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West Java Investment Summit (WJIS 2020): Governor Ridwan Kamil welcomes World Investors to West Java




Bandung, W Java, Indonesia, Nov 27, 2020 – (ACN Newswire) – The 2020 West Java Investment Summit (WJIS 2020) was held in Bandung City from Nov 16 to 19, hosted by the West Java provincial government in collaboration with the Bank of Indonesia Representative Office in West Java. With the WJIS 2020, West Java Governor Ridwan Kamil could invite investors from around the world to invest in the province of West Java, particularly the new Rebana Metropolitan project.

Rebana Metropolitan is the northeastern area of West Java Province that includes the six districts of Sumedang, Majalengka, Cirebon, Subang, Indramayu, and Kuningan and the city of Cirebon. The Metropolitan area has a population of 9.28 million, or some 18.82% of the total 49.3-million population of West Java as of 2019.

As many as 1,434 foreign and domestic investors participated in the WJIS 2020 one-on-one meeting session on Monday, in which 16 land projects were offered with a total investment value of US$2.8 billion (Rp 39.5 trillion). Governor Ridwan Kamil offered the advantages of investing in West Java for international investors.

First, West Java has quality infrastructure, such as Patimban Port, located in Subang district, which will open in December 2020. “West Java is going to have the Jakarta-Bandung Fast Train that will be completed next year,” said Ridwan. West Java also continues the development of several toll roads that will facilitate further access.

The other advantages of investing in West Java are its quality infrastructure and competitive human resources. With these positive points, the governor ensures that West Java can compete with provinces in other countries, such as Thailand and Vietnam.

“West Java is one of the most competitive regions in Indonesia,” he stated. Ridwan emphasized that to strengthen the provinces competitiveness, the West Java local government remained committed to making improvements in four important fields: education, infrastructure, socio-political stability, and bureaucratic reform.

The governor expressed optimism that West Java would become a globally competitive region to attract foreign investment, especially in the Rebana Metropolitan area. “For the last three years, West Java has been the prime investment destination in Indonesia,” said Governor Ridwan.

Through the third week of November 2020, West Java Province recorded total inbound investment of more than IDR 380 trillion, consisting of four categories: (1) Realized Investment (for the period of January to September 2020); (2) Preparation-stage Investment; (3) Commitment-stage Investment; and (4) Ready-to-offer Investment.

Realized Investment, based on Investment Coordinating Board (BKPM) data for the January to September 2020 period, the West Java province ranks first with a value of IDR 86.3 trillion or 14.1 percent.

Noneng Komara Nengsih, West Java Investment Agency (DPMPTSP) Head, mentioned five sectors in the province that are favourable to investors: (1) construction; (2) transportation, warehouse and communication; (3) housing, industrial and office areas; (4) electricity, gas and water; (5) motor vehicles and other transportation equipment industries.

Preparation-stage Investment in West Java comes from 11 investors: (1) PT Hyundai Motor Manufacturing Indonesia; (2) PT Amazon Data Services Indonesia; (3) PT UPC Sukabumi Bayu Energi; (4) PT Kereta Cepat Indonesia China (KCIC); (5) PT Tanjung Jati Power Company; (6) PT Pertamina Power Indonesia dan PT Jawa Satu Power; (7) PT Premier Qualitas Indonesia dan Trisula Group; (8) Masdar Mubadala Company; (9) China Petroleum Corporation; (10) Frisian Flag Indonesia; and (11) PT Jasa Marga Japek Selatan.

Commitment-stage Investment saw as many as five MoUs and cooperation agreements which were signed at WJIS 2020, with an investment value of some IDR 4.10 trillion, or around USD 292.9 million. The signing ceremony was held on the first day of the Summit, Monday Nov 16, at the Savoy Homann Hotel, Bandung City.

Commitment-stage Investment were regionally owned companies, PT Bandarudara Internasional Jawa Barat (BIJB) and PT Jaswita Jabar, as well as PT Jasa Sarana, Aspen and Docta Proprietary Limited, PT Gobel Internasional, PT Sarana Multi Infrastruktur, and PT Indonesia Infrastructure Finance, committing to investment in infrastructure, starting from hotels; MICE facilities; warehouses, energy, to hospitals.

