HONG KONG, Nov 23, 2020 – (ACN Newswire) – The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), concluded its live programme on 18 November. More than 60 leaders from the logistics, maritime and aviation sectors around the world shared their insights in 35 topical sessions at the event. ALMAC had its debut as an online event (ALMAC Online) this year and industries continued to show their support with more than 10,000 viewers from close to 60 countries and regions joining the global live streaming, including many from Hong Kong, Mainland China and nine out of 10 countries in the Association of Southeast Asian Nations (ASEAN) bloc, along with newcomers from Austria, Brunei, Brazil, the Czech Republic, Egypt, Hungary, Rwanda, Slovakia and Uzbekistan and more, highlighting how the online format offered networking opportunities spanning the globe.
|In the Air Freight Forum on day one of the 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), air cargo community stakeholders shared their views on the industry’s outlook. Yvonne Ho, General Manager, Hong Kong and Macau, International Air Transport Association (L) and Frederic Leger, Director APCS Products, International Air Transport Association (R).|
|Kitack Lim, Secretary-General, International Maritime Organization, shared his thoughts on prospects in the Maritime Forum, citing two major challenges – digitisation and carbon-dioxide emissions reduction. The industry could not avoid the issue of energy transition and it was necessary to introduce innovation in the industry through digitisation and artificial intelligence.|
|In the Closing Plenary, Yonov Frederick Agah, Deputy Director-General, World Trade Organization (WTO), said COVID-19 has accelerated economic and lifestyle changes such as working from home and booming e-commerce that will help to boost trade reforms.|
ALMAC Online provided several interactive channels to connect different industry players, helping to expand business connections and build opportunities. Attendees could pair up with business partners easily through one-on-one virtual meetings and exchanging business contacts. The service created easy communication between potential business partners, generating more than 5,300 connections. Insight Exchange, Meet the Experts and Meet the Shippers sessions helped participants search for leading service providers of innovation technology and solutions. In addition, representatives from key trade associations provided complimentary advisory services, covering areas such as regional supply chains under the pandemic, changing trade flows and logistics technology.
The HKTDC worked with 100 international chambers of commerce and other organisations to set up 10 sub-conference venues in areas with a low COVID-19 risk, connecting global logistics groups simultaneously. Numerous business-matching meetings and virtual roundtable sessions were organised for delegations from France, Germany and Italy, connecting them with industry players from Hong Kong and the mainland to capture business opportunities.
Preparing for COVID-19 vaccine air logistics
The pandemic has brought unprecedented challenges to many sectors, including the air cargo industry. In the Air Freight Forum of the conference, co-organised with Airport Authority Hong Kong, air cargo community stakeholders discussed the industry’s outlook and outlined a roadmap for business in the current environment.
Frederic Leger, Director APCS Products, International Air Transport Association (IATA), said the major issue faced by the industry now is the reduction in air cargo capacity. Globally, the grounding of about two-thirds of passenger fleets and absence of non-stop freighters in some regions had a significant impact on the air freight industry. Hong Kong has been less impacted by the capacity crunch because of its hub status and the continued flow of freighter traffic.
Mr Leger also spoke about preparing for the shipment of COVID-19 vaccines. Around 80 potential vaccines are currently in development, with some being ready for shipping by the end of the year. The shipment of vaccines will create significant supply-chain challenges since it’s estimated that providing one dose for each of the world’s 7.8 billion people would require cargo capacity equivalent to 8,000 Boeing 747 cargo aircraft.
“The key factors depend on where the vaccines will be produced, where they are going, where they will transit, how many doses per person, and the time between injections,” Mr Leger explained. Infrastructure and staffing requirements should also be considered. For example, transporting vaccines requires storing at ultra-low temperatures of minus 80 degrees Celsius, and there must be appropriate tracking and handling procedures, facilities, equipment, packaging and extra capacity on the ground. At the same time, air crews and ground staff must be authorised to support vaccine transport, with sufficient training on risk, quality and handling procedures to deal with time- and temperature-sensitive pharma products. Mr Leger said collaboration between governments would be crucial, suggesting authorities work to arrange fast-track vaccine delivery, expediting the release and clearance of goods to avoid bottlenecks at borders.
