• The 2nd Annual Shanghai Investing Summit took place on 8 May 2015 and provided an opportunity to hear from and discuss with leading global investors.  

  • Cross-Border Investing

    8 May 2015

    Grand Hyatt Shanghai, Pudong, Shanghai, China

    In an uncertain global economic and political context, investors are challenged to understand new opportunities and manage risk across national borders. The 2nd Annual Shanghai Investing Summit helped investors understand those challenges and provided the tools to address them wisely.

    In one of Asia's most dynamic cities, the Shanghai Investing Summit — hosted by the University of Virginia's Darden Graduate School of Business and Shanghai Jiao-Tong's Antai College of Economics and Management's top-ranked faculty — drew upon leading thinkers and business minds from around the globe to examine the latest trends and opportunities in cross-border investing and provided actionable investment strategies.


    Friday, 8 May

    8:00 a.m. – 9:00 a.m.      


    9:00 a.m. – 9:15 a.m.      

    Welcome and Introductions

    • Robert F. Bruner, Dean, Darden School of Business, University of Virginia
    • Lin Zhou, Dean, Antai College of Economics and Management, Shanghai Jiao Tong University

    9:15 a.m. – 10:15 a.m.   

    Keynote Speaker

    • Ruyin Hu, Chief Economist, Shanghai Stock Exchange

    10:15 a.m. – 11:15 a.m. 

    Keynote Speaker

    • Robert Hugin, Chair and Chief Executive Officer, Celgene Corporation

    11:15  11:30 a.m.                      

    Tea Break

    11:30 a.m. – 12:30 p.m

    Scanning the Globe: Valuations and the Investing Environment

    Panel Discussion

    Facilitator: Xi Chen, Associate Professor, Antai College of Economics & Management


    • Qian Xuefeng, Founding Partner and Chairman, New Access Capital
    • Bradford Willmore, Executive Managing Director and Portfolio Manager, Sarus Capital Management
    • Roy Dahlquist, Managing Director for Asia, Virginia Economic Development Partnership

    12:45 p.m. – 2:00 p.m.   

    Networking Lunch

    2:00 p.m. – 3:00 p.m.

    Keynote Speaker

    • Ming Zhang, Senior Research Fellow and Director, Department of International Investment, Institute of World Economics and Politics, Chinese Academy of Social Science

    3:00 p.m.                        

    Tea Break

    3:30 p.m. – 4:45 p.m.     

    Global Opportunities for Returns: The Long and Short of Public Markets

    Panel Discussion

    Facilitator: Kenneth M. Eades, Professor of Business Administration and Academic Director of the Richard A. Mayo Center for Asset Management, Darden School of Business


    • Hanson Wong, Chief Executive Officer of Belos Capital (Asia) Limited
    • Richard A. Mayo, Chair and Founder, Mayo Capital Partners LLC
    • J. Peter Chen, Head of Business Development, CPPIB Asia, Inc. 

    4:45 p.m. – 5:30 p.m.     

    Concluding Remarks

    • Pan Yingli, Professor of Finance, Antai College of Economics & Management  
    • Kenneth M. Eades, Professor of Business Administration and Academic Director of the Richard A. Mayo Center for Asset Management, Darden School of Business

    5:30 p.m. – 7:00 p.m.     

    Networking Cocktail Reception


    Robert F. Bruner
    University of Virginia Darden School of Business

    Robert F. Bruner is the Dean of the University of Virginia’s Darden School of Business. He was named to the position in 2005. He is also the Charles C. Abbott Professor of Business Administration at Darden.

    Bruner’s areas of teaching, research, and writing include corporate finance, mergers and acquisitions, investing in emerging markets, and financial crises, among other business topics. His book published in 2007, The Panic of 1907: Lessons Learned from the Market’s Perfect Storm , with Sean D. Carr, attracted wide attention for its discussion of the underpinnings of financial crises.

    He holds the B.A. degree from Yale University and the M.B.A. and D.B.A. degrees from Harvard University. Bruner writes a popular blog.

    Peter Chen

    J. Peter Chen
    Head of Business Development
    CPPIB Asia Inc.

    Peter leads business development activities across CPPIB’s private, public, and real estate investment groups, external institutional partners and key stakeholders towards CPPIB’s strategic growth in Asia Pacific. Peter joined CPPIB in April 2009 as Senior Principal to lead private equity principal investments in Asia, and has been serving as Director on the boards of CPPIB (Hong Kong) Ltd. and CPP Investment Board Singaporean Holdings 1 Pte. Ltd. Prior to joining CPPIB, Peter was Principal and a founding member of Bain Capital’s private equity team in China, and previously founder and General Manager at GE Capital Corporate Financial Services in Taiwan focusing on special situation investments across Greater China. 

