Wealth and Society 2021 | 22 December | Shanghai China
  • 22 December
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Wealth & Society 2021

Despite economic damage brought about by the COVID-19 pandemic in 2020, high net worth (HNW) individuals (i.e. USD millionaires) are increasingly dominant in terms of total wealth ownership and their share of global wealth. It now numbers 56 million, or 1.1% of all adults, who own 45.8% of household wealth, $191.6 trillion. In addition to public health risks, climate change, geopolitical tensions and wealth differences are exacerbating globally in the past decades. More and more business leaders, influencers, especially new generations are realising that money is not enough to solve these challenges. They must actively take the lead to accelerate and scale the impact for a better, healthier, and more equitable future. Wealth & Society 2021 gathers international and local leaders in business, government, technology, philanthropy and academia as well as influencers to showcase and recognise the positive impact they have on society. The platform is designed to help everyone think where wealth will be generated and how everyone can participate for the benefit of mankind and our shared future.

Focus on sustainable development for the future

Dialogue on the trends of wealth creation, preservation, succession and its impact on society

Open to global influencers, investors, experts, prominent decision-makers, professional peers and high net worth individuals (HNWIs) in person and virtually

If you would like to use your wealth to be relevant to society and take advantage of all the innovations in wealth creation, this conference is for you.

Event Details

  • Rebuilding trust and partnerships to achieve the Sustainable Development Goals
  • Rethinking the impact of wealth
  • Shaping a positive, measurable, and profitable investment strategy
  • ESG - An evolving definition on value creation
  • Keeping and growing wealth within a family over generations
  • Enjoy the fruits of being wealthy together
  • Building the value and responsibility for the future society
  • HNWIs who are serious in the deployment of wealth into impact investing
  • Private bankers and family offices
  • Foundations, philanthropic organisations and charities
  • Independent institutions serving HNWIs, including but not limited to wealth management companies, insurance companies, trust companies, securities, law firms and tax agents
  • Healthcare companies, luxury brands, overseas education consultancies and overseas property agencies
  • Investment specialists, product designers, financial planners, portfolio managers and senior relationship managers

Agenda

Wealth & Society 2021

Wednesday, 22 December 2021
Welcome note

Cindy Yu, Executive Director and Head, Greater China, The Asian Banker

Opening remarks

Gordian Gaeta, Chairman, Wealth and Society

Taking action now to accelerate the global sustainability transition

The coronavirus pandemic wreaks havoc across much of the globe from all aspects. Political, business and academia leaders are starting to think about how to rebuild the relationship between man and nature, the relationship between man and man, and the inclusive and collaborative governance mechanism.

In the leadership dialogue, we focus on the challenges bringing us together and big ideas in policy, science, finance and technology to attain long-term sustainable development.

  • Rebuilding trust and partnerships to achieve the Sustainable Development Goals
  • Closing the gap between sustainable and economic growth
  • Climate change – the most urgent issue
  • Rethinking the impact of wealth
Speakers include:

Erik Solheim, Senior Adviser, World Resources Institute; former Under-Secretary-General, United Nations

Peggy Dulany, Fourth-generation member, Rockefeller family; Founder and Chair, Synergos

Frederick Chavalit Tsao, Chairman, IMC Pan Asia Alliance Group; Founder and CEO, OCTAVE Institute

Jia Kang , President, China Academy of New Supply-side Economics

Yao Jiangtao, President, China Trustee Association; Chairman, AVIC Industry-Finance Holdings and AVIC Trust

09:00 – 10:00
Keeping and growing wealth within a family over generations

Successfully passing the baton to the next generation is a goal for any family business. During the succession, what are the biggest challenges for them? How to fetch a better governance for family-owned companies and how to build up an efficient mechanism for better succession? How to balance between last generation’s tradition and new generation’s innovation?

  • Challenges of inter-generational succession in a family
  • New generations are making a positive impact
  • Family trust – more than wealth
Speakers include:

Du Qin, Global Headquarters Partner, Beijing Yingke Law Firm Shenzhen Office

Pan Xilong, Associate Professor, Institute of Chinese Finance Studies, Southwestern University of Finance and Economics

Kang Chaofeng, Chairman, Honghu Best Global Family Office

10:00 – 10:30
Enjoy the fruits of being wealthy together

"Common prosperity" is not a new idea in China. It was highlighted again as one of the nation's key long-term targets through 2035 and 2050. When some observers focus on the word “prosperity”, they worry about how the existing accumulated wealth would be redistributed involuntarily. However, if one interprets it from “common”, he/she will see it’s a process that social inequalities can be reduced and the fruits of economic development can be shared by all.