Alaina Shum, General Manager, Aviation Logistics, Airport Authority Hong Kong, said COVID-19 vaccines would generate about 65,000 tonnes of air freight but with challenging requirements such as ultra-cold storage, cool dollies, apron shelters and airport-wide IATA certification. She said Hong Kong International Airport (HKIA) was already fully equipped to meet these requirements well before the pandemic outbreak.
Nevertheless, Ms Shum said strict procedures to reduce risks during the pandemic would affect airlines’ ability to efficiently deploy crews, leading to additional costs and, in some cases, flight cancellations. She said Hong Kong authorities and HKIA had launched relief measures to help airlines keep flying, while HKIA was working with the Civil Aviation Department to increase capacity out of Hong Kong by expanding slot approvals for chartered flights, especially on high-demand routes carrying medical supplies. This resulted in a 25% year-on-year increase in freighter capacity from March to September this year, with some airlines refitting passenger aircraft to operate them for all-cargo services.
Expanded role of e-commerce during pandemic
Ms Shum said the pandemic had led to rapid growth in medical-supply shipments, including personal protective equipment, while the increase in work-from-home arrangements had boosted demand for e-commerce electronic products. Overall, she said, the pandemic had accelerated the shift to online shopping, which would have a long-lasting effect.
William Xiong, Chief Strategist and General Manager for Export & Global Logistics, Cainiao Network, discussed the growth of e-commerce during the pandemic. He said Cainiao, a mainland logistics firm, could handle 400 million packages a day with its global delivery network and has also helped international brands and companies leverage the power of big data to allocate their inventories intelligently and cut costs. Demand for such services had increased more than 10-fold in recent months, he explained.
Mr Xiong said the company had already handled more than 130 million medical-supply shipments this year, serving about 150 countries and regions as well as many international organisations such as the United Nations.
He mentioned that prices for freight had fluctuated heavily during the pandemic, and Cainiao looks forward to prices stabilising in the future. The company is expanding its capacity and building connections in cooperation with partners to boost its existing capacity and expertise. By 2021, the firm intends to add 3,000 more chartered flights and expand scheduled aviation services with a 72-hour turnaround time. With this move, Cainiao aims to reduce costs through digitisation and optimisation for more affordable and accessible services that contribute to the industry’s development.
Hong Kong as an International Maritime Centre
The pandemic has also created concerns for the maritime industry. During the Maritime Forum, held in the afternoon on day one of the conference, Kitack Lim, Secretary-General, International Maritime Organization, shared his thoughts on business prospects and said the industry faces two major challenges – digitisation and carbon-dioxide emissions reduction. The industry could not avoid the issue of energy transition and the reduction of greenhouse-gas emissions, and had to meet the Paris Agreement target of halving fossil-fuel usage. Mr Lim said investment in research and development and infrastructure is one of the solutions, adding that innovations through digisation and artificial intelligence (AI) were also necessary.
Several leading maritime industry players gave their insights at a session titled “Maritime Forum – A Catalyst for Change”. Vincent Clerc, CEO of Ocean and Logistics, A.P. Moller – Maersk, said the shipping industry had begun to rebound at the end of the second quarter of 2020 and demand from October to November had even exceeded expectations. Mr Clerc said most relevant services and technologies had been digitised for some time but the COVID-19 pandemic has accelerated the process with customers also looking for more digital solutions. Digitisation standards in the industry presented problems and digitisation involved large investments – and not all corporations could afford to adopt such solutions. Mr Clerc said A.P. Moller – Maersk was working hard to establish related standards for the industry. The company has decided to make full use of digitisation as it is beneficial to both corporates and customers and opens up more possibilities.
Mr Clerc believed the industry has already achieved higher standards than required by the International Maritime Organization in terms of sustainable development and carbon emissions reduction. He added that A.P. Moller – Maersk would fulfill more commitments in response to customers’ requirements and expectations, resolving climate change and carbon emission issues gradually.
