Credit Trends 2019

Thursday, February 28, 2019

February 2019

Conference

Credit Trends 2019

The turning credit cycle

thursday, November 08, 2018
merchant taylors' hall, london

Credit Trends 2019

The turning credit cycle
Thursday, February 28, 2019
February 2019
Park Hyatt
Shanghai

Credit Trends 2019

The turning credit cycle

Thursday, February 28, 2019
February 2019
Park Hyatt
Shanghai

Credit Trends 2019

The turning credit cycle

Thursday, February 28, 2019
February 2019
Park Hyatt
Shanghai

Credit Trends 2019

The turning credit cycle

Thursday, February 28, 2019
February 2019
Park Hyatt
Shanghai

Credit Trends 2019

The turning credit cycle

Thursday, February 28, 2019
February 2019
Park Hyatt
Shanghai

As the credit cycle turns, what will be the impact across different regions and sectors?

Moody’s CreditTrends will focus on credit outlooks and risks for 2019, as well as the longer-termvulnerabilities to watch out for.  Lookbeyond the short-term shocks into long term risks

The event serieswill engage key market players – investors, issuers, economists, regulators andcredit analysts – and look beyond the headlines to provide a comprehensivemarket view for the year ahead.  

Why Attend?

<div class="custom-container w-container"><div class="custom-item-holder alt"><img class="custom-item-icon alt" src="https://global-uploads.webflow.com/59faed4401b9500001e97e74/5ae342314cc19f6883e3c11f_discover2-white.png"><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Keep track of market risks</h1><p class="custom-item-para alt white">Stay informed about global, regional and local market risks and key rating trends</p></div></div><div class="custom-item-holder alt"><img class="custom-item-icon" src="https://global-uploads.webflow.com/59faed4401b9500001e97e74/5ae342ff8cb7533468114601_Analyze%202.png"><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Analyze the credit impact</h1><p class="custom-item-para alt white">Analyze credit outlooks and discover how long-term trends will shape the market in 2019</p></div></div><div class="custom-item-holder alt"><img class="custom-item-icon" src="https://global-uploads.webflow.com/59faed4401b9500001e97e74/5ae3432d0d74803949144d7f_network2.png"><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Engage with your peers</h1><p class="custom-item-para alt white">Engage with the global investor and issuer community and get your questions answered by senior credit analysts</p></div></div></div>

Agenda

08.30          Conference Registration

09.00          Opening Remarks

Li Ma, Managing Director,Corporate Finance Group, Moody’s

09.10          Big Picture Presentation

Why are global credit conditions weakening?

  • Will the growth, funding and liquidity landscape change over the next 12 months?
  • How will US trade policy affect sectors and regions?
  • What are the geopolitical risks and how significant are they?
  • Which are the longer-term credit risks to watch out for?

Michael Taylor, Managing Director and Chief Credit Officer, Asia Pacific, Moody's

09.35          Sovereign Presentation

What is happening as the credit cycle turns?

  • What are the drivers and risks to the country’s growth?
  • What is the sovereign’s exposure to and buffers against tightening financing conditions?
  • What are the other main sovereign credit drivers?

Martin Petch, Vice President - Senior Credit Officer, Sovereign Risk Group, Moody’s

Followed by a Spotlight Conversation with

Michael Taylor, Managing Director and Chief Credit Officer, Asia Pacific, Moody's (moderator)

Yan Hong, Professor of Finance, Shanghai Advanced Institute of Finance (SAIF)

10.20           Networking & Coffee Break

10.40          Banking Plenary Session

How resilient are the banks to market and credit shocks?

  • Are banks prepared for the next downturn?
  • How strong are Asia Pacific banks in withstanding potential shocks?
  • What are the new risks and sources of competition?

Stephen Long, Managing Director – Global Banking, Financial Institutions Group, Moody’s

Minyan Liu, Associate Managing Director, Financial Institutions Group, Moody’s

Yulia Wan, Assistant Vice President– Analyst, Financial Institutions Group, Moody’s

Ping Lian, Chief Economist,Bank of Communications

11.25          Corporate & Infrastructure Plenary Session

How strong are corporate and infrastructure fundamentals as the credit cycle turns?

  • What are the challenges facing rated Chinese corporate and infrastructure issuers in 2019?
  • How have trade tensions affected credit quality and could they lead to contagion risk?
  • Will SOEs continue to deleverage in a more challenging environment?
  • How is the LGFV business model evolving, and how is that shaping government support?
  • Is refinancing risk manageable ?