  • How to understand the wealth redistribution and “common prosperity”
  • The impact on wealth industry
  • What is the role that enterprises play?
  • Opportunities and challenges for philanthropy
Speakers include:

Shi Limin, Vice President, Zhe Jiang Provincial Charity Federation

Fu Changbo, Professor and PhD Supervisor, China Academy of Social Management / School of Sociology, Beijing Normal University

10:30 – 11:00
The opportunities and challenges for wealth industry in the upcoming era of China’s new asset management rules

In addition to the further opening up of financial markets and eased rules around insurance asset management products, the transitional period for the implementation of China’s new asset-management rules will cease at the end of this year, which all increases the complexity of wealth market. How do institutions identify the trends and get well-prepared to reform for long-term development?

Clients’ needs are changing as well with the increasing uncertainty of the global market. They focus more on institutions’ asset management and risk control ability as well as security and liquidity of assets. How can institutions build financial literacy for investors while meeting their expectations on the return?

  • Shaping a positive, measurable, and profitable investment strategy
  • Meeting customer's demands on wealth creation and preservation
  • How investors adapt to changing market
  • Opportunities brought by the launch of the Cross-boundary Wealth Management Connect
Speakers include:

Liang Dongqing, Managing Director and Deputy Head, Investment Product & Solution, China International Capital Corporation (CICC)

11:00 – 11:10
ESG - An evolving definition on value creation

There is a growing realisation that taking environmental, social, and governance (ESG) criteria into account brings great benefits for business and investors. For enterprises, the implementation of ESG strategy could mitigate risks and facilitate healthy growth. For investors, it reduces portfolio risk and generate competitive investment returns.

  • Transparency and standardisation in ESG reporting
  • ESG redefines what is a successful business
  • Why do both institutional and individual investors need to focus on ESG factors
Speakers include:

Allan Xie, Deputy Managing Partner, North China Risk Advisory, Deloitte China

Wang Xiaoshu, Executive Director and Head of ESG & Climate Research, APAC, MSCI

Jason Ma, Director, Investment Solutions, Russell Investments Management Shanghai

11:10 – 11:50
Building the value and responsibility for the future

A successful business is not only good at creating wealth, but also takes the lead to fulfil its commitments to the planet, the economy and local community. In this session, we will invite business leaders to showcase their best practices on building a better world with the goodwill, know-how, capabilities and technologies.

Speakers include:

Liu Yuanyuan, Founder and CEO, Melephant Sustainable Technology

Tashi Tsering, CEO, Songtsam Group

11:50 – 12:30

End of the conference

12:30

*This is a working agenda, content and speaker will be updated on a timely basis.

Speakers and Moderators

Erik Solheim
Senior Adviser, World Resources Institute;
Former Under-Secretary-General, United Nations
Peggy Dulany
Fourth-Generation Member, Rockefeller Family;
Founder and Chair, Synergos
Frederick Chavalit Tsao
Chairman, IMC Pan Asia Alliance Group;
Founder and CEO, OCTAVE Institute
Jia Kang
President,
China Academy of New Supply-Side Economics
Yao Jiangtao
Chairman,
AVIC Industry-Finance Holdings and AVIC Trust
Du Qin
Global Headquarters Partner,
Beijing Yingke Law Firm, Shenzhen Office
Pan Xilong
Associate Professor, Institute of Chinese Finance Studies,
Southwestern University of Finance and Economics
Kang Chaofeng
Chairman,
Honghu Best Global Family Office
Shi Limin
Vice President,
Zhe jiang Provincial Charity Federation
Fu Changbo
Professor and PhD Supervisor,
China Academy of Social Management / School of Sociology, Beijing Normal University
Liang Dongqing
Managing Director and Deputy Head, Investment Product & Solution,
China International Capital Corporation (CICC)
Allan Xie
Deputy Managing Partner,
North China Risk Advisory, Deloitte China
Wang Xiaoshu
Executive Director and Head of ESG & Climate Research,
APAC, MSCI
Jason Ma
Director,
Investment Solutions, Russell Investments Management Shanghai
Liu Yuanyuan
Founder and CEO,
Melephant Sustainable Technology
Tashi Tsering
CEO,
Songtsam Group

