FY Chang Annual Lecture 2014

2014: Tsinghua University School of Law: Mr. Gao Xiqing (高西庆)

BIO

Gao Xiqing is the former Vice Chairman, President and Chief Investment Officer of the China Investment Corporation (CIC), one of China's sovereign wealth funds. Under Gao's leadership, China's sovereign fund burgeoned to over 575 billion USD today. Gao played an important role in bringing about change to the wealth fund industry and increased investment platform of the organization. Gao Graduated from the University of International Business in Beijing with a Bachelor of Arts (1978) and a Master in Law (1981), and he obtained a law degree in 1986 from Duke University's Law School. After he graduated from Duke, Gao became the first Chinese citizen to pass the New York State Bar Exam. He then worked as an associate at the Wall Street law firm Mudge Rose Guthrie Alexander & Ferdon before returning to China in 1988. 
 
From 1992-1995, he served as the General Counsel and the Director of Public Offerings of China Securities Regulatory Commission (CSRC). Then, from 1997-1999, he served as Deputy Chief Executive at the HK-Macao Regional Office of the Bank of China. 
 
Gao called himself a “financial doer” with idealistic sentiment. As co-founder of China’s Stock Exchange Executive Council, Gao was instrumental in the establishment of the Shanghai and Shenzhen Stock Exchanges in 1990. His term as the Vice Chairman of the China Security Regulatory Commission (CSRC) and the Vice Chairman for the National Council for Social Security Fund (SSF) witnessed two great moves of the China’s securities market: the draft of “Provisional Regulations on the Administration of Stock Issuance and Trading” of the State Council of China, and the successful issuance of H Shares. 
 
Formally retired from his position as President of CIC this January, Gao maintains his identity as a scholar and a professor. He will be teaching at Tsinghua University and Duke University after his retirement.
 

TOPIC

Rule of Law: Fundamental Protection for a Market Economy

"法治是让市场发挥作用的根本保证"

 

NOTES 

This lecture discusses the topic of "Rule of Law: Fundamental Protection for a Market Economy" through the lens of China's current political and legal reforms. The speaker outlined both the encouraging and discouraging signs of the dichotomous development of these reforms. Further, he described the main challenges China faces today and concluded with his cautiously optimistic views on the prospects of the ongoing reform efforts.