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From February 4th to February 10th, 2016, the Executive Committee and the Secretariat of CSF organized an election for the first group of directors of the Board and co-chairmen of Member Committees, and based on the election result, held a subsequent election for the co-chairmen of the Board, and completed the formation of the first Board. The newly formed Board and the Executive Committee made decisions on certain positions in the Standing Committees after thorough discussions.‍‍‍‍‍‍

According to the Articles of Association, the election of directors can be held concurrently with the election of chairmen and co-chairmen of Member Committees. On the basis of nominations received from CSF’s Institutional Members prior to January 31, 2016, after careful considerations, the Nominating Committee selected the first group of candidates for Board directors and for co-chairmen of Member Committees, and the representatives appointed by the Institutional Members then elected the first group of Board directors and co-chairmen of Member Committees through a democratic process.

The newly elected directors then proceeded to elect co-chairmen of the Board, in accordance with the Articles of Association, and Mr. Jian GAO and Mr. Anthony Neoh were elected by a unanimous vote. In accordance with the Articles of Association, the Meeting of Founding Members had previously elected Mr. Borong LIU as Chairman of the Executive Committee, so he will also serve as vice-chairman of the Board – a position which, in accordance with the Articles of Association, is to be held by the chairman of the Executive Committee.

According to the Articles of Association, all members of the Executive Committee and three additional special monitors (each of whom was a delegated representative from an Institutional Member which is not represented on the Board) supervised the election process. The monitors were Professor Yong WANG (doctoral thesis supervisor of China University of Political Science and Law, the lead monitor), Professor Fang WANG (Beijing National Accounting Institute) and Dr. Yang PANG (China Securitization Analytics).

Election results of the CSF Board of Director (46 Directors) are listed below (in no particular order):

1. Jian GAO, elected Co-Chairmen, previously served as Executive Vice Governor for China Development Bank;
2. Anthony Neoh, elected Co-Chairmen, previously served as Chief Advisor for China Securities Regulatory Commission, as Chairman for Securities & Futures Commission of Hong Kong;

 

3. Borong LIU, elected  Vice-Chairman, serves in Zhonglun Law Firm as Partner;

 

4. Zhouqi JIA, elected Director, serves in China International Capital Corporation Limited (CICC) as Executive Director of Fixed Income, Commodities and Currency;

 

5. Todd LI, elected Director, serves in China Merchants Securities Co., Ltd as Managing Director & Head of Debt Financing Department, FICC;

 

6. Qiang YU, elected Director, serves in CITIC Securities Co., Ltd as Director & Co-Head of Securitization Business Dept.;

 

7. Jin DING, elected Director, serves in Guotai Junan Securities Co., Ltd as Director of Debt Financing Department;

 

8. Yang YANG, elected Director, serves in Haitong Securities Co., Ltd as Deputy General Manager of Wealth Management Center;

 

9. Hao DENG, elected  Director, serves in HengTai Securities Co., Ltd as Vice President;

 

10. Xiaofeng QIU, elected Director, serves in Huatai United Securities Co., Ltd as Vice President of Fixed Income Dept.;

 

11. Chunxin KE, elected Director, serves in China Securities Fixed Income Division as Executive General Manager;

 

12. Xiaojie MA, elected Director, serves in Shenwan Hongyuan Securities Beijing Asset Management Business Arm as Executive Director;

 

13. Yaoguang LI, elected Director, serves in Morgan Stanley Huaxin Securities as Vice President of Fixed Income Dept.;

 

14. Angela LIU, elected Director, serves in Morgan Stanley  as Head of Securitized Products Group in Asia & Head of Greater China Fixed Income Distribution;

 

15. Yanling WANG, elected Director, serves in Bank of Nanjing as General Manager of Investment-Banking;

 

16. Kyson HO, elected Director, serves in HSBC Bank as Managing Director of Asia-Pacific Structured Finance Dept.;

 

17. Xinying ZHENG, elected Director, serves in China Merchants Bank as Managing Director & Deputy General Manager of Investment Banking Dept.;

 

18. Alan LAI, elected Director, serves in Citibank China as Sales Head of North Asia;

 

19. Ren CHEN, elected Director, serves in Jiangnan Rural Commercial Bank as General Manager of Corporate Banking Dept.;

 

20. Hongrui JIA, elected Director, serves in Shanghai Pudong Development Bank as Deputy General Manager of Investment-Banking & The Key Client Dept., as General Manager of SPDB International Holdings Limited;

