15 November 2015

二零一五年十一月十五日

Seminar onDevelopment and Opportunities

in Internet Finance

Seminar onDevelopment and Opportunities

in Internet Finance互聯網金融的發展與機遇研討會互聯網金融的發展與機遇研討會

Organised by :

CONTENTS

About Seminar on Development and Opportunities in Internet Finance 1

Agenda 2

About FSDC 4

Biographies of speakers

• Mrs Laura M Cha 5

• Mr Lei Zhang 6

• Mr Joe Tsai 7

• Mr Joe Ngai 8

• Mr Greg Gibb 9

• Mr Roger Gu 10

• Mr Jun Xu 11

• Mr Felix Zhang 12

About Seminar on Development and Opportunities in Internet Finance

Internet finance has been one of the growing areas in the

financial services industry in recent years, and it represents

a major trend in the evolution of the financial system. To

explore future developments and opportunities in this rapidly

evolving sector, a group of leading experts in internet finance

will share with seminar participants their valuable experiences

and insights.

The FSDC Internet F inance Seminar a ims to promote

entrepreneurship and attract talent to this growing area of finance.

It will provide a venue for entrepreneurs, professionals and students

who are interested in internet finance to better grasp opportunities

in this expanding financial sector.

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Seminar Programme2:30-2:40 Opening Remarks The Hon Mrs Laura M Cha

ChairmanFinancial Services Development CouncilHong Kong

2:40-3:00 Introduction to Internet Finance

Mr Lei Zhang Chairman and CEOHillhouse Capital Management Group Ltd.

3:00-4:00 Keynote Address:Drivers of Financial Innovation: Consumer Demand and the Internet

Mr Joe TsaiExecutive Vice Chairman, Alibaba Group

4:00-5:15 Panel Discussion and Q&A: Startups, Entrepreneurs and Big Data in Internet Finance in China

ModeratorMr Joe NgaiDirector and Managing PartnerMcKinsey & Company Inc., HK

PanelistsMr Greg Gibb Chairman

Lufax

Mr Roger Gu PresidentWacai

Mr Jun Xu Founder and CEOLemon Wealth Holdings

Mr Felix Zhang CEO and Founder100 Credit

5:15-5:30 Closing Remarks Mr Joe NgaiDirector and Managing PartnerMcKinsey & Company Inc., HK

議程

2:30-2:40 歡迎辭 史美倫女士香港金融發展局主席

2:40-3:00 互聯網金融簡介 張磊先生高瓴資本集團董事長兼首席執行官

3:00-4:00 主題演講：金融創新的推動 : 消費需求及互聯網

蔡崇信先生阿里巴巴集團執行副主席

4:00-5:15 專題討論及答問：中國互聯網金融 : 初創公司、企業家及大數據

主持

倪以理先生麥肯錫公司資深董事兼香港區總經理

專題討論嘉賓

計葵生先生陸金所董事長

顧晨煒先生挖財總裁

徐軍先生檸檬財富控股創始人兼 CEO

張韶峰先生百融金服 CEO 及創始人

5:15-5:30 總結 倪以理先生麥肯錫公司資深董事兼香港區總經理

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The Financial Services Development Council (FSDC) was established by the HKSAR

Government in January, 2013 in response to the financial services industry’s call for a

high-level government advisory body to support the sustained development of the

industry. The FSDC engages the industry and formulates proposals to promote the

further development of Hong Kong’s financial services industry and map out the

strategic direction for the development of Hong Kong as an international financial

centre. It acts as a focal point of views and melting pot of ideas, as a champion and

ambassador of the industry, and as a capacity builder.

The FSDC’s work is underpinned by the five Committees established, namely,

Policy Research; Mainland Opportunities; New Business; Market Development;

and Human Capital. The Committees are engaged in specific areas of the financial

services industry in depth, formulate work directions and plans with a view to

providing advice and recommendations to the Government.

ObjectivesThe FSDC aims to:

1. advise the Government on strategies and measures to expand the scope of

our financial markets and enhance the competitiveness of Hong Kong as an

international financial centre;

2. provide a channel for stakeholders to express views and champion the

interests of the financial services industry;

3. support the financial services industry in developing the core competence

and knowledge of its practitioners; and

4. promote our financial services industry and Hong Kong as an

international financial centre on the Mainland and overseas.

About the Financial Services Development Council

Opening Remarks

The Hon Mrs Laura M Cha Chairman

Financial Services Development CouncilNon-Executive Deputy Chairman

The Hongkong & Shanghai Banking Corporation Limited

Mrs. Cha is a member of the Executive Council of the Government of

Hong Kong, Chairman of the Financial Services Development Council,

Hong Kong, a Non-Executive Director of HSBC Holdings plc., Non-

Executive Deputy Chairman of The Hongkong and Shanghai Banking

Corporation and a Non-Executive Director of China Telecom Corporation

Limited and Unilever plc. She is also a Senior International Advisor

of Foundation Assets Management AB, and a member of Sotheby’s

International Advisory Board.

