4th Annual Conference on Chinese Capital Markets

December 5th, 2014

NYU Kimmel Center, 10th Floor, Rosenthal Pavilion

All use of this information must cite the NYU Center on U.S.-China Relations


Conference Agenda:

Registration and Breakfast

Opening Remarks
David Denoon (Prof. of Politics & Economics, NYU; Director, NYU Center for U.S.-China Relations)

Keynote Address

Amb. Richard Solomon (Senior Fellow, RAND Corp., Former President of the U.S. Institute of Peace, National Security Council Staff Member for Dr. Kissinger)

“A Washington Perspective on U.S.-China Relations” 

Panel 1
Overview of IT Developments in China

Moderator:  Amb. Mathew Nimetz (Advisory Director, General Atlantic Partners)

Dr. Jian Li (Research Program Director, Big Data and Analytics, Huawei IT Research Lab)


William Whyman (Head, Tech Strategy Research, ISI Group)


Panel 2


Initial Public Offerings by Chinese Tech Firms
Moderator:  Prof. Jennifer Carpenter (Prof. of Finance, Stern School of Business, NYU)

Kevin Rosier (Economic and Trade Policy Analyst, U.S.-China Economic & Security Review Commission)


Raman Chitkara (Global Technology Leader, PWC)



Keynote Interview



Prof. Andrew Ng (Chief Scientist, Baidu Research in Silicon Valley Associate Professor, Department of Computer Science at Stanford) 

Panel 3

Technology's Effect on Finance 

Moderator:   Francis Zou (Partner, White & Case)

Duncan Clark (Chairman, BDA China)


Prof. Puneet Manchanda (Ross School of Business, University of Michigan)


Prof. Ming Fan (Associate Professor, Information Systems, Foster School of Business, Univ. of Washington)

Panel 4
Technology and U.S.-China Relations

Moderator: Prof. M.I. Nadiri (Jay Gould Professor of Economics, NYU & National Bureau of Economic Research)

Herbert Lin (Chief Scientist, CTSB, National Research Council of the National Academies; Consulting Scholar, Center for International Security and Cooperation, Stanford University)


Adam Segal (Maurice R. Greenberg Senior Fellow in China Studies; Director, Program on Digital and Cyberspace Policy, Council on Foreign Relations)


Closing Reception






Prof. David Denoon









David Denoon is Professor of Politics and Economics at New York University and Director of the NYU Center on U.S.-China Relations. He has a B.A. from Harvard, an M.P.A. from Princeton, and a Ph.D. from M.I.T.; and has served in the Federal Government in three positions: Program Economist for USAID in Jakarta, Vice President of the U.S. Export-Import Bank, and Deputy Assistant Secretary of Defense.


Professor Denoon is a member of the Council on Foreign Relations, the National Committee on U.S.-China Relations, the International Institute for Strategic Studies (London), the Asia Society, the U.S.-Indonesia Society, and is Co-Chairman of the New York University Asia Policy Seminar. He is also Chairman of the Editorial Advisory Board of Great Decisions. He is the author and editor of seven books, including Real Reciprocity - Balancing U.S. Economic and Security Policy in the Pacific Basin. He has two recent books published, a monograph titled The Economic and Strategic Rise of China and India (Palgrave-Macmillan) and an edited volume, China: Contemporary Political, Economic, and International Affairs (NYU Press); plus a forthcoming volume (Ed. & Co-authored) China and the U.S.: The Future of Central Asia (NYU Press, 2015).


Amb. Richard Solomon










Richard H. Solomon is currently a Senior Fellow at the RAND Corporation. Between 1993 and 2012 he served as president of the U. S. Institute of Peace, a congressionally established and funded organization. He led the Institute’s growth into a nationally recognized center of international conflict management analysis and applied programs around the world.

Prior to his tenure at the Institute of Peace, Solomon was Assistant Secretary of State for East Asian and Pacific Affairs -- from 1989 to 1992. In that position he negotiated the Cambodia peace agreement (the first United Nations Security Council conflict settlement); had a leading role in the dialogue on nuclear issues between the United States and South and North Korea; helped establish the Asia-Pacific Economic Cooperation initiative; and led U. S. negotiations with Japan, Mongolia and Vietnam on important bilateral matters. In 1992–1993 Solomon served as U. S. ambassador to the Philippines, where he coordinated the closure of the U.S. naval facilities and developed a new framework for bilateral and regional security cooperation.

