3. Problems and Prospects of China’s Social Security Fund Mechanism
	Speaker: Dr. Gao Xiqing (General Manager of China Investment Corporate Ltd.) Date: December 2, 2007 (Sunday) 13:30－15:15  Keynote Speech 15:15－15:45  Coffee Break 15:45－16:30  Interactive Discussion Audience: Executives from funds, social security institutions, insurance companies and foreign financial institutions (20-50 people) Venue: Villa B at 36 Dongyuan Road, Lujiazui Finance and Trade Zone (Free Parking)

Introduction: Increase of aging population has become a serious challenge in China. How to establish a sustainable pension system is now an issue of common concern. Three aspects are at the core of the pension system: fund raising, fund distribution and accumulated fund management. It is critical for a country to choose the right pension system. Only under the Accumulation Pension System, can a country create current accumulation, and provide sustainable payments through professional fund investment by institutional investors. The sustainability of China’s pension system can be strengthened with the increase of funds in individual pension accounts, with the establishment of reserve institutions and enterprise annuity system. This process will also provide more opportunities for financial market.

Biography: Dr. Gao is general manager of China Investment Corporate Ltd., adjunct professor of CEIBS, visiting professor of Duke University and an arbitrator of the following institutions: China International Economic and Trade Arbitration Commission, International Commercial Arbitration Centre of Los Angeles, Hong Kong International Arbitration Centre, Arbitration Institute of the Stockholm Chamber of Commerce and Korean Commercial Arbitration Board. He holds his master’s degree in both Economics and Law from Beijing Institute of Foreign Trade, and JD from Duke University. Dr. Gao was previously general counsel and director of Public Offerings Department of China Securities Regulatory Commission (CSRC), deputy director of Hong Kong and Macau Regional Office of Bank of China, vice chairman and CEO of BOC International (China) Limited, vice chairman of CSRC, and vice chairman of the National Council for Social Security Fund.

Organizer: CEIBS Lujiazui International Finance Research Centre
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