Mrs. Cha became the first, and to-date the only person outside the Mainland

China to join the Central Government at the vice-ministerial rank in January

2001 when she was appointed as Vice Chairman of the China Securities

Regulatory Commission (CSRC). She served in such capacity until September

2004. Mrs. Cha was Deputy Chairman of the Securities and Futures Commission

in Hong Kong where she worked from 1991 to 2000. She practiced law in the

1980’s in San Francisco and Hong Kong.

Mrs. Cha is also a Hong Kong Delegate to the 12th National People’s Congress of

China, and Vice Chairman of the International Advisory Council of CSRC.

Mrs. Cha earned a BA degree from the University of Wisconsin-Madison and a JD

degree from the Santa Clara University. She was awarded a Silver Bauhinia Star in

2001 and a Gold Bauhinia Star in 2009 by the Hong Kong Government for her public

service.

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Mr. Zhang is the Founder, Chairman and CEO of Hillhouse Capital Management Group, Ltd. Hillhouse manages over twenty billion U.S. dollars for leading endowments, foundations, sovereign funds, and family offices. Hillhouse takes a long-term fundamental research approach and invests in both public and private opportunities across a variety of sectors. Mr. Zhang earned an MBA and M.A. in International Relations from Yale University and a B.A. in Economics from Renmin University of China, where he is the Vice Chairman and Trustee of the Board. In addition, Mr. Zhang is a Trustee of the Yale-NUS College, a collaboration between Yale University and the National University of Singapore, and the Chairman of Yale Asia Development Council. Prior to founding Hillhouse in 2005, Mr. Zhang worked with the Yale Endowment and an emerging market fund covering South Africa and Southeast Asia. Mr. Zhang served on the board of several of Asia’s leading companies, including JD.com, China’s largest Internet retailer; Qunar, China’s largest online travel vertical; Blue Moon, a leading Chinese household personal care company; and MNC Global Mediacom, Indonesia’s largest media/ TV/ Pay TV conglomerate. Mr. Zhang is a Trustee of the Brookings Institution. He is also a Governing Board Member of the China-United States Exchange Foundation, a non-profit organization established with the purpose of further improving communications and enhancing understanding between the peoples of China and the United States. In addition, he is a member of the Hong Kong Financial Services Development Council. Mr. Zhang devotes substantial time to education issues. He is a board member of BN Vocational School, China’s largest non-profit organization dedicated to the education of underprivileged children, and a founding board member of the United World College (UWC) of Southeast Asia Foundation. In addition, he established the Gaoli Academy at Renmin University with the purpose of expanding the role of liberal arts education in Chinese universities.

Keynote AddressDrivers of Financial Innovation:

Consumer Demand and the Internet

Mr Joe TsaiExecutive Vice Chairman

Alibaba Group

Joe Tsai joined Alibaba Group in 1999 as a member of the Alibaba founding team and has served as executive vice chairman since May 2013. He previously served as chief financial officer for Alibaba Group and has been a member of the company’s board of directors since its formation. From 1995 to 1999, Joe worked in Hong Kong with Investor AB, the main investment vehicle of Sweden's Wallenberg family, where he was responsible for Asian private equity investments. Prior to that, Joe was vice president and general counsel of Rosecliff, Inc., a management buyout firm based in New York. From 1990 to 1993, Joe was an associate attorney in the tax group of Sullivan & Cromwell LLP, a New York-based international law firm. Joe serves on the boards of directors of several of Alibaba Group’s investee companies. Joe is qualified to practice law in the State of New York. He received his bachelor’s degree in Economics and East Asian Studies from Yale College and a Juris Doctor degree from Yale Law School.

Introduction to Internet Finance

Mr Lei Zhang Chairman and CEOHillhouse Capital Management Group Limited

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Joe Ngai is a Director and the Managing Partner of McKinsey’s Hong Kong office. He also leads McKinsey’s Financial Institutions practice in Greater China. He has led many large-scale transformation efforts for local as well as multi-national financial institutions, as well as local Hong Kong conglomerates. He has advised on various topics including strategy, operations transformation, mergers & acquisitions, organization transformation, etc. He is the co-author of two editions of “Life Insurance in Asia” (2008 and 2012), a leading publication in its field. He speaks frequently on financial, management and social enterprise topics.

He is passionate about community ser vice. He is the Chairman of DiamondCab, an award-winning social enterprise focusing on barrier-free taxi services, Director of Social Ventures Hong Kong, Deputy Convener of 30SGroup, Director of Diocesan Boys’ School Foundation and President of Harvard Business School Association of Hong Kong.

He has been appointed to various Government advisory committees, including the Financial Services Development Council, the Antiquities Advisory Board, the Advisory Committee to the Revitalization of Historic Buildings and the Hong Kong Scholarship for Excellence Scheme.

