News & Events
25th May, 2017
CCX Forum on "Chinese Enterprises Offshore Financing and HK Bond Market"
was successfully held in Hong Kong
The CCX Forum on "Chinese Enterprises Offshore Financing and HK Bond Market", which was jointly organized by the China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) and the China Chengxin International Credit Rating Co., Ltd. (“CCXI”), was successfully held on 24th May in Grand Hyatt Hong Kong with an attendee over 200 people in spite of the black rainstorm hoisted in the morning.
In recent years, the internationalization of RMB and the opening of China’s bond market have been deepened. As an important international financial center, Hong Kong has been the major offshore financing channel for Chinese companies. Chinese real estate companies are the pioneer to enter the global capital markets and occupy an important position in Hong Kong’s capital markets. There are different views on the credit capacity of Chinese real estate corporations recently and therefore, the CCX Group released the industry research report of “Chinese Real Estate Companies Credit Analysis and Outlook” on the forum, to highlight the viewpoint from CCX regarding the underestimation of credit capacity of Chinese real estate corporations.
Professionals from CCXAP, CCXI, representatives from well-known real estate corporations, domestic and international underwriters, issuers, investors and financial firms were gathered together.
The forum was hosted by Ms. Ariel YANG, Brand Director of CCXI. The welcoming speech was given by the Chairman of CCXI, Mr. YAN Yan and Chairman of CCXAP, Mr. Philip LI. Dr. MAO Zhenhua, Founder and Chairman of CCX Group, shared along with his strategic keynote presentation on” Real Estate Policy: Weighing Between Risk Control and Steady Growth”; Mr. Antony LEUNG, Chairman and CEO of Nanfung Group, shared keynote presentation on “A Point of View on the Real Estate Markets in the Mainland and HK”; Mr. Gang LI, Co-head of Market Development of HKEX, gave his presentation on “Continuous Promotion and Improvement on Mechanism of Interconnection”; Mr. Jinhong SHAO, CEO of CCXAP presented the speech on “Credit Analysis and Outlook on Chinese Real Estate Industry “. Last but not the least, Mr. Jian ChENG, Managing Director from Haitong Securities, gave his sharing on Investment Strategy of Chinese Dollar-Bond.
Moving forward, a panel discussion hosted by Mr. Jinhong SHAO, CEO of CCXAP, together with Mr. Qingan LI, Executive Director of Greentown China Holdings Limited; CFO of CIFI Holdings (Group) Co., Ltd., Mr. Albert YAU; Director of Asia Pacific International Capital Market Association, Ricco ZHANG, and, Managing Director of Credit Suisse, Mr. Joe LAI was held. They gave fruitful sharing on the history, current and future development of offshore financing for Chinese real estate companies combined with their own business experiences.
The release on the industry research report of “Chinese Real Estate Companies Credit Analysis and Outlook” on the forum was highly appreciated by the participants. With enthusiastic response from participants, CCX will also continue to play a positive role in promoting offshore financing for Chinese real estate enterprises.