Bloomberg is delighted to invite you to the
China Credit Forum
Hosted by The Brink and Bloomberg Television

Mr. Kei W. Chua joined Bain Capital in 2016. He is a Partner focusing on special situations investment in Greater China and North Asia, and based in Bain Capital’s Hong Kong office. Previously, Mr. Chua was the co-head of Asia for Mount Kellett and a partner with Unitas Capital (fka J.P. Morgan Partners Asia) where he was responsible for investments in Greater China and Southeast Asia. Prior to that, Mr. Chua worked at Cerberus Capital and DLJ in Hong Kong and New York.

Patrick Liu is the Co-founder/CEO of Admiralty Harbour Capital, a credit focused boutique investment bank in Hong Kong. As a restructuring financial advisor, Admiralty Harbour has been involved in various China property sector offshore debt workout situations.

Prior to Admiralty Harbour, Mr. Liu was Managing Director, Co-head of Asia Debt Capital Markets at UBS AG. Prior to that, he worked in DCM teams at Bank of America Merrill Lynch and Credit Suisse, and also in Singapore and Beijing with corporate finance and non-performing loans experience. 

Since 2006, Mr. Liu has managed more than 300 DCM transactions for Chinese issuers. He has led-executed the majority of Chinese property sector debut bond issuances and assisted many private sector issuers in fundraisings in global debt capital markets.

In liability management space, his achievements include the first Chinese issuer cash bond tender (Nine Dragons Paper); the first high yield bond court restructuring for Chinese company (Winsway); the first SOE white knight backed bond restructuring for Chinese issuer (China Singyes); the first property sector distressed bond exchange with consent solicitation (Yango); and the first UK court debt scheme of arrangement for Chinese property company (China Fortune Land) etc.

Mr. Liu used to work at PricewaterhouseCoopers in Singapore and 2 state owned financial institutions in Beijing, having rich experiences in Chinese enterprises financings, M&A, credit loans and bad assets disposition.

Mr. Liu graduated from National University of Singapore with MBA degree and Xi’an Jiaotong University with BA degree.

Jacqueline Wenchen Tang is a partner at Sullivan & Cromwell’s Hong Kong office. She is a leading strategist in representing funds, financial institutions, other investors and debtors across the globe in connection with distressed situations in China and other parts of Asia. She has broad and deep experience in assisting investors and companies in navigating complex, cross-border debt restructuring, enforcement and litigation issues. Jacqueline also advises investors and companies on debt and equity financing.

Jacqueline was recognized as a “Women Leader” and “Highly Regarded” in the Restructuring and Insolvency area by IFLR1000 in 2023, and as a “Leading Individual” in the Restructuring and Insolvency area by Legal 500 in 2023.

Jacqueline is fluent in English, Chinese and Shanghainese.

Hayden is responsible for leading the portfolio management of UBS Asset Management’s APAC-based Multi-Asset portfolios, delivering the Investment Solutions global investment process into the APAC region, and growing the Investment Solutions business. He is also a member of the Investment Solutions Leadership team and Global Fixed Income Investment Forum. Along with his functional role, Hayden is the Head of UBS Asset Management Hong Kong and a member of the board of directors.

Prior to joining UBS Asset Management, Hayden was a Senior Vice President and Director of Asia Pacific Fixed Income at Alliance Bernstein. In this role he was instrumental in building out their Asian fixed income platform and responsible for regional and country portfolios as well as having input in global aggregate strategies.

Hayden previously worked at Schroders Investment Management Fixed Income and Multi-Asset, Colonial First State and Bankers Trust investment bank, where he fulfilled fund management, portfolio management, and
trader roles.

Experience at Fidelity

Vanessa Chan is the Head of Fixed Income, Asia, Investment Directing for
Fidelity International. She provides strategic direction and leadership for
Fidelity’s Fixed Income business in Asia. She is an expert in Asian credit market, China bond market and Asian and China Macros. She also covers Global Fixed Income strategies for our Asian clients and working on solution designs with dedicated solution team.

Vanessa has spent over 20 years in the Fixed Income space with in-depth
knowledge across both sell side, buy side and rating agencies roles. She is a
regular market commentator and appears on various international and regional media where she provides strong thought leadership for investors.
At Fidelity, Vanessa is part of the Fixed Income Leadership team, Investment Directing Leadership team and is a regular participant for FIL committees. She involves in product strategy and strategic direction of the Fixed income franchise.

