Haiyan Liu | Counselor for Commercial Affairs, Consulate General of P.R. China in Los Angeles
Christine Loh | Visiting Professor, UCLA Anderson; Chief Development Strategist, Institute for the Environment, Hong Kong University of Science and Technology; Former Undersecretary for the Environment, Hong Kong S.A.R. Government
Brian Peck | Director, Transnational Law and Business Center, USC Gould School of Law; Former Deputy Director, International Affairs and Business Development, Governor’s Office of Business and Economic Development
MODERATOR: Jerry Nickelsburg | Adjunct Full Professor of Economics; Director, UCLA Anderson Forecast
Description: Trade and economic relations between the U.S. and China are of great significance for the stability and development of the global economy. As the world’s two largest and highly interdependent economies tussle for global influence, there is a need to enhance mutual trust, promote cooperation and manage differences. Over the last year, the escalation of trade tensions between the U.S. and China has become one of the major concerns of business and investment communities both domestically and globally. China’s strategy to upgrade its industrial and technological capabilities has been identified as critical to the country’s economic competitiveness and growth in the 21st century. While it can be argued that U.S. companies and international corporations are unfairly disadvantaged by such an upgrading strategy, such a strategy that aims to shift a country’s economy into higher-value added sectors is not unique to China and is quite standard for developing countries as they look to industrialize. For China’s economic partners such as the U.S., the country’s economic advancement could open up opportunities for a mutually beneficial deepening of economic, technological as well as political cooperation. In the short run, U.S. enterprises may benefit from an increased demand for smart manufacturing in China; however, in the long run, U.S. businesses may face rising competition from their Chinese counterparts. There are also causes for concern to U.S. businesses as the strategy appears to intervene in domestic markets to facilitate the economic dominance of Chinese enterprises and disadvantage foreign competitors. In principle, the global economy has good reasons to welcome China’s quest for increased innovation capacity, provided that China abides by the principles and rules of open markets and fair competition. It could also contribute to the development of both countries, promote market reforms in China and competitiveness globally. How will the new era of U.S.-China relations and China’s industrial and technological upgrading affect cross-border businesses and investment opportunities? How can enterprises navigate possible challenges and leverage opportunities to enhance mutual trust, promote cooperation and manage differences? What industries are synergistic to both countries and will provide the greatest opportunities for collaboration? What role will China’s own domestic market play in the country’s industrial upgrading? Panelists will share their thoughts and perspectives on these questions and issues.
TECHNOLOGICAL INNOVATION: The Importance of Collaboration in Advanced Technologies, Scientific Advancements and R&D| Korn Convocation Hall
Jacky Huang | Chief Executive Officer, American Wonder Porcelain
Brice Nzeukou | Product Manager, Ampaire, Inc.
Julia Qian | Managing Director, The Blueshirt Group
Jeffrey Yang | Chief Financial Officer, Global Win Capital Corporation, a subsidary of Shanying International
MODERATOR: Heidi Feng (B.A. '02) | Deals Managing Director – Accounting Advisory, PwC
Description: As rapid technological advancements promise new and exciting changes to industry, society, and lifestyles, the U.S. and China - the world’s first and second largest research and development spending countries and home to the world’s largest tech companies – are well positioned to lead this next phase of technological innovation. During the 19th Party Congress, President Xi Jinping emphasized innovation as the primary driving force behind development and the strategic underpinning for building a modernized economy. Companies and institutions are pushing ahead on new frontiers of research, science and advanced and disruptive technologies, such as artificial intelligence, advanced manufacturing and autonomous driving, building a digital China and a smart society as well as its aspiration to become a world leader in artificial intelligence. Innovation in science, technology and R&D have long been core drivers of the U.S. economy. In China, technology driven transformation has more recently been enabled by Government policy, changes in consumer preferences and enterprise driven innovation. Companies based in China have also shifted their attention beyond the domestic market as the technology sector expands, and this trend is expected to continue. The U.S. has been a preferred destination for Chinese investors seeking investments that allow them to upgrade technology and innovative capacity in various fields ranging from environmental protection to food safety to medicine to hybrid vehicles. While China has led the world in such some technologies, such as mobile payments, it lacks technological innovation capacity in certain high-end science and technologies, such as industrial robots, chips, and medical devices, prompting Chinese companies to collaborate with the U.S. by investing in, forming research consortiums with, and acquiring U.S. counterparts. However, such collaborations face increasing challenges as Chinese authorities tighten administrative reviews for capital outflows and the U.S. government heightens its scrutiny of Chinese investments in the U.S. Amid the tension and uncertainty with U.S. and China relations, is there a path for a collaborative future of global innovation driven by the world’s two superpowers? Panelists will share their experiences driving innovation and change by developing new strategies, technologies, products and business models and discuss their successes, observations and lessons learned from cross-border collaborations. They will also share their vision on the globalization process of Chinese technology firms and offer perspectives on the trends and future opportunities that lie ahead for U.S.- China collaboration.
IMPROVING PEOPLES WELLBEING: Opportunities in Healthcare, Eldercare, Housing, Education and Environmental Protection | C-315, Entrepreneurs Hall
Greg Balen (’04) | Vice President, Corporate Homebuilding Operations, Landsea Homes
David N. Fong | Founding Partner, Redbridge Capital LLC
Ruhong Jiang | Chief Executive Officer, Applied StemCell, Inc.
