ICBC Credit Suisse Asset Management Co., Ltd. is the first joint-venture asset management company established and controlled by a state-owned bank in China. Since the Company was founded in 2005, it has upheld the mission of “Providing Excellent Wealth Management Services for Clients with Prudent Investment”. With its strong shareholder support, prudent management philosophy, scientific investment process, robust risk control system and experienced management team, the Company commits to provide first-class investment management services to investors in a professional and regulated manner that lives up to international standards. Adhering to the “people-oriented” approach, the Company has attracted talent from home and abroad and has built a credible, diligent and cohesive professional team. The Company is among the first in the industry to establish both long and short-term incentive mechanisms, which achieves multiple objectives including team stability, risk control, long-term development and creating robust returns for investors. Currently, the Company has a total of 176 employees, most of whom hold Master’s Degree or higher and more than half of this total has worked or studied overseas. Over the past six years, the Company has won trust of numerous clients with its robust performance and excellent services, and business has continued to develop rapidly. By the end of 2010, the Company acquired business qualifications for managing mutual funds, QDII, pension funds, separate managed account (SMA) and investment manager of National Social Security Fund, and has become one of 12 fund management companies with “full qualification” as well as the only banking fund management company with “full qualification” in the industry. Also by the end of 2010, the Company provided asset management services for almost four million mutual fund clients and over 1,000 pension and SMA clients with products covering 18 mutual funds as well as dozens of pension fund and SMA portfolios and total asset under management reaching approximately RMB 90 billion. The Company is now an asset management brand well-respected by investors and the general community. Some awards include the “New Star of Golden Bull Fund Management Companies of 2006” and the “Top 10 Golden Bull Fund Companies of 2008” by China Securities Journal; the “2007 Best Risk Control Award to Fund Management Company in China” and “2010 Bond Investment Return Company Award” by Shanghai Securities News; and the “2008 Star Fund Company in China” by Securities Times.

中国证监会博士后科研工作站
招收首批博士后研究人员公告

为加强对资本市场监管工作重要问题的研究，提高监管工作的质量和水平，培养高层次科研人才，经国家人力资源和社会保障部批准，中国证券监督管理委员会设立博士后科研工作站，现面向国内外公开招收首批博士后研究人员。

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2011 TCFA Best Paper Awards

October 1, 2011

The Chinese Finance Association is pleased to announce the following winners of its 2011 TCFA Best Paper Awards:

Best Paper on Global Financial Markets

"The seeds of a crisis: a theory of bank liquidity," by Viral Acharya (New York University) and Hassan Naqvi (National University of Singapore)

"Differential access to price information in financial markets," by David Easley (Cornell University), Maureen O’Hara (Cornell University), and Liyan Yang (University of Toronto)

"On externalities and incentives: the role of the market power and organizational form of financial intermediaries," by Kose John (New York University) and David Ross (Columbia University)

"Dynamics of entrepreneurship under incomplete markets," by Chong Wang (Naval Postgraduate School), Neng Wang (Columbia University), and Jinqiang Yang (Shanghai University of Finance and Economics and Columbia University)

Best Paper on Chinese Capital Markets

"Lack of comovement and property rights protection: firm-level evidence," by Pengjie Gao (University of Notre Dame) and Yongxiang Wang (University of Southern California)

"The Role of foreign investors in stock liquidity around the world," by Lilian Ng (University of Wisconsin-Milwaukee), Fei Wu (Jiangxi University of Finance and Economics), Jing Yu (University of Western Australia), and Bohui Zhang (University of New South Wales)

"Does informal finance help formal finance? Evidence from 3rd party loan guarantees in China," by Susan Shan and Dragon Tang (University of Hong Kong)

Best Paper on Chinese Capital Market (written in Chinese)

"农村中小企业信用评估的模型构建与实证检验," 刘莉亚 (上海财经大学), 胡乃红 (上海财经大学), 马晓青 (上海电力学院), 王静 (上海财经大学);

"系统性定价偏误：中国A 股盈余公告后的价格漂移研究," 陆婷 (中国人民银行金融研究所).

