The Impact of the Evergrande Crisis on China’s Economy (WSCRC Member only Event)
With the issues surrounding Evergrande Group front-page news, are we witnessing China’s Lehman moment? Will credit lines tighten for property developers or will red line restrictions on bank loans extend to other industries? Will foreign companies in China still have access to credit? Is now the time to invest in real estate in China and will we see a smooth landing and life in China return to normal?
If you are getting a slew of questions from headquarters or have some general academic interest in Evergrande, China’s land and property markets, or the macroeconomy, please join an event of Shanghai AmCham’s Real Estate, Design and Construction Committee and Manufactures’ Business Council for a panel event to explore these issues and get some answers and perspective from a select group of experts.
This event is co-hosted by AmCham Shanghai and Washington State China Relations Council.
This session is an off the record, WSCRC member only event and will not be recorded. Please email manw@wscrc.org for registration information.
PANELISTS
Dr. Nan Li is an Associate Professor in Finance at the Antai College of Economics and Management (ACEM), Shanghai Jiao Tong University (SJTU). She is the Vice Director of SJTU Securities Research Investment Institute, and a member of the Banking Industry Research Group in SJTU Institute of Industry Research. After receiving Ph.D. in Economics from the University of Chicago in 2005, she started her academic career in Department of Finance, NUS Business School in National University of Singapore. She was Affiliated Researcher at the Risk Management Institute and the Institute of Real Estate Studies in NUS.
Nan Li’s research field is financial economics and financial econometrics with focuses on macro asset pricing. Her current works include pricing of ambiguity, value and risk of intangible capital, and robust decision-making under ambiguity in the financial market. Her work with Lars Peter Hansen (Nobel Laureate in Economics in 2013) and John C. Heaton on Consumption Strikes Back? Measuring Long-Run Risk was published in the Journal of Political Economy in 2008.
Han Shen Lin is the Capstone Project Director and Assistant Professor of Practice in Finance at NYU, and Former Senior VP & Deputy General Manager of Wells Fargo Bank China. While at Wells Fargo, Han Shen Lin oversaw the bank’s China governance and risk management. Han also led the China Corporate Banking business which advised Wells Fargo MNC clients on their U.S.-China cross-border strategic financing and trade needs. Earlier bank roles included Asia Financial Institutions Payments Product Sales Manager, Senior Coverage Banker in the China Financial Institutions Group (FIG), and corporate strategic projects analyst.
Han holds an MA in International Studies from the Johns Hopkins School of Advanced International Studies, an MS in Global Finance from HKUST-NYU Stern, and an LLM in China Civil and Commercial Law from Fudan University Law School. He completed his undergraduate degree in business (BBA) at the University of Michigan in Ann Arbor.
Han is active in the American Chamber of Commerce, Shanghai, having served on the Board of Governors, and as a former Chair of the Chamber’s Financial Services Committee. He served on the Advisory Board of the MSQF program (2018-2021) and is concurrently a lecturer for the HKUST-NYU Stern MS in Global Finance (MSGF) program.
Dr. Spencer Cohen is the Principal and Founder of High Peak Strategy, an international trade and economics research consulting firm based in Seattle, WA. He consults and writes extensively on international trade, China’s economy, industry clusters, and regional economic analysis. He has written opinion pieces in the South China Morning Post, The Daily Guardian (India), Puget Sound Business Journal, and Seattle Business Magazine. Prior to forming High Peak Strategy, he served as senior economist with a Seattle-based economics consulting firm. He has also held policy and research roles with the State of Washington.
Spencer is a 2021-2023 Public Intellectuals Program fellow with the National Committee on U.S.-China Relations, a 2020-2021 Seattle World Affairs Council Fellow, and Senior Fellow with Infinite Sum Modelling, an economics modeling and research firm whose clients include the World Bank, Asia Development Bank, and various national governments. He is also an affiliate professor in the Department of Geography at the University of Washington.
Dr. Cohen has a PhD in economic geography from the University of Washington. He has an MA in China Studies, also from the University of Washington, and BA in mathematics and history from the University of Connecticut.
James Macdonald was appointed as Head of Savills Research, China in 2007. He has the overall responsibility to ensure the successful delivery and expansion of Savills research capabilities as well as to consolidate and integrate all research activities across mainland China. The research team covers a wide range of cities and assets classes.
The increased capabilities of the Research department will support the continuing expansion of the company in one of the world’s fastest developing nations, securing Savills position as a dominant player in the China real estate market.
As the head of research James has spoken at numerous conferences hosted by PERE, REIW, MIPIM and ULI as well as various other chambers of commerce and investment banks, he is also frequently cited in both the trade press and mainstream business press.
Originally from London, UK, James has lived and worked in Shanghai since 2002. Since joining Savills that year, James has been actively involved in the growth of the Research department, advising and liaising with numerous international and domestic developers, and financial institutions.
MODERATOR
Ted Hornbein is the Director of China Operations at Rea Magnet Wire. Ted has spent over 25 years managing China operations in various manufacturing industries including die casting, injection molding and compression molding in construction, electronics and telecommunications markets.
Ted’s companies have accelerated their business growth by tapping his knowledge in the governmental regulatory requirements, unique business culture, and manufacturing supplier sourcing market within Asia Pacific and China. Ted is a current member and 3-time elected Board of Governor of AmCham Shanghai; and former Vice Chairman of the Manufacturing Business Council of AmCham Shanghai.
Ted is a Mandarin speaker and holds an MBA from The University of Chicago, Booth School of Business.