    Peter is currently the Deal Network Ambassador at Young Presidents Organization's Pan-Asia Chapter. He had previously served on American Chamber of Commerce’s Financial Services Committee in Shanghai and as Governor/Capital Markets Chairman in Taipei, as well as Honorary Advisor to the Society of International Registered Financial Practitioners, and a Rotary Club member. Peter completed his education at the University of North Carolina Chapel Hill (BSBA), Keio University in Tokyo, and Harvard Business School (MBA).

    Xin Chen

    Xin Chen
    Associate Professor
    Antai College of Economics & Management

    Dr. Chen has been working at Antai College since 2006 and was a visiting professor at Aarhus School of Business, Aarhus University, Denmark in 2009. His research fields mainly focus on Empirical Corporate Finance, Capital Market, Corporate Governance, Institutional Investors and Collectibles Investment.

    Dr. Chen has published many research works and publications including Heterogeneous Dividend Preferences of Chinese Individual and Institutional Investors-Evidence from Categorized Daily Share Holding Data, 2013, with Lin Tang and Haiou Hu, China Finance Review International, forthcoming, and Two Proxies for Shareholder Influence: a Case of Payout Policy, 2012, with Cindy Chen and Amit Sinha, Corporate Ownership and Control, Vol 10 Iss1 and Stamp Characteristics and Long-Term Return After Issuance-- Evidence from New China Stamps, 2012, with Xian Chen, China Finance Review International, Vol. 2 Iss 4.

    Roy Dahlquist

    Roy C. Dahlquist
    Managing Director for Asia
    Virginia Economic Development Partnership

    Roy C. Dahlquist has served as the Managing Director of Asia at the Virginia Economic Development Partnership since 2006. In this role, he has developed strong relationships with clients in Asia, managed Virginia Governor trips to Asia, and facilitated collaboration and business between U.S. economic developers and their international representatives. In a previous role as Managing Director of Reynolds Food Packing Operations in China and Retail Product Production, Mr. Dahlquist established a business and operations platform in China for Reynolds Wrap and related products, developed marketing programs to introduce products to China, and managed production operations in China, as well as managing sales and marketing operations in Hong Kong, Singapore, Thailand, Philippines, Taiwan and Korea. He has also worked extensively with international government agencies.

    Kenneth M. Eades
    Professor of Business Administration and Academic Director of the Richard A. Mayo Center for Asset Management
    University of Virginia Darden School of Business

    Professor of Business Administration Kenneth M. Eades teaches First Year and Second Year finance courses for the fulltime program. He also teaches EMBA and GEMBA programs as well as several Executive Education programs.

    His research focuses on corporate finance issues including dividend policy, mergers and acquisitions, investments, defined benefit pensions and pricing of convertible securities. He is the author of more than 50 Darden cases and three textbooks and has received both research and teaching awards. Eades has served as the faculty representative on Darden's Alumni Board and as a member of Darden's Board of Trustees. He has been head of the finance area since 1995 and currently holds the interim title of Academic Director of the Center for Asset Management.

    Professor Eades joined the Darden faculty in 1988. He previously taught at Purdue University, University of Michigan and Northwestern University.

    Ruyin Hu

    Ruyin Hu
    Chief Economist
    Shanghai Stock Exchange

    Dr. Hu is a well-known Chinese economist. He is an expert in the fields of industrial organization, modern corporate theory, modern financial markets and new institutional economics. In 1997, Dr. Hu was appointed Director of the Research Center of the Shanghai Stock Exchange.  He has also served as a Research Fellow and Executive Director of the China Society for Finance and Banking, as a core member of the Asian Roundtable on Corporate Governance, as one of the decision-making consultation experts specially recruited by Shanghai municipal people’s government, and as one of the distinguished experts receiving the State Council special allowance.

    Dr. Hu has worked as part of senior management teams at a number of listed companies. Also, he has led major research projects in order to provide intellectual support to strategic decision-making. As one of the important thinkers in the field of corporate governance in China today, Dr. Hu is also a highly respected author of quite a number of books, such as Inefficiency Economics: Rethinking the Theory of Centralized System.

    Richard A. Mayo
    Chair and Founder
    Mayo Capital Partners LLC

    After receiving his undergraduate degree from the University of Virginia in 1964, Mr. Mayo began his investment career with the First Union National Bank in Charlotte, N.C. He received his M.B.A. from the University of Virginia's Darden Graduate School of Management in 1968.

    After graduation, he was a security analyst for the Keystone Custodian Growth Fund. In 1969 he helped found Batterymarch Financial Management, where he served as a portfolio manager. In 1977, Mr. Mayo was a Founding Partner of the investment firm Grantham, Mayo, Van Otterloo & Co. LLC (GMO), and he was with GMO until he founded Mayo Capital Partners in January of 2002.

