Tao Xiang International Finance Lectures (No. 4): The 13th Five Year Plan and Disposition of Non-Performing Assets
2016-04-01 IMI
chaired by Prof. Tu Yonghong, deputy director of IMI
In the speech, Mr. Zhuang Enyue first introduced the meaning and impact of non-performing assets in the new era, analyzed content related to green development in the 13th Five Year Plan, and used five basic elements “metal, wood, water, fire and earth” to summarize our country’s economic priorities in 2016. As the Fed raised the interest rate of dollar, Renminbi was included in the SDR currency basket, China’s economy faces profound changes, and principal contradiction is changing, China’s central government is vigorously promoting supply-side reform, which is good for effectively disposing non-performing assets, accelerating the consumption of over capacity, driving economic growth and adapting to the “new normal”. In his speech, Mr. Zhuang Enyue underlined the disposition of non-performing assets such as enterprise debt organization and bank’s debt-to-equity, and analyzed the impact of non-performing assets on the debt and economic situation of banks and even China under the current macroeconomic background.
Mr. Zhuang Enyue made a keynote speech
Mr. Zhuang Enyue is the former deputy director of Scientific Research Institute of State Auditing Administration, former vice president of Nanjing Audit University, former deputy director of the Department of Economic and Trade Auditing in the State Auditing Administration, former supervisor (bureau level) of Board of Supervisors of ICBC, former executive member of the council of China Internal Audit Association, member of the eighth and ninth China Youth Federation, and enjoyed special allowance from the State Council. Mr. Zhuang Enyue now is the vice president and researcher of China Cinda Asset Management Co., Ltd, and guest professor at Central University of Finance and Economics, Zhongnan University of Economics and Law, Wuhan University of Technology, Southern Medical University, Shanghai Maritime University. During postgraduate period, he learned from Prof. Yan Dawu, Chinese renowned accounting scholar and doctoral supervisor of RUC, and got a master’s degree in economics. For years, Mr. Zhuang Enyue has been devoted to research and management practice work in accounting, auditing, investing and financing, capital operation, enterprise management, financial theory and quality-oriented education. He has published more than 10 books including Specific Accounting Standards, Facing Challenges of the 21th Century: Current Situation and Future Trend of China’s Auditing Industry, Know Yourself, and has published nearly 100 papers on newspapers and magazines including China Audit, Economic Daily. In his spare time, he is also devoted to studying quality-oriented education and motivational education, and is dedicated in creating aphorism. His books about philosophy and motivation not only are best sellers in China, but also are popular among overseas Chinese communities, and have been published in different versions in Taiwan, Korea and Japan. His famous book Everyday Advice in Life has been reprinted for over 10 times, and enjoys wide popularity. In the field of capital market research, Mr. Zhuang Enyue proposes “the attitude theory”, and his book Investing in Stock is All About Attitude has been clicked for over a million times on Sina.com. In the field of economics research, he proposes the concept of “waste economics”. He is also a columnist in Zhejiang Today and other newspapers for many years.
The Lecture
Tao Xiang International Finance Lectures was initiated by graduates majoring in international finance in RUC at the time of the tenth anniversary of Professor Tao Xiang’s death. And the lectures are jointly organized by Financial and Monetary Institute of RUC and IMI. There are 12 finance lectures each year, which are featuring on case teaching. The content of lectures covers international economic policies, international financial institutions, international banking regulation and supervision, internationalization of renminbi, development strategies of global banks, international financial risk management, cross-border mergers and acquisitions, international fund operation, derivative trading, international finance lease, cross-border bank consortiums, asset securitization, and internet finance. The lecture organizers will invite elites and leaders in the field of international finance to teach professional knowledge, aiming to make contributions to nurturing talents in international financial management for RUC.