Whether China could resist the risks of economic structure adjustment?

China's economy will need to provide energy and innovation spirit. Conference contents involve economic slowdown pressure, structural adjustment, overcapacity governance, evolution of local government debt risk, financial risk. And the above problems for the impact on related industry credit risk, the role of the securitization of credit markets and to default normalization and the capital market allocation efficiency and so on.     

 1. The role of asset securitization in deepening China's credit market

n  Securitization promotes consumption asset growth

n  Alternative sources of finance under the credit crunch

n  The benefit with the securities and reward match

2. Whether Chinese enterprises have ability to resist the credit crunch and operating environment of weaker

n  Steel and coal etc. excess capacity, such industry under pressure

n  Most real estate developers have good financial cushion to cope with the challenges

n  Large state-owned enterprises can benefit from the reform, government support and smooth financing channel

3.  Whether China's sovereign rating could bear the brunt of the slowdown?

n  In 2014 and beyond China's macroeconomic fundamentals

n  China's sovereign credit buffer protection

n  The bad situation on ratings

4. Overcapacity governance's impact on related industry credit risk

n  Intensify the excess capacity of governance

n  Away capacity and leverage to promote industrial structure optimization

n  Credit status differentiation accelerate 

5. The significance of the development of municipal bond market in China

n  Read local government bond issuance of the new policy

n  The bond market provide more reliable financing channels

n  More transparency would help distinguish between credit risk