Chaired by Patrick Lau, Deputy Executive Director, HKTDC, speakers in the Power Dialogue session titled “Asian Connectivity under the “New Normal” included Grom Alexey Nikolaevich, CEO, Chairman of the Board, United Transport and Logistics Company – Eurasian Rail Alliance (UTLC ERA), and Zheng Shuangli, Director of Operations, Chengdu International Railway Port Investment & Development (Group) Co., Ltd. Mr Nikolaevich said the pandemic had shown that railway was the most reliable means of transport because of the absence of delays, and the present situation made this advantage obvious. His company had seen a significant increase in transport volume to 500,000 twenty-foot equivalent units (TEUs) this year, with an average of one railway service departing from mainland or European borders every 45 minutes.
WTO addresses industry recovery
Co-organised with The Hang Seng University of Hong Kong, the Closing Plenary session invited Yonov Frederick Agah, Deputy Director-General of the World Trade Organization (WTO), to share his views in a keynote address, “World Trade Organization Outlook for Charting Recovery”. The pandemic has severely impacted the global economy and daily life, with global trade dropping drastically, he said. Forecasts showed that the decline in global trade might exceed the drop resulting from the 2008 financial crisis. The impact of the pandemic on the logistics industry has been widespread, with global air-freight and ocean-freight volumes shrinking substantially amid land border closures, along with a halt to business travel that is crucial for connecting trade and managing global value chains. “There is an unusually high level of economic uncertainty right now. If the second wave of COVID-19 is better managed and vaccines are available soon, it could add three percentage points to trade growth,” said Dr Agah. “The pandemic has also accelerated economic and lifestyle changes, from working from home to booming e-commerce, that can accelerate trade reforms.”
Dr Agah’s address was followed by a series of panel discussions. Leaders from different sectors shared views on the topic “Leading Through a New Paradigm of Global Logistics Risks under Uncertain Trading Environment and Cyber Disruptions”, exploring the challenges confronting globalisation in an era of geopolitical tensions and trade protectionism. “Better transport connectivity results in better trade and increased productivity. Intra-regional benefits from trade agreements have been bolstered further by the pandemic,” remarked Jan Hoffmann, Chief, Trade Logistics Branch, United Nations Conference on Trade and Development.
The conference hosted two Supply Chain Management Forums, covering “Adopting Automation, Robotics and AI in Logistics and Supply Chains” and “Shaking up Supply Chain Management from E-commerce to Social Commerce”. Power Dialogue sessions examined Asian connectivity under the new normal, the digitisation of the supply chain, digital cargo and other topics. Launched last year, InnoTalks and MarketTalks both returned in 2020. The InnoTalks sessions featured innovative solutions to help conference participants keep abreast of technological developments in the logistics industry and generate new impetus in their business. MarketTalks featured key industry players from Mainland China, India, Malaysia, Thailand and the United Arab Emirates, who led attendees in exploring regional opportunities through logistics ecosystems.
The conference sessions are now available for viewing through video-on-demand on the ALMAC Online website until 17 December 2020.
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– ALMAC Online: https://www.almac.hk/main/en
– ALMAC Online Speaker List: https://www.almac.hk/main/en/speaker/2020speaker
– ALMAC Online Programme: https://www.almac.hk/main/en/s/info-programme
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.
Christine Kam, Tel: +852 2584 4514, Email: [email protected] Clayton Lauw, Tel: +852 2584 4472, Email: [email protected]
Topic: Trade Show or Conference
Sectors: Trade Shows, Transport & Logistics, Marine & Offshore, Artificial Intel [AI], Automation [IoT]
From the Asia Corporate News Network
Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Jacobson Pharma’s Proposed Spin-off and Separate Listing of JBM (Healthcare) Limited on The Main Board of The Stock Exchange of Hong Kong Limited
HONG KONG, Jan 15, 2021 – (ACN Newswire) – Jacobson Pharma Corporation Limited (“Jacobson Pharma” or the “Company”; Stock Code: 2633), a leading company engaged in the research, development, production, marketing and sale of generic drugs and proprietary medicines, today announced the declaration of a conditional special interim dividend by way of a distribution in specie of an aggregate of 241,777,625 JBM Shares, representing approximately 27.1% of the total number of JBM Shares in issue immediately upon completion of the proposed spin-off, to the qualifying shareholders.
As of today, the total number of issued shares of the Company (“Shares”) is 1,934,221,000. Assuming there is no change in the total number of shares from today up to 29 January 2021 (the “Record Date”), the qualifying shareholders will receive one JBM Share for every eight Shares held on the Record Date.
