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On Thursday, September 13, the US-Asia Institute hosted the 2012 New York Forum
The China Investment Corporation’s
The Honorable JIN Liqun
Chairman, Supervisory Board, China Investment Corporation &
Chairman, International Forum of Sovereign Wealth Funds
“Options for the Global Economy: Opportunities for Cooperation”
Managing Director at HSBC Global Asset Management
Chairman and Managing Partner of Global Infrastructure Partners (GIP)
Ambassadors River View
United Nations ♦ New York
About the Speaker
The Honorable JIN Liqun is Chairman of Supervisory Board, China Investment Corporation. Also, Mr. Jin is Chair of International Forum of Sovereign Wealth Funds (IFSWF). In 2011, Mr. Jin was appointed member of the Foreign Policy Advisory Group, a prominent advisory group to the Ministry of Foreign Affairs of China.
From August 2003 to July 2008, Mr. Jin Liqun was the Vice-President of Asian Development Bank (ADB) in charge of operations for South Asia, Central and West Asia, and the private sector operations. He was also involved in the formulation of ADB’s medium- and long-term strategy and many policies governing its operations for economic and social development, particularly poverty reduction and environmental protection.
Mr. Jin joined China’s Ministry of Finance in 1980. He was promoted to be Deputy Director in 1985, and Deputy Director General in 1988 of External Finance Department. In 1988, he was elected as Alternative Executive Director for China at the World Bank. He became Director General, Department of the Ministry of Finance in 1995. The same year, he was promoted to be Assistant Minister of Finance and in 1998 became Vice Minister of Finance.
As Vice Minister of Finance, Mr. Jin was in charge of budget allocations for governmental organizations, for education, science, and culture sectors, supervising the financial sector and raising funds from domestic and international markets. In that capacity, he served as Alternate Governor for the PRC at ADB, the World Bank Group and the Global Environment Facility from 1998 through 2003.
He has been active in international economic affairs for almost two decades, particularly since the Asian financial crisis in 1997. He has worked on a number of bilateral and multilateral economic and financial forums, such as the China-US Joint Economic Committee, China-UK Economic and Finance Dialogue, APEC Finance Ministers’ Meeting, ASEAN Plus Three and G-20. In addition, Mr. Jin was a member of the State Monetary Policy Committee the PRC.
Mr. Jin holds an M. A. degree in English Literature from Beijing Institute of Foreign Languages (now Beijing Foreign Studies University). He was also a Hubert Humphrey Fellow in the Economics Graduate Program at Boston University from 1987 to 1988.
The China Investment Corporation (CIC) is an investment institution established as a wholly state-owned company under the Company Law of the People’s Republic of China and is headquartered in Beijing. The mission of CIC is to make long-term investments that maximize risk adjusted financial returns for the benefit of its shareholder. The CIC was established in September 2007 with the issuance of special bonds worth RMB 1.55 trillion by the Ministry of Finance. These were, in turn, used to acquire approximately USD 200 billion of China’s foreign exchange reserves and formed the foundation of its registered capital. Because its financing is grounded in financial instruments and subject to commercial obligations, CIC maintains a strict commercial orientation and is driven by purely economic and financial interests.
Christian Deseglise is Managing Director of HSBC Global Asset Management. He is the Head of Sales for the Americas. Prior to rejoining HSBC Global Asset Management in December 2010, he was a partner at BTG Pactual, one of the largest independent investment banks in emerging markets. Before that, he was Global Head of Emerging Markets and a member of the Executive Committee of HSBC Global Asset Management. In this role, Mr. Deseglise helped HSBC become one of the world’s largest managers of emerging markets assets. He also designed and spearheaded the launch of a series of innovative products, notably the first BRIC fund and the New Frontiers fund.
Mr. Deseglise is also an Adjunct-Professor at Columbia University’s School of
International and Public Affairs, teaching on Emerging Markets, and the co-founder and co-director of Columbia University’s BRIC-Lab, set up to study the rise of Brazil, Russia, India and China. Christian has taught at Sciences Po in Paris and at the Institute for High Studies for Development in Bogotá, Colombia. He has written a book “Le Défi des Pays Emergents: Une Chance pour la France”, which was published in France in April 2012. He has also written numerous articles on Emerging Markets.
Christian is a Graduate from Sciences Po in Paris and holds a Master’s degree in Spanish and Latin American Studies from La Sorbonne Nouvelle in Paris. He also received a Master of International Affairs from Columbia University in New York.
In 2003, Mr. Deseglise established Foundation Caring for Colombia, a not-for-profit organization that provides assistance to the victims of violence in Colombia.
Adebayo Ogunlesi is the Chairman and Managing Partner of Global Infrastructure Partners (GIP), a US$5.64 billion investment fund based in New York City. He previously served as Executive Vice Chairman and Chief Client Officer of Credit Suisse’s Investment Banking Division. Mr. Ogunlesi was previously Head of Global Power, Utilities and Project Finance in 1994, and from 1997-2002, served as Head of the Global Energy Group. Prior to becoming an investment banker, he was an attorney with the New York law firm of Cravath, Swaine & Moore. From 1980 to 1981, he served as a Law Clerk to the Honorable Thurgood Marshall, Associate Justice of the United States Supreme Court.