Sustainability And Active Risk Management in China’s Credit Market

InvesTAO China Sustainability Webinar Series
This document is for institutional investors only
HostInvesTAO
Panellist(s)HSBC, Haitong Securities, Climate Bonds Initiative
Date14 October 2020

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Summary

Is China’s credit mispriced? When we look into the risks in Chinese markets, misconception might be found – Up to Q1 2020, China’s general government debt to GDP ratio stands at c. 48% (versus that of US at c. 105%), while housing price and global leverage in China are remaining high.

A lot of “unrated” debt securities can be found in the Chinese market. How should investors understand risk associated with the Chinese credit market correctly? What are the key components of effective risk management in building a sustainable finance business? What are the required capabilities and areas of expertise to make this happen in China?

In this webinar, discussions will be made around the topics including:

  • What are the key components of effective risk management in building a sustainable finance business?
  • What are the required capabilities and areas of expertise to make this happen?
  • Can sustainable investing help offset China’s credit risk?

Panellists' Bio

Speaker
Alan Smith
Senior Advisor – Climate and ESG Risk Management, HSBC

As a member of HSBC’s Climate Business Council, Alan also co-chairs the HSBC Climate Risk Oversight Forum. He is an active member of The Coalition for Climate Resilience Investment, established in 2019, that brings together over 30 organisations across the investment value chain to address climate resilience challenges. Prior to his current role, to which he was appointed to on 1 April 2020, Alan was Global Head of Risk Strategy and Chief of Staff to Group Chief Risk Officer at HSBC. Alan has worked with HSBC for over 25 years in a variety of senior finance, risk and capital management roles in London and in Saudi Arabia.

Speaker
Renee Li
Cross-border Investment Portfolio Manager, Haitong Securities

Renee Li has over 9 years of experience managing investments in Chinese fixed income market and cross-border transactions and a deep understanding on LGFVs. The total size of mandates under her management has amounted to CNY 10bn. Prior to Haitong, Renee worked as a FICC sales trading at Donghai Securities which is the top onshore flow desk. She holds a Master’s degree from Fudan University.

Speaker
Alan Meng
Head of Data Analysis and Services, Climate Bonds Initiative

Alan Meng is the Head of Data Analysis and Services based in the Climate Bonds Initiative’s London office. He leads the green bond data analysis and research on green finance policies. Before joining CBI, he worked for a sustainability consultancy in Beijing and authored books and reports on corporate sustainability. He holds a MSc in Environmental Technology from Imperial College London.