The distribution is conditional on the public offer becoming unconditional in all respects. If such condition is not satisfied, the proposed spin-off will not take place and the distribution will not be made.
For more details, please refer to the link of announcement:
About Jacobson Pharma Corporation Limited (Stock Code: 2633)
Jacobson Pharma is a leading generic drug company in Hong Kong. The Group also carries a portfolio of proprietary brands, notably Po Chai Pills, Ho Chai Kung TjiThung San, Contractubex Scar Gel, Flying Eagle Woodlok Oil, Tong Tai Chung Woodlok Oil, Doan’s Ointment, Saplingtan, Shiling Oil and Col-gan Tablet, which have been widely recognised by the market. In the strategic expansion of its branded healthcare business platform, the Group has introduced health and wellness brands and products such as Dr. Freeman Flu/RSV Combo, SmartfishHealth Nutrition Products, Dr. Freeman Infection Control Product Series and Dr Freeman COVID-19 Rapid Test Kit, among other reputable brands represented in overseas markets such as Excilor and Weisen-U.
The Group aims at the continued strategic enrichment of both of its generic drug and branded healthcare portfolios through the addition of high value-added products. With its corporate headquarters based in Hong Kong, the Group has also established its operating subsidiaries in China, Macau, Taiwan, Singapore and Cambodia forming a regional commercial platform to tap the market potential in the Asia Pacific and Greater China region. Jacobson Pharma has been a constituent stock of MSCI Hong Kong Micro Cap Index since 1 June 2017. For more details about Jacobson Pharma, please visit the Group’s website: http://www.jacobsonpharma.com
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Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Concord Adex Unveils Toronto’s Mystery Bridge Suite
TORONTO, Jan 15, 2021 – (ACN Newswire) – It’s a lair fit for Mr. James Bond himself. The long-awaited Bridge Suites (https://concordbridgesuites.com/), Concord’s iconic addition to the Toronto skyline, is finally unveiled. Globally recognized as an architectural feat, the Bridge Suites were built into Parade’s SkyBridge at the foot Canoe Landing Park in Toronto, Ontario and have been a source of curiosity throughout the city – and the world – since inception.
As the country’s highest (and largest) suspended residence, the jaw-dropping Bridge Suites are an engineering and architectural marvel. The 450 tonne, 40 metre structure that took over 14 hours to lift into place is no longer a mystery. Its unique outlook suspended in the sky allows for unobstructed vistas to Lake Ontario in one direction and miles of city views to the other.
“Rarely in a city can you point in the sky and say definitively, ‘I live there,” however, the uniqueness of this residence makes it very hard to miss,” said Isaac Chan, Vice President, Sales and Marketing at Concord Adex. “The Bridge Suites have long sparked intrigue from Torontonians and we’re excited to pull back the curtain and finally give everyone the grand tour of this incredible space.”
The Grand Bridge Suite, listed at $4,550,000, is the largest of the two suites and the only one of two to be publicly offered. It is 4,168 square feet of living space spanning 3 floors including double height living, dining and study. Featuring timeless design, finishes and furnishings from LIV Design Studio (https://livca-prod.k8s.trustliv.com/), the SkyBridge also boasts an 823 square foot outdoor retreat serviced by an indoor bar and sunroom. The master bedroom comes with Toronto’s ultimate bathing area, boasting breathtaking views of the lake. Additionally, the suite is equipped with private three car garage and premium storage space.
“This project was unlike any other due to the true uniqueness of the space,” said Olivia Lam, Principal, LIV Design Studio. “The architecture is so unique that creating the right balance of program and timelessness was a welcome challenge.”
Concord has been building Canada’s largest lifestyle-forward urban communities for over 30 years. Concord Pacific Place in Vancouver and Concord CityPlace in Toronto are the country’s two largest urban master-plans. Concord also expanded to Seattle’s tech hub in the United States and London, UK including the completion of Principal Tower in the Principal Place neighbourhood, home to Amazon UK. These communities are renowned for their vibrant urban planning and have been emulated globally. The award-winning developer is Canada’s most substantial contributor of city parks and privately funded public art. In addition to their design sustained neighbourhoods, the company’s green energy arm generates twice the amount of energy needed to power them.
