FW: FINAL REMINDER: Live Teleconference on Mar. 28 at 10:30am HK time:The Impact Of Shadow Banking On China’s Financial System

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Lin, Ralf

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Mar 27, 2013, 10:06:10 PM3/27/13
to gsm08...@googlegroups.com, michael...@gmail.com, 杨乐 Yang, Le (David) (yangle54@gmail.com)

In case you guys are missing our Saturday afternoons at PKU..
 

From: Standard & Poor's Ratings Services [mailto:in...@ratingsinfo.standardandpoors.com]
Sent: Thursday, March 28, 2013 09:35 AM
To: Cheng, Adrian [ICG-CIB]
Subject: FINAL REMINDER: Live Teleconference on Mar. 28 at 10:30am HK time:The Impact Of Shadow Banking On China’s Financial System
 

If you are having trouble reading this email, please read the online version.

Standard & Poor's Ratings Services | Live Teleconference

The Impact Of Shadow Banking On China’s Financial System

Thursday, March 28, 2013                        

Date:

Thursday            
March 28, 2013

Time:
Hong Kong/
China/
Singapore
10:30 a.m. - 11:15 a.m

Inquiries:
Chan Zhu        
T: +86 21 2208 0880
           

                   

 12th Consecutive Year - Winner of the FinanceAsia Award - Rating Agency Category  

*FinanceAsia Fixed Income Polls,   2001 to 2012.  
 

Standard & Poor's Ratings Services invites you to a teleconference on China's banking sector.  Our analysts will address the credit implications of shadow banking activities for China's financial system and economy.

Discussion topics:

  • The size of the shadow banking system and key factors fueling its rapid growth. 
  • The risk levels of underlying credits in China's shadow banking system.
  • Other challenges that could emerge from shadow banking.
  • Why shadow banking is yet to destabilize China's financial system.

Presenters:

  • Ryan Tsang, Managing Director & Analytical Manager, Financial Services Ratings
  • Qiang Liao, Director, Financial Services Ratings


Register Now

A related article will be published on the day of the teleconference and will be emailed to registered participants.

Live Dial-in Numbers:

Australia: 1 800 033 457 (Melbourne & Sydney)
China: 800 803 6103/400 681 6405
Hong Kong: 852 3027 5500
India: 1 800 200 4396
Indonesia: 0018 0301 14300
Japan: 005 311 22600
Korea: 007 9814 800 8899
Malaysia: 1 800 816 230
New Zealand: 0800 446 085
Philippines: 1 800 1110 1614
Singapore: 8001 206 122
Taiwan: 008 011 36338
Thailand: 001 8006 58230

PASSCODE (Required): 219897#

 

Standard & Poor's Ratings Services offers its broadcast teleconference calls and live webcasts to all interested participants on a complimentary basis. 

Please dial-in at least 10 minutes before the scheduled start of the call to complete the pre-call registration process. The entire call will last approximately 45 minutes, and after brief presentations, participants will be invited to ask questions.

A Mandarin-language call on the same topic will be held at 11:30 a.m. Hong Kong time, please click here to register.

If you have any questions about the conference call, please e-mail: chan...@standardandpoors.com.

Visit UnderstandingRatings.com - an online resource from Standard & Poor's Ratings Services that brings together articles, videos, podcasts, and educational guides about credit ratings.

 

Tune in to Standard & Poor's Ratings Services complimentary podcasts and videos - an efficient way to keep up with our global perspective on capital markets.

 

Register today to receive Standard & Poor's Ratings Services E-Newsletters containing research, credit market news, analyses, commentary, and multimedia on different sectors and topics for free.

 

For more information on Standard & Poor's Ratings Services products and services, please visit our Web site.

 

Regulatory Affairs and Disclaimers l Privacy Noticel Terms of Use

Copyright © 2013 by Standard & Poor’s Financial Services LLC (S&P). All rights reserved.

   
No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor’s Financial Services LLC or its affiliates (collectively, S&P). The Content shall not be used for any unlawful or unauthorized purposes. S&P and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an “as is” basis. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages.