A HK native, Mr. Ngai received his A.B. in economics from Harvard University as well as his JD and MBA from Harvard Law School and Harvard Business School.

Moderator

Mr Joe Ngai Director and Managing PartnerMcKinsey & Company Inc., HK

Panelist

Mr Greg Gibb Chairman

Lufax

Greg Gibb, Chairman of Shanghai Lujiazui International Financial Assets Exchange Co., Ltd (Lufax) since he joined Ping An in 2011. Mr. Greg Gibb created Lufax.com, the online platform for personal investment and financing, and Lfex.com, the platform for trading of non-standard financial assets. He also innovates in a number of Internet finance business models. Under his leadership, the Lufax.com platform ranked No. 3 among top P2P firms in the world by trading volume within 2 years.

Due to great contribution, Mr. Greg Gibb was elected into the “Recruitment Program of Global Experts” and was honored with the title of one of the “Top 10 Figures in Financial Innovation in Shanghai (2012)” and the “2013 China's Top Ten Leaders in Internet Finance”. He was also invited by PBOC as an external expert to advise on the development and regulations of the Internet finance sector in China. On May 22, 2014, Mr. Gibb met with Xi Jingping, President of China, as a financial expert and gave a key-note speech on financial innovation.

Previously, Mr. Greg Gibb had worked for Merrill Lynch, McKinsey & Company and Taishin Financial Holding Co., Ltd., which brought him over 20 years’ multinational and local working experience in the financial investment field. He has been paying attention to China’s economic development and participating in China’s financial development for a long time.

Mr. Gibb has published two books, namely Banking in Asia - The End of Entitlement and Banking in Asia - Acquiring a Profit Mindset, in succession. Based on his more than 20 years’ experience in financial innovation and specialized researches, he made detailed analyses of China’s future development trend and investment opportunities in the books, and encouraged investment in the Chinese market. The books became the best guidelines for international financial institutions who aim to take the lead in China’s capricious market.

Mr. Greg Gibb graduated from Middlebury College in the US as an East Asian Studies major, and was fluent in Chinese. He was born in Chicago and grew up in Switzerland, Spain and Britain.

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Mr. Roger Gu had spent eight years with Capital One in the US and Europe, on

a number of managerial and executive posts in Credit Risk, Operations, and

Partnership Finance, last job as Head of Credit Strategies, Continental Europe.

In 2004, he joined Standard Chartered Bank (Hong Kong), as the Head of

Strategic Business Decision unit.

In 2009, he founded Trust Analytics Ltd., a quantitative risk management and

marketing solution provider to financial institutions and retailers in China.

In March 2013, Trust Analytics' signature product "Likepal", won the

Championship at Demo China competition.

In Oct 2013, Trust Analytics merged with Wacai, the leading personal

mobile financial and wealth management platform in China, and Mr. Gu

was appointed as the President of Wacai.

Panelist

Mr Roger Gu PresidentWacai

Panelist

Mr Jun XuFounder and CEO

Lemon Wealth Holdings

Mr. Xu is the Founder and CEO of Lemon Wealth Holdings. Lemon

Wealth Holdings is one of the leading internet wealth management

companies in China. It operates two internet platforms: “Lemon

Wealth” - a digital private bank serving affluent and high networth

individuals, and “Siyinjia” - the biggest IFAs (independent financial

advisor) platform in China. Before founding the company, Mr. Xu was a

partner at McKinsey & Company, leading its financial services practice in

Mainland China. Before joining McKinsey, Mr. Xu was a Vice President at

HSBC leading its wealth management business in China.

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Mr Felix Zhang is a Partner of Baifendian Tech, the first Mainland internet

technology company spec ia l i s ing in big data mining and content

recommendation system. He is also a Partner of SymbolTech. He received his

Bachelor and Master of Engineering degrees in Electrical Engineering and

Automation from Tsinghua University and is now teaching at the PBC School

of Finance, Tsinghua University.

Mr Zhang founded 100Credit in 2014. As one of the forerunners in the

application of big data, he is committed to making 100Credit Mainland’s

biggest service provider in third-party risk management and marketing

in the financial sector; promoting a culture of integrity; creating an

environment conducive to integrity; and contributing to the development

of a nation-wide credit system along with financial inclusion.

Mr Zhang first joined Oracle, the world’s giant corporate software

company, as a management trainee and worked in its department of

data mining and business intelligence software for the Greater China

area. Later, he joined IBM, the world’s largest IT solutions provider,

and was engaged in work related to business intelligence, data

mining and intelligent analysis solutions. As the founder of Geni-

Sage Technology, he developed for China the first data mining

system (i.e. Geni-sage Data Mining) based on SaaS model. The

system has outperformed leading European software in its time-

series prediction and won the recognition of the industry.

Panelist

Mr Felix ZhangCEO and Founder100 Credit

Notes

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Units 3104-06, 31/F, Sunlight Tower, 248 Queen's Road EastWanchai, Hong Kong

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