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China's Pension System: Crisis and Challenge
November 8, 2001
•
The Great Wall Sheraton Hotel
•
Beijing, China


Sun Jian Yong
Sun Jian Yong
Ministry of Labour and Social Security

Yang Wan
Yang Wan
The World Bank

Mao Yushi
Mao Yushi
Unirule Institute

José Piñera
José Piñera
Cato Institute

John Greenwood
John Greenwood
Invesco Asia, Ltd.

Yaohui Zhao
Yaohui Zhao
Peking University

Liu Mingkang
Liu Mingkang
Bank of China

 Conference Home • Program • Registration • Cato Institute Home
8:00-9:00 a.m. Registration-The Great Wall Sheraton Hotel
  9:00-9:15 a.m. Welcoming Remarks
Justin Yifu Lin, Director, China Center for Economic Research
Edward H. Crane, President and Founder, Cato Institute

  
  9:15-9:45 a.m. Keynote Address
Sun Jian Yong, Deputy Director-General, Social Insurance Fund Supervision, Ministry of Labour and Social Security
The Future of China's Pension System

  
  9:45-11:00 a.m. Panel 1:
The Roots of China's Retirement Crisis and Options for Reform

Moderator: Cai Fang, Director, Population Research Institute, Chinese Academy of Social Sciences

David Li, Associate Professor of Economics, Hong Kong University of Science and Technology
and Ling Li, Assistant Professor, Hong Kong Polytechnic University
The Dismal State of China's Pension System

Wang Yan, Senior Economist, The World Bank
China's Implicit Pension Debt: Options for Reform

David Hatton, CEO, ING Pension Trust, Hong Kong, and Vice President, Pension Business
Greater China Region An Overview of Pension Reform Options

 		 
  11:00-11:15 a.m. Break

  
  11:15 a.m.-12:30 p.m. Panel 2:
Prerequisites for Pension Reform

Moderator: Hu Shuli, Editor, Caijing

Guo Shuqing, Deputy Governor, People's Bank of China
The Importance of Monetary Stability

Justin Yifu Lin, Director, China Center for Economic Research
On Banking and Capital Market Reform

Mao Yushi, Director, Unirule Institute
Macroeconomic Implications of Pension Reform

James A. Dorn, Editor, Cato Journal
On the Question of Property Rights

  
  12:30-1:30 p.m. Luncheon

  
  1:30-2:15 p.m. Luncheon Address
José Piñera, Co-chairman of the Cato Project on Social Security Privatization and former Chilean Minister of Labor and Social Security
What China Can Learn from the Chilean Success Story

  
  2:15-3:30 p.m. Panel 3:
The Worldwide Social Security Revolution

Moderator: Gordon Boronow, Deputy CEO, American Skandia, Inc.

Michael Tanner, Director of Health and Welfare Studies, Cato Institute
The Promise of Social Security Privatization in the United States

Francis T. Lui, Director, Center for Economic Development, Hong Kong University of Science and Technology
Hong Kong and the Singapore Model: A Remedy for Asia?

Nicholas Sherry, Member of the Australian Senate, Australian Labor Party,
Tasmania Lessons from Australia's Pension Reform

John Greenwood, Chief Economist, Invesco Asia, Ltd.
Japan's Pension Crisis: What Next?

  
  3:30-3:45 p.m. Break

  
  3:45-5:00 p.m. Panel 4:
Reforming China's Pension System

Moderator: Hugo Restall, Editorial Page Editor, Asian Wall Street Journal

Fred Hu, Director, Asia Economic Research, Goldman Sachs, Hong Kong
Investment Options and Fund Management

William Shipman, Principal, State Street Global Advisors
Transition Options

Yaohui Zhao, Associate Professor of Economics, China Center for Economic Research, Peking University
The Feasibility and Benefits of a Fully Funded System

  
  5:00-5:30 p.m. Closing Address
Liu Mingkang, Governor, Bank of China

  
  5:30-6:30 p.m. Reception

  


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