Asian Financial Forum opens

January 10, 2022

The 15th Asian Financial Forum opened today, providing a premier platform for thousands of leaders in government, finance and business from over 80 countries and regions to exchange insights and explore business and investment opportunities.


Co-organised by the Government and the Trade Development Council, the two-day forum is also one of the events to kick-start celebrations for the 25th Anniversary of the Establishment of the Hong Kong Special Administrative Region.


Under the theme Navigating the Next Normal towards a Sustainable Future, the forum is conducted in a virtual format this year due to the latest developments of the COVID-19 pandemic situation.


Chief Executive Carrie Lam delivered an address to open the forum this morning. It was followed by keynote speeches by Mainland government officials including Chinese People's Political Consultative Conference Subcommittee for Economic Affairs Chairman, former China Banking Regulatory Commission Chairman, and former China Securities Regulatory Commission Chairman Shang Fulin.


Addressing the opening session this morning, Mrs Lam pointed out that the forum, through pooling the insight and intelligence of high-profile speakers from around the world, aimed to shed light on how the world could better prepare itself and build a sustainable future amid such uncertainties as extreme weathers, pandemic outbreaks, geopolitical tensions and diverging fiscal and monetary policies worldwide.


She noted that with “one country, two systems” back on the right track, international investors and observers had shown confidence in Hong Kong. Following the resolute actions of the central authorities to enact and implement the National Security Law in June 2020 and improve the electoral system last year to ensure “patriots administering Hong Kong”, the financial services sector and institutional strengths of Hong Kong had been fortified.


The Chief Executive highlighted Hong Kong's fundraising, asset and wealth management, insurance and financial technology businesses, in which the city would continue to prosper.


She also stressed that the Government, in collaboration with the financial regulators and the industry, was stepping up the efforts to promote green and sustainable finance in Hong Kong, with a view to contributing to achieving the carbon neutrality goals in Hong Kong and in the Mainland.


The Green & Sustainable Finance Cross-Agency Steering Group was also exploring the possibilities of Hong Kong's development as a regional carbon-trading centre, including the creation of a global voluntary carbon market and carbon-market opportunities as part of Hong Kong’s growing co-operation with the Guangdong-Hong Kong-Macao Greater Bay Area, Mrs Lam added.


“As the business bridge between China and the rest of the world, Hong Kong is well-positioned to connect green and sustainable funds from the Mainland and the world,” she said.


Secretary for Financial Services & the Treasury Christopher Hui spoke at the plenary session on Navigating the Next Normal towards a Sustainable Future, in which speakers shared their insights on the characteristics of the post-COVID global economic and business new normal, as well as how public and private sectors can collaborate to orient the global economy towards a green future with sustainable growth.


The forum also comprises panel discussions and thematic workshops covering issues including environmental, social and governance as well as sustainability, global economic outlook, asset and wealth management, family office, the enormous opportunities presented by the 14th Five-Year Plan and the development in the bay area.


The forum this year continues to feature the Fintech Showcase, FintechHK Start-up Salon and InnoVenture Salon as well as the Global Investment Zone to enable local and overseas international financial institutions, technology enterprises, startups and investment agencies to present their latest financial innovations, next-generation businesses and investment opportunities across regions and sectors.

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