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
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Now that the world has connected “things,” we need to build these devices as truly intelligent in order to create instantaneous and precise results. This means you have to do as much of the processing at the point of entry as you can: at the edge. The killer use cases for IoT are becoming manifest through AI engines on edge devices. An autonomous car has this dual edge/cloud analytics model, producing precise, real-time results. In his session at @ThingsExpo, John Crupi, Vice President and Eng...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, will discuss new ways of thinking and the approaches needed to address the emerging challenges of securit...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...