PRC Sub-Committee

Objectives

• To follow the development of the PRC domestic bond market and explore business opportunities for HKCMA members.
• To promote Hong Kong as the debt capital markets centre to potential PRC issuers.
• To represent the Association in all activities focusing on the PRC or involving PRC organizers.

Background

The PRC Sub-committee was established in 1995 with the objectives of building relationship with the PRC authorities and to advise members on the latest policies and regulations in relation to PRC entities borrowing/issuing in the international debt capital markets.  Three trips were organized to visit authorities in Beijing and Shanghai in November 1995, January 1998 and January 2000.  A conference was held in Beijing during the trip in 1998 whereby we introduced opportunities available in the international and HKD debt capital markets to over 100 PRC entities.  A number of workshops / presentations were also held in Hong Kong for members to communicate with PRC authorities.

Activities of the PRC sub-committee slowed down since 2000 as international issuance from the PRC became rare as PRC borrowers are encouraged to tap the local liquidity.  The Executive Committee decided to revive the activities of the PRC sub-committee in 2002, in view of the rapid development of the RMB bond markets and the potential offered to members.

Composition of the Sub-Committee　

Activity in 2004

• Presentation at the Hong Kong - Zhejiang Week on 14 January 2004 by Helen Wong. (PowerPoint Slides)
• Worldbank Country Study Paper - Developing Institutional Investors in PRC - Co-author: Irene Ho, HSBC, Member of the PRC Sub-Committee 

Activity in 2003

• Presentation at the Hong Kong Professional Services Expo in Shenzhen, China on 19 December 2003 by Kenny Lam. (PowerPoint Slides)

Activity in 2002

• Presentation in Beijing at the “Roundtable on Financing for 2008 Beijing Olympics” organized by the Financial Services Bureau in January 2002.
• Response to the HKMA on proposals to be raised with the Central People’s Government in the context of CEPA (Closer Economic Partnership Arrangement between the Mainland and Hong Kong SAR) discussions in March 2002.
• Presentation in Jinan at the Hong Kong Financial Conference organized by the HKSAR Government during the “Shangdong – Hong Kong Week” in May 2002.
• Presentation to the Beijing Development and Planning Commission in Hong Kong at a close door roundtable meeting regarding the 2008 Beijing Olympics organized by the Trade Development Council in August 2002.
• Attended the Briefing and Luncheon on 2008 Olympics Projects (Qingdao organized by the Trade Development Council in October 2002                                     

• Luncheon presentation by Dr. Gao Jian of the China Development Bank on the RMB bond markets in November, 2002.

  Dr. Gao Jian, Assistant Governor, China Development Bank giving a presentation to HKCMA members

• Participation in the visit to Shanghai organized by the HKFMA in November 2002.
• Presentation in Nanjing at the Hong Kong Financial Services Conference sponsored by the HKSAR Government during the “Jiangsu – Hong Kong Week” in December 2002.

 
^{The Hong Kong Capital Markets Association}