Opening proceedings for the two-day conference was Mr. Lu Hongjun, President and Professor at PCEC Shanghai International Institute of Finance. Mr. Lu highlighted the role of financial shocks in stimulating past waves of M&A and consolidation around the world. He then went on to consider the opportunities posed by present conditions in China and the imperative for Chinese companies to grapple successfully with global growth, before closing with some remarks on the challenges specific to executing M&A deals in China, especially successful post-deal integration and growth.
Mr. Lu was followed in the afternoon by Dr. Qian Wang, Greater China Economist at JPMorgan in Hong Kong. Dr. Wang delivered an in-depth review of the major macroeconomic trends impacting the global economy and their expected braking effect on China's domestic economy, before concluding that given China's forex reserves and the government's policy flexibility, although growth may slow, it is likely to remain above 7% for the forseeable future.
Next year's event takes place from 16-18 September in Shanghai. We look forward to seeing you there.
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