Livia Yap is the China Editor in the Emerging Markets & China section at Moody’s Investors Service. Based in Singapore, she is also a Research Writer with the Corporate Finance Group.

Before joining Moody’s in 2021, Livia was a reporter at Bloomberg News covering financial markets across the Asia-Pacific region including Greater China, Singapore, Japan and Australia.

Livia holds a bachelor’s degree in Journalism and Global Studies from the University of Hong Kong.

Martin Petch is a Vice President – Senior Credit Officer with Moody’s Sovereign Risk Group. Based in Singapore, he covers a portfolio of sovereign credits in the Asia Pacific region – including China, Australia, Hong Kong - as well as credits in Central Asia and the Caucasus. 

Martin joined Moody’s in 2017, after working as the Manager of Economic Analysis and Research with BHP Billiton covering its key commodity markets, China, Japan and India, economies in the South East Asian region, and the major advanced economies. Martin also held various positions with the Australian Commonwealth Treasury, the Commonwealth Bank and the Australian Industry Group. Martin was a graduate in Economics from the University of Western Australia

Yuting Liu is a Vice President and Senior Analyst in Moody’s Corporate Finance Group. Based in Beijing, Yuting supports ratings and research for a portfolio of Chinese central and local state-owned enterprises across various industries. 

Yuting has more than 10 years of experience in financial analysis and credit research at credit rating agencies and other financial institutions. She first joined Moody’s in 2012 and worked for CFG teams in Australia and Beijing for three and half years. 

Prior to rejoining Moody’s, Yuting was in Fitch Ratings for 2 years in the corporate research team specializing in infrastructure and construction industries. Yuting received her Master of Applied Finance degree from Macquarie University and her bachelor’s degree from the University of New South Wales. 

She is also a member of the Institute of Chartered Accountants in Australia.

Cindy Yang is a Vice President – Senior Analyst with Moody’s Corporate Finance Group, based in Beijing. She is responsible for Chinese local government financing vehicles ratings.

Before joining Moody’s, Cindy worked for PricewaterhouseCoopers in Hong Kong as a senior auditor. Cindy holds a Master of Corporate and Financial Law from the University of Hong Kong and a Bachelor of Business Administration from the Chinese University of Hong Kong. She is also a HKICPA and ACCA.

Based in Beijing, Nicholas supports cross-border rating activities of Chinese banks. Previously, he was Moody’s key point of contact on the Chinese regional and local government sector.

Prior to joining Moody’s, Nicholas advised the Asian Development Bank on various China banking initiatives. He has extensive credit experience, having worked at HSBC, Standard Chartered and ANZ on a range of sectors and issues related to risk assessment for Basel II and other regulatory frameworks. Earlier in his career he was a senior economist with the World Bank.

Nicholas holds a Ph. D. in International Finance and M.A. in Economics from Georgetown University, and a B.S. in Mathematical Statistics from Sichuan University. He is also a CFA charter-holder.

Ada is the Head of North Asia Project & Infrastructure Finance (PIF) team, based in Hong Kong, managing the PIF team covering Mainland China and Hong Kong. She oversees the ratings of publicly and privately owned utilities, ports, rail transit, toll roads, Chinese local governments and local government financing vehicles (LGFV).

Ada has been with Moody's since 2014 and has extensive experience in infrastructure credit. She has served as the lead analyst for large scale central and local state-owned enterprises and is one of the original authors of Moody's Chinese LGFV methodology.

Before joining Moody's, Ada worked as a Vice President at Deutsche Bank, where she oversaw Greater China corporates and financial institutions. Ada has also worked at Barclays Capital, where she covered Chinese financial institutions and commodity companies.

Ada holds a BBA in Accounting & Finance from The University of Hong Kong. She is also a CFA Charterholder and a certified FRM holder.

Qian Zhu is a Senior Credit Officer in Moody’s Financial Institutions Group in Shanghai, where she covers a portfolio of Asian insurance companies.

Qian transferred to Shanghai in February 2016 after spending over 10 years in Moody’s Structured Finance Group in both New York and London, covering various securitization products, including catastrophe bonds. In addition, Qian was seconded to CCXI, Moody’s joint venture company in China, as Chief Technical Advisor in CCXI’s Structured Finance Department from February to June 2014.

Prior to joining Moody’s, Qian worked as a senior actuarial analyst with Towers Watson in New York, specializing in pension and retirement medical plan valuation.

Qian received her Bachelor of Economics and Master of Operations Management from Shanghai Jiao Tong University, and a Master of Environmental Management from Yale University. She holds both a CFA charter and an ASA designation.

Sean Hung is a Vice President – Senior Credit Officer with the Financial Institutions Group at Moody’s Investors Service Hong Kong Limited. Sean is covering a portfolio of banks and non-bank financial institutions in China.

Before joining Moody’s, Sean worked in Hong Kong as an equity research analyst for Barclays Capital Asia Limited, specializing in Chinese banks and payment companies. He had also worked in credit analysis and risk management in Visa Hong Kong, specializing in settlement risk of the financial institutions in North Asia.

Sean has a BA in Financial Services from Hong Kong Polytechnic University and an MSc in Financial Engineering from City University of Hong Kong. He is also a CFA and FRM.

Clement Wong is a Managing Director and team leader with Moody’s Ratings Corporate Finance Group. Based in Hong Kong, he oversees a team of rating analysts covering Chinese industrial corporate entities in sectors including internet, technology, auto, chemicals, food and beverage and more. He and his team are also actively involved in Moody’s Greater China investor outreach activities and have been authoring sector- , issuer- and credit trend-specific research reports.

Clement is an auditor by training with PricewaterhouseCoopers and Deloitte. He has over 20 years of credit experience in the banking industry.

Prior to joining Moody’s in 2014, he was Country Credit Officer for Wholesale Banking in Hong Kong and Japan at Standard Chartered. Clement has also worked for several international banks, including Citibank, where he helped set up the commercial banking risk management team in China while stationed in Shanghai for almost five years. During his time at Citibank Shanghai, he also collaborated with other teams to build the bank’s framework for lending and approving credits; and before relocation to Shanghai, as Senior Credit Officer, worked on assessing large corporates’ credit exposure; and had been in charge of problem loan recovery for small-medium-sized companies.

Clement holds a Master’s degree in International and Public Affairs and a Bachelor of Social Science degree from The University of Hong Kong. He is also a CFA charterholder and a CPA.

Kai Hu is a Senior Vice President in Moody’s Corporate Finance Group, based in Shanghai. He covers a portfolio of large Chinese state-owned enterprises.

Before joining Moody’s, Kai worked in credit risk management, trade finance and project finance at various financial institutions, including Citigroup and China Merchants Bank in New York and Bank of Communications, Shanghai Pudong Development Bank in Shanghai.

Kai holds an MBA from Ross School of Business, University of Michigan, and a Bachelor of Shanghai Institute of Foreign Trade. He is also a CFA, FRM and a member of Chinese CPA association.