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  • Background

    In 2015, the balance of the personal consumption loans in our country reaches 18.96 trillion RMB. According to the estimation from the Boston Consulting Group (BCG), the balance of this type loans will increase to 30-40 trillion RMB in 2017; meanwhile, the personal consumption loans accounts for 18.8% of the total loan in China's financial institutions by the end of 2015, the figure of which amounts to 4.8% after excluding the housing mortgage, which remains a big gap as compared with the mature foreign markets that have more than 30% of the personal consumption loans. With the ever growing residents' consumption expenditure, the huge market space of consumer finance will be released by the enhanced proportion of leveraged consumption.

    Currently, on one hand, the domestic consumer groups and mindsets are changing, as the consumption proportion of young generation is continuously mounting and the conservative mind set of consumption is shifting into a more aggressive mindset. At the same time, national policies proactively promote the development of consumer finance and boost consumer spending. Taking the Guiding Opinions on Enhancing Financial Support to New Consumption Sectors for instance, it promotes the development of consumer finance; during the NPC and CPPCC sessions, it was mentioned in the government work report that the pilot projects of consumer finance companies would be carried out in China to encourage the financial institutions to innovate consumer credit products; the National Development and Reform Commission(NDRC)scales up the pilot projects of consumer finance to the whole country, etc. Favorable policies have become an important driver to enhance the development of the industry.

    On the other hand, with the constantly improvement on domestic credit system and the application of big data gradually becoming known to the public, the continuous upgrading of consumer finance infrastructure boosts the overall development of the industry. As Internet finance has been growing rapidly in recent years, it witnessed that the market has been revitalized by consumer finance gradually. Presently, the market offers richer and wider variety of entities, including commercial banks, licensed consumer finance companies, e-business tycoons, Internet players and Internet financial platforms. They all scramble for the market to grab their share. In a word, the wind of consumer finance is blowing.

    Against the above context, 2016 China Consumer Finance International Summit aims at gathering elites of all circles, including foreign banks, like Citibank, Wells Fargo Bank, Santander Central Hispano, consumer finance company Home Credit China; domestic banks, like Bank of Beijing, Bank of China, Industrial Bank; domestic consumer financial entities, like Ant Financial, JD Finance, Suning, etc., as well as Internet financial companies, credit service agencies and industry research institutions. The summit going to find out the key point of development in the consumer finance industry, discuss the innovation mode and developing direction in the future, and cope with the existing difficulties and obstacles etc.

    Academic Support: 01Data Research Institute (01caijing.com), 01 Financial Leasing Research Center(01leasing.com), 01 Central China Financial Innovation Research Institute
    Strategic Cooperation Media: Tencent Finance
    Special Support: Grandtale Consulting, Enjoy Media
    Media Support: CCTV News Center, Voice of Economy from China National Radio, Chinese Business News, National Business Daily, 21st Century Business Herald, the Economic Observer,  Financial Times, China Securities Journal, Securities Daily, China.org.cn, caixin.com, Beijing Business Today, the Beijing News, Investor Journal Weekly, Beijing Times, finance.sina.cn, money.163.com, Yema Financial, Baidu Baijia, jrj.com.cn, jpm.cn
    Special We Media: Gloden Fleece Workshop, P2P Daily, xintuoquan.com, Central Bank Observation, Internet Financial Press Conference, Consumer Financial Observation

    Main Topics:
    • Analysis of Consumer Finance Policy Updates in China
    • Gains and Losses of Consumer Finance Development in the USA
    • The Comparative Analysis of the Development Models between Consumer Finance in China and USA
    • Innovation of Financial Service against the Upgrading of Consumption
    • Experience Sharing of Consumer Finance Marketing and Credit Management
    • Plan of Establishing China's Credit System
    • Risk Control Features in Consumption Credit
    • Quantitative Risk Management of Consumer Finance
    • Co-opetition Relationships between Traditional Banking Institutions and Emerging Consumer Finance Companies
    • How to Seek Scenario-based Cooperation When Scenario Matters in Consumer Finance
    • The Status Quo of Consumer Credit Asset Securitization in China
    • Comparison of Developing Models of Consumer Credit Asset Securitization in China and USA
    • Probe into Consumer Financial Asset Securitization in China
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    Contact Person:

    Patrick Chow
    Email:
    patrick.chow@borscon.com
    Tel:0086 21 6485 6566
    Fax:0086 21 5436 3078
    Web:
    www.borscon.com/2016cf/

     

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