Seoul, KOR IPAF...Nov 2013 1st Training Seminar Seoul, KOR May 2014 2nd Training Seminar Shanghai,...
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IPAF The New Horizon of Asian Economic Cooperation IPAF is supported by the Asian Development Bank through a regional technical assistance project
Transcript of Seoul, KOR IPAF...Nov 2013 1st Training Seminar Seoul, KOR May 2014 2nd Training Seminar Shanghai,...
© Asian Development BankPublication Stock No. ARM146836-2 September 2014 Printed on recycled paper
About the Asian Development Bank
ADB’s vision is an Asia and Pacifi c region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to approximately two-thirds of the world’s poor: 1.6 billion people who live on less than $2 a day, with 733 million struggling on less than $1.25 a day. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration.
Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance. IPAF
The New Horizon of Asian Economic
Cooperation
IPAF is supported by the Asian Development Bank
through a regional technical assistance project
Founding MembersChina Cinda Asset Management Co., Ltd. (People’s Republic of China [PRC]) • China Great Wall Asset Management Corporation (PRC) • China Huarong Asset Management Co., Ltd. (PRC) • Korea Asset Management Corporation (Republic of Korea) • Sukhumvit Asset Management Co., Ltd. (Thailand) • Viet Nam’s Debt and Asset Trading Corporation (Viet Nam)
Associate MemberFund of Problem Loans (Kazakhstan)
IPAF SecretariatJunkyu Lee ([email protected])Hyung Soo Kim ([email protected])Sittie Olalia ([email protected])Offi ce of Regional Economic IntegrationAsian Development Bank6 ADB Avenue, Mandaluyong City1550 Metro Manila, PhilippinesTel +63 2 632 4444https://ipaf.adb.org/
IPAF Activities
Date Event Location
Jan 2013 Preliminary Coordinating Council Meeting
Seoul, KOR
May 2013 1st Summit and Conference (Chair: Korea Asset Management Corporation)
Seoul, KOR
May 2013 Coordinating Council Meeting Seoul, KOR
Sep 2013 Coordinating Council Meeting Bangkok, Thailand
Nov 2013 1st Training Seminar Seoul, KOR
May 2014 2nd Training Seminar Shanghai, PRC
May 2014 Coordinating Council Meeting Shanghai, PRC
Sep 2014 2nd Summit and Conference (Chair: Sukhumvit Asset Management Co., Ltd.)
Bangkok, Thailand
Dec 2014 3rd Training Seminar KAZ
2015 4th Training Seminar Thailand
2015 3rd Summit and Conference (Chair: China Huarong Asset Management Co., Ltd)
PRC
About IPAFThe International Public Asset Management Company Forum (IPAF) was founded by six public asset management companies (AMCs) in four developing member countries of the Asian Development Bank (ADB). Its vision is to reinforce an economic safety net for the well-being of Asians by promoting cooperation and partnership, and sharing knowledge and expertise in dealing with distressed assets or non-performing loans in the financial sector.
IPAF members, with support from ADB, are committed to providing knowledge and training to enable public AMCs to work collectively in addressing regional economic issues. Through mutual cooperation among members, IPAF shall strengthen crisis response mechanisms for mitigating financial vulnerability and contagion and systemic risks, and promote a more resilient regional economy.
How IPAF startedIn April 2012, ADB, the Ministry of Finance of Viet Nam and the Korea Asset Management Corporation (KAMCO), jointly organized a conference on global financial sector developments in Ha Noi. Following the conference, some public AMCs proposed establishing an annual forum to collectively address regional economic issues.
In May 2013, the IPAF founding members requested ADB support to establish and launch the IPAF and serve as its secretariat for the first 3 years to give the forum time to cement its credibility.
On 27–28 May 2013, IPAF and ADB jointly organized the 1st IPAF Summit Meeting and Conference—Reinforcing the Safety Net of the Asian Economy, 2013: Seeking Cooperative Business Strategies to Transform Asia’s Financial Landscape—in Seoul, with KAMCO as the host.
