A Dialogue Across the Pacific

 

Friday, April 19, 2019
UCLA Anderson School of Management

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. The ongoing trade war, imposition of tariffs and restrictions on FDI and technology transfer, have caused companies across a variety of industries, such as the automotive and food and beverage, to adjust. However, amid protectionism and global trade wars, there also are companies seeking cooperation and business opportunities. While it is not quite business as usual, at a local level U.S. authorities and companies are continuing to build ties with China in areas such as technology development and environmental protection and the Chinese economy continues to innovate and technologically advance in areas such as new media, entertainment and healthcare. The millennials, the most powerful consumer and spending group in the world are influencing local and global brands so ensuring the most effective way to reach these consumers is vital for sustainable growth. A broad-based interdependence ties the two countries, interweaves supply chains and distribution networks and has resulted in significant cross-border investment. It is crucial for both sides to find a rational mechanism to control risks and conflicts and engage strategically as the world continues to integrate.

The 2019 Wilbur K. Woo Greater China Business Conference will bring together successful U.S. and Chinese leaders, investors and influencers who will share their perspectives on the changing dynamics of U.S.-China relations, and the implications and future of the U.S.-Sino relationship. They will discuss new and creative investment strategies and partnerships, and the importance of cross-border collaboration that embraces cooperation, stimulates innovation, drives sustainable economic growth and facilitates cross-border growth and expansion. They will also provide an analysis on the current state and future outlook of the two largest economies in the world and discuss the importance of innovation, collaboration, and new technology.

What to expect:
  • Successful and influential U.S. and Chinese business leaders and experienced investors across a variety of industries and sectors with expertise in cross-border business and investment;
  • Plenary and breakout sessions on: U.S.-China relations and the opportunities and implications for cross-border business and investment; technological innovation and the importance of collaboration in advanced technologies; investment financing, entrepreneurship and the growth of private equity; millennials and the emerging middle class; and improving peoples wellbeing, including opportunities in healthcare, housing, education and environmental protection;
  • Catered networking reception.

Conference Information

 

*Schedule subject to change.

2019 Wilbur K. Woo Greater China Business Conference

11:30 a.m. - 1:00 p.m.

REGISTRATION AND CHECK-IN | Korn Convocation Hall Foyer, Entrepreneurs Hall

11:30 a.m. - 12:45 p.m.        

CAREER PANEL LUNCHTIME DISCUSSION | Executive Dining Room, Gold Hall, B208 and B209

Open to UCLA students only. Lunch will be provided.

1:00 - 1:20 p.m.

WELCOME REMARKS & OPENING ADDRESS | Korn Convocation Hall

Alfred E. Osborne, Jr. | Interim Dean, Professor and Faculty Director, Price Center for Entrepreneurship & Innovation, UCLA Anderson

Michael K. Woo | Son of Wilbur K. Woo; Dean, College of Environmental Design, Cal Poly Pomona

Pin Tai | Chief Executive Officer and President of Cathay General Bancorp and Cathay Bank

1:20 - 1:40 p.m.

KEYNOTE ADDRESS| Korn Convocation Hall

Zak Dychtwald | Founder and Chief Executive Officer, Young China Group

1:40 - 2:15 p.m.

CHINA: A MACRO OVERVIEW AND A BUSINESS PERSPECTIVE | Korn Convocation Hall

William Yu | Economist, UCLA Anderson Forecast

MODERATOR: Chan Fong | Tax Partner, PwC

2:15 - 3:15 p.m.

PLENARY SESSION I | Korn Convocation Hall

U.S.-CHINA RELATIONS: Opportunities and Implications for Cross-Border Business and Investment

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.

3:15 - 3:45 p.m.

BREAK AND REFRESHMENTS| Marion Anderson Courtyard

3:45 - 4:45 p.m.

CONCURRENT PANEL DISCUSSIONS

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.

5:00 - 6:00 p.m.

PLENARY SESSION II | Korn Convocation Hall

MILLENNIALS AND THE EMERGING MIDDLE CLASS: Implications and Opportunities for Business

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.

6:00 - 7:30 p.m.