 

21. Jian SHI, elected Director, serves in CITIC Trust as General Manager of Structured Finance;

 

22. Xiaofei YAN, elected Director, serves in CCB Trust Co., Ltd as General Manager & Senior Economist of Trust Business department II;

 

23. Lei SHU, elected Director, serves in Ping An Trust as Head of Securitized Products Dept.;

 

24. Mingyi LI, elected Director, serves in China National Investment & Guaranty Corporation   as General Manager of Financial Products II;

 

25. Xin SU, elected Director, serves in Gohigh Capital as Executive Partner;

 

26. Huanli LIU, elected Director, serves in GF Securities Asset Management (Guangdong) Co., Ltd as Director of Securitization;

 

27. Lin LU, elected Director, serves in Xinyuan Asset Management Co., Ltd as Head of Securitization;

 

28. Pan GONG, elected Director, serves in Minsheng Royal Asset Management Co., Ltd as Vice President;

 

29. Dakang ZHU, elected Director, serves in Wanjia Asset Management Co., Ltd as Deputy General Manager;

 

30. Yang XIA, elected Director, serves in Orient Minerva Asset Management Co., Ltd as Vice President;

 

31. Mingjun ZHU, elected Director, serves in Communications Schroder Asset Management Co. Ltd (BOCOM AMC) as Deputy General Manager;

 

32. Yang YU, elected Director, serves in China Cinda Asset Management Co., Ltd as Senior Deputy General Manager;

 

33. Nian SHI, elected Director, serves in Desheng Capital Investment Management Co., Ltd as Senior Managing Director & Head of Asset-Backed Securities;

 

34. Feng GAO, elected Director, serves in Huatai P&C Company as Vice General Manager & CFO;

 

35. Simon JIN, elected Director, serves in Standard and Poor's Ratings Services as President of Greater China;

 

36. Huawei WAN, elected Director, serves in United Credit Ratings Company Limited as Vice President & Chief Credit Officer;

 

37. Jian HU, elected Director, serves in Moody's Investors Service as Managing Director of Structured Finance;

 

38. Henry HUNG, elected Director, serves in Fitch Rating as Senior Director, Head of Greater China Structured Finance & Financial Institutions Business Relationship Management;

 

39. Mingyuan LU, elected Director, serves in China Bond Rating Co., Ltd as Vice President of Financial Business Dept.;

 

40. Yan HU, elected Director, serves in PricewaterhouseCoopers as Partner;

 

41. Charles SONG, elected Director, serves in Jilin Northern International Finance Trade Market Co., Ltd as President;

 

42. Jichuan YANG, elected Director, serves in Hfax (subordinate to Sunshine Insurance Group) as CEO;

 

43. Susie Cheung, elected Director, serves in Asia-Pacific Structured Finance Association (APSA) as Co-Convener, previously served as General Counsel and Company Secretary for The Hong Kong Mortgage Corporation Limited;

 

44. Kenneth Kwan, elected Director, serves in Standard Chartered Bank as Executive Director of Capital Markets Solutions Group, also as the member of Asia Securities Industry & Financial Markets Association (ASFIMA);

 

45. Timothy J. Hughes, elected Director, previously served as Chairman of Australian Securitisation Forum (ASF);

 

46. Vernon Spencer, elected Director, serves in Stargate Global Asset Management Pty Ltd as Executive Chairman;

 

Election results of Co-Chairmen of the CSF Member Committees (16 Co-Chairmen) are listed below (in no particular order):

1. Li MA, elected Co-Chairmen of the Rating Methodology and Policy Committee, serves in China Chengxin International Credit Rating Co. Ltd as President;
2. Yunlu YAN, elected Co-Chairmen of the Trust Asset Securitization Committee, serves in Shanghai International Trust Co., Ltd as Head of Securitization Team;

 

3. Yang BAI, elected Co-Chairmen of the Credit Card Securitization Committee, serves in China Resources Szitic Trust Co., Ltd as General Manager of Financial Institutions;

 

4. Yongfeng WEI, elected Co-Chairmen of the Shadow Banking Committee Co-Chairman, serves in China Credit Trust Co., Ltd as General Manager of Structured Finance;

 

5. Wenwen LIU, elected Co-Chairmen of the Enterprise Loan Securitization Committee, serves in Bank of Communications International Trust Co., Ltd as General Manager of Assets Securitization Dept.;

 

