Risk Management speakers

Why organisations work with Yu Yongding He sat inside China’s central bank monetary policy deliberations (2004–2006) and inside the post-crisis UN commission that attempted to redesign the global financial architecture – a combination no Western-based economist on China can replicate His publicly argued position that China’s US Treasury holdings generate negative real returns and constitute a geopolitical liability gives boards and investment committees a named, verified analytical framework – not commentary, but a specific thesis with a public record His analysis consistently diverges from both official Chinese positions and from prevailing Western narratives, which is precisely what makes it useful for stress-testing institutional assumptions about China’s trajectory He has published alongside Barry Eichengreen, Raghuram Rajan, and Jean Pisani-Ferry at Bruegel, and contributes regularly to Project Syndicate, meaning his arguments are already in circulation in the rooms where senior policy and investment decisions are made As editor-in-chief of China and World Economy and former Director-General of IWEP, he has shaped the research agenda that feeds into Chinese policymaking: he knows not just the conclusions but the institutional reasoning behind them Biography highlights Academician, Chinese Academy of Social Sciences; D.Phil. in economics, University of Oxford (1994) Director-General, Institute of World Economics and Politics (IWEP), CASS – China’s leading international economics research institution – for over a decade, 1998–2009 Member, Monetary Policy Committee, People’s Bank of China, 2004–2006 President, China Society of World Economy, 2003–2011 Member, UN Commission of Experts on Reforms of the International Monetary and Financial System (Stiglitz Commission), convened in response to the 2008 global financial crisis Member, UN High-Level Panel on Financial Accountability, Transparency, and Integrity (FACTI Panel) Regular contributor to Project Syndicate, South China Morning Post, Wire China, and Bruegel; published alongside Eichengreen, Rajan, and Pisani-Ferry Editor-in-chief, China and World Economy (Wiley); also editor-in-chief of World Economy and International Review of Economics Biography The global reserve currency system has a structural problem that most institutional risk frameworks are not built to assess. The US dollar’s dominant position rests on arrangements; surplus-country accumulation of US Treasuries, capital account conventions, and geopolitical assumptions that are under visible strain. The economists who advise China’s central bank and finance ministries have been debating this openly for two decades. Their conclusions rarely reach Western boardrooms with the precision or independence that makes them actionable. Yu Yongding’s career has placed him at the centre of that debate, on both sides of it. As Director-General of the Institute of World Economics and Politics at CASS from 1998 to 2009, he led the institution that shapes China’s engagement with international economic policy. As a member of the People’s Bank of China Monetary Policy Committee from 2004 to 2006, he participated directly in the monetary decisions of one of the world’s most consequential central banks. Few economists working on China have held both roles. His analytical contribution is specific and verifiable. He has argued publicly that China’s accumulation of US Treasuries constitutes a structural misallocation, producing negative real returns while creating the kind of geopolitical vulnerability that became concrete when US sanctions froze Russian central bank assets. He has written on the Mundell-Fleming trilemma as it applies to China’s exchange rate constraints, on the conditions for sustainable Chinese growth, and on the reform of the international monetary architecture. These arguments are his own; they sometimes diverge from official Chinese positions, which is what gives them credibility for external audiences. He contributed to the Stiglitz Commission’s post-2008 work on reforming the international monetary and financial system, and served on the UN FACTI Panel on financial accountability for sustainable development. His published work appears in Project Syndicate, the South China Morning Post, East Asia Forum, and Bruegel, where he has co-authored with Barry Eichengreen, Raghuram Rajan, and Jean Pisani-Ferry. He holds a D.Phil. in economics from Oxford and is editor-in-chief of the Wiley journal China and World Economy. Key speaking topics China’s macroeconomic framework and growth trajectory Global reserve currency system and dollar dependency RMB internationalisation and capital account reform Exchange rate policy and the Mundell-Fleming trilemma Reform of the international monetary and financial system China’s foreign exchange reserves: composition, risk, and strategy Financial stability and systemic risk in the global economy Post-crisis international economic governance Ideal for Senior investment committees and sovereign wealth fund leadership assessing China exposure or dollar-denominated reserve strategy Central bank governors, finance ministry officials, and financial regulators engaged in monetary policy or international monetary reform Global risk forums and geopolitical strategy sessions where China’s macroeconomic trajectory is a first-order variable International financial institutions and policy bodies working on the architecture of the global financial system Audience outcomes A specific, independently argued framework for assessing the structural vulnerabilities in China’s monetary position, not a summary of official positions Clearer analytical language around the dollar’s reserve status and the conditions under which it is likely to erode A more precise understanding of the policy tensions inside China’s macroeconomic framework: exchange rate, demand management, fiscal space, and reserve composition Context for interpreting China’s monetary and fiscal policy signals that goes beyond what circulates in Western financial media Familiarity with the arguments shaping China’s policy debates, including the positions that diverge from official government framing

