At the night of 7th Dec, an senior stock expert at Japanese and Chinese stock market, Mr. Ted Tokuchi is invited by Alumni Finance and Investment Club to share his experience in these two markets. After shortly interacting with Dr. Zhu Tian, the economic professor of CEIBS, Mr. Tokuchi offers his unique perspective about Japanese and Chinese stock market to some 130 audience made by club members.
 
Start from the bubbles of Japanese stock market about 20 years ago, Mr. Tokuchi  says that the excessive fluidity, finance liberalization, overmuch security release from listing companies, push from bank and 225 stock index futures are the main reasons to generate the bubbles. At the same time, as only CPI and GDP improvement are  recognized by the government, the lack of flexibility and wrong foreign exchange strategy finally arouse the economic crisis.
 
When talking to Chinese stock market, Mr. Tokuchi makes it clear that after year 2004 as the investing market, 2005 as the revolution, 2006 as the new age and 2007 as the booming period, Chinese stock market will move to a relatively adjustment phrase in year 2008. He also compares the Japanese Yen with Chinese RMB to offer his appreciation for the exchange rate management capacity of Chinese government and his positive perspective for future health improvement of Chinese stock market. Stand as the second biggest GDP producer before 2010 based on the stable appreciation of RMB, The Chinese stock index will achieve 8000-10000, under Mr.Tokuchi’s analysis.
 
Professor Ding yuan, after the speech of Mr. Tokuchi, appreciates the fantastic presentation of Mr. Tokuchi on behalf of Alumni Finance and Investment Club and shares his attitude with the speaker about realistic stock market operation strategy.

Great appreciation is offered to Lu Le, student of EMBA 07.