6. Chi ZHANG, elected Co-Chairmen of the Auto Loan and Equipment Loan Securitization Committee, serves in Chang’an International Trust Co., Ltd as General manager of Debt Capital Market Dept.;

 

7. Dong YANG, elected Co-Chairmen of the Non-performing Asset Securitization Committee, serves in China Oriental Asset Management Co., Ltd as General Manager of Treasury & Financial Market Dept.;

 

8. Josh Yisheng ZHOU, elected Co-Chairmen of the Real Estate Asset Securitization Committee, serves in Tianjin Changhe Equity Investment Fund as Executive Partner;

 

9. Will CHEN, elected Co-Chairmen of the Commercial Mortgage Backed Securitization Committee, serves in China Development City Commercial Fund as Chief Investment Officer;

 

10. Fei ZUO, elected Co-Chairmen of the ABS Issuance and Underwriting Policy Committee, serves in China Merchants Securities Co., Ltd as Executive Director of Headquarters of Investment Banking, as Deputy General Manager of Innovative Financing Dept.;

 

11. Jay GUO, Ph.D., elected Co-Chairmen of the ABS Issuance and Underwriting Policy Committee, serves in Nanjing Zhongyiren Investment Co., Ltd as Chairman of the Board, as Adjunct Researcher for Tsinghua University National Institute of Financial Research;

 

12. Xiwen FAN, elected Co-Chairmen of the Risk Retention Committee, serves in Hanqing Advanced Institute of Economics and Finance at Renmin University of China as Adjunct Professor;

 

13. Ning SONG, elected Co-Chairmen of the Tax Policy Committee, serves in Wanda Group as Deputy General Manager of Finance Center;

 

14. Gabel Zhiping SHI, elected Co-Chairmen of the Project Asset-backed Program Committee, serves in Anbang Insurance Group Co., Ltd as Director of Group Investment Center;

 

15. Juliet LI, elected Co-Chairmen of the Accounting Policy Committee, serves in Deloitte & Touche as Partner;

 

16. Maggie ZHAO, elected Co-Chairmen of the Securitization Legal Issue Research Committee, serves in Clifford Chance LLP as Partner, also as the member of Association for Financial Markets in Europe(AFME).

 

In accordance with the Articles of Association, the Board and the Executive Committee discussed and decided on certain positions in the Standing Committees, which are listed below (in no particular order):

1. Borong LIU, Chairman of the Membership Committee and the Annual Conference, serves in Zhonglun Law Firm as Partner;
2. Yang PANG, Co-Chairmen of the Membership Committee, serves in Shanghai Alliance Financial Services Co., Ltd as CEO;

 

3. Jay GUO, Ph.D., Co-Chairmen of the Annual Conference Committee, serves in Nanjing Zhongyiren Investment Co., Ltd as Chairman of the Board, in Tsinghua University National Institute of Financial Research as Adjunct Professor;

 

4. Hao ZHOU, Chairman of the Education Committee, serves in Tsinghua University PBC School of Finance as Deputy Dean;

 

5. Vera Chaplin, Member of the Education Committee, serves in Standard & Poor's as Managing Director and Regional Practice Leader for Structured Finance Ratings;

 

6. Lei SHU, Member of the Education Committee, serves in Ping An Trust Co., Ltd as Head of Securitized Products Dept., also is Director of the CSF Board;

 

7. Ning SONG, Member of the Education Committee, serves in Wanda Group as Deputy General Manager of Finance Center, also is Co-Chairmen of the CSF Tax Policy Committee;

 

8. Yaoguang LI, Member of Education Committee, serves in Morgan Stanley Huaxin Securities as Vice President of Fixed Income Dept., also is Director of the CSF Board.

 

The Advocacy Committee and Conflict Resolution Committee have not yet been formed.

The Executive Committee and the Secretariat of CSF wish to express sincere gratitude for the strong support throughout the elections from all Institutional Members and the election monitors. We also wish to congratulate co-chairman Mr. Jian GAO, co-chairman Mr. Anthony Neoh, vice co-chairman Mr. Borong LIU, the directors, and the chairmen and co-chairmen of the Standing Committees and Member Committees on being elected and/or being appointed. We look forward to working closely with everyone to accomplish the three missions of the Forum (“Education, Consensus Building, Advocacy”), to nurture the development of China Securitization Forum, and to push for progress and innovation in the securitization industry. 