Credit-related and other analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not statements of fact. S&P’s opinions, analyses and rating acknowledgment decisions (described below) are not recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. S&P assumes no obligation to update the Content following publication in any form or format. The Content should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. S&P does not act as a fiduciary or an investment advisor except where registered as such. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives.

To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw or suspend such acknowledgement at any time and in its sole discretion. S&P Parties disclaim any duty whatsoever arising out of the assignment, withdrawal or suspension of an acknowledgment as well as any liability for any damage alleged to have been suffered on account thereof.

S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.

S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and analyses. S&P's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription), and may be distributed through other means, including via S&P publications and third-party redistributors. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees.

Australia

Standard & Poor's (Australia) Pty. Ltd. holds Australian financial services licence number 337565 under the Corporations Act 2001. Standard & Poor's credit ratings and related research are not intended for and must not be distributed to any person in Australia other than a wholesale client (as defined in Chapter 7 of the Corporations Act).

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Chen, Michelle

unread,
Mar 27, 2013, 10:08:18 PM3/27/13
to gsm08...@googlegroups.com, michael...@gmail.com, 杨乐 Yang, Le (David) (yangle54@gmail.com)

HAHA I think I may actually dial in

 

From: gsm08...@googlegroups.com [mailto:gsm08...@googlegroups.com] On Behalf Of Lin, Ralf
Sent: Thursday, March 28, 2013 10:06 AM
To: 'gsm08...@googlegroups.com'
Cc: 'michael...@gmail.com'; '
杨乐 Yang, Le (David) (yang...@gmail.com)'
Subject: {GSM08 in HK} FW: FINAL REMINDER: Live Teleconference on Mar. 28 at 10:30am HK time:The Impact Of Shadow Banking On China’s Financial System

 

In case you guys are missing our Saturday afternoons at PKU..
 

From: Standard & Poor's Ratings Services [mailto:in...@ratingsinfo.standardandpoors.com]
Sent: Thursday, March 28, 2013 09:35 AM
To: Cheng, Adrian [ICG-CIB]
Subject: FINAL REMINDER: Live Teleconference on Mar. 28 at 10:30am HK time:The Impact Of Shadow Banking On China’s Financial System
 

If you are having trouble reading this email, please read the online version.

Image removed by sender. Standard & Poor's Ratings Services | Live Teleconference

The Impact Of Shadow Banking On China’s Financial System

Thursday, March 28, 2013                        

Date:

Thursday            
March 28, 2013

Time:
Hong Kong/
China/
Singapore
10:30 a.m. - 11:15 a.m

Inquiries:
Chan Zhu        
T: +86 21 2208 0880
           

                   

 12th Consecutive Year - Winner of the FinanceAsia Award - Rating Agency Category  

*FinanceAsia Fixed Income Polls,   2001 to 2012.  
 

Standard & Poor's Ratings Services invites you to a teleconference on China's banking sector.  Our analysts will address the credit implications of shadow banking activities for China's financial system and economy.

Discussion topics:

  • The size of the shadow banking system and key factors fueling its rapid growth. 
  • The risk levels of underlying credits in China's shadow banking system.
  • Other challenges that could emerge from shadow banking.
  • Why shadow banking is yet to destabilize China's financial system.

Presenters:

  • Ryan Tsang, Managing Director & Analytical Manager, Financial Services Ratings
  • Qiang Liao, Director, Financial Services Ratings

A related article will be published on the day of the teleconference and will be emailed to registered participants.

Live Dial-in Numbers:

Australia: 1 800 033 457 (Melbourne & Sydney)
China: 800 803 6103/400 681 6405
Hong Kong: 852 3027 5500
India: 1 800 200 4396
Indonesia: 0018 0301 14300
Japan: 005 311 22600
Korea: 007 9814 800 8899
Malaysia: 1 800 816 230
New Zealand: 0800 446 085
Philippines: 1 800 1110 1614
Singapore: 8001 206 122
Taiwan: 008 011 36338
Thailand: 001 8006 58230

PASSCODE (Required): 219897#

 

Standard & Poor's Ratings Services offers its broadcast teleconference calls and live webcasts to all interested participants on a complimentary basis. 