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About Concord Pacific
Concord Pacific is a Canadian headquartered developer of multi-phased, master-planned residential communities. With more than 40,000 units built or currently under development, it is Canada’s largest urban community builder and has won numerous national and international awards for design and excellence. Their development schemes are strategically designed to enhance the lifestyles of its residents with innovative architecture and engaging public spaces of world-class scale and use. For more information, visit concordpacific.com. For more information on the Bridge Suites, visit concordbridgesuites.com.
Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
TES Agrees Minority Equity Investment with Sojitz
SINGAPORE, Jan 15, 2021 – (ACN Newswire) – Sojitz is engaged in a wide range of businesses globally, including buying/selling/importing/exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects in Japan and overseas. Sojitz also invests in various sectors including automobiles, aerospace, medical infrastructure, energy, mineral resources, chemicals, agricultural and forestry resources, consumer goods and industrial parks. Headquartered in Japan, the Sojitz Group consists of approximately 400 subsidiaries located around the world.
With recent concerns surrounding resource depletion and uneven commodity resource distribution, the resource recycling business is expected to become increasingly important. This investment means TES can combine its extensive capability base with Sojitz’s deep experience in metals and comprehensive resource recycling businesses to develop and innovate outcomes for commodities that will become a significant source of raw materials in the coming decades. Sojitz will partner with TES to promote TES services in Japan, and Sojitz’s extensive network will leverage TES’s lithium-ion battery recycling and energy storage businesses.
“TES’s mission is to make a decade of difference by securely, safely and sustainably transforming and re-purposing 1 billion kilograms of assets by 2030,” said Gary Steele, TES’ Chief Executive Officer. “Sojitz’s experience and shared vision of a more sustainable world make them an ideal partner for TES. The Sojitz investment reaffirms that, and we couldn’t be more excited about partnering with them to offer sustainable technology solutions that drive the circular economy in Japan.”
TES is backed by Navis Capital Partners, one of Southeast Asia’s largest private equity companies, with over US $5 billion under management. Jean-Christophe Marti, Senior Partner at Navis, commented: “Looking ahead, global manufacturing is potentially facing raw material commodity shortages stemming from the exponential proliferation of IoT devices, electric vehicles and mobility devices. Visionary companies like Sojitz understand that, and this partnership is another step in the realization of our foundational strategy to build a global sustainability leader around the TES platform.”
Founded in 2005, TES is a circular economy leader focused on helping customers with the commissioning, deployment and retirement of IT assets. As one of the world’s largest providers of IT lifecycle services, TES understands the common challenges faced when managing IT equipment through its lifecycle, and our bespoke, cost-effective solutions address these challenges while maintaining compliance with all local and international data security, environmental and industry regulations.
TES has an unmatched global footprint and operates 40 locations across 20 countries with more than 1,700 employees. Our mission is to create outstanding value for our customers, employees and stakeholders as well as for the global community by leveraging our unique combination of security, value recovery and environmental expertise. Find out more at www.tes-amm.com.
Find out more at https://www.sojitz.com/en
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Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
14th Asian Financial Forum held online next week
HONG KONG, Jan 13, 2021 – (ACN Newswire) – The 14th Asian Financial Forum (AFF) will be held as an online event on 18 and 19 January (Monday and Tuesday). Under the theme “Reshaping the World Economic Landscape”, the forum will run round the clock across different time zones, examining the current economic landscape and exploring global business opportunities with more than 160 influential policymakers, financial experts, investors, business leaders and economists.
|Introducing the highlights of this year’s Asian Financial Forum at today’s press conference are: Duncan Chiu, Executive Director, Hong Kong Venture Capital and Private Equity Association; Patrick Lau, HKTDC Deputy Executive Director; Mary Huen, Chairperson, 2021 Asian Financial Forum Steering Committee and Chief Executive Officer, Hong Kong, Standard Chartered; and Wilson Chow, Global Technology, Media and Telecommunications Industry Leader, PwC [L-R]|
|Under the theme “Reshaping the World Economic Landscape”, the 14th Asian Financial Forum will be held on 18 and 19 January 2021 (Monday and Tuesday) on a virtual platform. The picture shows one of the sessions at the 13th Asian Financial Forum.|
Heavyweight speakers at the AFF’s keynote sessions include Paul Romer, 2018 Nobel Laureate for Economic Sciences and policy entrepreneur, Alexis Ohanian, Co-founder of Reddit and Seven Seven Six, and Luc Julia, Co-creator of Siri, Apple’s virtual assistant. Distinguished guests at various sessions will share insights on a wide range of topics including the global economic outlook, socially responsible and impact investment, the asset and wealth management industry in the post-COVID era, climate change risks and opportunities for the insurance industry.
