Speakers: Charles Liu, Chairman and Founder, Hao Capital; Senior Fellow, Peking University Center on China and Global Affairs. Yao Loong Ng, Executive Director, Financial Markets Strategy, Monetary Authority of Singapore. Chin Hwee Tan, Founding Partner, Apollo Global Management, Asia. Adam Wheeler, Managing Director, Babson Capital Australia. Moderator: Mike Milken, Chairman, Milken Institute. Asian financial systems used to be dominated by banks. Not anymore. Despite their relatively short history, the region's equity and bond markets are growing rapidly and playing ever larger roles in providing capital for businesses and households. Of course, international financial hubs such as Singapore and Hong Kong are already key players of global capital markets. Even China is trying to catch up; the nation now has an agenda to liberalize its financing mechanisms and allow new players. This panel will discuss the future of Asian capital markets. In particular, the rapidly growing bond markets in Asia have widened access to finance for the private sector, which also calls for efforts to build robust regulatory frameworks, improve disclosure practices and enhance creditor protection. What are some of the barriers to the developing Asian capital markets? How will the markets grow in the context of global deleveraging and financial regulatory changes? How should investors be positioned as these markets get off the ground?