Derivatives Markets in China – A New Era

中国衍生品市场新篇章

Friday, November 18 to Sunday, December 18, 2022
Online


This conference is delivered in English or Chinese, with simultaneous interpretation provided.

研讨会以中文或英语进行,并提供中英同声传译。

 

Implementation of China’s Futures and Derivatives Law marks a big step in the development of China’s derivatives market. As well as providing a comprehensive framework for the trading, clearing and settlement of futures and over-the-counter derivatives, it also provides legal protection for the enforceability of close-out netting for the first time. With the legislation in place, China’s derivatives market is entering a new era. Featuring both onshore and offshore institutions, this event will explore the essential role that derivatives play in supporting economic growth, as well as best practices in derivatives trading and risk management, with the aim contributing to the development of a safe, robust and efficient derivatives market in China.

《中华人民共和国期货和衍生品法》(下称“《期货和衍生品法》”或“该法”)的实施标志着中国衍生品市场发展迈出了一大步。除了为期货和场外衍生品的交易、清算和结算提供全面的框架外,它还首次为终止净额结算的可执行性提供了法律保护。随着该法的出台和进一步落实,中国衍生品市场将迎来发展的新篇章。本次活动邀请在岸和离岸市场不同类型的机构,分享国际市场在基础机制建设经验和衍生品交易和风险管理的最佳实践,探讨在中国经济转型和深化开放背景下衍生品市场的支持作用和发展机遇,以期为中国当局和市场参与者建设更加充满生机活力且稳健安全的衍生品市场提供一定参考。

 

This is a pre-recorded Virtual Conference

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Recording available until December 18, 2022

 

 

This is an ISDA Virtual Conference:

  • This pre-recorded conference is delivered in English or Chinese, with simultaneous interpretation provided
  • This is a recording of the Derivatives Markets in China – A New Era virtual conference which took place on November 18, 2022
  • Registrants will have access to the recording until 5:00 PM HKT on December 18, 2022
  • After submitting your registration, you will receive a confirmation email with a link to view the documents and recording
  • 研讨会以中文或英语进行,并提供中英同声传译
  • 这是于2022年11月18日举行的中国衍生品市场新篇章线上研讨会的录像
  • 登记者可在2022年12月18日, 香港时间下午5时前重复观看研讨会录像
  • 提交注册后,您将收到一封电子邮件包含研讨会录像链接及会议材料

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Friday, November 18, 2022

Print Agenda Derivatives Markets in China – A New Era for

9:00 AM Opening Remarks | 开幕词 Scott O’Malia

Scott O’Malia, Chief Executive Officer, ISDA

9:05 AM Keynote Address | 主题演讲 Lifeng Peng

Lifeng Peng, Deputy Director-General, Financial Market Department, The People's Bank of China

9:20 AM Keynote Address | 主题演讲 Yuanyuan Cao

Yuanyuan Cao, Deputy Secretary General, National Association of Financial Market Institutional Investors

9:35 AM Outlook for China’s Derivatives Market Infrastructure | 展望中国衍生品市场的未来格局 Fang Zhang, Aaron Chen, Ph.D., Bin Tan, Terry Yang, Arthur Yu

With the Futures and Derivatives Law now in place, what is next? This panel will explore possible next steps in the development of China’s derivatives market infrastructure to align with global practices while suiting the local market. Topics will include perspectives on reporting requirements, third-country registration/recognition of Chinese central counterparties and margin obligations.

《期货衍生品法》为衍生品市场重要基础机制提供法律支撑,市场机构对后续的落地进程和方案都非常关注。本小组将从交易报告、中国中央对手方的跨境认证、双边清算履约保证金机制等方面分享国际经验,结合中国的实际情况探讨发展建议,促进中国衍生品市场在基础机制建设上与全球惯例更高质量的接轨。

Moderator: Fang Zhang, Senior Legal Counsel, JPMorgan Chase Bank (China) Company Limited
Aaron Chen, Ph.D., Director in Product Management and Global Regulatory Data Harmonization Lead, Repository and Derivatives Services, DTCC
Bin Tan, Senior Legal Counsel, China International Capital Corporation (International) Limited
Terry Yang, Partner, Clifford Chance
Arthur Yu, Senior Legal Manager, Shanghai Clearing House

10:20 AM Break | 休息

10:30 AM Opportunities and Product Innovations in China’s Derivatives Market | 中国衍生品市场的发展机遇及产品创新 Steven Kennedy, John Laws, Jacky Mak, Andrew Ng, Yuan Yuan

Derivatives play a critical role in supporting vibrant capital markets, enabling market participants to alleviate uncertainty, transfer risk and enhance returns. This session will look at opportunities for China’s derivatives markets to support economic growth and open up the onshore financial market, with a focus on the onshore interbank markets for interest rate derivatives, credit derivatives and carbon derivatives.