Solomon previously served as director of policy planning in the State Department (1986-89), and as a senior staff member of the National Security Council (1971-76), where he participated in the normalization of relations with China. He began his career in 1966 as professor of political science at the University of Michigan. He also served for a decade as head of the Political Science Department at the RAND Corporation (1976-86).

In 1995 Solomon was awarded the State Department's Foreign Affairs Award for Public Service, and he has received awards for policy initiatives from the governments of Korea and Thailand, and the Cambodian community in the U.S. In 2005 he received the American Political Science Association's Hubert H. Humphrey career award for "notable public service by a political scientist."

Solomon holds a Ph.D. in political science from the Massachusetts Institute of Technology. He has published eight books on a range of topics related to international affairs.


Amb. Mathew Nimetz













Mr. Nimetz was a Managing Director and the Chief Operating Officer of General Atlantic from 2000 through 2011 and now works with GA as an Advisory Director.

Prior to joining General Atlantic in January 2000, Mr. Nimetz was a Partner (and former Chair) of the law firm Paul, Weiss, Rifkind, Wharton & Garrison in New York City, where he concentrated on corporate, securities, financing and international law from December 1980 through January 2000. He previously practiced law as an associate, and Partner, of Simpson Thacher & Bartlett between 1969 and 1977.

Mr. Nimetz served as Under Secretary of State for Security Assistance, Science and Technology from February through December 1980 and as Counselor of the Department of State (1977-1980).

From March 1994 through September 1995, Mr. Nimetz served as President Clinton's Special Envoy in the mediation of a dispute between Greece and the Former Yugoslav Republic of Macedonia. In 1999 he was appointed the Special Representative of the Secretary General of the United Nations in connection with the continuing negotiations between those two parties and continues to serve in that capacity.

His previous federal government positions include service as a Staff Assistant to President Lyndon Johnson from July 1967 to January 1969; and as a law clerk to Justice John M. Harlan of the Supreme Court of the United States from 1965 to 1967. In addition, Mr. Nimetz served as a Commissioner of the Port Authority of New York and New Jersey (1975 to 1977), and as Chairman of the United Nations Development Corporation.

Mr. Nimetz earned degrees from Williams College and the Harvard Law School where he was president of the Harvard Law Review. He also earned an M.A. from Balliol College, Oxford University, where he was a Rhodes Scholar.

Mr. Nimetz serves as a member of the Council on Foreign Relations, a trustee of both Central European University and American University of Central Asia, a trustee of the Rubin Museum of Art, a trustee of National Committee on American Foreign Policy, and a director of Americans for Oxford, Inc.. He is also a director of Renren, Inc., a China-based social networking company listed on the NYSE, and of TriPlus Services, Inc., a third-party administrator of life and health insurance products. He served previously as a director of Knight Capital Group, Inc., Zagat Survey, Inc. and Multiplan, Inc,. and as a founding chair of World Resources Institute, a trustee of Williams College, a trustee of Committee for Economic Development, and a director of The Nature Conservancy of New York.



Dr. Jian Li









Jian Li is a research program director and chief architect of big data and analytics at Huawei Technologies. He is the chief architect of Huawei’s FusionInsights big data platform and is currently leading R&D efforts in data center technologies, working with global teams around the world. Before joining Huawei, he was with IBM where he worked on advanced R&D, multi-site product development and global customer engagements on computer systems and analytics solutions with significant revenue growth. A frequent presenter at major industry and academic conferences around the world, he holds over 20 patents and has published over 30 peer-reviewed papers. He earned a Ph.D. in electrical and computer engineering from Cornell University. He also holds an adjunct position at Texas A&M University, where he continues to collaborate with leading academic researchers.


Bill Whyman










Bill Whyman leads Evercore ISI’s technology strategy research team, and is a Partner and Senior Managing Director.  He has been the top-ranked software analyst in the Institutional Investor Independent Research Team.