    Mr. Mayo is a member of the Board of Trustees for the Thomas Jefferson Foundation. He also serves on the Board of the Children’s Hospital Trust in Boston and is a member of its investment committee. Mr. Mayo also serves on the Board of Directors of the University of Virginia Investment Management Company.

    Robert J. Hugin
    Chair and Chief Executive Officer
    Celgene Corporation

    Robert J. Hugin has been chief executive officer of Celgene Corporation since June 2010 and chair since June 2011. He was previously president and chief operating officer from May 2006 to June 2010, and was elected by the board to serve as a director in December 2001. Hugin served as senior vice president and chief financial officer from June 1999 to May 2006. Hugin is immediate past chair of the board of the Pharmaceutical Research and Manufacturers of America and is a member of the board of trustees of Princeton University, The Medicines Company, and the University of Virginia Darden School Foundation. He also serves as a member of the board of trustees of Atlantic Health System and of Family Promise, a national nonprofit network assisting homeless families.

    Prior to joining Celgene, Hugin was a managing director with J.P. Morgan & Co. Inc. Hugin received an A.B. degree from Princeton University in 1976, an MBA from the University of Virginia Darden School of Business in 1985 and served as a United States Marine Corps infantry officer during the intervening period.

    Qian Xuefeng

    Xuefeng Qian
    Founding Partner and Chairman
    New Access Capital

    Mr. Qian is the Chairman of New Access Capital, which he founded in 2003.  He received the honor of “2007 Top 10 New Financiers of China ”, “2008 Top 10 Young Investors in China”, "2011 Outstanding Venture Investor” and “2013 Outstanding PE/VC Achievement Award”. 

    Mr. Qian worked at Softbank China Venture Capital as Vice President from 2000 to 2003.  From 1994 to 1999, he worked as a corporate attorney with Wall Street law firms (Simpson Thacher, Cleary Gottlieb and Cravath Swaine & Moore) in New York and Hong Kong.

    He has written and published on Forbes China (online journal), Lujiazui Magazine, and has appeared periodically on CCTV and China Business Network (CBN) TV programs speaking on venture capital and entrepreneurship.

    Mr. Qian received Juris Doctor degree from Yale Law School (1994), M.A./PhD qualification in political science from University of California Los Angeles (1991) and LL.B. from Foreign Affairs College in Beijing (1985).  He was a Visiting Fellow at Queen Elizabeth House of Oxford in 1986.  He is currently attending EMBA of Cheung Kong Graduate School of Business.  

    Hanson Wong

    Hanson Wong
    Chief Executive Officer
    Belos Capital (Asia) Limited

    Hanson Wong is Chief Executive Officer of Belos Capital (Asia) Limited. Hanson previously served as the head of the Risk Management Group for Arrow Financial Services LLC.  Hanson was instrumental in developing Arrow's debt purchase platform in the U.S., Canada and Europe and in Arrow's structured finance business in New York.

    Prior to joining Arrow Financial New York Office in 2002, Hanson spent 4 years in proprietary investing, strategic developing and restructuring in Hong Kong before earning his MBA degree  from the Thunderbird School of Global Management. While at Thunderbird, he also worked as the Asia-Pacific Strategy Consultant for MasterCard Worldwide Co-branding Group. Hanson earned his BA from Beijing Normal University, China and MPAcc from Monash University, Australia. He is a CFA charter holder and an FRM. He is fluent in English, Mandarin, Cantonese and Taiwanese.

    Bradford E. Willmore

    Bradford E. Willmore
    Executive Managing Director and Portfolio Manager
    Sarus Capital Management, LLC

    Mr. Willmore has over twenty-five years experience in investment banking and asset management in the U.S., Asia, and Europe and is the Executive Managing Director of Sarus Capital Management, LLC. Mr. Willmore has been working in Vietnam since 2007 and has been active in the valuation of companies in Indochina as well as writing on the economic and market environments in Vietnam. He leads Sarus Capital’s due diligence team in company evaluations and in research analysis covering over 400 companies on the local exchanges. Mr. Willmore has been active in advising Ministries in Vietnam on valuation and privatization strategies, as well as State Owned Entities in Vietnam since 2007.

    Prior to Sarus Capital Management, Mr. Willmore was a founding partner of Wallace Willmore Cromwell, LLC based in Washington, D.C. which issued the successful WWC Venture Fund. Prior to founding Wallace Willmore Cromwell, Mr. Willmore was an investment banker in the corporate finance department at Salomon Brothers in New York City and San Francisco, covering industries ranging from health care, technology and aerospace to forest products, energy and diversified manufacturing. Mr. Willmore has significant experience in company valuations, debt and equity transactions totaling more than $10 billion, and mergers and acquisition advisory services with transactions ranging from $30 million to more than $4 billion. Mr. Willmore’s experience includes complex structured transactions as well as innovative long-dated bonds and company roll-ups and restructurings as well as many other transactions ranging from smaller portfolio divestitures to complex high
    yield funded structures for the utility industry.