Mary Huen, Chairperson, AFF 2021 Steering Committee and CEO, Hong Kong, Standard Chartered, said: “COVID has brought unprecedented changes to the world economy, although the development of vaccines will help to address some of the uncertainties. The global economy is being reshaped even as economic and trade activities begin to get back to normal. Corporates need to aggressively embrace the new normal and turbocharge the implementation of transformation, including technology upgrades, to create new opportunities for the financial industry.”
Dr Patrick Lau, HKTDC Deputy Executive Director, said: “We endured a challenging year in 2020, which makes it all the more important for AFF participants to come together to examine the latest market developments and explore innovative solutions and investment opportunities from around the world through the AFF virtual platform. Under the theme ‘Reshaping the World Economic Landscape’, this year’s forum focuses on topics such as sustainable development, impact investment, fintech, 5G, philanthropy, family offices, entrepreneurship and venture capital, and will examine how businesses can turn crisis into opportunity under the new normal. The online forum will cover more than 50 sessions from 8:30am to 10pm, Hong Kong time, allowing people from different time zones to participate.”
First plenary session focuses on reshaping the global economy
The pandemic has hit the global economy hard, and even as the vaccination programme gathers speed the economy is still expected to recover at a slow pace. Whether the world’s economy will continue on its regular cycle or whether there will be a fundamental change brought about by the pandemic is a topic of interest to many, along with the impact of issues such as trade disputes, climate change and technology development. After a special address by Guo Shuqing, Deputy Governor of the People’s Bank of China, Chairman of the China Banking and Insurance Regulatory Commission, on the first morning of the AFF, the plenary session will explore the topic “Reshaping the World Economic Landscape”, with senior officials examining how the financial services sector can contribute to the recovery of the global economy and what opportunities await in the new economic landscape. Among those contributing to the discussion will be Teresa Czerwinska, Vice-President of the European Investment Bank; Pierre Gramegna, Minister for Finance of Luxembourg; Bandar M H Hajjar, President of the Islamic Development Bank Group; and Jin Liqun, President and Chairman of the Asian Infrastructure Investment Bank.
In the face of the global pandemic, many governments employed unconventional financial policies to roll out large-scale fiscal stimulus packages. Speakers at a policy dialogue session themed “Policy Responses to COVID-19” include Ahmed Abdulkarim Alkholifey, Governor of the Saudi Central Bank; Ryozo Himino, Commissioner of the Financial Services Agency of Japan; Martin Raiser, Country Director, China and Mongolia, and Director, Korea of the World Bank; and Nor Shamsiah Mohd Yunus, Governor of the Central Bank of Malaysia. The discussion will focus on the effectiveness of fiscal and monetary policies in supporting growth, and the implications of the increasing use of financial technology from the perspective of regulators.
Panel discussions address broad spectrum of financial issues
As in previous years, the four Panel Discussions will be a key focus of the AFF. In the session titled “Global Economic Outlook”, business leaders from the banking and financial sectors will assess the transformation brought about by the current environment of low interest rates, increased compliance requirements and digital innovation, together with the raft of challenges resulting from the pandemic. The distinguished speakers include Laura Cha, Chairman of Hong Kong Exchanges and Clearing Limited; Jean Lemierre, Chairman of BNP Paribas; Liu Liange, Chairman of the Board of Bank of China Limited; Urs Rohner, Chairman of the Board of Directors of Credit Suisse Group AG; Jose Vinals, Group Chairman of Standard Chartered PLC; and Wong Kan-seng, Chairman of United Overseas Bank Limited. The panellists will share their thoughts on the outlook for the global banking industry, while considering how banks should respond to regulatory changes and advances in technology.