Prior to joining Evercore ISI, Bill was co-founder and President of Precursor Inc.  Institutional Investor ranked Mr. Whyman and his team amongst the technology and telecom independent research providers. 

Mr. Whyman served at the White House as a Director to the National Economic Council and the National Security Council, working for the President and then-NEC head Robert E. Rubin on economic policy issues.  In addition, he has held a variety of economic and technology policy positions in the Executive Office of the President and at the State Department, both in Washington and overseas. 

Previously Mr. Whyman was a Principal at Legg Mason.  He was also a member of the consulting firm, McKinsey & Co.

Mr. Whyman completed his undergraduate studies at Cornell University and Oxford University (U.K.), and holds an M.P.A. from Princeton’s Woodrow Wilson School.  He serves on the Board of Visitors at the University of Maryland’s School of Public Affairs.


Prof. Jennifer Carpenter










Jennifer N. Carpenter is an Associate Professor of Finance at New York University Stern School of Business. Her primary research areas include executive stock options, fund manager compensation, risk incentives, and corporate liabilities. She has published in all the major academic finance journals including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Business. She has served as Associate Director for the Center for Global Economy and Business and coordinator for its China Initiative since 2011.

Professor Carpenter teaches an undergraduate and MBA course on Debt Instruments and Markets and a PhD course on continuous-time finance. She won the Stern Distinguished Teaching Award for Teaching Excellence in 2012.

Before coming to Stern, Professor Carpenter worked at Goldman, Sachs & Company in the Fixed Income Division. Professor Carpenter received her B.S. in Economics, M.A. in Finance, M.A. in Mathematics, and Ph.D. in Finance from the University of Pennsylvania.

Kevin Rosier









Kevin Rosier is an Economic and Trade Policy Analyst at the U.S.-China Economic and Security Review Commission (USCC). His research at the USCC is related to China’s trade and industrial policies and conformity to WTO and other trade agreement obligations, especially in the information and communication technologies sector. Before joining the USCC, Kevin served as a senior research associate on technology and transportation at the Harvard Business School U.S. Competitiveness Project. Prior to that, Kevin worked as an economic Foreign Service Officer at the U.S. Embassy in Beijing, China; the American Institute in Taiwan; and the U.S. Consulate General in Chiang Mai, Thailand. Kevin was a recipient of the Thomas R. Pickering Foreign Affairs Fellowship through which he completed a BSFS in international economics at Georgetown University and an MALD in international relations at the Fletcher School of Law and Diplomacy.

Raman Chitkara









Raman leads the Global Technology Industry Group at PwC. With more than 30 years of experience working in Silicon Valley in the technology industry, his clients have included technology companies with global operations ranging from start-ups to multibillion-dollar multinationals in semiconductor, software, internet, computing and networking sectors. As global leader of PwC’s technology practice, he is well versed in the key trends in the tech industry and how such trends translate into challenges and opportunities.

Raman has held a variety of prominent leadership roles. He was appointed as the US semiconductor leader in 1997 before earning the position of global semiconductor leader in 2000 and global technology leader in 2008. He has authored several white papers and thought leadership documents including as  annual report, China's Impact on the Semiconductor Industry, now in its tenth year. He is also a frequent speaker on technical and market issues in the technology industry.


Prof. Andrew Ng









Andrew Ng is Chief Scientist of Baidu, Chairman and Co-Founder of Coursera, and a Computer Science faculty member at Stanford. Ng's work spans both AI/machine learning, and online education.

Ng's AI work focuses on deep learning, which develops learning algorithms by building large scale simulations of the brain. In 2011, he founded and led the Google Brain project, which built the largest deep learning (neural network) systems at the time, leading to the celebrated "Google cat" result. His team's technology has also had a huge impact across numerous Google applications, including speech recognition, maps, and more. More recently, Ng joined Baidu, where he leads Baidu Research in developing the next generation of deep learning algorithms.

Ng is also known for his work on online education. In 2011, he developed Stanford University's main MOOC (Massive Open Online Courses) platform, and also taught an online Machine Learning class to over 100,000 students, leading to the founding of Coursera. Ng's goal in education is to give everyone access to a great education, for free. Today, Coursera partners with top universities to offer high quality, free online courses. With over 100 partners, about 700 courses, and over 8 million learners, Coursera is currently the largest MOOC platform in the world.

