Asian Financial Forum explores Asia’s role in global growth
The Asia Financial Forum is jointly organized by the Hong Kong Special Administrative Region government (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the two-day forum opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). The theme of this year’s form is “Asia: Shaping the new paradigm for the growth”, exploring the popular financial issues, including global economic prospection, China opportunity, the prospective of Association of Southeast Asia Nations (ASEAN), financial technology, internationalization of RMB and the Belt and Road etc,.
The CICFP and Treasury Financial Training Group took place in this AFF.
Now, let’s familiarize the forum with wonderful speech of government officials, financial and commercial giants.
Speaking at today’s opening ceremony, the chairman of HKTDC, Vincent H S Lo remarked that, “Looking to 2016, the prospective of global economy still exist uncertain factors and will encounter some challenge. AFF this year is 9th, we will continue to explore the strong and sustained growth momentum to overcome challenges. Overall, although the growth of Asia and China economy will be slow down, I believe in Asia and China will continue to be the engine to boost the global economic development. From broader perspective, the Belt and Road will be another critical driver to economic growth.
Mr. Arkady Dvorkovich, the Deputy Prime Minister of Russia; Liu Zhenmin, Vice-Minister of China Foreign Affairs; Mr. C Y Leung, the Chief Executive of HKSAR have attended the opening ceremony.
The deputy minister of Russia, Mr. Arkady Dvorkovich addressed on the “ Asia: Shaping the new paradigm for the growth”, during which he said that Russia and Hong Kong have many similarities, such as both sides have many Chinese and Western elements. He also said that Russia has committed to contribute to the growth of global economy. In the aspect of the development of Asia-Pacific region, he believed that the huge development potential in Asia in the long run cannot be ignore.
The vice-minister of China foreign affair, Mr. Liu Zhenmin delivered his perspectives of Asia development trend in the ceremony speech. From the Belt and Road development strategy issued by China, it has got lots of support from countries and international organizations. The Belt and Road is an illustration of win-win, and adhere to mutual business, construction and possession. He still mentioned Eastern Asia co-operation and ASEAN market’s development. China and ASEAN are actively implementing the 2+7 co-operated plan.
“The theme speech ----Asia: Shaping the new paradigm for the growth” was the highlight even of this year and held on today morning, the Secretary for Financial Services and the Treasury, Professor K C Chan, chaired the plenary session during which he exchanged insights with Russia’s Deputy Prime Minister, Mr Arkady Dvorkovich; Luxemborug’s Minister fo Finance, Mr Pierre Gramegna; Sweden’s Minister for Financial Markets and Consumer Affairs and Deputy Minister for Finance, Mr Per Bolund; and Thailand’s Vice Minister for Fiance, Mr Kiatchai Sphastienphong on the growth in Asia.
The keynote luncheon of AFF would invited heavyweight speakers to deliver inspiring comment on the topic of concern to the industry every year. The former chairman of the Board of Governors of the United States Federal Reserve System, Dr. Ben S Bernanke will be the keynote speaker of the keynote luncheon tomorrow, he not only comments on normalization of US interest rates making an impact on global economy, but also analyses the national exchange-rate and monetary policies how to tilt international market and affect cash flow.
This year, the AFF launches “Global investment Summit” which invited entrepreneurs, investment advisories and representatives of investment banks to survey the trend of global market and deployment of assets allocation from investors’ viewpoints assist the investment industry in tapping more opportunities. Besides, the AFF newly joined forces with the Hong Kong Venture Capital and Private Equity Association organized the AFF Deal Flow Matchmaking Session which previously paired and arranged meetings for investment project owners and investors assist them to find the potential co-operated partners.