Hong Kong, SAR - A Major Financial Gathering

In a significant convergence of financial minds, approximately 3,600 policymakers, business executives, investors, and scholars from around the globe have convened in Hong Kong for the 18th Asian Financial Forum (AFF), taking place from January 13-14, 2025. This event marks the region's first major financial gathering of the year and is centered around the theme “Powering the Next Growth Engine.” The AFF features dynamic discussions, networking opportunities, and insights from around 130 distinguished speakers who are sharing their perspectives on the latest trends in global financial markets and investment potentials. Special attention is being paid to Middle East markets, with the introduction of a new Gulf Cooperation Council (GCC) Chapter designed to foster cross-regional partnerships.

Opening Remarks from Hong Kong’s Chief Executive

During the opening session, Hong Kong’s Chief Executive, John Lee, emphasized the city’s integral role as an international financial hub. He noted, “Thanks to our ‘one country, two systems’ framework, we enjoy robust support from mainland China while simultaneously cultivating strong global connections. This positions Hong Kong as a premier ‘super connector’ and 'super value-adder’ in the world financial landscape.” He pointed out the benefits of Hong Kong’s common law system and bilingual professionals who seamlessly navigate the complexities of both Chinese and international business practices.

Insights from the People's Bank of China

Pan Gongsheng, the Governor of the People's Bank of China (PBOC), underscored the importance of the Central Government’s backing and the proactive initiatives of the HKSAR Government in enhancing Hong Kong's unique strengths. He highlighted the city's continuous drive towards innovation and its vital role in solidifying Hong Kong's status as a global financial center.

Pivotal Strategies to Reinforce Hong Kong’s Position

To further reinforce Hong Kong’s position, Governor Pan outlined four pivotal strategies that will guide the PBOC’s support: 1. Advancing the development of Hong Kong’s capital market while deepening mutual financial access between Hong Kong and mainland China. 2. Strengthening Hong Kong's reputation as an offshore Renminbi business hub. 3. Enhancing the city’s role as an international asset and wealth management center. 4. Vigilantly protecting Hong Kong's financial stability and security.

The Significance of the Asian Financial Forum

The Asian Financial Forum serves as a critical platform for engaging discussions on the future of finance and investment, paving the way for new growth avenues amidst the evolving global landscape. As financial leaders outline their visions for the future, the world will undoubtedly be watching how Hong Kong continues to adapt and thrive in a rapidly changing economic environment. Stay tuned as we uncover more insights from this pivotal gathering!