    Mr. Willmore holds an MBA from the Darden School, University of Virginia.

    Zhang Ming 

    Ming Zhang
    Director and Senior Research Fellow
    Department of International Investment, Institute of World Economics and Politics, Chinese Academy of Social Science

    Ming Zhang is a senior research fellow and the director of Department of International Investment, Institute of World Economics and Politics (IWEP) under Chinese Academy of Social Science (CASS). His research covers international finance and Chinese macro-economy. In the past several years his interest fields include cross-border capital flow, global financial crisis, foreign exchange reserves, RMB’s exchange rate and internationalization. He has published several books, many peer-reviewed academic papers and numerous articles. Before joining in IWEP, he worked as an auditor in KPMG, and a PE fund manager in Asset Managers Group (Japan). He received his doctor’s degree from the Graduate School of CASS.

    Pan Yingli

    Pan Yingli
    Department of Finance
    Antai College of Economics & Management

    Professor Yingli has been a full professor in Antai's Department of Finance since 2005. Her research interests include macroeconomics, international finance, money, and banking. Previously, she served as a full professor and Dean in the Department of Finance at East China Normal University. Throughout her academic career, Professor Yingli has visited and taught at the University of California at Berkeley, Wilton Park in the U.K., McGill University, the Central Bank and Ministry of Finance in Canada, the Financial Ministration Bureau in Singapore, and the European Central Bank in Germany. Additionally, she was awarded a Fulbright and spent a year at NYU in the United States.

    Professor Yingli currently serves as the Director of the Chinese Research Institute of Foreign Economics, the Standing Director at the Chinese Academy of World Economy, the Director of the Chinese Research Institute of International Finance, and Vice-Chairman, at the Shanghai Research Institute of the International Financial Center.

    Dean Zhou

    Zhou Lin
    Antai College of Economics & Management
    Shanghai Jiao Ton University

    Zhou Lin assumed the Deanship of Antai College of Economics and Management, Shanghai Jiao Tong University in April 2010. Prof. Zhou received his Bachelor's degree from Fudan University in 1982, and his Ph.D. in Economics from Princeton University in 1989. He has taught at Yale University, Duke University, Arizona State University, City University of Hong Kong, and Tsinghua University. In 2006, Prof. Zhou was granted the Chang Jiang Scholar by Ministry of Education of China. He was elected Fellow of the World Econometric Society in 2009, the first scholar in China to be granted this award. Before serving as the Dean of Antai College, Prof. Zhou was Dean of the School of Economics of Antai Collge and the Deputy Dean of Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University. Prof. Zhou’s research interests include Microeconomics, including Game Theory, Mechanism Design, Social Choice Theory and Welfare Economics. He has published articles in leading economic journals like Econometrica, Review of Economic Studies, Journal of Economic Theory, Games and Economic Behavior. He has also edited many renowned journals, such as the Mathematical Social Sciences and Social Choice and Welfare.


    The 2015 Shanghai Investing Summit took place at the Grand Hyatt Shanghai in Pudong. 

    Jin Mao Tower, 88 Century Avenue, Pudong
    Shanghai,  China, 200121
    Tel: +86 21 5049 1234
    Email: shanghai.grand@hyatt.com

    Flight Information

    Shanghai Pudong International Airport is the primary airport serving Shanghai and a major aviation hub for Asia. It is located approximately 40 kilometers or 45 minutes by car from the Grand Hyatt Pudong.

    Taxi Information

    Taxis are a convenient and common way to travel around Shanghai. Always carry a "taxi card," which you can request from your hotel. Most taxi drivers will not speak or read English and a taxi card or note with your destination written in characters is the best way to communicate with drivers. Taxi drivers do not accept tips. The Grand Hyatt Taxi Card will help you and your driver find the hotel. Please carry it with you for your reference as you travel.

    Avoid taxis with a license plate beginning with the letter 'X.' They are unlicensed and may not adhere to the code of conduct required for licensed taxis.


    The RMB/Yaun is the official currency in China. The estimated exchange rate is 1 USD: 6.2 RMB and 1 EUR: 7.2 RMB. Most commercial banks, top-end hotels, and airports provide currency exchange services. 


    The Shanghai Investing Summit events are business attire.


    The Shanghai Investing Summit had a translation service allowing speakers of both Mandarin and English to attend and participate. 

    Contact Information

    Darden School of Business

    Center for Global Initiatives 



    Darden Center for Global Initiatives

    University of Virginia

    100 Darden Boulevard

    Charlottesville, Virginia 22903

    Center for Global Initatives Logo (2)

    Mayo Center for Asset Management Logo

    Antai College of Economics & Management Logo