At the SMU Sim Kee Boon Institute for Financial Economics Conference held last week, Princeton University Professor of Economics and Finance Harrison Hong highlighted that collateralised debt obligations or CDOs may be the solution to China's lack of credit to the small and medium-sized companies. The other three presenters at the conference were DBS Private Bank Chief Investment Officer Lim Say Boon, Lombard Odier Head Vincent Duhamel and Standard Chartered Bank Global Head of Investment Advisory and Strategy Alexis Calla. The consensus among the three was that there is higher volatility in the market, higher correlation among the various asset classes, and market cycles have grown shorter. They also agreed that the rise of Asia would continue.
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