Ready-to-offer Investment, West Java has 16 investment projects, with a total value of IDR 39.5 trillion or around USD 2.802 billion, that are ready to be tendered. The 2020 WJIS is expected to enhance Investment Realization in West Java in Q4 of this year, before the end of 2020, and trigger the province’s economic growth.

According to Bank Indonesia Representative Office in West Java, the Province has been a crucial contributor to Indonesia’s economic growth since 2015, and one of the most competitive provinces in Indonesia, for three factors: foreign direct investment (FDI), quality infrastructure, and competitive and reliable human resources.

In the last three years, on an average, West Java’s economy grew by 5.4 percent, higher than Indonesia’s economic growth averaging 5.1 percent. The province’s strong economic growth was driven by the manufacturing industry and household consumption.

Investment has played a vital role in contributing to economic growth of West Java. Hence, in its bid to facilitate economic recovery, the Provincial Government sees it crucial to formulate a well-planned and comprehensive strategy to encourage investment inflow that could function as a driver for the national economic recovery.

Bank of Indonesia (BI) Governor Perry Warjiyo stated in the opening session that regional investment is one of the keys to driving the national economic recovery. Bank of Indonesia West Java Chief Herawanto said the Bank and the West Java provincial government had taken strides in accelerating infrastructure development.

The provincial government is also offering an alternative scheme for partnership and investment, involving the private sector in financing infrastructure development across various sectors, from transportation and renewable energy, to water management and urban infrastructure.

Luke Mackinnon, Infrastructure Country Manager at Amazon Web Services, said that Indonesia represented a great opportunity as a destination for investment, with its growing economy. “The growing economy is also beneficial for Amazon Web Services, especially in terms of expanding investment opportunities in Indonesia. We do envision huge investment growth and we can’t wait to add resources and infrastructure to serve consumers.”

Lee Kang Hyun, Vice President of Hyundai Motor Asia Pacific, said that his company has the full support of the Indonesian central government and the West Java provincial government in running its business. “As investors, we certainly choose West Java because we can get full support here and the province has quality infrastructure.”

“Hyundai Motor has been building a factory in Cikarang. Despite the pandemic, with the full support of the governor and the minister, the factory development has reached 65 percent. The factory begins local production by the end of 2021, and in 2022, it will produce Indonesia’s first electric cars which will be sold locally,” he added.

The main WJIS 2020 agenda included launching the Rebana Metropolitan project, and with it MoU Signing and Project Announcements, High Level Sessions, Market Soundings and One-on-One Meetings, Investment Talks, a Trade and Tourism Webinar, groundbreaking for Subang Smartpolitan, and a site visit to Rebana Metropolitan.

Bank BJB, the West Java regional development bank, has offered full support to the provincial government in establishing and developing the Rebana Metropolitan area. “Bank BJB acts as a driving agent that supports the development of the new economic area, as initiated by the West Java Provincial Government,” said BJB President Director Yuddy Renaldi.

Renaldi confirmed that Bank BJB, in cooperation with West Java’s two other regional-owned enterprises, PT Bandarudara Internasional Jawa Barat (BIJB) and Jaswita Jabar, would support the development of tourism and transportation infrastructure in the Rebana Metropolitan area.

The three inked a cooperation agreement to build three-star and five-star hotels in the Kertajati International Airport area in Majalengka, West Java. Facilities for meetings, incentives, conferences and exhibitions (MICE) will also be built in the airport area to accelerate development integration that supports economic activities.

The Rebana Metropolitan project is also in line with Bank BJB’s plan to create new economic areas that can improve the welfare of local communities. “Bank BJB will also expand its collaboration network with various stakeholders so that it can contribute more optimally in executing the project plan,” said Renaldi.

The Rebana Metropolitan area is rife with infrastructure facilities, including the Cikopo-Palimanan (Cipali) and Palimanan-Kanci (Palikanci) toll roads; the Cikampek-Cirebon railroad; Balongan, Cirebon, and Patimban (Phase I) Ports; West Java’s Kertajati International Airport; and the Subang, Indramayu, and Cirebon bus stations.

Bank BJB will also provide financing for the Cileunyi-Sumedang-Dawuan (Cisumdawu) toll road project in supporting efforts to improve connectivity in West Java. Bank BJB’s involvement will not only support the infrastructure projects, but will help prepare local communities to take advantage of the opportunities for economic projects in the province.