Sponsors

Supporting Organisations

Supporting Media Partners

Shanghai Banking Association (SBA), formerly known as Shanghai Banking Association of Foreign Exchange, was founded on December 22nd, 1992 and renamed in 1998. Established with the approval of Shanghai Administration of Social Organizations and guided by CBRC Shanghai Office, SBA is a professional, non-profit trade association, speaking for banks and other financial institutions in Shanghai. From a historical connection and inheritance perspective, SBA claims its kinship with Shanghai Bankers’ Association founded in 1918. As of April 30th 2018, SBA has a membership of 218. Full members include policy banks, privately owned banks, large commercial banks, joint stock commercial banks, city commercial banks, asset management companies, etc. Associate members mostly consist of representative offices of foreign financial institutions in Shanghai. www.sbacn.org
Shanghai Advanced Institute of Finance (SAIF) was established at Shanghai Jiao Tong University (SJTU) in April 2009 by the Shanghai Municipal Government. With the mission of becoming a world-class institution of research and advanced learning in finance and management, SAIF is committed to developing top talent and cutting-edge knowledge in finance, with a focus on Chinese markets and their global connections. SAIF is accredited by AACSB international and is among the youngest AACSB-accredited business schools in the world. www.en.saif.sjtu.edu.cn/
The China Global Philanthropy Institute (CGPI) was founded by Bill Gates, Ray Dalio, Niu Gensheng, He Qiaonyu and Ye Qingjun. It has grants from Bill & Melinda Gates Foundation, Beijing Dalio Public Welfare Foundation, Lao Niu Charitable Foundation, Beijing Qiaonyu Foundation and Dunhe Foundation, and is sponsored by the Shenzhen Yatai International Philanthropy Education Foundation. Ma Weihua, former president of China Merchants Bank, was named as the institute’s first chairman of the board, and Wang Zhenyao, professor at Beijing Normal University, was appointed as the first president. The institute actively takes advantage of its platform, gathering philanthropy leaders from around the world, facilitating the discussion of global issues, such as sustainable development, social impact investing, technology and charity innovation and climate change. CGPI is committed to promote transnational collaboration among Chinese and non-Chinese philanthropists, contribute to the innovation and professionalisation in the philanthropic sector and support the advancement of philanthropy in China and around the world. www.en.cgpi.org.cn/
Lujaizui Financial and Trade Zone (Lujiazui Financial City) is located in Pudong New Area, Shanghai. It covers an area of 31.78 square kilometers, and is China’s only national level development zone with financial and trade in its name. In 2009, the State Council officially confirmed Lujiazui Financial and Trade Zone as the core functional area for Shanghai’s international financial and shipping centre initiative. Lujiazui Financial City enjoys the most comprehensive financial market systems, infrastructures and ecosystems. It has become an important platform for financial institutions and professionals to conduct financial activities and trade. It is also benchmarking the world’s top financial centres, such as New York City’s Wall Street and the City of London. As the testing ground for institutional innovations in finance and trade, Lujiazui centres Shanghai’s goal to become a truly global and world-class financial city.
Savvy Investor is the world's leading knowledge network for institutional investors, curating the best investment news and white papers from around the globe. The research library is made up of 50 topics, including a section enabling members to instantly access the latest Private Wealth and Family Office white papers and a directory of investment conferences. Savvy Investor is entirely free to sign up to, offering all 40,000 members a completely personalised experience based on their topic preferences. Companies can enhance their reputation by publishing research and managing their company page in the Company Directory. Sign up today at www.savvyinvestor.net
Bank of Beijing is a Sino-foreign joint stock commercial bank established in 1996. The bank has achieved several milestones, including introducing overseas strategic investors, public listing and business mixed operation. Currently, the Bank has set up nearly 600 branches not only in mainland China, but also in Hong Kong and the Netherlands. On the latest World Top1000 Banks list, Bank of Beijing ranks No.73 in terms of tier1 capital. The success of Bank of Beijing has established a classic development pattern for small- and medium-sized banks.
CCB TRUST CO., LTD. is a non-bank financial institution as subsidiary of China Construction Bank (CCB). By the end of 2018, the total trust assets under management maintained at 1.4039 trillion RMB. CCB Trust is headquartered in Beijing and has set up its operation centers in many places including Shanghai, Guangzhou, Shenzhen and etc., and set up a subsidiary in Hong Kong, giving rise to a nation-wide and international business development layout. By making full use of its flexibility in connecting different markets, industries and products, CCB Trust has deeply responded to the endogenous demands for building a multi-layer capital market system, established three key business directions for transformation including industrial investment bank, asset management and wealth management, actively implemented the national industrial restructuring and macro-economic policies, deeply developed eight major areas including urban infrastructure, in-depth reform and asset management, vigorously supporting the development of real economy. CCB Trust has grown up to be a leading trust company in the industry with its quality and reliable clients, rapidly improved achievements, robust and effective risk-control, and innovation-driven development.
Phoenix Finance is a comprehensive intelligent financial service platform established by Phoenix TV Group for global Chinese. In the past five years, driven by digital technologies, Phoenix Finance has established three business sectors, including inclusive finance, wealth management and global business, and achieved the development in the form of conglomerates. Through the self-developed digital technology system, big data platform, intelligent mode and analyze search engine, as well as effective business process system, Phoenix Finance provides creative, intelligent and individual finance services which are accessible at all time and places to users from China, north America, south-east Asian and other areas. Up to now, the number of platform users had reached 12 million.

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