2015 Asian Financial Forum in Hong Kong

2024.4.16.	\| \| \| \|

Asia: Sustainable Development in a World of Change
2015 Asian Financial Forum in Hong Kong

   On January 19th, "2015 Asian Financial Forum" was opened at International Finance Centre in Hong Kong. More than 100 international prominent financial professionals gathered in Hong Kong to analyze the 2015 global economic situations and explore investment opportunities in Asia. The Chief Executive of Hong Kong Mr. Leung Chun-ying attended the forum and delivered a keynote speech at the forum. Mr Leung said that the "One Country, Two Systems" policy has been helping Hong Kong continuously developing over the years. Hong Kong will provide more diversified financial products, including bonds, stocks, insurance and such to meet the needs of RMB investment demands.
   The theme of this year's Asian Financial Forum is "Asia: Sustainable Development in a World of Change." The organizers invited the Chairman of Chinese Securities Regulatory Commission Mr. Xiao Gang, the Nobel Prize Winner Mr. Paul Krugman and many globally important guest as the topics speakers.
   The Chairman of the HKTDC Mr. Jack So expressed in his welcoming remarks that 2014 IPO funds raised in Hong Kong was totaled to USD $27.1 billion, ranking the second place in the world. This will not only strengthen Hong Kong's position as a global financial hub, but also showcase Hong Kong's sound banking system, high-quality financial and legal services and the first-class financial infrastructure that can serve both Mainland China and global enterprises.
   The Chief Executive of Hong Kong Mr. Leung Chun-ying said at the forum: "One Country, Two Systems" policy has been helping Hong Kong continuously developing over the years. The "Two systems" established different financial centers between Hong Kong and the Mainland China, and the "One Country" allows Hong Kong as China's offshore RMB center, which provides superior competitive advantages over other financial centers. Hong Kong will continue to provide more diversified financial products, including bonds, stocks, insurance and such to meet the needs of RMB investment demands.
   Mr. Leung also said that Hong Kong and Shanghai launched interchangeable partnership last November to expand the stock markets with each other and provide more financial resources to investors. With Mainland China's economic continuous reformation and opening up, I believe that it will bring more opportunities for Asia.
   The two-day forum had a number of lectures and symposia sessions. The Chairman of China Securities Regulatory Commission Mr. Xiao Gang, the Chairman of the European Securities and Markets Authority Mr. Stephen Meyer, the Chairman of the US Commodity Futures Trading Commission Mr. Timothy Massad and other well-known economists expressed their views on China and developed economies through multi-angle analysis under the current economic situations, Asian countries' restructuring and development for maintaining sustainable growth during the global economic recovery period.
   The IMF Chief Economic Adviser Mr. Olivier Blanchard used the global trade and investment liberalization as a starting point to analyze the uneven performance between the developed economies and the developing countries and how they influence each other in global trade. Nobel Prize Winner Mr. Paul Krugman also explained the United States monetary policy and its impact to the global economic recovery.
   Our reporters learned at the forum, Hong Kong is an international financial center, and its strong position is not shaken by the recent protest. Last year, Hong Kong's IPO share value reached the USD $27.1 billion dollars, ranked the second place in the world. This ranking strongly supports Hong Kong's position as a global financial center with its well-established and excellent financial and legal advantages. This competitiveness also attracted many young talents and professionals from China and around the world. Another highlight is the establishment of Shanghai and Hong Kong interchangeable plateform, which will potentially provide more world-class financial services to institutional and individual investors. Through this new platform, the investors can easily invest in Hong Kong and Mainland China's stock markets.