Li Ma, Managing Director, Corporate Finance Group, Moody’s

Kai Hu, Senior Vice President, Corporate Finance Group, Moody’s

Jin Wu, VP – Senior Credit Officer, Corporate Finance Group, Moody’s

Ada Li, VP – Senior Analyst, Public, Project and Infrastructure Finance Group, Moody’s

Tao Zheng, QDII Portfolio Manager, Bank of China Investment Management  

Rui Chen, Deputy General Manager, Credit Rating Dept, Taiping Asset Management

12.10           Close of the conference

Speaker

Speakers

Ma Li

MD-Corporate Finance

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

MD-Corporate Finance

Ma Li

Li Ma is a Managing Director for Moody’s Investors Service and is based in Shanghai. Li’s first stint at Moody’s was between June 2002 and August 2007. He left Moody’s as a Senior Analyst and Vice President in the Structured Finance Group in Hong Kong to work for the Royal Bank of Scotland (RBS). At RBS, Li held multiple credit review and approval roles before his appointment as the Chief Risk Officer in China. Li rejoined Moody’s in April 2013, served as the President of China Chengxin International Credit Rating Co. Ltd.

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Michael Taylor

Managing Director and Chief Credit Officer,

Asia Pacific

Moody's Investors Service

Moody's Investors Service

Asia Pacific

Managing Director and Chief Credit Officer,

Michael Taylor

Dr. Michael Taylor is a Managing Director for Moody’s Investors Service. He is also Moody’s Chief Credit Officer for the Asia Pacific region. Michael leads regional research, particularly with a cross-sectoral and macro credit focus, as well as coordinating major regional analytical initiatives.

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Stephen Long

Managing Director - Global Banking

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Managing Director - Global Banking

Stephen Long

Stephen Long is a Managing Director co-responsible for Moody’s global bank ratings. He is based in Hong Kong and primarily focuses on bank ratings in the Asia Pacific region. He is also responsible globally for Moody’s ratings of non-bank financial institutions.

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Minyan Liu

Associate Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Associate Managing Director

Minyan Liu

Minyan Liu is an Associate Managing Director for the Financial Institutions Group in Asia. Based in Hong Kong, Minyan is responsible for the management of Moody’s bank credit portfolio in Greater China, Korea and Mongolia.

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Yulia Wan

Assistant Vice President – Analyst

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Assistant Vice President – Analyst

Yulia Wan

Yulia Wan is an Analyst with Moody’s Financial Institutions Group in Asia. Based in Shanghai, she is responsible for a portfolio of banks in Mainland China.

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Kai Hu

Senior Vice President

Moody's Investors Service

Moody's Investors Service

Senior Vice President

Kai Hu

Kai Hu is a Senior Vice President in Moody’s Corporate Finance Group, based in Shanghai. He covers a portfolio of large Chinese state-owned enterprises. Before joining Moody’s, Kai worked in credit risk management, trade finance and project finance at various financial institutions, including Citigroup and China Merchants Bank in New York and Bank of Communications, Shanghai Pudong Development Bank in Shanghai.

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Jin Wu

VP-Sr Credit Officer

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

VP-Sr Credit Officer

Jin Wu

Jin Wu is a Vice President-Senior Credit Officer in the Corporate Finance Group. Based in Shanghai, Jin covers a portfolio of large Chinese state-owned enterprises. Prior to Jin’s current role, he worked for Moody’s affiliate, China Chengxin International Credit Rating, and managed different rating groups there.

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Martin Petch

Vice President - Senior Credit Officer

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Vice President - Senior Credit Officer

Martin Petch

Martin Petch is a Vice President – Senior Credit Officer with Moody’s Sovereign Risk Group. Based in Singapore, he covers a portfolio of sovereign credits in the Asia Pacific region – including China, Australia, Hong Kong - as well as credits in Central Asia and the Caucasus.

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Ada Li

VP-Senior Analyst

Public Proj & Infrastr Fin

Moody's Investors Service

Moody's Investors Service

Public Proj & Infrastr Fin

VP-Senior Analyst

Ada Li

Ada Li is a Vice President - Senior Analyst with the Public Project & Infrastructure Finance Group, covering a portfolio of Chinese and Hong Kong infrastructure companies across utilities, ports, metro and toll roads.

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Further information

For more information please contact:

Shelley Dong, Associate-Events & Outreach

Shelley.dong@moodys.com