ABA Chairman Mr. Jonathan Alles was invited as one of the panelists in a recent “China Capital Market Global Conference” held on September 5, 2019 in Shanghai, China.
Jointly organized by the Association of Credit Rating Agencies in Asia (ACRAA) and Golden Credit Rating International Co., Ltd., the one-day Conference focused on the theme “Opportunities for Foreign Investors in an Open China Bond Market”. It aimed to explore the opportunities for both international issuers and investors in the China market, as well as to enable China’s issuers and investors to benefit from their exposure to international capital markets.
The topic for Mr. Alles’ panel was “Exploring the Roles of Domestic Credit Rating Agencies and ACRAA in Facilitating Cross-Border Investment.” Mr. Alles was requested to share his views on the challenges in risk management for international exposure, especially the on the need for foreign credit assessment and monitoring.
Santiago F. Dumlao, Jr., ACRAA Secretary General delivered the opening remarks, while Luo Guang, Chairman of Golden Credit Rating, delivered the keynote speech. Chairman Luo traced the 30 years of bond and stock market development in China, and discussed the opportunities and challenges emerging in the world’s second largest bond market.
Nearly 200 industry practitioners participated in the Conference, including some members of the Asian Bankers Association.