Awards and award winning papers will be presented at the Second Annual TCFA Best Paper Symposium to be held at the Le Parker Meridien Hotel in New York City on Saturday, October 29, 2011.

The symposium will also feature a keynote speech by Franklin Allen, the Nippon Life Professor of Finance and Economics at the Wharton School, and a panel discussion on “Academic Research and Careers in Finance in China.” Confirmed panelists include Professors Franklin Allen (Wharton School), Henry Cao (Cheung Kong Graduate School of Business), Kose John (New York University), and Neng Wang (Columbia University).

We congratulate all winners and thank them for their high-quality research in global and Chinese financial markets. We would also like to thank the program committee for their hard work in reviewing a record number of high quality submissions, and thank all the authors who submitted their papers to the symposium this year. Finally, we gratefully acknowledge the continuing support from the sponsor of the TCFA Best Paper Awards.

Agenda Download:

TCFA Best Paper Symposium Organization Committee:

Jingzhi Huang (Chair) Penn State University

Jun Qian (Co-Chair) Boston College

Chenyang Wei (Co-Chair) Federal Reserve Bank of Philadelphia

An Yan (Co-Chair) Fordham University

Wuxiang Zhu (Co-Chair) Tsinghua University

TCFA Best Paper Program Committee:

Yingmei Cheng Florida State University

Ping He Tsinghua University

Jingzhi Huang Penn State University

Lin Ping Baruch College-CUNY

Jun Qian Boston College

Yiming Qian University of Iowa

Tie Su University of Miami

Ashley Wang Board of Governors of the Federal Reserve System

Jun Wang Baruch College-CUNY

Tan Wang University of British Columbia

Chenyang Wei Federal Reserve Bank of Philadelphia

An Yan Fordham University

Tong Yu University of Rhode Island

Xiaoyun Yu Indiana University

Yi Zhang Peking University

Guofu Zhou Washington University-St. Louis

Ning Zhu Shanghai Advanced Institute for Finance

Established on April 9, 1998, China Asset Management Co., Ltd. (ChinaAMC) is one of the first nation-wide fund management companies approved by China Securities Regulatory Commission (CSRC). With headquarter locates in Beijing, ChinaAMC has branches in Beijing, Shanghai, Nanjing, Shenzhen, Guangzhou, Chengdu and Hangzhou, and a subsidiary in Hong Kong. ChinaAMC devotes to providing qualified investment products and services to investors on the basis of professional and prudent investment and research.

Business Development

ChinaAMC keeps its leading position in the industry with regulated operation, stable management and comprehensive strengths. As of June 30, 2011, ChinaAMC had distributed RMB 72.1 billion dividend to fund investors accumulatively. And it has 16 million investors.

Business Range

ChinaAMC develops rapidly and has obtained full licenses in the industry. It’s one of the first investment managers of National Social Securities Fund, corporate annuities and QDII funds, the first ETF manager in China, and it’s qualified to manage separated accounts. ChinaAMC's business range is one of the widest in the industry.

Investment and Research Team

ChinaAMC is the first in the industry to initiate the investment philosophy of Research Creates Value. It established strict investment process and systems, in order to obtain stable and reliable return through professional and prudent investments. ChinaAMC has attracted lots of overseas professionals with high-standard ethics, rich experience and outstanding research capabilities to join its investment and research team. The average industry experience of ChinaAMC's fund managers is over ten years. While sharing the team wisdom, fund managers in ChinaAMC play an active role in investment management with independence and prospective views. The whole team is experienced and full of vigor.

Fund Product

ChinaAMC has established a completed product-line, including 24 open-end funds and 2 closed-end funds, from money market fund with low risk and return to equity funds with high risk and return, which could meet the demands of investors with different risk preferences. ChinaAMC also manages several mandates of National Social Securities Fund. It has also been designated as the investment manager of corporate annuities by more than 100 large and medium-sized enterprises, and the asset manager of segregated accounts by many clients. ChinaAMC in one of the fund houses with the largest number and most types of funds in China.

Official website：www.chinaamc.com

Please check the attached word document for openings available.