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Wharton China Business Forum 2006 |
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Final list of confirmed speakers WCBF 2006 brochure Jump to: Keynote Speakers | Case Study | Panelists | Panel Topics Manufacturing and Outsourcing Appealing to China’s Mass Market Roundtable Discussion WCBF 2006 Conference Panel Topics Regulation and Reform – China’s Banking SectorAs China’s major industries rapidly realize their growth potential, the weakness of its financial infrastructure becomes ever more hindering. The slow deregulation of China’s still state-run banking sector has foreign and domestic firms alike keen for full privatization, as foreign banks eagerly await to tap China’s demand for corporate and consumer banking services and domestic firms and entrepreneurs struggle for access to capital. This panel aims to facilitate discussion of the necessary reforms of China’s banking sector and the implications of such reforms for domestic businesses and MNCs alike. Capital Markets Until recent changes in regulation, an estimated two thirds of equity in domestically listed Chinese firms was tied up in untradable shares. With low liquidity and even lower investor confidence, entrepreneurs and investors alike are turning to private equity firms and international markets in search of capital and returns. Meanwhile, global players and market leaders are calling for reform of China’s domestic markets, focusing on deregulation as a necessary step in creating liquidity and improving transparency and compliance. This panel aims to shed light on such issues of deregulation by bringing together those at the forefront of China’s capital markets. Manufacturing and Outsourcing As many foreign firms move entire product lines to China to take advantage of the enormous cost advantages posed primarily by cheap labor and capital, the issues of quality control and the net cost-savings of outsourcing to China are cause for much debate and analysis. While many firms have seen significant positive balance sheet effects by shifting production to China, others have had contrastingly different experiences. Aside from the politics, this panel focuses primarily on the discussion by both managers and academics of different approaches to outsourcing to China, and analysis of the measures taken by firms that have profited from outsourced production. Marketing to China’s Mass Market Early entrants to China’s consumer products market have traditionally targeted only the wealthiest five to ten percent of Chinese consumers, in effect building premium brands concentrated on the largest metropolitan areas. While this strategy has proven to be profitable for some, the industry has realized the real growth potential embedded in the mass market. As the mass market grows in purchasing power but varies widely in education, consumption and tastes, foreign firms are finding their biggest competitors to be their domestic counterparts who understand their target consumers and dominate the mass market. This panel will facilitate discussion of strategy amongst foreign and domestic producers alike, aiding the understanding of China’s varying market segments in the ever wealthier mass consumer base. |
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