Lia Endiani, [email protected]
Team Communication Ridwan Kamil

Topic: Press release summary
Sectors: Trade Shows, Daily Finance, Local Business, Trade Finance

From the Asia Corporate News Network

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ACN Newswire

ABC International is Giving Redsun Properties “Buy” Rating with Target Price at HK$3.8




HONG KONG, Jan 18, 2021 – (ACN Newswire) – Redsun Properties Group Limited (“Redsun Properties”, or the “Group”, stock code: 1996) a leading comprehensive property developer in Mainland China has been given a “Buy” rating by ABC International, with a target price of HK$3.8 backed by its impressive sales and steady rental.

Driven by favorable geographic exposure to Yangtze River Delta region (“YRD”), Redsun Properties’ contracted sales rose from RMB 25.7 billion in 2017 to RMB 86.5 billion in 2020, implying a CAGR of 50%. In 1H20, YRD accounts for 77% of the total contracted sales amount. As of June 2020, the Group had a landbank GFA of 18.37mn sqm, of which 55%, 18% and 27% of the landbank is located in Jiangsu, YRD ex. Jiangsu (mainly Zhejiang and Anhui), and other key cities in China.

ABC International believes that the “Property+ Commercial” model of Redsun Properties enhances the chances of acquiring land at a low cost. While developing residential properties, the Group also operates a range of commercial properties that include shopping malls, amusement parks, community entertainment centers, hotels and office buildings. Most of these commercial property buildings are adjacent to the Group’s residential property projects, providing ancillary services for residents and supporting prices of the residential property projects. For example, the average land cost of the Anqing Commercial and Residential Complex was RMB1,846/sqm with an expected gross profit margin of no less than 30%.

ABC International also believes that the Group has a strong recurring income. As of June 2020, the Group operated three Hong Yang Plazas located in Nanjing in Jiangsu, Changzhou in Jiangsu, and Yantai in Shandong, respectively. Among the 11 malls to commence operation after 2020, three are asset-heavy while the rest are developed under the asset-light model. The Group targets to open the three asset-heavy malls in 2022-23. Driven by the rising rent rates, the Group’s rental revenue increased at 57% CAGR from RMB166 million in 2017 to RMB411 million in 2019, and grew 14% YoY to RMB213mn in 1H20.

About Redsun Properties Group Limited (“Redsun Properties”) (stock code: 1996)
Redsun Properties Group Limited (“Redsun Properties” or “The Group”) is a leading comprehensive developer in China, focusing on the development of residential properties and the development, operation and management of commercial and comprehensive properties. The Group has established a steady regional leading position in Jiangsu Province by taking root in Nanjing, Jiangsu and Yangtze River Delta. Since the incorporation of Nanjing Redsun in 1999, Redsun Properties has worked in the sector of property development and sales for 20 years, established the

Hong Yang brand and received widespread recognition for the development capacity and industry position.
While developing residential properties, Redsun Properties also operates commercial complexes covering shopping malls, amusement parks and community centers, hotels and office buildings. Most of the commercial property buildings are adjacent to the Group’s residential property projects, providing ancillary services for the residents and also increasing the value of the Group’s residential property projects.

Redsun Properties is a constituent of the MSCI China Small Cap Index, Hang Seng Composite Index and Hang Seng Stock Connect Hong Kong Index.

Topic: Press release summary
Sectors: Daily Finance, Daily News

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Greenbriar Provides Montalva Update




Coquitlam, British Columbia, Jan 18, 2021 – (ACN Newswire) – Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) (“Greenbriar”) is pleased to announce that on January 20th, 2021, a new President will be sworn into office in the United States. The Company believes the new administration and the House and the Senate, which is majority controlled by the same political party of the new President, will strongly advocate for the FOMB (Federal Oversight and Management Board) to approve the previously approved 593MW of solar projects, including Montalva.

Although the exact day is not known by Greenbriar, we do know that the US Congress is specifically aware of the significant financial savings and health benefits to the Puerto Rican ratepayer in having these approved contracts accepted by the FOMB.

