The Hong Kong Central Financial Forum hosted jointly by the Chinese Banking Association of Hong Kong and China Construction Bank (Asia) Corporation Limited (“CCB Asia”) was held on February 22, 2017. Deputy Director of the Liaison Office of the Central People’s Government (“LOCPG”) in the HKSAR Ms. Qiu Hong, China Construction Bank Limited Executive Director and Vice President Mr. Zhang Gengsheng, Chairman of the Chinese Banking Association of Hong Kong Mr. Yue Yi, Chief China Economist at Hong Kong Exchanges and Clearing Limited Mr. Ba Shusong, Deputy Director-General of Economic Affairs Department of the LOCPG in the HKSAR Mr. Lei Haiqiu, Non-executive Director of CCB Asia Mr. Mao Yumin, Non-executive Director and President of CCB Asia Mr. Jiang Xianzhou, Chairman and CEO of CCB International Mr. Hu zhanghong, Associate Dean of the Faculty of Business and Economics, the University of Hong Kong Mr. Lin Chen, Partner of Financial Services at KPMG China (Beijing) Mr. Wang Lipeng, General Manager of IT Management Department at CCB Mr. Jin Panshi, CEO of Hong Kong Applied Science and Technology Research Institute Mr. Frank Tong, Chief Operating Officer of Bank of China (Hong Kong) Mr. Zhong Xiangqun and President of Marketing & Product Solution Sales, Huawei Enterprise BG Ms. Yuan Qian attended the forum to discuss and share views on Hong Kong’s financial services industry development.
“The Hong Kong Central Financial Forum was held today to set up an open platform that puts together the best talents in the industry to explore opportunities in Hong Kong’s financial industry, which is vital for the future of Hong Kong,” China Construction Bank Limited Executive Director and Vice President Mr. Zhang Gengsheng said, “CCB highly regards its overseas development strategy, which aims at improving its international competitiveness, proactively building its network in overseas markets and vigorously growing the overseas operations. On the one hand, CCB deepens the “follow our customers” strategy to support Chinese enterprises going global. On the other hand, we assist in bringing in foreign companies from overseas. The CCB Group has demonstrated synergies and strong momentum of the strategy.”
Chairman of the Chinese Banking Association of Hong Kong Mr. Yue Yi said, “with China’s Belt and Road Initiative and the Go Global Strategy for enterprises, Chinese banks in Hong Kong will continue to benefit from opportunities to expand in the Asia Pacific, specially in the ASEAN, which have closer economic and trade ties with China. RMB internationalization will reshape the international position of Chinese banks. Hong Kong’s endeavour to strengthen its position as an offshore RMB hub will deepen and broaden of the offshore RMB market. The Chinese Banking Association of Hong Kong looks forward to stronger ties with Hong Kong’s banks, governmental agencies, regulatory authorities and other stakeholders, so as to better serve the Hong Kong society and contribute further to consolidating and raising Hong Kong’s position as an international financial centre and helping to boost the long-term prosperity and stability of Hong Kong.”
The keynote speech at this forum depicted the path of Chinese banks’ developments in Hong Kong in the past, at present and in the future.
Financial technology (known as “Fintech”) represents a key trend in the Hong Kong, Mainland and international financial markets. No one can afford to ignore the potential impact of Fintech on financial services. In the roundtable session of the Hong Kong Central Financial Forum on the topic of “Capitalizing on Hong Kong’s Strengths, Developing Fintech”, bankers, businessmen, experts and scholars were invited to interactively discuss Fintech development, including in-depth discussions on the opportunities and challenges posed by Fintech to the Hong Kong banking industry.
In addition, the forum made special arrangements for onsite display of the latest Fintech products and systems, sharing insight into Fintech development and enhancing communication and cooperation among industry stakeholders.
In the roundtable session on the topic of “Unleashing Hong Kong’s Strengths, Developing Fintech”, the five guests made in-depth discussions on the opportunities and challenges posed by Fintech to the Hong Kong banking industry.