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China has surpassed Japan to become the second largest economy in the world, and is able to strongly impact the global economy, politics and society.  But can China sustain and maintain relatively high economy growth in the future?  Can China surpass the United States to become the largest economy in the world?  Will the "China Growth Model" change?  These questions are now of great concern to the world.  Being a member of the management team of China's leading investment bank for ten years, Tatsuhito Tokuchi will speak on these themes from his China insider point of view.  He will also touch upon the future prospect of the China-Japan relationship and Chinese foreign diplomatic policy, which are the questions that people in neighboring countries are very much concerend about. 

Tatsuhito (Ted) Tokuchi is a Managing Director of CITIC Securities, the largest investment banking in China, and Chairman of CITIC Securities International, a subsidiary of CITICS in Hong Kong.  He is known as an only executive of a native of Japan for large indigenous Chinese companies.  Tokuchi was born in Tokyo in 1952.  In 1964, he went to Beijing with his parents, and there he spent thirteen years of his youth.  Tokuchi joined Daiwa Securities Comapny in 1980 in Japan, and during his twenty-year career at Daiwa, he engaged in investment banking and management of teams in Tokyo, New York, Hong Kong, Singapore and Beijing.  In 2002, he joined CITIC Securities Company as a head of the investment banking division.  Tokuchi received a B.A. in Chinese Literature from Beijing University in 1976, and an M.A. in East Asian Studies from Stanford University in 1985.

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In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

Yasuaki Hanai, "Are Japanese Electric Companies Becoming Obsolete? –  Rethinking Strong Points for Japanese Electric Companies

In recent years, it has become very common to take pictures using a smart phone or tablet, such as an iPad, and to share this information via social media outlets such as Facebook, Twitter and Instagram.  Japanese electric companies and products have been noticeably absent from this area, except for the single-lens reflex camera.  How has this happened?  Why have Japanese electric companies suffered a decline?  In his research, Hanai tries to answer these questions by analyzing the financial reports of various Japanese companies after the bubble economy collapse.  Hanai also considers strong points for Japanese electric companies and what the next actions should be to reverse the decline.

Saiko Nakagawa,  "Systemic Risks in the Japanese Banking Sector"

“Systemic risk” has become a buzzword after the global financial crisis in 2007-08.  Due to its elusive nature, there have been active discussions among scholars, international organizations and national regulators on how to measure and address the risk in order to prevent the next crisis.  In her presentation, Nakagawa will introduce these recent discussions and argue the implications to Japan’s financial sector.

Masashi Suzuki, "Dismal Software Industry in Japan – Will It Be Disrupted or Will It Discover Its Own Way like U.S. Players?"

In his research, Suzuki provides an historical analysis of the software market in Japan and the United States as well as a comprehensive analysis of the status quo of these two countries. Are there ways to improve the unfavorable situation in Japan?  Suzuki attempts to provide an answer to this question in his research presentation. 

Bin Wang, "Innovation and New Venture Strategies in China"

In recent years, entrepreneurship has played an increasing role in promoting economic growth in China.  The Chinese government began to pay more attention to encourage entrepreneurship in order to reform the economic structure.  Wang’s research examines the characteristics of the emerging industry and reveals a positive relationship between innovation capabilities and growth of new venture.  He developed a framework to classify new venture strategies based on market characteristics and innovation capabilities, identified ten strategic types, and reviewed their impact on performance in new ventures in China.  Wang’s research attempts to provide important guidelines for venture capital to identify potential investment opportunities.  These guidelines will also help entrepreneurs to identify an appropriate strategy to pursue business opportunities in given situations.