Puerto Ricans have had to suffer for decades with extremely high priced electrical generation that was also dirty, hazardous, inefficient and costly to human health and dependent on foreign oil sources. The technology was 60 years old and virtually no modern society in North America, except Hawaii and some Caribbean islands, burn dirty oil to produce electricity.

All of the solar projects, including Montalva, which has the greatest financial and health benefits to the Island, have already been approved by PREPA and the independent consumer regulator, the Puerto Rico Energy Bureau (PREB). We look forward to this formal completion.

About Greenbriar Capital Corp

Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. The company will also grant 350,000 3 year stock options at $2.00 CDN to Paul Morris, BA, MA, JD.

“Jeff Ciachurski”
Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

To view the source version of this press release, please visit

Topic: Press release summary
Sectors: Alternative Energy, Funds & Equities

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SinoMab Dosed First Healthy Subject in Phase I Clinical Trial of SN1011 in China




HONG KONG, Jan 18, 2021 – (ACN Newswire) – SinoMab BioScience Limited (“SinoMab” or the “Company”, stock code: 3681.HK), a Hong Kong-based biopharmaceutical company dedicated to the research, development, manufacturing and commercialization of therapeutics for the treatment of immunological diseases, is pleased to announce that the first healthy subject was successfully dosed in the Phase I clinical trial of SN1011, an innovative third-generation covalent reversible Bruton’s tyrosine kinase (“BTK”) inhibitor drug candidate, today in Shuguan Hospital in Shanghai, China. The subject is currently in a normal condition.

Medical staff from Shuguan Hospital in Shanghai conducted the Phase I clinical trial of SN1011.

SN1011 is the third generation, covalent reversible Bruton’s tyrosine kinase (“BTK”) inhibitor designed for higher selectivity and superior efficacy for the long-term treatment of systemic lupus erythematosus, rheumatoid arthritis, pemphigus, multiple sclerosis and other immunological diseases. SN1011 differentiates from existing BTK inhibitors currently available in the market, such as Ibrutinib, in terms of selectivity and affinity. The Phase I clinical trial was conducted in Shuguan Hospital in Shanghai, aiming to evaluate safety, tolerability, pharmacokinetics, pharmacodynamics and recommended Phase II dose of SN1011 in treatment for autoimmune diseases. SinoMab received the approval of SN1011’s Investigational New Drug application (“IND”) from the National Medical Products Administration of China on 27 August 2020, taking less than 5 months to progress into the current dosing stage, which utterly proves the Company’s efficient implementation of new drug R&D programs.

Dr. Weian YUAN, Principal Investigator from Shuguan Hospital in Shanghai for this Phase I Study, said, “So far, there are a number of BTK inhibitors that have been approved, but there is no third-generation BTK inhibitor that is yet approved. Since the third generation BTK inhibitor has much lower effective dose and a better safety profile, it makes SN1011 a promising product to bring patients a much better treatment.”

Dr. Shui On LEUNG, Chairman, Executive Director and Chief Executive Officer of SinoMab, said, “SN1011 successfully completed its first dose, representing another key R&D asset entering the stage of clinical trial following our flagship product, SM03. This is a prominent milestone along SinoMab’s progress in the R&D of various products for autoimmune diseases. Last year we launched the multiple ascending dose cohorts for SN1011 in Australia. SN1011, which shows great safety in clinical trials, possesses advantages of working just in a small dose and continuously benefitting patients, outperforming other BTK inhibitors in the market. We are absolutely confident in the enormous prospects of SN1011’s clinical development. We will accelerate the program in the future, hoping to provide safe, effective and affordable drugs for patients suffering from autoimmune diseases around the world.”

About SN1011
Bruton tyrosine kinase is a key kinase in the BCR signaling pathway in the B cell. Owing to the fact that loss of BTK exerts great impact on B cell development, targeting BTK becomes an attractive therapeutic means for autoimmune disease. SN1011 is a third generation BTK inhibitor which is covalent reversible in binding nature. It has unique chemical structure which renders it high binding affinity and selectivity towards BTK and excellent bioavailability in animal model. SN1011 has better efficacy and safety than other BTK inhibitors in pre-clinical studies. These data support the long-term usage for the treatment of autoimmune diseases in human.

