Behind the Rating Upgrade of Offshore Chinese Financial Leasing Entities
Join our analysts to discuss the key factors underpinning the rating upgrade of offshore Chinese financial leasing entities.
Topics include:
- What are the key rationales driving the alignment of offshore leasing entity ratings with those of their onshore parents?
- What are the key distinguishing features of offshore Chinese leasing entities compared with other offshore Chinese entities?
- What are the key forms of support that onshore leasing parents provide to their offshore subsidiaries?
Speakers
Sally Yim
Managing Director, Global Co-Head Banks and Insurance Ratings
Moody's Ratings
Sean Hung
Vice President – Senior Credit Officer, Financial Institutions
Moody's Ratings
Kelly Chen
Vice President - Senior Analyst, Financial Institutions Group
Moody's Ratings
Eva Zheng
AVP-Analyst, Financial Institutions Group
Moody's Ratings
Jessie Hong
Analyst, Financial Institutions
Moody's Ratings
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Sally Yim is a Managing Director in the Financial Institutions Group. Based in Hong Kong SAR, China, Sally is the Head of APAC Financial Institutions, responsible for Moody’s analytical teams covering ratings and research on APAC banks, insurance companies, and non-bank financial institutions such as securities and leasing companies. She is also a co-head of Moody’s Global Banking and Global Insurance & Asset Management rating franchises. In addition, Sally leads the Global Financial Institutions Group’s Environment, Social & Governance (ESG) efforts.
Sally joined Moody’s in February 2005 as an Associate Analyst in New York, covering property & casualty insurers. She transferred to Hong Kong in 2006 and completed a short stint in the Corporate Finance Group, supporting analysts in the
oil & gas, petrochemical and steel sectors. Sally rejoined the Financial Institutions Group as an Analyst in January 2007. Since then, Sally has covered various Asian financial institutions, including insurance companies, banks and securities firms and subsequently, became a manager overseeing various teams covering the ratings and research of Greater China and Korean financial institutions.
Prior to joining Moody’s, Sally worked as a Senior Auditor at Ernst & Young LLP in New York, specializing in private and public insurers. She also worked at Ernst & Young’s National Professional Practice, where she focused on technical accounting research, while assisting in accounting consultations.
Sally holds a Bachelor of Business Administration and Master of Accounting from the University of Michigan. She is a CFA charterholder and also a Certified Public Accountant.
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.
Kelly Chen is a Vice President - Senior Analyst with Moody’s Financial Institutions Group. Kelly covers a portfolio of banks and non-bank financial institutions in China.
Kelly previously was a lead analyst covering a portfolio of Chinese property companies, also at Moody’s.
Prior to joining Moody’s, Kelly was an investment analyst at a Hong Kong-based hedge fund. She has also worked as an equity research analyst in Credit Suisse, Bank of America Merrill Lynch and Samsung Securities. She has considerable experience in investment and equity research and across various sectors in Greater China, including oil & gas, property, cement and financial institutions.
Kelly holds a bachelor’s degree from Middlebury College, US.
Jessie Hong is an Analyst with the Financial Institutions Group at Moody’s Investors Service Hong Kong Limited. Jessie is covering a portfolio of non-bank financial institutions in Greater China.
Jessie joined Moody’s in 2018 as an Associate Analyst. Prior to joining Moody’s, Jessie worked as an equity research associate covering Chinese financial institutions at Nomura, and was a senior audit associate at PricewaterhouseCoopers.
Jessie holds a Bachelor of Business Administration in Accounting from the Chinese University of Hong Kong. She is also a CPA.