Ng has been named to the Time 100 list of the most influential people in the world; to the CNN 10: Thinkers list; and to Fortune 40 under 40. For his on-campus teaching, he has also been named by students as one of the top 10 professors across all of Stanford University.



Francis Zou






Francis Zou is a partner in White & Case's New York office. In the banking and bank regulatory area, Mr. Zou advises major international commercial banks and corporate borrowers in investment grade, leveraged or structured financing transactions, receivables financings and other trade financings, and debt restructurings. In addition, he advises foreign banks in connection with their applications to the Federal Reserve and the applicable federal or state bank chartering authorities to establish presence in the U.S. and in connection with their strategic expansion in the U.S.

In the M&A and corporate area, Mr. Zou advises major international corporations and commercial banks in acquisitions, divestitures, rollup transactions and other corporate transactions, including acquisitions of broker-dealers and commercial banks. He has experience in both public and private M&A transactions.

Mr. Zou also has substantial experience in SEC-registered offerings and private placements of debt, equity and convertible securities, asset financings, and derivatives transactions. In addition, he works closely with colleagues from the Firm's litigation department in counseling foreign banks and corporations operating in the U.S. in connection with commercial disputes and criminal investigations.

Representative clients of Mr. Zou include leading Chinese and Taiwanese banks and corporations operating in the US, Landesbank Baden-Württemberg, Norddeutsche Landesbank, N.V. Bank Nederlandse Gemeenten, and Rabo Bank.


Duncan Clark









Duncan Clark is Chairman and Founder of BDA China (www.bda.com), an investment advisory he founded in Beijing in 1994. With a team of over 80 professionals, BDA advises some of the world’s leading private equity and hedge funds on their investments in China and neighboring markets, principally in the consumer and digital/high technology sectors. Retained as an advisor in their start-up years to the founders of companies including Alibaba and Netease, he is a recognized expert on China’s Internet sector.

In addition to his work at BDA, Duncan is active as an investor in technology and media companies and a supporter and advisor to non-profit ventures.

He is an angel investor in mobile apps metrics leader App Annie (www.appannie.com), invested by Sequoia Capital and serves on the Advisory Board of the Digital Communication Fund of Geneva-based bank Pictet & Cie. Duncan is also a partner in a Beijing-based film production company CIB Productions (www.cib-productions.com) and recently joined the international advisory board of WildAid (www.wildaid.org) whose mission is to end the illegal wildlife trade.

A graduate of the London School of Economics, Duncan was invited as a Visiting Scholar to Stanford University (2010 and 2011) where he co-founded the ‘China 2.0’ research initiative which he helped oversee from 2011 to 2014 at the Stanford Graduate School of Business.

Duncan has lived in China for twenty years and today divides his time between bases in Beijing, London and the San Francisco Bay Area. A former Chairman of the British Chamber of Commerce in China, Duncan was appointed O.B.E. (Officer of the Order of the British Empire) by Her Majesty Queen Elizabeth II in the 2013 New Year Honours List for services to British commercial interests in China.


Prof. Puneet Manchanda










Puneet Manchanda the Isadore and Leon Winkelman Professor, Professor of Marketing and the Marketing Area Chair at the Ross School of Business, University of Michigan.

He is a researcher, educator, speaker, board member and consultant working at the intersection of marketing and strategy. His most recent work has focused on marketing and strategy problems in a variety of industries (pharmaceutical, hi-technology, electronic commerce, digital/social media, retailing, gaming and private equity) and markets (China, Japan, USA). Manchanda's research leverages Big Data by building empirical models to solve strategic marketing problems such as growth, innovation, resource allocation, launch planning, word-of-mouth marketing and CRM.  His papers have appeared in top journals such as Marketing ScienceJournal of Marketing ResearchQuantitative Marketing & Economics and the Journal of Econometrics. He is an Area Editor at Marketing Science, an Associate Editor at Management Science and the Journal of Marketing Research and is on multiple editorial boards. His research and commentary on current topics has been featured in media outlets such the Wall Street Journal, New York Times, Detroit Free Press, Investors Business Daily and Forbes.com. 