About SinoMab BioScience Limited
SinoMab BioScience Limited (“SinoMab” or the “Company”, stock code: 3681.HK) is dedicated to the research, development, manufacturing and commercialization of therapeutics for the treatment of immunological diseases. The Company’s flagship product SM03 is a potential global first-in-target mAb against CD22 for the treatment of rheumatoid arthritis and is currently in Phase III clinical trial for rheumatoid arthritis in China, which has been recognized as one of the significant special projects of Significant New Drugs Development of the Twelfth Five-Year Plan Period and the Thirteenth Five-Year Plan Period. In addition, the Company possesses other potential first-in-target and first-in-class drug candidates, some of which are already in clinical stage, with their indications covering rheumatoid arthritis, systemic lupus erythematosus, non-Hodgkin’s lymphoma, asthma, and other diseases with major unmet clinical needs.

Topic: Press release summary
Sectors: Daily Finance, Daily News, BioTech, Healthcare & Pharm

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ACN Newswire

14th Asian Financial Forum opens today




HONG KONG, Jan 18, 2021 – (ACN Newswire) – Co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), the 14th Asian Financial Forum (AFF) opened today on a virtual platform. Under the theme “Reshaping the World Economic Landscape”, the two-day forum runs 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.

Co-organised by the HKSAR Government and HKTDC, the 14th Asian Financial Forum (AFF) opened on a virtual platform. Among the keynote speakers this year is Paul Romer, 2018 Nobel Laureate for Economic Sciences and policy entrepreneur, who analysed the current state of the global economy and posited the path towards a new and sustainable growth engine.

Chaired by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, the panel’s distinguished speakers included Pierre Gramegna, Minister for Finance of Luxembourg; Jin Liqun, President & Chairman of AIIB; Bandar M H Hajjar, President, Islamic Development Bank Group; Marcos Troyjo, President, New Development Bank; Teresa Czerwinska, VP, European Investment Bank; and Sean Fleming, Minister of State at the Department of Finance of Ireland

The policy dialogue session this morning was themed “Policy Responses to COVID-19”, with distinguished speakers including Ahmed Alkholifey, Governor of the Saudi Central Bank; Jessica Chew, Deputy Governor of Central Bank of Malaysia; Ryozo Himino, Commissioner of the Financial Services Agency of Japan; and Martin Raiser, Country Director, China and Mongolia, and Director, Korea of the World Bank

Carrie Lam, Chief Executive of the HKSAR, officiated at the forum’s opening ceremony, saying that the COVID-19 pandemic has brought both risks and opportunities. She explained that although participants from around the world were not physically able to attend the AFF this year, the online event would still offer invaluable financial wisdom and insights, the opportunity to exchange ideas and build business relations, and a chance to learn more about different alternatives for business investment. Mrs Lam also pointed out that as an international financial centre and one of the world’s great business hubs, Hong Kong is uniquely positioned to attract tremendous opportunities in the post-pandemic period.

In his welcoming remarks, Dr Peter Lam, Chairman of the HKTDC, said: “The Asian Financial Forum traditionally opens the new year by bringing together leaders from the financial industry and the corporate world to address the major issues of the day. Given the huge challenges faced globally in 2020, our theme of ‘Reshaping the World Economic Landscape’ for this year’s forum is especially meaningful. The events of last year have not only reshaped the global economy but also led to lasting changes in many aspects of our lives. That is why this year’s AFF is more important in helping find ways to address these changes. One thing that’s significantly different this year is the digital format for AFF. The power of technology enables us to welcome participants and speakers from every corner of the world to explore ways to facilitate the global economic recovery and explore issues ranging from technology innovation to sustainable development.”

Guo Shuqing, Secretary of Party Committee of the People’s Bank of China and Chairman of the China Banking and Insurance Regulatory Commission, delivered the keynote speech at the opening ceremony. He said: “Today’s world is witnessing historic changes. Asia may once again play a prominent development role in global civilisation as it did a few centuries ago. As an international financial centre, Hong Kong is embracing the opportunities of the new century. We firmly believe Hong Kong will become more stable and prosperous in its role as a global financial hub. The COVID-19 pandemic will eventually recede. We will work together with other countries to share the opportunities and benefits of globalisation.”