Why organisations work with Zanny Minton Beddoes She edits the publication that shapes how the world’s finance ministers, central bankers, and institutional investors read the global economy: her vantage point is not advisory, it is editorial, which means she sees patterns across geographies, sectors, and governments simultaneously rather than from within any single industry or country. Her pre-journalism career – macroeconomic adjustment programmes at the IMF and economic reform work in post-communist Poland as part of the Jeffrey Sachs team – gives her an understanding of what policy looks like under institutional stress, not just in theory. She has written and overseen major special reports on the world economy, European stagnation, Latin American finance, Central Asian development, and U.S. fiscal sustainability. Her depth on structural economic themes goes well beyond the commentary that most media-figure speakers provide. Two Gerald Loeb Awards (2012 and 2017, the latter for breaking the Saudi Aramco story) signal editorial credibility of a different order from standard speaker-bureau economics commentary. For financial services, institutional investors, and multinational boards, she offers a rare combination: the institutional authority of The Economist brand with the direct analytical access of someone who has run the publication for a decade. Biography highlights Editor-in-Chief of The Economist since February 2015 – the first woman to lead the publication in its 180-year history; also serves on the board of directors of The Economist Group Held successive senior roles at The Economist over 30 years: emerging markets correspondent, US Economics Editor, Economics Editor (Washington DC), Business Affairs Editor Economist at the IMF (1992-1994), working on macroeconomic adjustment programmes in Africa Economic reform adviser to Poland’s Minister of Finance under Professor Jeffrey Sachs of Harvard University Oxford PPE (St Hilda’s College); master’s degree, Harvard Kennedy School (Kennedy Scholar) Gerald Loeb Award winner in 2012 (economic journalism) and 2017 (Breaking News, Saudi Aramco scoop) Trustee, Carnegie Endowment for International Peace; member, Research Advisory Board, Committee for Economic Development Named among Forbes’ «Most Powerful Women in the World»; featured in Debrett’s 500 as «one of the most influential voices in financial journalism» Biography The challenge that keeps most boards and strategy teams off-balance is not a lack of information about the global economy. It is the absence of a coherent framework for integrating macroeconomic dynamics, geopolitical risk, and policy shifts into decisions that were never designed to carry that weight. Very few people are positioned to provide that framework with both practitioner rigour and editorial breadth. Zanny Minton Beddoes is one of them. As Editor-in-Chief of The Economist – the first woman to hold that position in the publication’s 180-year history – she oversees the analytical infrastructure that shapes how central bankers, finance ministers, and institutional investors read the global economy. Her perspective is not that of an adviser operating within a single sector or region; it is the perspective of someone who has spent three decades at the editorial centre of the world’s most closely watched economics publication, watching structural forces play out across geographies and cycles. Before journalism, she was inside the machinery of policy under pressure. At the IMF she worked on macroeconomic adjustment programmes in Africa. In Poland, as part of the Jeffrey Sachs team, she was present during one of the most consequential economic transitions of the post-Cold War period. That experience of watching institutions, incentives, and political constraints interact in real time, is audible in the way she talks about markets and policy today: not as abstractions, but as systems with observable failure modes. Her special reports for The Economist – covering the world economy, European stagnation, Latin American finance, Central Asian development, and U.S. fiscal sustainability – reflect a career-long engagement with structural economic questions, not topical commentary. Combined with two Gerald Loeb Awards and a decade leading the publication, that record gives her a credibility in a board or leadership setting that no amount of media presence alone can substitute for. Key speaking topics Global macroeconomic outlook and structural economic change Geopolitics and the fracturing of the multilateral economic order U.S. fiscal sustainability and dollar dynamics European economic stagnation and structural reform Emerging market resilience and vulnerability The intersection of energy transition and economic growth Trade, protectionism, and the rewiring of global supply chains Democracy, governance, and economic performance Ideal for Corporate boards and C-suite leadership teams navigating macro-level strategic uncertainty Financial services, asset management, and institutional investment audiences Government, policy, and international institutions requiring independent editorial-grade analysis Global leadership summits and senior forums where geopolitical and economic context is the primary agenda Audience outcomes A structured framework for reading the interaction between political, macroeconomic, and institutional forces – rather than treating each as a separate news event Calibrated perspective on where structural economic risk is concentrated, versus where conventional wisdom is overstating or understating it Clearer language for discussing macro uncertainty internally – specifically, the difference between cyclical disruption and structural shift An updated analytical map of the major economies and how their trajectories affect sector-level and investment decisions Context for evaluating specific strategic choices – expansion, capital allocation, supply chain configuration – against a coherent view of the global environment