As socially responsible investment and impact investment gain stronger ground, the pandemic has highlighted the importance of incorporating environmental, social and governance (ESG) considerations into investment decisions, creating long-term value for corporations and generating higher returns for investors. The discussion on “Responsible and Impact Investment” will review the long-term prospects for sustainable investing with a panel that includes Yoshio Hishida, President of Sumitomo Mitsui Trust Asset Management; Amy Lo, Chairman, Executive Committee, Private Wealth Management Association, and Head and Chief Executive, UBS Hong Kong Branch; Jena Raby, CEO of Natixis Investment Managers; Vineet Rai, Founder and Chairman of the Aavishkaar Group; and George H Walker, Chairman and CEO of Neuberger Berman.
The asset and wealth management industry has inevitably been impacted by COVID-19, but while there are challenges to business operations, the pandemic has also given rise to new solutions and practices and the emergence of new perspectives and investment opportunities. The session titled “The Asset and Wealth Management Industry in the Post-COVID Era” will explore the implications of COVID-19 on the asset and wealth management industry, key industry trends in Asia and globally, and how market players can best position themselves in this fast-changing environment. Speakers at the session include Ben Chan, Regional Managing Director, Asia Pacific, Ontario Teachers’ Pension Plan (Asia) Limited; Julia Leung, Deputy Chief Executive Officer and Executive Director, Intermediaries, Securities and Futures Commission; Rajeev Mittal, Managing Director, Asia Pacific ex-Japan, Fidelity International; and Francois Monnet, Head of Private Banking North Asia, Credit Suisse AG HK Branch.
Climate change is one of the major emerging risks in the decades ahead and is expected to reshape the structure of the economy in the future, bringing both risks and opportunities to the real economy and the financial sector. The insurance industry is expected to play a key role in facilitating people and businesses to address climate change risks and move towards a sustainable future. In a discussion titled “Climate Change Risks and Opportunities for Insurance”, insurance leaders and experts will look at how the industry is responding to climate change risks and how to capture opportunities for insurance in the transition to a sustainable economy. Panel members include Fabien Jeudy, CEO of Sun Life Hong Kong Limited; Jan Napiorkowski, Global Head Clean Energy and Vice President of Ariel Syndicate of Lloyd’s; James Turner, Group Chief Risk and Compliance Officer of Prudential plc; Lei Yu, CEO, North Asia, and Regional Head of Distribution, Asia Pacific, QBE Asia; and Patrick Zeng, CEO HK & Greater China, Regional Distribution Director Asia Pacific, Allianz Global Corporate & Specialty SE.
Global financial policymakers assess economic prospects
The impact of the pandemic and evolving international geopolitical issues have combined to create uncertainty in the global economy. Over the two days of the AFF, Influential global financial policymakers and business leaders will take part in more than 50 panel sessions. Luminaries including Stephen A Schwarzman, Chairman, CEO and Co-founder of the Blackstone Group; Philippe Brassac, CEO of Credit Agricole SA; Mark E Tucker, Group Chairman of HSBC Holdings plc; Howard Davies, Chairman of the NatWest Group; Zhang Lei, Founder, Chairman and CEO of Hillhouse Capital Management Group; and Antony Leung, Group Chairman & CEO of Nan Fung Group, will explore strategies that can help to address the current financial situation.
Central bank digital currencies (CBDCs) are gaining traction in global markets. As a premier international financial centre and the world’s largest offshore renminbi hub, Hong Kong is well positioned to facilitate the exploration and expansion of CBDCs at the cross-boundary level. In a discussion themed “The Evolving Central Bank Digital Currency Landscape”, panellists will share insights on potential use cases for CBDCs and how Hong Kong’s burgeoning fintech ecosystem can get better equipped for the opportunities that lie ahead. Chaired by Au King-lun, Executive Director of the Financial Services Development Council, the panellists will include Henri Arslanian, Global Crypto Leader and Partner, PwC; Shusong Ba, Managing Director and Chief China Economist, Hong Kong Exchanges and Clearing Limited, and Chief Economist of the China Banking Association; and Benedicte Nolens, Head of BIS Innovation Hub, Hong Kong Centre.