On 25–26 September, the 2nd IPAF Chair Sukhumvit Asset Management Co., Ltd. (SAM) will host the 2nd IPAF Summit and Conference in Bangkok, Thailand.
In 2015, China Huarong Asset Management Co., Ltd. is expected to host the 3rd IPAF Summit and Conference in the Peoples’ Republic of China.
How IPAF worksIPAF comprises two types of membership: General Members and Associate Members. General Members are public AMCs and institutions in which a majority stake is owned by the government and/or institutions mandated by the government to manage public and private assets and loans. Associate Members may be any other relevant institutions.
The IPAF Coordinating Council consists of General Members’ general managers, or an equivalent level position, and is responsible for coordinating the
IPAF summit meeting and implementing any agreements reached at the meeting. Associate members may also be invited in the Coordinating Council Meetings.
How ADB assists IPAFThe IPAF Secretariat is based at ADB headquarters in Manila. ADB has a 3-year mandate to provide administrative support to IPAF. Specifically, this includes establishing IPAF’s knowledge platform, generating knowledge on crisis resolution and asset management, organizing ways to interface with policy makers in the region, and encouraging underdeveloped economies without AMC mechanisms to be involved in IPAF.
The establishment of the IPAF Secretariat at ADB was made possible primarily through a grant from the Republic of Korea’s e-Asia and Knowledge Partnership Fund, which ADB currently administers.
What IPAF does The IPAF Coordinating Council and the IPAF Secretariat conduct capacity building through the following activities:
• Annual summit meetings and conferences. To provide a mechanism for knowledge sharing, IPAF conducts annual summit meetings and conferences among its members and public and private sector policymakers and experts. Meetings are also conducted among IPAF members to define strategies and develop concrete action plans.
• Produce case studies and other research. To provide knowledge products for AMCs and practitioners, IPAF helps produce major research papers and case studies on the successes and failures of public AMCs in the region.
• Training seminars. IPAF conducts training programs aimed at enhancing distressed asset management capacities among public AMCs and other invited participants.
• IPAF website (https://ipaf.adb.org). IPAF provides members with online access to relevant information, research papers, reference materials, training schedules, and networking data.
ADB = Asian Development Bank, AMC = asset management company, IPAF = International Public Asset Management Company Forum, KAZ = Kazakhstan, KOR = Republic of Korea, PRC = People’s Republic of China.
IPAF Secretariat, OREI(Office of Regional Economic
Integration), ADB
IPAF(International Public AMC Forum)
General Members and Coordinating Council
• China Cinda Asset Management Co., Ltd. (PRC)
• China Great Wall Asset Management Corporation (PRC)
• China Huarong Asset Management Co., Ltd. (PRC)
• Korea Asset Management Corporation (KOR)
• Sukhumvit Asset Management Co., Ltd. (Thailand)
• Viet Nam’s Debt and Asset Trading Corporation (Viet Nam)
Associate Member
Fund of Problem Loans (KAZ)
About IPAFThe International Public Asset Management Company Forum (IPAF) was founded by six public asset management companies (AMCs) in four developing member countries of the Asian Development Bank (ADB). Its vision is to reinforce an economic safety net for the well-being of Asians by promoting cooperation and partnership, and sharing knowledge and expertise in dealing with distressed assets or non-performing loans in the financial sector.
IPAF members, with support from ADB, are committed to providing knowledge and training to enable public AMCs to work collectively in addressing regional economic issues. Through mutual cooperation among members, IPAF shall strengthen crisis response mechanisms for mitigating financial vulnerability and contagion and systemic risks, and promote a more resilient regional economy.
How IPAF startedIn April 2012, ADB, the Ministry of Finance of Viet Nam and the Korea Asset Management Corporation (KAMCO), jointly organized a conference on global financial sector developments in Ha Noi. Following the conference, some public AMCs proposed establishing an annual forum to collectively address regional economic issues.
In May 2013, the IPAF founding members requested ADB support to establish and launch the IPAF and serve as its secretariat for the first 3 years to give the forum time to cement its credibility.
