HONG LIU
Showing 1–4 of 4 transcripts.
- Milken Institute57 min
Young Leaders Circle: A Conversation with Weijian Shan
Weijian Shan, Petra Freddi, Catherine, Doga, HONG LIU, Mu Chen, Shaokai Fan
PAG Chairman Sean Weijen discusses the firm's $32 billion private equity strategy in China, which targets domestic consumption sectors while leveraging historical lessons from his own survival through the Cultural Revolution's forced labor camps. He argues that despite US-China trade friction and projected GDP growth slowing to 6%, economic imperatives and China's vast market will sustain superior investment returns driven by a shift from investment-led to consumption-led growth. Weijen further contends that macro risks are best mitigated through strategic currency hedging and sector selection rather than political idealism, citing the Tencent Music investment as a prime example of the firm's focus on scalable consumer opportunities.
- Milken Institute1h 2m
Speed Bumps Ahead: China's Belt and Road Initiative
Cheryl Wu-Dun, Lincoln Leung, Kevin Liu, Winston Ma, Dominic Ng, Perry Wong, HONG LIU, CAROLINE BUCKEE, CAROLINE MECKFESSELSENMILLER JR., DAVID LEONHARDT JR., DAVID LEONG HSUI, LINCOLN CROWE, WINSTON TAYLOR JR., MARTHA MINOWE, YONGJIE LEE CHOI, KEVIN VLKONNOSOHN
The Belt and Road Initiative represents a $1 trillion infrastructure project connecting 68 countries to reshape global trade routes and secure China's western borders, with success metrics targeted for 2049. Panelists from the MTR Corporation, Milken Institute, and other firms discuss the initiative's evolution from state-led construction to a commercial model driven by private capital, while navigating risks like debt sustainability and regulatory scrutiny. Although critics highlight concerns over transparency and geopolitical disintermediation, the consensus suggests that active international participation remains essential to influence standards and mitigate political risks.
- Milken Institute59 min
Japan's Economy, Jump-Started
Kotaro Tamura, Lawrence Ho, Daisuke Iwase, Mitsumaru Kumagai, Aya Murakami, Takao Ochi, HONG LIU
A panel of financial experts and government officials projects a structural transformation of the Japanese economy driven by undervalued equities, aggressive corporate governance reforms, and the strategic introduction of Integrated Resorts to counteract deflation and population decline. Key figures such as Prime Minister Abe and Bank of Japan Governor Kuroda are facilitating policy shifts toward foreign labor integration, sustained monetary easing, and resumed economic cooperation with China to stimulate productivity and tourism. These converging forces are expected to unlock trillions in hidden capital, boost GDP through a 50% growth in the tourism sector, and fundamentally alter Japan's return on equity within the next two to three years.
- Milken Institute1h 0m
Accessing China's Markets
Lucy Colback, Robert Petty, Edwin Wong, Larry Zhang, Patrick Zhong, David Freeman, Rob Hanson, Hong Liu, Brian Kessler, Myron Scholes, FEMALE SPEAKER 1
A panel of financial experts analyzed China's evolving landscape, highlighting regulatory reforms that expanded offshore capital access and the structural shift from heavy industry toward a consumption-driven economy led by a middle class exceeding 100 million people. Speakers distinguished between long-term financial liberalization and tactical management challenges, noting a natural currency hedge from a seven trillion RMB bond market and emerging opportunities in healthcare and distressed assets. The discussion concluded with strategic advice for investors to adopt a five-year horizon, leveraging the gap between domestic and foreign capital managers while navigating communication risks and lease uncertainties.