Nobel Laureate economist examines current economic outlook

Despite the move to a new online format, AFF continues to feature a star-studded lineup of speakers. Among the keynote speakers this year is Paul Romer, 2018 Nobel Laureate for Economic Sciences and policy entrepreneur, who analysed the current state of the global economy and posited the path towards a new and sustainable growth engine. Mr Romer said that 2020 was the year in which Asia significantly outperformed Europe and the United States, explaining: “The danger in the US and Europe was that people thought they already knew what to do – just doing what they had always done. But this is the mindset that kills innovation.”

He believes that, despite the uncertainties, the world has entered a new era with low inflation, low interest rates, and an expected recovery from the pandemic. “If we can maintain that mindset of innovation and experimentation, we can continue to progress,” he said.

Reshaping the world economic landscape

The AFF’s plenary session addressed the salient issue of “Reshaping the World Economic Landscape”. Chaired by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, the panel’s distinguished speakers included Pierre Gramegna, Minister for Finance of Luxembourg; Jin Liqun, President and Chairman of the Asian Infrastructure Investment Bank; Bandar M H Hajjar, President of the Islamic Development Bank Group; Marcos Troyjo, President of the New Development Bank; Teresa Czerwinska, Vice-President of the European Investment Bank; and Sean Fleming, Minister of State at the Department of Finance of Ireland. Together they examined how the financial services sector can contribute to the recovery of the global economy and what opportunities await in the new economic landscape.

In the face of the global pandemic, many governments employed unconventional financial policies to roll out large-scale fiscal stimulus packages. The policy dialogue session this morning was themed “Policy Responses to COVID-19”, with distinguished speakers including Ahmed Alkholifey, Governor of the Saudi Central Bank; Jessica Chew, Deputy Governor of Central Bank of Malaysia; Ryozo Himino, Commissioner of the Financial Services Agency of Japan; and Martin Raiser, Country Director, China and Mongolia, and Director, Korea of the World Bank. The experts shared insights 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 addresses global economic outlook and sustainable investment

The global banking industry have been reacting quickly to transform its business in light of the current environment of low interest rates, increased compliance requirements and digital innovation, together with the raft of challenges brought by the pandemic. In the afternoon session titled “Global Economic Outlook”, chaired by Victor Chu, Chairman & CEO of First Eastern Investment Group, business leaders from the banking and financial sectors shared their thoughts on the outlook for the global banking industry, while considering how banks should respond to regulatory changes and advances in technology. The distinguished panel of speakers included 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.

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” analysed the long-term prospects for sustainable investing with a panel that included 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 discussion was chaired by Jonathan Drew, Managing Director, ESG Solutions, Global Banking of The Hongkong and Shanghai Banking Corporation Limited. The subsequent dialogue session with Mark Tucker, Group Chairman of HSBC Holdings plc, took a deeper dive into the topic of climate change and ESG.

Other notable figures sharing their thoughts in the various dialogue sessions today were Lei Zhang, Founder and CEO of Hillhouse Capital Management; and Philippe Brassac, Chief Executive Officer of Credit Agricole SA.

Industry leaders analyse emerging issues

The green economy, 5G and innovation have become important elements of economic development in recent years. The afternoon session, “Greening the Economy with 5G and Innovation”, was chaired by Wilson Chow, Global Technology, Media and Telecommunications Industry Leader of PwC, with speakers including David Chung, Under Secretary for Innovation and Technology of the HKSAR Government; Grace Hui, Head of Green and Sustainable Finance, Hong Kong Exchanges and Clearing Limited; Gordon Guo, Deputy Head, Internet & Enterprise Solution Division, China Mobile Hong Kong; and Sammie Leung, Climate and Sustainability Leader of PwC Mainland China and Hong Kong.

Central bank digital currencies (CBDCs) are gaining more attention 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 shared 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. The speakers included the Financial Services Development Council’s Chairman, Laurence Li, and Executive Director, Au King-lun; 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; Joseph Chan, Under Secretary for Financial Services and the Treasury of the HKSAR Government; and Benedicte Nolens, Head of BIS Innovation Hub, Hong Kong Centre.

