to BiMBA students at Wanzhong Building,CCER.

 

Ms. Elaine started her speech with personal comment on the 2008 US presidential campaign. She believes that results of the 2008 presidential election will have a positive impact on the perceptions and values of common Americans. As a supporter of Barac Obama, she feels confident that the diplomatic policies towards China Obama administration implements will create a more intimate and win-win Sino-US relationship.

 

Ms. Elaine also noted that tight personal connection between leaders of the US and China is critical in the trial to create better Sino-US relations.

Optimistic as Ms. Elaine feels about future US-China relations, she expressed big concerns on the US policy regarding the SED-the Strategic Economic Dialogue between China and the US. She stressed the importance of carrying on the SED,and pointed out the huge opportunity cost US will suffer not making the SED a priority. 

 

Elaine concluded that, from all perspectives, the future US-China relation will be faced with both opportunities and threats.

In the Q&A session, Ms. Elaine took several questions from BiMBA students.When asked about the US-China relation in terms of trades, Elaine believes China deserves more respect and emphasis from the US in bilateral trade negotiations. She pointed out that China is actually a “banker” for US citizens---low-priced goods and capital imported from China saved them from inflation and kept the US interest rate at a low level where US households can afford loans to fulfill their consumption needs.

 

Several questions were posed regarding the on-going financial crisis, and Ms. Elaine noted that, the failure of several financial giants and the current economic recession raised debates on the balance between financial innovation and financial authorization. And she strongly opposed the act of enforcing authorization and set barriers for the financial evolvement.

 

Elaine stressed that, in a mature capital market, all stakeholders should have mature conceptions of “risk” and rational trading behavior, and financial information should be systematic, standardized and transparent.

 

Ms. Elaine closed her speech by reflecting on the Chinese capital market. She expressed appreciations for the astonishing development the market had achieved in the past ten years and strong beliefs for a more developed Chinese capital market in the future.

Opportunities and Threats for China Government and Business Firms

Apr 18-2013   



By Zhang Xiao

 

With over twenty years’ experience on Wall Street ,Elaine La Roche was one of the pioneering women in the industry. Her career at Morgan Stanley spanned twenty two years and she was based in Beijing as the CEO of China International Capital Corporation(CICC), the first joint venture investment bank in China from 1998-2000. She is presently the Vice Chairman of JP Morgan Greater China Region.

 

Ms. Elaine was the first CEO (then the CEO of CICC) to deliver keynote speech at the  BiMBA CEO Dinner Lecture back in 1999 when it was initiated. On Dec. 6th, Elaine delivered another speech to BiMBA students at Wanzhong Building,CCER.

 

Ms. Elaine started her speech with personal comment on the 2008 US presidential campaign. She believes that results of the 2008 presidential election will have a positive impact on the perceptions and values of common Americans. As a supporter of Barac Obama, she feels confident that the diplomatic policies towards China Obama administration implements will create a more intimate and win-win Sino-US relationship.

 

Ms. Elaine also noted that tight personal connection between leaders of the US and China is critical in the trial to create better Sino-US relations.

Optimistic as Ms. Elaine feels about future US-China relations, she expressed big concerns on the US policy regarding the SED-the Strategic Economic Dialogue between China and the US. She stressed the importance of carrying on the SED,and pointed out the huge opportunity cost US will suffer not making the SED a priority. 

 

Elaine concluded that, from all perspectives, the future US-China relation will be faced with both opportunities and threats.

In the Q&A session, Ms. Elaine took several questions from BiMBA students.When asked about the US-China relation in terms of trades, Elaine believes China deserves more respect and emphasis from the US in bilateral trade negotiations. She pointed out that China is actually a “banker” for US citizens---low-priced goods and capital imported from China saved them from inflation and kept the US interest rate at a low level where US households can afford loans to fulfill their consumption needs.

 

Several questions were posed regarding the on-going financial crisis, and Ms. Elaine noted that, the failure of several financial giants and the current economic recession raised debates on the balance between financial innovation and financial authorization. And she strongly opposed the act of enforcing authorization and set barriers for the financial evolvement.

 

Elaine stressed that, in a mature capital market, all stakeholders should have mature conceptions of “risk” and rational trading behavior, and financial information should be systematic, standardized and transparent.

 

Ms. Elaine closed her speech by reflecting on the Chinese capital market. She expressed appreciations for the astonishing development the market had achieved in the past ten years and strong beliefs for a more developed Chinese capital market in the future.