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2012, May 18
2012, May 18 Some 2,000 finance, business and government leaders from around the world are taking part in the Asian Financial Forum, which opened yesterday at the Hong Kong Convention and Exhibition Centre and continues through today.
The forum’s fifth edition is taking place under the theme “Asia: Driving Sustainable Growth,” focusing on opportunities in Asia, particularly the Chinese mainland. More than 70 prominent speakers are taking part in the forum, which is organised by the Hong Kong SAR Government and the Hong Kong Trade Development Council (HKTDC).
“Here in Asia, inflationary pressure is relatively light, governments have achieved generally balanced budgets, banking systems are stable and borrowing is inexpensive,” says Hong Kong SAR Government Chief Executive Donald Tsang, addressing the forum’s main theme.
“These sound fundamentals,” Tsang notes, “provide a solid platform for growth and stability.”
HKTDC Chairman Jack So says that this year’s theme was particularly timely, “because we all realise that Asia, especially China, is reshaping the world economic landscape. And Hong Kong is China’s international financial capital.”
So adds that the AFF “serves as an annual reminder of the vital role played by Hong Kong in serving the region and the world.”
High-Profile Lineup
The first day's morning plenary session looked at the global economy and Asia’s role in contributing to sustainable growth.
Keynote speakers were: Li Wei, President, Development Research Centre of the State Council, PRC; George Osborne, Chancellor of the Exchequer, United Kingdom; Michel Barnier, European Commissioner for Internal Market and Services; and Haruhiko Kuroda, President, Asian Development Bank.
Other government and institutional leaders scheduled to speak during the forum include: Yao Gang, Vice Chairman, China Securities Regulatory Commission; Takehiko Nakao, Vice Minister of Finance for International Affairs, Ministry of Finance, Japan; U.K. Sinha, Chairman, Securities and Exchange Board of India; Sangche Lee, Commissioner, Financial Services Commission, Republic of Korea; and Tu Guangshao, Vice Mayor of Shanghai.
Corporate leaders participating at this year’s AFF include: Douglas Flint, Group Chairman, HSBC Holdings plc; Richard Elman, Chairman, Noble Group Ltd; Richard Lavin, Group President, Caterpillar Inc; John Rice, Vice Chairman, General Electric Company; K.K. Modi, Chairman, K.K. Modi Group; Levin Zhu, President and CEO, China International Capital Corporation Ltd; and Tomson Li, Chairman & CEO, TCL Corporation.
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