New “Dialogues for Tomorrow” series explores future of different industries

This year’s AFF sees the inauguration of the “Dialogues for Tomorrow” series. The two-day programme will discuss the future of different sectors such as banking, insurance, fintech, energy, healthcare, food and agriculture and big tech. Distinguished speakers taking part include Melissa Guzy, Co-Founder and Managing Partner of Arbor Ventures; Florian Kemmerich, Managing Partner of Bamboo Capital Partners; Randall S Kroszner, Deputy Dean of Executive Programs and Norman R Bobins Professor of Economics of the University of Chicago Booth School of Business; Mary Huen, CEO of Hong Kong, Standard Chartered; Maaike Seinebach, General Manager, Hong Kong and Macau of Visa Inc; Sally Wan, CEO of AXA Hong Kong and Macau; Ming Yang, Chief Financial Officer of Daqo New Energy; and Tao Zhang, Founder and Managing Director of Dao Ventures & Dao Foods International.

Online showcase for fintech and start-ups with 140-plus institutions

The AFF includes the Fintech Showcase, FintechHK Startup Salon, InnoVenture Salon and Global Investment Zone, with more than 140 local and overseas international financial institutions, technology enterprises, start-ups and investment agencies coming together to give online presentations on 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, this year’s AFF Deal Flow Matchmaking Session again connects investors with project owners from around the world covering different areas including the Internet of Things, digital technology, healthtech, fintech, education, environment and energy, food and agriculture, infrastructure and real estate. With one-on-one meetings organised on a virtual platform this year, a record number of participants is expected.

The InnoVenture Salon continues 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. The HKTDC, 500 Startups and FWD Group are also jointly presenting the inaugural “AFF Accelerate”, an open innovation challenge inviting start-up entrepreneurs to devise insurance technology solutions for the insurance industry, bringing innovative ideas into the commercial world.

Two keynote speakers and more financial leaders on second day of AFF

Sharing their insights on innovation, artificial intelligence and venture capital investing tomorrow (19 January) will be two keynote speakers, Alexis Ohanian, Co-founder of Reddit and Seven Seven Six, and Luc Julia, Co-creator of Siri, Apple’s virtual assistant. Kicking off tomorrow’s proceedings will be two panel discussions covering “Asset and Wealth Management Industry in the Post-COVID Era” and “Climate Change Risks and Opportunities for Insurance”. In addition, a dialogue session moderated by Antony Leung, Group Chairman & CEO of the Nan Fung Group, will feature Stephen A Schwarzman, Chairman, CEO and Co-Founder of Blackstone.

– Asian Financial Forum:
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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: Follow us on Twitter @hktdc and LinkedIn

Media enquiries:
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]

Topic: Trade Show or Conference
Sectors: Trade Shows, Daily Finance

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Canadian VR Company Sells $4.2M of Bitcoin Following the Double-Spending FUD

Blockchain4 days ago

TA: Ethereum Starts Recovery, Why ETH Could Face Resistance Near $1,250

Amb Crypto3 days ago

Monero, OMG Network, DigiByte Price Analysis: 23 January

Amb Crypto2 days ago

Will range-bound Bitcoin fuel an altcoin rally?

Amb Crypto3 days ago

Chainlink Price Analysis: 23 January

Amb Crypto2 days ago

Bitcoin Price Analysis: 24 January

Amb Crypto4 days ago

Popular analyst prefers altcoins LINK, UNI, others during Bitcoin & Eth’s correction phase

Amb Crypto3 days ago

Bitcoin Cash, Synthetix, Dash Price Analysis: 23 January

Amb Crypto3 days ago

Why has Bitcoin’s brief recovery not been enough

Automotive3 days ago

Tesla Powerwalls selected for first 100% solar and battery neighborhood in Australia

Blockchain4 days ago

Bitcoin Cash Analysis: Strong Support Forming Near $400

Blockchain4 days ago

OIO Holdings Appoints Rudy Lim as CEO of Blockchain Business Subsidiary

SPAC Insiders4 days ago

Virtuoso Acquisition Corp. (VOSOU) Prices Upsized $200M IPO

Amb Crypto3 days ago

Why now is the best time to buy Bitcoin, Ethereum

Amb Crypto3 days ago

Stellar Lumens, Cosmos, Zcash Price Analysis: 23 January

AI2 days ago

Plato had Big Data and AI firmly on his radar

Cyber Security5 days ago

Einstein Healthcare Network Announces August Breach