NETWORKING RECEPTION | Executive Dining Room, Gold Hall

KEYNOTE SPEAKER:
Zak Dychtwald

Founder and Chief Executive Officer, Young China Group

Greg Balen ('04)

Vice President, Corporate Homebuilding Operations, Landsea Homes

Lee C. Cheng

Partner and Co-Chair Asia Practice, Maschoff Brennan

Heidi Feng (B.A. '02)

Deals Managing Director – Accounting Advisory, PwC

Chan Fong

Tax Partner, PwC

David N. Fong

Founder and President, RedBridge Capital

Humphrey Ho

Managing Director, Hylink USA

John Ho ('18)

Chief Executive Officer, Landsea Homes

Jacky Huang

Chief Executive Officer, American Wonder Porcelain

Ruhong Jiang

Chief Executive Officer, Applied StemCell, Inc.

Sale Lilly

Senior Policy Analyst, RAND Corporation

Haiyan Liu

Counselor for Commercial Affairs, Consulate General of P.R. China in Los Angeles

Thomas Lo

Executive Vice President and Director, Commercial and International Banking, Cathay Bank

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

Jerry Nickelsburg

Adjunct Professor of Economics, UCLA Anderson; Director and Senior Economist, UCLA Anderson Forecast

Brice Nzeukou

Product Manager, Ampaire, Inc.

Alfred E. Osborne, Jr.

Interim Dean, Professor and Faculty Director, Price Center for Entrepreneurship & Innovation, UCLA Anderson

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

Julia Qian

Managing Director, The Blueshirt Group

Victoria Slivkoff

Global Head of Strategic Partnerships for Innovation and Entrepreneurship for the University of California system, University of California Office of the President

Pin Tai

Chief Executive Officer and President, Cathay General Bancorp and Cathay Bank

Mirei Takashima Claremon (Ph.D. ’16, ’11)

Co-Founder and Senior Advisor, Elavare Global Advisors; Chief Executive Officer, Mirei TC Consulting

Michael K. Woo

Dean, College of Environmental Design, Cal Poly Pomona

Jeffrey Yang

Chief Financial Officer, Global Win Capital Corporation, a subsidiary of Shanying International

William Yu

Economist, UCLA Anderson Forecast

Alex Zheng

Senior Vice President and Team Manager, Commercial and International Banking, Cathay Bank

The conference and networking reception will take place at UCLA Anderson School of Management.

Regular Admission: $40.00. UCLA Anderson and UCLA Alumni: $30.00 (alumni must provide graduating class year and major during registration, alumni status will be verified otherwise regular admission will be charged at check-in). This fee includes an evening networking reception, light refreshments and also includes parking when pre-registered (up until Thursday, April 18, 2019 at midday PST). A parking code will be emailed separately closer to the date of the conference and must be presented at the parking kiosk before 3:00 p.m. or the parking charge will be $12.00. Walk-ins are permitted, however parking will not be included for walk-in registrations.

UCLA Students, Faculty and Staff: Complimentary. Parking not included. Bruin ID must be presented at registration and check-in, or the regular admission fee of $40.00 will be charged.

ALL ATTENDEES WILL BE REQUIRED TO PRESENT ID UPON CHECK-IN.

There will be no refunds on tickets already purchased.

Registration includes entrance to the conference, an evening networking reception and light refreshments. Badges will be checked upon entrance to the reception.

Attire is business formal or business casual.

For driving directions to UCLA Anderson and parking information >>

For questions, please email global@anderson.ucla.edu

Wilbur K. Woo (B.S. '42), vice chairman emeritus of Cathay Bank and Cathay Bancorp, Inc., was known for his decades of leadership in the Chinese-American community, but his many achievements never caused him to forget his humble beginnings.

He was born in 1916 in a tiny village near Guangzhou in China's southern Guangdong province. He came to Los Angeles at age five. At 12, his father sent him back to Guangzhou to be immersed in Chinese language and culture. In 1940, after two years at Lingnan College (now part of Sun Yat-Sen University), he returned to Los Angeles to complete his education at UCLA.

Like many immigrants, he found humbling work, washing dishes in a small Chinatown restaurant. He also taught at Chinese language schools in the evenings and was popular with his students, who decades later would pay their respects to their teacher whenever they saw him in the community.