衍生品在为资本市场提升活力,帮助金融机构和实体企业等不同类型的市场参与者减轻不确定性,转移风险并提高回报等方面发挥着关键作用。本节将探讨中国的衍生品市场在支持中国经济新发展格局的构建和高质量的金融市场开放进程中面临的发展机遇,并重点关注在岸银行间市场的利率衍生品、信用衍生品和碳衍生品市场。

Moderator: Steven Kennedy, Global Head of Public Policy, ISDA
John Laws, Managing Director, Head of APAC Regulatory and Government Relations and Policy, Barclays
Jacky Mak, Managing Director, Head of Structured Product Development, Markets Division, Hong Kong Exchanges and Clearing Limited (HKEX)
Andrew Ng, ISDA Board Member, Group Executive, Head of Treasury and Markets, DBS Bank
Yuan Yuan, Assistant Director, Institution Service Department, China Financial Futures Exchange

11:05 AM Break | 休息

11:10 AM Driving Efficiency and Robustness in Derivatives Markets | 提升金融机构衍生品业务的效率和稳健性 Benoît Gourisse, Navin Desor, Jing Jia, John Liu

This panel will consider steps China’s financial institutions could take to develop and maintain a strong risk management and governance framework within their derivatives operations. The session will also describe measures that can be taken to drive efficiency and automation in derivatives trading, collateral management and reporting.

该小组将思考中国金融机构下一步可以采取的措施,以在其衍生品业务中建立和维持强大的风险管理和治理框架。该部分讨论还将介绍可采取哪些措施来提高在衍生品交易、抵押品管理和交易报告等过程中的效率和自动化程度。

Moderator: Benoît Gourisse, Head of Public Policy, Asia Pacific, ISDA
Navin Desor, Regional Head of Legal, Markets and Securities Services, Asia Pacific, HSBC
Jing Jia, Senior Legal Counsel, Commercial, Corporate & Institutional Banking, Standard Chartered Bank (China) Limited
John Liu, Managing Director, Head of Greater China FICC Franchise, Goldman Sachs

11:45 AM Conference Concludes | 研讨会结束

Register Now for Derivatives Markets in China – A New Era
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Yuanyuan Cao

Deputy Secretary General

National Association of Financial Market Institutional Investors

Aaron Chen, Ph.D.

Director in Product Management and Global Regulatory Data Harmonization Lead, Repository and Derivatives Services

DTCC

Navin Desor

Regional Head of Legal, Markets and Securities Services, Asia Pacific

HSBC

HSBC

Benoît Gourisse

Head of Public Policy, Asia Pacific

ISDA

ISDAConferences

Jing Jia

Senior Legal Counsel, Commercial, Corporate & Institutional Banking

Standard Chartered Bank (China) Limited

Steven Kennedy

Global Head of Public Policy

ISDA

ISDAConferences

John Laws

Managing Director, Head of APAC Regulatory and Government Relations and Policy

Barclays

John Liu

Managing Director, Head of Greater China FICC Franchise

Goldman Sachs

Jacky Mak

Managing Director, Head of Structured Product Development, Markets Division

Hong Kong Exchanges and Clearing Limited (HKEX)

Andrew Ng

ISDA Board Member, Group Executive, Head of Treasury and Markets

DBS Bank

Scott O’Malia

Chief Executive Officer

ISDA

ISDAConferences

Lifeng Peng

Deputy Director-General, Financial Market Department

The People's Bank of China

Bin Tan

Senior Legal Counsel

China International Capital Corporation (International) Limited

Terry Yang

Partner

Clifford Chance

Clifford_Chance

Arthur Yu

Senior Legal Manager

Shanghai Clearing House

Yuan Yuan

Assistant Director, Institution Service Department

China Financial Futures Exchange

Fang Zhang

Senior Legal Counsel

JPMorgan Chase Bank (China) Company Limited

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