Welcome!

News Feed Item

Record Attendance at Seventh Asian Financial Forum

Source: HKTDC


More than 100 Speakers Participate in Two-Day Summit

Hong Kong, Jan 15, 2014 - (ACN Newswire) - More than 2,400 business leaders and senior government officials from 41 countries and regions took part in the seventh Asian Financial Forum (AFF), 13-14 January, at the Hong Kong Convention and Exhibition Centre. Delegations of senior executives from Australia, Canada, the Chinese mainland, Germany, India, Indonesia, Japan, Korea, the Philippines, Russia, South Africa, Thailand, the United Kingdom and the United States were among those in attendance.

Powering World Growth

Prospects on the Chinese mainland and throughout the Asian region dominated the two-day forum, as Hong Kong Trade Development Council (HKTDC) Chairman Jack So emphasised in his remarks at the Forum opening. "You're here because, undoubtedly, Asia has proven to be vital - to the global economy and world financial system, and to your business bottom line," said Mr So. "Led by the Chinese mainland and, increasingly, ASEAN, this region has emerged, in recent years, as the world's economic and financial engine. Which is why 'Asia: Powering World Growth,' is the theme of our seventh Forum."

Leung: "Connector of People and Markets"

Hong Kong SAR Chief Executive CY Leung, who also spoke at the Forum opening, stressed Hong Kong's role as a "connector of people and markets from East and West." He illustrated this by noting that Hong Kong "is the largest offshore renminbi-financing centre in the world" today.

Nakao: "Growth Remains Robust"

The forum's opening session focused on Asia's growing role in the global economy. Session speakers were: Jeroen Dijsselbloem, President of the Eurogroup and the Netherlands' Minister of Finance; Alexey Moiseev, Deputy Finance Minister of Russia; and Takehiko Nakao, President of the Asian Development Bank. Mr Nakao said that Asia's share of the world economy had risen from 20 per cent in 1990 to nearly 30 per cent today. And, despite a variety of challenges, he remained positive. "Our region may be seeing some moderation in growth. But there are two things to remember: first, despite the moderation, growth remains robust by anyone's standards and, second, this moderation is occurring alongside the critical structural reforms needed for the sustainability of robust growth in a more equitable and environmentally sound fashion."

Geithner: "Reasonably Optimistic"

More than 100 speakers took part in the Forum, including Timothy Geithner, US Secretary of the Treasury from 2009 until January 2013. Mr Geithner delivered his speech at the 14 January luncheon. Addressing relations between the US and China, Mr Geithner was "reasonably optimistic," noting that the two economies are closely integrated and "complementary."

Dr Alan Bollard, Executive Director of the APEC Secretariat, gave the 13 January luncheon address. Other prominent speakers included: Paul M Achleitner, Chairman, Supervisory Board, Deutsche Bank AG; Ding Xuedong, Chairman & CEO, China Investment Corporation; Robin Li, Chairman & CEO, Baidu Inc; Carlo Mazzi, Deputy Chairman, Prada SpA; Fiona Woolf, Lord Mayor, City of London; and Levin Zhu, President & CEO, China International Capital Corporation Ltd.

Free Trade to Virtual Currency

Much discussion took place at the Forum workshops. These examined opportunities ranging from the liberalisation of the mainland's financial market to private wealth management, captive insurance, Islamic finance, ASEAN, free trade zones, Qianhai, opportunities in natural resources and energy, and Chinese outbound investment.

Speaking about "virtual currency" at yesterday's "Financial Service Innovation" workshop, Zennon Kapron, founder and Managing Director of Kapronasia, noted: "Virtual currency has the potential to be the biggest change in our lifetimes - or nothing." Either way, he added, it's an innovation that traditional financial institutions must begin to address. Workshop summaries are available at: http://www.asianfinancialforum.com/en/info_summaries.htm

Financial Matchmaking

The AFF Deal Flow Matchmaking Session this year featured more than 400 one-to-one meetings between investors and businesses looking for investment. They included dedicated matching between Chinese investors and international project owners looking for mainland capital.

Networking and Global Investment

The Forum's Networking Lounge served as a resource and hospitality centre. The Global Investment Opportunities zone, located inside the lounge, presented investment opportunities from Australia, Canada, the Philippines, Russia, Spain and the US. In addition, the lounge included nearly 30 sponsors and exhibitors, covering sectors ranging from the media to financial services and national investment promotion agencies.

International Financial Week

The AFF was the anchor event of International Financial Week. Its 10 finance-related events continue through 17 January, with the annual International Conference on the Chinese Economy taking place tomorrow and Friday. More than 3,000 people are expected to take part in the week-long activities.

Launched in 2007, the AFF is Asia's premier annual financial and business event. The Forum is organised by the Hong Kong SAR Government and the HKTDC.

Websites: www.asianfinancialforum.com; http://www.internationalfinancialweek.com

Video: http://www.youtube.com/playlist?list=PLBrAaPzPW6Upnypc-YEOSofSBmKBYyDvs

About HKTDC

A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 global offices, including 12 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and on the mainland, while providing information via trade publications, research reports and online. For more information, please visit: www.hktdc.com. Follow us on Google+, Twitter @hktdc, LinkedIn.

Google+: http://plus.google.com/+hktdc
Twitter: http://www.twitter.com/hktdc
LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

Source: HKTDC

Contact:
HKTDC
Corporate Communication Department
Joe Kainz
Tel: +852 2584 4216
Email: [email protected]




Copyright 2014 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...