MODERATOR: John Ho ('18) | Chief Executive Officer, Landsea Homes
Description: China’s rapid economic growth and modernization has led to increased awareness of the importance of wellbeing – both as a prerequisite for people's all-round development as well as a precondition for economic development and social stability. The development of a ‘Healthy China’ is central to the Chinese Government’s agenda for health and development – and has the potential to create huge opportunities across many sectors for businesses around the world. There will be new bright spots for investment in the areas of innovation and new technology, improving people’s well-being, green development and environmental protection. China’s rapidly aging population is also increasing demand for elder care, providing opportunities for both domestic and foreign companies alike. The U.S. is a country with significant experience and best practices in providing solutions that make positive contributions to the well-being of society. Hence, there are numerous opportunities for Chinese companies to both learn from and cooperate with U.S. firms in related areas such as healthcare, education, and environment protection. While limitations in transfers of capital overseas, foreign buyer restrictions, taxes in key markets and a predicted slowdown of the Chinese economy have presented barriers to Chinese investment in the U.S., investors have pivoted to different sectors, such as hospitals, education and acquisitions of preschools and student housing. At a local level, U.S. authorities and companies are continuing to build ties with China on everything from technology to climate change. Panelists will share their insights around the opportunities as well as mitigating the risks and challenges for companies promoting international cooperation in these areas and discuss areas that provide the greatest opportunities for cross-border success. They will also address emerging investment trends and new opportunities and pivoting plays in the real estate sector across the Pacific.
INVESTMENT FINANCING, ENTREPRENEURSHIP AND GROWTH STRATEGIES: Cross-Border Investment and the Growth of Private Equity | D-301, Cornell Hall
Lee C. Cheng | Partner and Co-Chair Asia Practice, Maschoff Brennan
Victoria Slivkoff | Global Head of Strategic Partnerships for Innovation and Entrepreneurship for the University of California system, University of California Office of the President
Alex Zheng | Senior Vice President and Team Manager, Commercial and International Banking, Cathay Bank
MODERATOR: Thomas Lo | Executive Vice President and Director, Commercial and International banking, Cathay Bank
Description: After years of rapid growth, cross-border investment between the United States and China is experiencing an unexpected setback as tensions between the two superpowers reach all-time highs and threaten to dampen cross-border trade and investment. The impacts are reverberating into the capital markets, with cross-border investment flows and deal making looking vulnerable in part due to the United States enhanced investment review process and China’s own investment regime. Chinese outbound FDI into the U.S. has dropped considerably and according to a report by the Rhodium Group, in the first half of 2018, Chinese FDI into the U.S. was down 90% from the same period in 2017; the lowest level in seven years. Money is also being rapidly pulled out. The turnaround comes at a time when China's private markets were beginning to flourish and Silicon Valley’s dominance in VC investment was being challenged by China. However, a broad-based interdependence continues to tie the two countries. According to Rhodium, U.S. investment into Chinese tech companies has taken off in recent years, as has Chinese investment in foreign startups, particularly in U.S. companies. Despite the reduction in overall outbound FDI, China’s targeted acquisitions of technology and intellectual property persist and Chinese VC investment in U.S. technology centers such as Silicon Valley has intensified. A clearer picture of the investment landscape will emerge as the two superpowers continue to negotiate on key items such as technology transfer regime, licensing restrictions, and foreign ownership restrictions. Panelists will provide insights on the current cross-border investment landscape, effects of the U.S.-China trade war, the future outlook for the VC, PE and M&A spaces, as well as discuss new investment strategies and partnerships.
Zak Dychtwald | Founder and Chief Executive Officer, Young China Group
Humphrey Ho | Managing Director, Hylink USA
Mirei Takashima Claremon (Ph.D. ’16, ’11) | Co-Founder and Senior Advisor, Elavare Global Advisors; Chief Executive Officer, Mirei TC Consulting
MODERATOR: Sale Lilly | Senior Policy Analyst, RAND Corporation
Description: The Chinese middle class and millennials are becoming the central drivers for the global economy. According to a study by McKinsey & Co., 76 percent of China's urban population will be considered middle class by 2022 and the young generation is expected to account for 53 percent of total Chinese consumption by 2020, creating huge opportunities for Chinese and U.S. companies in many different markets and sectors. The Chinese millennial generation are the future decision makers for business in China and more experienced and better informed consumers than its predecessors. They grew up in a more open country, with more information and influences from the outside world and are now able to visit and experience that world. China represents the largest outbound travel market in the world, driven in large part by these millennials. It is also more consumption-based and the most powerful consumer and spending group in the world that is influencing local and global brands. They demonstrate drastically different consumer tastes, preferences and purchasing behaviors and are more individualistic, brand-oriented and digital natives who purchase various domestic and foreign products from online marketplaces facilitated by social media platforms such as Wechat and Alipay, that are bringing businesses both in China and the U.S. to a new stage of competition and collaboration. Panelists will discuss the impact of the changing consumer habits and demands driven by the Chinese millennials and its emerging middle class and share their perspectives on the implications and opportunities for businesses on both sides of the Pacific as these consumer groups impact and define the markets they enter. Panelists will also provide insights on how businesses can approach these central driving forces of the global economy.