During World War II, Wilbur worked as a translator in the Office of Postal Censorship, rising to chief of the Technical Operations Division. After the war, he graduated from UCLA with a degree in business administration and went to work with his father managing Chungking Produce Company, which thrived for 40 years supplying restaurants and grocery stores with Chinese vegetables and other produce.

In 1962, at a time when mainstream banks would not make loans to many ethnic Chinese, Wilbur joined Cathay Bank - the first Chinese-American-owned bank - as a vice president. With a knack for community outreach, he played a central role in the bank's growth over the next decades and rose to senior vice president, administrative vice president and executive vice president.

Alongside his distinguished career in banking, Wilbur cultivated an extraordinarily rich variety of business, political, cultural and charitable interests. He served as chairman of the board of The Chinese Times, the oldest Chinese language newspaper in the U.S.; charter chairman of the Asian American National Business Alliance; founder and chairman of the California-Taiwan Trade & Investment Council; president of the Chinese Chamber of Commerce; and organizer and secretary-general of the 8th World Chinese Traders Convention. One of his proudest accomplishments, as grand president of the Chinese American Citizens Alliance, was lobbying for the historic immigration reform bill of the mid-1960s that opened the doors to a new wave of immigrants from China and Taiwan.

He served as an honorary member (representing overseas Chinese) of Taiwan’s Legislative Yuan (or national legislature) and was a member of Taiwan’s Overseas Chinese Affairs Commission, the California World Trade Commission and the California Commission for Economic Development. He was an organizer and convener of the World Chinese Bankers Convention held in Los Angeles in 1988. That year he was named one of the "20 Most Powerful Men in Los Angeles" by Los Angeles magazine.

In 1996, crowning his numerous awards for public service, Wilbur became the first Asian American to be honored by UCLA with the Neil H. Jacoby International Award.

In 2001 he and his wife, Beth, endowed the annual Wilbur K. Woo Greater China Business Conference at the UCLA Anderson School of Management with the goal of promoting understanding of the economic ties between the Greater China region and the United States. "I established the conference to show my gratitude for the training I received at my alma mater many years ago," he said.

Sadly, Wilbur passed away on November 12, 2012 and Beth, his wife of nearly 75 years, passed away on March 2, 2017. Wilbur and Beth are survived by their four children, six grandchildren and seven great-grandchildren.

2018 Conference Highlights

 

2018 Wilbur K. Woo Greater China Business Conference Highlights

2018 Welcome Remarks and Opening Address

China: A Macro Overview & A Business Perspective

Advanced Technologies: The Importance of Collaboration in Technological Innovation and Scientific Advancements – Opportunities for Chinese and U.S. Companies

Entrepreneurship, Investment and Growth Strategies: Trends, Investment Patterns and Opportunities for Private Entrepreneurship and Foreign Investment

Financial Risk, Monetary Policy and Soe Recorms: Implications and Opportunities for Business

Real Estate: The Importance of Diversification, Localization and Community Engagement

Media & Entertainment: Understanding Hollywood’s Challenges and the Opportunities in China

Organizers

 

 

Platinum Sponsors

 
PwC

Silver Sponsor

 

Bronze Sponsor

 

Supporting Organizations

 
  
  

Past Conferences

 
Date Name Location
Friday | April 20, 2018 A New Era of Economic Ties and Bilateral Investment for the U.S. and China
Conference website
UCLA Anderson School of Management
Friday | April 21, 2017 A New Chapter for U.S.-China Relations – Investment, Growth Strategies and Collaboration Opportunities UCLA Anderson School of Management
Friday | April 22, 2016 Ten Years On - Innovation, Competition and Collaboration: The Evolving U.S.-China Relationship UCLA Anderson School of Management
Friday | April 10, 2015 U.S.-China: Economic Ties, Growth Strategies and Investment Opportunities UCLA Anderson School of Management
Friday | April 18, 2014 Success Stories of U.S.-China Investment UCLA Anderson School of Management
Friday | March 1, 2013 Opportunities, Challenges, and Future Strategies During a New and Transitional Era - A Dialogue Across the Pacific UCLA Anderson School of Management
Friday | March 2, 2012 The Global Impact of the Transforming Economy in China UCLA Anderson School of Management