On 27–28 May 2013, IPAF and ADB jointly organized the 1st IPAF Summit Meeting and Conference—Reinforcing the Safety Net of the Asian Economy, 2013: Seeking Cooperative Business Strategies to Transform Asia’s Financial Landscape—in Seoul, with KAMCO as the host.
On 25–26 September, the 2nd IPAF Chair Sukhumvit Asset Management Co., Ltd. (SAM) will host the 2nd IPAF Summit and Conference in Bangkok, Thailand.
In 2015, China Huarong Asset Management Co., Ltd. is expected to host the 3rd IPAF Summit and Conference in the Peoples’ Republic of China.
How IPAF worksIPAF comprises two types of membership: General Members and Associate Members. General Members are public AMCs and institutions in which a majority stake is owned by the government and/or institutions mandated by the government to manage public and private assets and loans. Associate Members may be any other relevant institutions.
The IPAF Coordinating Council consists of General Members’ general managers, or an equivalent level position, and is responsible for coordinating the
IPAF summit meeting and implementing any agreements reached at the meeting. Associate members may also be invited in the Coordinating Council Meetings.
How ADB assists IPAFThe IPAF Secretariat is based at ADB headquarters in Manila. ADB has a 3-year mandate to provide administrative support to IPAF. Specifically, this includes establishing IPAF’s knowledge platform, generating knowledge on crisis resolution and asset management, organizing ways to interface with policy makers in the region, and encouraging underdeveloped economies without AMC mechanisms to be involved in IPAF.
The establishment of the IPAF Secretariat at ADB was made possible primarily through a grant from the Republic of Korea’s e-Asia and Knowledge Partnership Fund, which ADB currently administers.
What IPAF does The IPAF Coordinating Council and the IPAF Secretariat conduct capacity building through the following activities:
• Annual summit meetings and conferences. To provide a mechanism for knowledge sharing, IPAF conducts annual summit meetings and conferences among its members and public and private sector policymakers and experts. Meetings are also conducted among IPAF members to define strategies and develop concrete action plans.
• Produce case studies and other research. To provide knowledge products for AMCs and practitioners, IPAF helps produce major research papers and case studies on the successes and failures of public AMCs in the region.
• Training seminars. IPAF conducts training programs aimed at enhancing distressed asset management capacities among public AMCs and other invited participants.
• IPAF website (https://ipaf.adb.org). IPAF provides members with online access to relevant information, research papers, reference materials, training schedules, and networking data.
ADB = Asian Development Bank, AMC = asset management company, IPAF = International Public Asset Management Company Forum, KAZ = Kazakhstan, KOR = Republic of Korea, PRC = People’s Republic of China.
IPAF Secretariat, OREI(Office of Regional Economic
Integration), ADB
IPAF (International Public AMC Forum)
General Members and Coordinating Council
• China Cinda Asset Management Co., Ltd. (PRC)
• China Great Wall Asset Management Corporation (PRC)
• China Huarong Asset Management Co., Ltd. (PRC)
• Korea Asset Management Corporation (KOR)
• Sukhumvit Asset Management Co., Ltd. (Thailand)
• Viet Nam’s Debt and Asset Trading Corporation (Viet Nam)
Associate Member
Fund of Problem Loans (KAZ)
About IPAFThe International Public Asset Management Company Forum (IPAF) was founded by six public asset management companies (AMCs) in four developing member countries of the Asian Development Bank (ADB). Its vision is to reinforce an economic safety net for the well-being of Asians by promoting cooperation and partnership, and sharing knowledge and expertise in dealing with distressed assets or non-performing loans in the financial sector.
IPAF members, with support from ADB, are committed to providing knowledge and training to enable public AMCs to work collectively in addressing regional economic issues. Through mutual cooperation among members, IPAF shall strengthen crisis response mechanisms for mitigating financial vulnerability and contagion and systemic risks, and promote a more resilient regional economy.