Please dial-in at least 10 minutes before the scheduled start of the call to complete the pre-call registration process. The entire call will last approximately 45 minutes, and after brief presentations, participants will be invited to ask questions.

A Mandarin-language call on the same topic will be held at 11:30 a.m. Hong Kong time, please click here to register.

If you have any questions about the conference call, please e-mail: chan...@standardandpoors.com.

Visit UnderstandingRatings.com - an online resource from Standard & Poor's Ratings Services that brings together articles, videos, podcasts, and educational guides about credit ratings.

 

Tune in to Standard & Poor's Ratings Services complimentary podcasts and videos - an efficient way to keep up with our global perspective on capital markets.

 

Register today to receive Standard & Poor's Ratings Services E-Newsletters containing research, credit market news, analyses, commentary, and multimedia on different sectors and topics for free.

 

For more information on Standard & Poor's Ratings Services products and services, please visit our Web site.

 

Image removed by sender.

Image removed by sender.

Regulatory Affairs and Disclaimers l Privacy Noticel Terms of Use

Copyright © 2013 by Standard & Poor’s Financial Services LLC (S&P). All rights reserved.

   
No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor’s Financial Services LLC or its affiliates (collectively, S&P). The Content shall not be used for any unlawful or unauthorized purposes. S&P and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an “as is” basis. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages.

Credit-related and other analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not statements of fact. S&P’s opinions, analyses and rating acknowledgment decisions (described below) are not recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. S&P assumes no obligation to update the Content following publication in any form or format. The Content should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. S&P does not act as a fiduciary or an investment advisor except where registered as such. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives.

To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw or suspend such acknowledgement at any time and in its sole discretion. S&P Parties disclaim any duty whatsoever arising out of the assignment, withdrawal or suspension of an acknowledgment as well as any liability for any damage alleged to have been suffered on account thereof.

S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.

S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and analyses. S&P's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription), and may be distributed through other means, including via S&P publications and third-party redistributors. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees.

Australia

Standard & Poor's (Australia) Pty. Ltd. holds Australian financial services licence number 337565 under the Corporations Act 2001. Standard & Poor's credit ratings and related research are not intended for and must not be distributed to any person in Australia other than a wholesale client (as defined in Chapter 7 of the Corporations Act).

To manage your Standard & Poor’s Ratings Services subscription preferences, please click here.

If you do not wish to receive any more promotional e-mails from Standard & Poor's Ratings Services, please click here to unsubscribe.

Standard & Poor’s Ratings Services, 55 Water Street, New York, NY 10041

 

 

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Chen, Helen (HK)

unread,
Mar 27, 2013, 10:09:11 PM3/27/13
to gsm08...@googlegroups.com, michael...@gmail.com, 杨乐 Yang, Le (David) (yangle54@gmail.com)

Banks tumbled on shadow banking regulation despite good results…

 

News: (1) China’s banking regulator told lenders to limit investments of client funds in debt that isn’t publicly traded and to isolate such risks from their operations. (2) Authorities “will roll out new measures in promoting interest-rate and exchange-rate liberalization as well as in developing a multilevel capital market,” the State Council said in a statement.

 

CITIC Bank (601998 CH) -10% and Industrial Bank (601166 CH) -10%

 

Best Regards,

Helen

 

From: gsm08...@googlegroups.com [mailto:gsm08...@googlegroups.com] On Behalf Of Lin, Ralf
Sent: Thursday, March 28, 2013 10:06 AM
To: 'gsm08...@googlegroups.com'
Cc: 'michael...@gmail.com'; '
杨乐

Yang, Le (David) (yang...@gmail.com)'

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Chen, Michelle

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Mar 27, 2013, 10:45:32 PM3/27/13
to gsm08...@googlegroups.com, michael...@gmail.com, 杨乐 Yang, Le (David) (yangle54@gmail.com)

Zzzzz dialing out

Lin, Ralf

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Mar 27, 2013, 10:48:25 PM3/27/13
to gsm08...@googlegroups.com, michael...@gmail.com, 杨乐 Yang, Le (David) (yangle54@gmail.com)

lol – I won’t be surprised given the analyst’s PhD and ex PBoC officer background…

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