Lastly, the members of the CSF Executive Committee and the Secretariat are listed below:

1. Borong LIU, Chairman of the Executive Committee, serves in Zhonglun Law Firm as Partner;
2. Jun TANG, Vice chairman of the Executive Committee, serves in CITIC Securities Co., Ltd as Managing Director, as Admin Officer of Securitization Business Dept.;

 

3. Li MA, Member of the Executive Committee, serves in China Chengxin International Credit Rating Co. Ltd as President;

 

 

4. Jeff TAO, Member of Executive Committee, serves in Deloitte & Touche as Partner;

 

5. Steven CHEN, Member of Executive Committee, serves in Standard Chartered Bank (China) Limited as Standard Chartered Bank (China) Limited Director of Capital Markets Solutions.

 

Mr. Borong LIU will serve as the interim Secretary General until the Board elects a new Secretary General. The other main staff of the Secretariat include Jay GUO (Executive Secretary General), Yang PANG (Executive Secretary General), Philip ZHANG(Deputy Secretary General), Richard Mertl (Assistant to Secretary General), Jian XU (Assistant to Secretary General), Rui SUN (Assistant to Secretary General), Kay FANG (Assistant to Secretary General), Emily WANG (Assistant to Secretary General).

According to the Articles of Association, the terms for the directors of the Board, Co-Chairmen and Vice Chairman of the Board, members of the Executive Committee, the Secretariat, the Standing Committees and the Member Committees are governed by the following rules:

• The term of a director is approximately two years, and each director can serve two consecutive terms, if elected.  After serving two consecutive full terms, a director must wait one year before qualifying for re-nomination to the Board by the Nominating Committee;
• Members of the Executive Committee will each serve a two-year term, and may serve consecutive terms, if re-elected;
• Co-chairman of the Board and vice co-chairman of the Board may serve consecutive terms, if re-elected;

 

• The Secretary General will serve a two-year term, and may serve consecutive terms, if re-elected;

 

• The chairmen and the co-chairmen of the Standing Committees will each serve a two-year term, and may serve consecutive terms, if re-elected;

 

• The chairmen and the co-chairmen of the Member Committees will each serve a one-year term, and may serve consecutive terms, if re-elected.

In response to inquiries, during the March, 2015 CSF Annual Conference, certain Chinese regulatory agencies and market associations directed a number of inquiries to the US based Structured Finance Industry Group (SFIG).  In response, SFIG is preparing a US Securitization Whitepaper, which SFIG leaders will present to CSF during the CSF 2016 Annual Conference, to be held in the China National Convention Center in Beijing, from April 7th to 9th 2016.  During the course of the past year, China became the second largest securitization issuer in the world.  CSF will send a delegation to participate in the ABS Vegas 2016 conference, from February 28th to March 2nd, to discuss the implementation of CSF’s strategic partnership with SFIG, and to invite overseas securitization experts to provide technical advice for the development of securitization in China.

 

CSF plans to complete the election of the second group of directors and Member Committee Chairmen/Co-Chairmen, in stages, by the end of March, and welcomes participation by all Institutional Members.

 

 

Chairman of the Executive Committee of CSF  Borong LIU;

 

Lead election monitor  Professor Yong WANG

(Doctoral thesis supervisor and Director of the Commercial Law Institute of China University of Political Science and Law)

 

 

February 12^th, 2016

 

Warm Reminder

 

• CSF plans to complete the election of the second group of directors and Member Committee Chairmen/Co-Chairmen, in stages, by the end of March, and welcomes participation by all Institutional Members.

 

• China Securitization Forum individual member personal membership accounts are now available online. Online personal membership accounts for CSF individual members provide an advanced and practical online networking environment by integrating CSF's organization platform, working platform, conference platform, training platform, communication platform, personal profile platform and advertising platform into a single unified application. Individuals and institutions active in securitization, whether domestically or abroad, are welcome to participate in CSF and may become members for no fee. CSF will create a separate online personal membership account for every member, for free.

 

• CSF will host its 2016 Annual Conference of the China Securitization Forum on April 7-9, 2016 at the China National Convention Center. More than 3000 people will attend, you can visit the Annual Conference website: www.securitization.com.cn .

 

• You can follow the CSF WeChat channel public number: "China-Securitization", click on the "Enter the public number" to see the bottom of the page three menus as follows: "CSF Website" , "Annual Conference Website" and "MENU". 

 

Copyright:

We welcome forwarding or reproduction of the articles from CSF  (China Securitization Forum). For the cooperation issues, please email to secretariat@chinasecuritization.org.