Professional Background

Vanessa joined Fidelity in 2017 from Fitch Ratings where she was a Director and team lead in the Corporates team. Prior to Fitch, she had over a decade of Debt Capital Markets and Investment Banking experiences in Asia and London. At Fitch, Vanessa was responsible for Chinese and Hong Kong issuers, with a focus on property companies, retailers and conglomerates. Besides her credit analysis background, she has gained extensive experience in investment banking in Asia, covering ratings advisory, debt capital market and financing solutions. She was Head of the ratings team in Credit Suisse, as well as at other tier-one banks such as HSBC and UBS.

Academic Qualification

Vanessa holds a BSc degree in Accounting and Finance from the London School of Economics and Political Science in the United Kingdom. She is fluent in English, Mandarin and Cantonese.

Yifei Ding is Senior Portfolio Manager responsible for managing Invesco’s fixed income portfolios and strategies that cover both Asian and global issuers. His main responsibilities also include developing and managing multisector credit solutions to a large variety of clientele. His own research areas focus on macro and quantitative analysis for Asian and Emerging Markets countries.

Prior to joining Invesco in 2015, Yifei was Fixed Income Portfolio Manager at Bank of China Hong Kong (BOCHK) Asset Management, where his portfolios included Asian. Emerging Markets and Global bonds in both hard and local currencies. Before that, he worked at PricewaterhouseCoopers.

Yifei obtained his PhD in Economics from the University of Oklahoma in the United States. He also holds a Bachelor of Science degree in Computational Mathematics from the Southeast University in China.

Ivan Chung is an Associate Managing Director with Moody’s Ratings’ Corporate Finance Group in Hong Kong, where he leads the team responsible for rating Chinese local government financing vehicles.

Ivan first joined Moody’s in 1997, before leaving and rejoining the company in 2006. He has held senior analytical positions in Moody’s Corporate Finance Group and Project and Infrastructure Finance Group, and was most recently head of the Greater China Credit Research and Analysis team, leading the research on evolving credit trends and bond markets in China. Between 2019 and early 2023, he was also Representative Director for Moody’s Investors Service Hong Kong Limited, a role he assumed on top of his position within the Corporate Finance Group. In this role, he served as head of the Hong Kong office and the senior representative for key regulatory matters.

Ivan holds a BBA from The Chinese University of Hong Kong and an MA from City University of Hong Kong. He is also a CFA charterholder.

Christopher Li is Head of Asia Credit Trading Desk Analysts in BNP Paribas, based in Hong Kong.

Before joining BNP Paribas, Chris has experience in the credit market from both the sell side and the buy side, covering Asian corporate and financial credits.

Chris has been ranked as a top analyst in The Asset Benchmark Research – The Best Individuals in Asian G3 bonds for 2022 and 2023.

Chris holds a Bachelor of Science degree in Quantitative Finance from the University of Hong Kong.

Jeffrey is Partner and Head of Private Credit and Special Situations at Primavera Capital Group.

Prior to joining Primavera, Jeffrey led and managed private investments in partnership with leading sovereign wealth funds, corporates and family offices.  He was an investor and director of Village Roadshow Entertainment Group between 2012 and 2017.  Previously, Jeffrey oversaw special situations, structured credit and equity investments in Greater China for Och-Ziff Capital Management Group.  Prior to Och-Ziff, Jeffrey worked at The Blackstone Group in New York, and in the Mergers, Acquisitions and Restructuring Department at Morgan Stanley in Hong Kong, Los Angeles and New York.

Jeffrey earned his AB in Social Studies from Harvard University, graduating Phi Beta Kappa, magna cum laude and as a John Harvard Scholar. He holds an MBA from Harvard Business School.

Bo Hu is the Head of Private Credit, Asia Pacific at HSBC. She oversees a business including private credit trading and special situations investment in the debt space.

Bo has over a decade of experience in APAC credit market with roles spanning banking, structuring and trading. She started her career in Lehman Brothers IBD and later on joined JP Morgan and Credit Suisse in credit trading roles.