He teaches in the MBA, Executive MBA, Weekend MBA, Global MBA, PhD and Executive Education programs at Ross and has taught in a variety of programs worldwide. Manchanda has won multiple awards for research, teaching and service.


Prof. Ming Fan










Ming Fan is an associate professor in information systems at Foster School of Business, University of Washington. His research interests are in the area of electronic commerce, information technologies, and reputation systems in online markets. He is a co-author of the book Electronic Commerce and the Revolution in Financial Markets. The Chinese translation of the book was published by Peking University Press. He is an associate editor of Information Systems Research Journal and a senior editor of Decision Support Systems and Information Systems and e-Business Management. He received his B.S. from Nanjing University, China and Ph.D. degree in information systems management from the University of Texas at Austin. He has served as a visiting professor in Peking University and Shanghai University of Finance and Economics. He consulted for Alibaba from 2010 to 2011.


Prof. M. I. Nadiri










Prof. Nadiri joined the faculty of the Economics Department at New York University in 1970.  He served as Chairman of the Department from 1972-78. Additionally, Prof. Nadiri founded and served as the first director of the C.V. Starr Center for Applied Economics.  In 1975, he was named the Jay Gould Professor of Economics.  A longstanding member of the National Bureau of Economic Research, Prof. Nadiri is a member of the Council of Foreign Relations.

Prof. Nadiri's main research topics are productivity analysis, economics of R&D and technical change, telecommunications economics and investment modeling and growth.  In recent years, his research efforts have extended to economic responses to terrorism, post-conflict reconstruction and economies of failed states.

Prof. Nadiri was a participant in the Bonn talks which created the Interim Government in Afghanistan, as well as in the Tokyo talks set up to attract international funding for Afghanistan's major reconstruction efforts.  

From 2005-08, Prof. Nadiri served as the Senior Economic Advisor to President Hamid Karzai in Afghanistan (SEAP).   Additionally, Prof. Nadiri was appointed as the Chairman of the Afghanistan National Development Strategy (ANDS) and Co-Chair of the Joint Coordinating and Monitoring Board (JCMB), which coordinates activities between the international community and the Afghan Government on matters of economic development, governance and security. 


Dr. Herbert Lin









Dr. Herbert Lin is consulting scholar at Stanford’s Center for International Security and Cooperation and also chief scientist at the Computer Science and Telecommunications Board, National Research Council of the National Academies, where he has been study director of major projects on public policy and information technology.  Under the national and international security theme, these studies include a 1996 study on national cryptography policy (Cryptography's Role in Securing the Information Society), a 1999 study of Defense Department systems for command and control (Realizing the Potential of C4I: Fundamental Challenges), a 2007 study on cybersecurity research (Toward a Safer and More Secure Cyberspace), a 2009 study on offensive information warfare (Technology, Policy, Law, and Ethics Regarding U.S. Acquisition and Use of Cyberattack Capabilities), a 2010 study on cyber deterrence (Proceedings of a Workshop on Deterring Cyberattacks), a 2014 study on ethics and emerging military technologies (Emerging and Readily Available Technologies and National Security: A Framework for Addressing Ethical, Legal, and Societal Issues), and a second 2014 study on cybersecurity for policy makers (At the Nexus of Cybersecurity and Public Policy: Some Basic Concepts and Issues).  Prior to his NRC service, he was a professional staff member and staff scientist for the House Armed Services Committee (1986-1990), where his portfolio included defense policy and arms control issues. He received his doctorate in physics from MIT.


Dr. Adam Segal









Adam Segal is the Maurice R. Greenberg senior fellow for China studies and the director of the Digital and Cyberspace Policy Program at the Council on Foreign Relations (CFR). Most recently, he was the project director for the CFR-sponsored Independent Task Force report Defending an Open, Global, Secure, and Resilient Internet. His book Advantage: How American Innovation Can Overcome the Asian Challenge (W.W. Norton, 2011) looks at the technological rise of Asia. An expert on security issues, technology development, and Chinese domestic and foreign policy, his work has appeared in the Financial Times, The Economist, Foreign Policy, The Wall Street Journal, and Foreign Affairs, among others. He currently writes for the blog, "Net Politics."