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Day 6
Friday, January 23
Confirmed
HSBC Global Research Meeting
09:00 - 10:30
Fuchengmen Meeting Room, HSBC Office
16/F Fortune Financial Center
No. 5 Dongsanhuan Zhong Road, Chaoyang District, Beijing
Context
HSBC is a leader in cross-border RMB transactions and has underwritten multiple Panda bonds, including for forestry sector companies. This meeting focuses on gaining expert macroeconomic perspective on RMB internationalization, China's capital markets evolution, and green finance innovation.
Objectives
- Gain expert macroeconomic perspective on RMB internationalization
- Understand China's capital markets evolution and green finance innovation
- Focus on Panda bonds as strategic financing tool for multinationals like CMPC
- Learn from the Suzano case study
Meeting Agenda
9:00
Opening and Introduction
Danish QURESHI (via Zoom) • 5 min
9:05
Macro Economy Trends & China Market Deep-Dive
Erin Xin • 30 min
9:35
Q&A: How China Finances Its Economy Today & Future Evolution
Erin Xin • 10 min
9:45
China Bond Market & Corporate Practice Deep-Dive
Shu Liang • 20 min
10:05
HSBC Sustainability Policy & Sustainable Finance Trends
Yuan Yuan • 5 min
10:10
CMPC's China Market Strategy & HSBC Support Discussion
Facilitated by Lewis Liu • 20 min
Topics
RMB internationalization
China capital markets
Green finance innovation
Panda bond market
Suzano case study
Sustainable finance
HSBC Participants
DQ
Danish QURESHI
Head of Global Network Banking, HSBC
Joining via Zoom
EX
Erin Xin
Director and Greater China Economist, HSBC Global Research
LL
Lewis Liu
VP of Global Network Banking, HSBC Bank (China) Company Limited
SL
Shu Liang
VP, Onshore China Debt Capital Markets, HSBC Bank (China) Company Limited
YY
Yuan Yuan
SVP, Climate Change, Global Sustainability, HSBC Bank (China) Company Limited
CMPC Visitors
BL
Bernardo Larraín Matte
Chairman of the Board, CMPC
FR
Francisco Ruiz-Tagle
CEO, CMPC; Vice Chair of Executive Committee, WBCSD
RV
Raimundo Varela
Commercial Vice President, CMPC
JT
José Tomás Corthorn
Managing Director, CMPC Asia
ZW
Zhou Weidong
Chief Representative, WBCSD China
Suggested Questions
- 1 What is your 3-5 year outlook for the Chinese economy and RMB exchange rate?
- 2 Would CMPC be an attractive Panda bond issuer? What factors matter to Chinese investors?
- 3 What were the key success factors in the Suzano transaction?
- 4 How does Panda bond pricing compare to USD/EUR for similar credits?
Notes
- Suzano case: 1.2B RMB, 3 years, green Panda bond (Nov 2024)
- Relevant model for CMPC financing strategy
- Danish QURESHI joining remotely via Zoom