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An Agenda for China and the United States

2004    2005    2006    2007    2008    2009    2010    2011    2012    2013    2014

June 11-13, 2004 • Beijing, China

The inaugural China-U.S. Symposium was held at the Diaoyutai State Guesthouse in Beijing, China, at a time of increasing economic growth in both China and the United States. In the months before the Symposium, the Chinese government had taken steps to limit the extension of bank credit in China in an effort to slow down China’s high growth rate, and China’s State-Owned Banks were in the process of disposing of their NPLs to improve their balance sheets. The first session at the Symposium focused on the development of a market-based financial system in China, and there was consensus of optimism over China’s ability to avoid a financial system crisis. The second session addressed corporate governance issues, which China and the United States approach from different directions. The Symposium concluded with a session discussing the need for—and possible timing of—China’s liberalization of controls on outward capital flows and the floating of its currency. 

•  The Role of the Financial Systems of China and the U.S. in the Development of Their Economies
•  The Approach of the Financial Systems of China and the U.S. to Fostering Corporate Governance and Serving Multiple 
•  How Financial Issues Between China and the U.S. Affect the Flow of Investment and Trade

Keynote Speakers
• Lou Jiwei, Executive Vice Minister, Ministry of Finance
• Zhou Xiaochuan, President, The People’s Bank of China
• Paul Speltz, Emissary of the U.S. Secretary of the Treasury to the People’s Republic of China

Symposium Materials
Final Report
• Final Presentation

2004 China-U.S. Symposium Sponsors

• AIG Companies
• Bank of China
• China International Capital Corporation
• CITIC Pacific Group
• Citigroup Asia, Inc
• Davis Polk Wardwell
• Deloitte
• Gallant Ho & Company
• JPMorgan Chase
• Morgan Stanley Asia
• Ping'An Insurance

Last modified: December 04, 2014

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