How IPAF startedIn April 2012, ADB, the Ministry of Finance of Viet Nam and the Korea Asset Management Corporation (KAMCO), jointly organized a conference on global financial sector developments in Ha Noi. Following the conference, some public AMCs proposed establishing an annual forum to collectively address regional economic issues.
In May 2013, the IPAF founding members requested ADB support to establish and launch the IPAF and serve as its secretariat for the first 3 years to give the forum time to cement its credibility.
On 27–28 May 2013, IPAF and ADB jointly organized the 1st IPAF Summit Meeting and Conference—Reinforcing the Safety Net of the Asian Economy, 2013: Seeking Cooperative Business Strategies to Transform Asia’s Financial Landscape—in Seoul, with KAMCO as the host.
On 25–26 September, the 2nd IPAF Chair Sukhumvit Asset Management Co., Ltd. (SAM) will host the 2nd IPAF Summit and Conference in Bangkok, Thailand.
In 2015, China Huarong Asset Management Co., Ltd. is expected to host the 3rd IPAF Summit and Conference in the Peoples’ Republic of China.
How IPAF worksIPAF comprises two types of membership: General Members and Associate Members. General Members are public AMCs and institutions in which a majority stake is owned by the government and/or institutions mandated by the government to manage public and private assets and loans. Associate Members may be any other relevant institutions.
The IPAF Coordinating Council consists of General Members’ general managers, or an equivalent level position, and is responsible for coordinating the
IPAF summit meeting and implementing any agreements reached at the meeting. Associate members may also be invited in the Coordinating Council Meetings.
How ADB assists IPAFThe IPAF Secretariat is based at ADB headquarters in Manila. ADB has a 3-year mandate to provide administrative support to IPAF. Specifically, this includes establishing IPAF’s knowledge platform, generating knowledge on crisis resolution and asset management, organizing ways to interface with policy makers in the region, and encouraging underdeveloped economies without AMC mechanisms to be involved in IPAF.
The establishment of the IPAF Secretariat at ADB was made possible primarily through a grant from the Republic of Korea’s e-Asia and Knowledge Partnership Fund, which ADB currently administers.
What IPAF does The IPAF Coordinating Council and the IPAF Secretariat conduct capacity building through the following activities:
• Annual summit meetings and conferences. To provide a mechanism for knowledge sharing, IPAF conducts annual summit meetings and conferences among its members and public and private sector policymakers and experts. Meetings are also conducted among IPAF members to define strategies and develop concrete action plans.
• Produce case studies and other research. To provide knowledge products for AMCs and practitioners, IPAF helps produce major research papers and case studies on the successes and failures of public AMCs in the region.
• Training seminars. IPAF conducts training programs aimed at enhancing distressed asset management capacities among public AMCs and other invited participants.
• IPAF website (https://ipaf.adb.org). IPAF provides members with online access to relevant information, research papers, reference materials, training schedules, and networking data.
ADB = Asian Development Bank, AMC = asset management company, IPAF = International Public Asset Management Company Forum, KAZ = Kazakhstan, KOR = Republic of Korea, PRC = People’s Republic of China.
IPAF Secretariat, OREI(Office of Regional Economic
Integration), ADB
IPAF (International Public AMC Forum)
General Members and Coordinating Council
• China Cinda Asset Management Co., Ltd. (PRC)
• China Great Wall Asset Management Corporation (PRC)
• China Huarong Asset Management Co., Ltd. (PRC)
• Korea Asset Management Corporation (KOR)
• Sukhumvit Asset Management Co., Ltd. (Thailand)
• Viet Nam’s Debt and Asset Trading Corporation (Viet Nam)
Associate Member
Fund of Problem Loans (KAZ)
© Asian Development BankPublication Stock No. ARM146836-2 September 2014 Printed on recycled paper
About the Asian Development Bank
ADB’s vision is an Asia and Pacifi c region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to approximately two-thirds of the world’s poor: 1.6 billion people who live on less than $2 a day, with 733 million struggling on less than $1.25 a day. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration.
Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance. IPAF
The New Horizon of Asian Economic
Cooperation
IPAF is supported by the Asian Development Bank
through a regional technical assistance project
Founding MembersChina Cinda Asset Management Co., Ltd. (People’s Republic of China [PRC]) • China Great Wall Asset Management Corporation (PRC) • China Huarong Asset Management Co., Ltd. (PRC) • Korea Asset Management Corporation (Republic of Korea) • Sukhumvit Asset Management Co., Ltd. (Thailand) • Viet Nam’s Debt and Asset Trading Corporation (Viet Nam)
Associate MemberFund of Problem Loans (Kazakhstan)
IPAF SecretariatJunkyu Lee ([email protected])Hyung Soo Kim ([email protected])Sittie Olalia ([email protected])Offi ce of Regional Economic IntegrationAsian Development Bank6 ADB Avenue, Mandaluyong City1550 Metro Manila, PhilippinesTel +63 2 632 4444https://ipaf.adb.org/
IPAF Activities
Date Event Location
Jan 2013 Preliminary Coordinating Council Meeting
Seoul, KOR
May 2013 1st Summit and Conference (Chair: Korea Asset Management Corporation)
Seoul, KOR
May 2013 Coordinating Council Meeting Seoul, KOR
Sep 2013 Coordinating Council Meeting Bangkok, Thailand
Nov 2013 1st Training Seminar Seoul, KOR
May 2014 2nd Training Seminar Shanghai, PRC
May 2014 Coordinating Council Meeting Shanghai, PRC
Sep 2014 2nd Summit and Conference (Chair: Sukhumvit Asset Management Co., Ltd.)
Bangkok, Thailand
Dec 2014 3rd Training Seminar KAZ
2015 4th Training Seminar Thailand
2015 3rd Summit and Conference (Chair: China Huarong Asset Management Co., Ltd)
PRC
© Asian Development BankPublication Stock No. ARM146836-2 September 2014
About the Asian Development Bank
ADB’s vision is an Asia and Pacifi c region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to approximately two-thirds of the world’s poor: 1.6 billion people who live on less than $2 a day, with 733 million struggling on less than $1.25 a day. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration.
Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance. IPAF
The New Horizon of Asian Economic
Cooperation
IPAF is supported by the Asian Development Bank
through a regional technical assistance project
Founding MembersChina Cinda Asset Management Co., Ltd. (People’s Republic of China [PRC]) • China Great Wall Asset Management Corporation (PRC) • China Huarong Asset Management Co., Ltd. (PRC) • Korea Asset Management Corporation (Republic of Korea) • Sukhumvit Asset Management Co., Ltd. (Thailand) • Viet Nam’s Debt and Asset Trading Corporation (Viet Nam)
Associate MemberFund of Problem Loans (Kazakhstan)
IPAF SecretariatJunkyu Lee ([email protected])Hyung Soo Kim ([email protected])Sittie Olalia ([email protected])Offi ce of Regional Economic IntegrationAsian Development Bank6 ADB Avenue, Mandaluyong City1550 Metro Manila, PhilippinesTel +63 2 632 4444https://ipaf.adb.org/
IPAF Activities
Date Event Location
Jan 2013 Preliminary Coordinating Council Meeting
Seoul, KOR
May 2013 1st Summit and Conference (Chair: Korea Asset Management Corporation)
Seoul, KOR
May 2013 Coordinating Council Meeting Seoul, KOR
Sep 2013 Coordinating Council Meeting Bangkok, Thailand
Nov 2013 1st Training Seminar Seoul, KOR
May 2014 2nd Training Seminar Shanghai, PRC
May 2014 Coordinating Council Meeting Shanghai, PRC
Sep 2014 2nd Summit and Conference (Chair: Sukhumvit Asset Management Co., Ltd.)
Bangkok, Thailand
Dec 2014 3rd Training Seminar KAZ
2015 4th Training Seminar Thailand
2015 3rd Summit and Conference (Chair: China Huarong Asset Management Co., Ltd)
PRC
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