Bo graduated from Swarthmore College with dual BA/BS degree in Physics and Electrical Engineering. She also holds a Master degree from UC Berkeley.

Ms. Jenny Sun has over twenty years’ experience in the financial industry and invested across different instruments in Asia, the US and Europe. Ms. Sun founded Blue Mountain Bridge Capital in 2019. She is the Chief Investment Officer of BMBC Income Value Fund (“the Fund”) which was launched in August 2019. Under her leadership, the Fund achieved 1.78x gross multiple in its first 4.5 years. Before BMBC, Ms. Sun was a founding partner of Azentus Capital from 2011 to 2017. She was part of the leadership that brought 24 personnel from Goldman Sachs and raised US$2 billion at inception for a long/short equity multi-strategy portfolio. Ms. Sun’s career in the financial sector began at Goldman Sachs. From 1999 to 2011, she served as the Head of Pan Asia Trading and Macro Investment for Goldman Sachs Principal Strategy (“GSPS”). GSPS managed over US$4 billion globally. The entire GSPS Asia team eventually spun off and established Azentus Capital.

Ms. Sun received a Bachelor of Commerce (Honor) from the University of British Columbia in Canada. She attended Owner and President Program from Harvard Business School in the US. Ms. Sun is also a CFA charter holder.

John Corrin is the Head of Corporate Finance – International based in Hong and is responsible for the origination, structuring and distribution of all of ANZ’s loan activities outside Australia & New Zealand.  This includes Bilateral Lending, Club Deals, Loan Syndications, Leveraged & Acquisition Finance, Project & Export Finance, Structured Asset Finance (including Aviation & Shipping) and Sustainable Finance (including Loans, Bonds, Markets & Trade Products).  He leads a global team with representation in Hong Kong, Singapore, Beijing, Shanghai, Seoul, Tokyo, Jakarta. London, Frankfurt and New York.  Before taking this role he was Global Head of Loan Syndications for ANZ.

Prior to joining ANZ in July 2010 he was a Senior Managing Director of GE Capital responsible for GE’s syndicated lending, leasing and securitisation in Asia Pacific.

Previously he was Head of Global Loan Syndication Group – Asia Pacific for Crédit Agricole Corporate and Investment Bank.

John is the former Chairman of the Asia Pacific Loan Market Association (the “APLMA”).  He is also a Director of the Loan Market Association (the “LMA”) in London.  He is a Member of the Hong Kong Trade Development Council Financial Services Advisory Committee.  John is a Member of The Worshipful Company of International Bankers.  He was educated at Liverpool College and Durham University.  He is an Associate of the Chartered Institute of Bankers.

Gordon IP is Co-Chief Investment Officer, Fixed Income of Value Partners, where he oversees the firm’s credit and fixed income investments and portfolio management. He has 29 years of experience investing across fixed income sectors. Gordon joined Value Partners in August 2009 as a Fund Manager and was promoted to the roles of Senior Fund Manager and Investment Director in 2015 and 2016, respectively. He was promoted to Chief Investment Officer in July 2017 and later appointed as Co-Chief Investment Officer in January 2023.

Over the years, Gordon has received numerous industry accolades, including the CIO of the Year (Fixed Income) in the regional category and the market awards (Hong Kong) category, respectively, by Insights & Mandates Professional Investment Awards 2020, Fund Manager of the Year – Fixed Income High Yield (Greater China) by The Asset Triple A Awards 2019, Manager of the Year (High Yield Fixed Income) by Benchmark’s Fund of the Year Awards 2018 and 2017. 

Prior to joining Value Partners, Gordon held various senior positions in the financial industry, including a Director at HSBC Private Bank in Hong Kong, and a Vice President in Fixed Income Research at Salomon Smith Barney in New York. Gordon holds a Master’s degree in Financial Mathematics from the University of Chicago and a Master’s degree in Engineering from Cornell University in the United States.

Cecilia Chan is a Credit Analyst for Bloomberg Intelligence covering Asia Internet, technology and gaming sectors. Cecilia joined the team in January 2020 after 4 years covering China energy and utilities at Fitch Ratings. Prior to that, she was an equity research analyst covering Asia transportation in Nomura and Morgan Stanley. Cecilia has a degree in Commerce and Business Administration from University of British Columbia, Canada.