This year’s forum will feature a number of “Fireside Chat” sessions featuring experts from various fields, including Da Hongfei, Founder and CEO of Onchain; Michael Chan, Co-Founder & Co-CEO of Bowtie Life Insurance Company Limited; Virginia Tan, CEO & Founding Partner of Teja Ventures; Thomas Jeng, Head of Asia-Pacific, Innovation and Partnerships of 500 Startups; Paul Ark, Advisor of Gobi Partners; Grace Reyes, CEO of The Investment Diversity Network (TIDE) and Sandra Ro, CEO of the Global Blockchain Business Council. These experts will share insights with pioneers from around the world on topics such as technology development trends, venture capital, investing in the “she economy”, financing the circular economy, and the state of blockchain, providing practical advice on how to start a successful business.
New “Dialogues for Tomorrow” series features distinguished guests
This year’s AFF will see the inauguration of the “Dialogues for Tomorrow” series to assess the impact of COVID-19 on sectors such as banking, insurance, fintech, energy, healthcare, food and agriculture and big tech, allowing industry players to get a better understanding of the current situation and ways in which they can enhance their competitiveness. Distinguished guests taking part in the series include Melissa Guzy, Co-Founder and Managing Partner of Arbor Ventures; Tao Zhang, Founder and Managing Director of Dao Ventures & Dao Foods International; Ann Kung, Deputy Chief Executive of Bank of China (Hong Kong) Limited; Sebastian Paredes, CEO of DBS Bank (Hong Kong) Limited; Maaike Steinebach, General Manager, Hong Kong & Macau, Visa Inc; Ronnie Ede, Executive Director & Chief Financial Officer of Innovent Biologic Inc; Florian Kemmerich, Managing Partner of Bamboo Capital Partners; Ming Yang, Chief Financial Officer of Daqo New Energy; Randall S Kroszner, Deputy Dean for Executive Programs of the University of Chicago Booth School of Business; and Sally Wan, CEO of AXA Hong Kong and Macau.
Online showcase for latest innovations and investment opportunities
The Fintech Showcase, FintechHK Startup Salon, InnoVenture Salon and Global Investment Zone will return in a virtual format for the 2021 Asia Financial Forum, inviting more than 140 local and overseas international financial institutions, technology enterprises, start-ups and investment agencies to present the latest trends in fintech innovation and next-generation business ideas, helping industries from different parts of the world to explore investment opportunities. Exhibitors include Mox Bank, a start-up group from Cyberport, Hong Kong Science and Technology Parks, PAO Bank and Airwallex. In addition, the AFF Deal Flow Matchmaking Session will arrange one-on-one meetings between more than 670 investors, project owners and start-ups to bring together capital and investment projects from around the world on a virtual platform. More than 700 meetings will be arranged, covering investment projects including the Internet of Things, digital technology, healthtech, fintech, education, environment and energy, food and agriculture, infrastructure and real estate.
The InnoVenture Salon will continue to empower start-up enterprises by building connections with international investors and potential business partners, joining hands with Hong Kong financial regulators to solve start-up problems. It will also present the inaugural “AFF Accelerate”, an open innovation challenge jointly organised by the HKTDC, 500 Startups and FWD Group, inviting start-up entrepreneurs to devise insurance technology solutions for the insurance industry, bringing innovative ideas into the commercial world.
– Asian Financial Forum: https://www.asianfinancialforum.com/aff/en/
– AFF programme: https://www.asianfinancialforum.com/aff/en/s/programme
– AFF speakers: https://www.asianfinancialforum.com/aff/en/speaker/main
– Photo download: https://bit.ly/39wtBuV
Members of the media who joined today’s press conference will automatically receive a two-day media pass for the 14th Asia Financial Forum. Other media representatives who would like to participate in the AFF should send an email to [email protected] on or before 16 January for registration details.
Media remarks: All video or audio recordings at the event may be used only in the context of media reporting.
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
Please contact the HKTDC’s Communications & Public Affairs Department:
Angel Tang, Tel: +852 2584 4544, Email: [email protected]
Sam Ho, Tel: +852 2584 4569, Email: [email protected]
Clayton Lauw, Tel: +852 2584 4472, Email: [email protected]
Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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