Asian Financial Forum opens

The 16th Asian Financial Forum opened today, providing a platform for international heavyweights to examine ways to formulate better business strategies and develop a blueprint for sustainable growth after the past turbulent years.

Under the theme of "Accelerating Transformation: Impact ∙ Inclusion ∙ Innovation", the forum also explores how global corporates can work together to create a resilient economic landscape through innovation and inclusion.

Addressing the forum’s opening session this morning, Chief Executive John Lee pointed out that under the clear direction of the National 14th Five-Year Plan, Hong Kong is actively enhancing its strength as an international financial centre, including boosting its niche as a global offshore renminbi hub, and an international asset and wealth management and risk management centre.

He said: "We offer companies and investors a business-enabling environment, internationally aligned regulations and a free flow of capital and people as well as plentiful opportunities coming from our deepening integration with national development".

Mr Lee also highlighted the Hong Kong Special Administrative Region Government's efforts in promoting the development of financial technology.

Financial Secretary Paul Chan gave his welcome remarks at the keynote luncheon.

Mr Chan spoke about the importance of global co-operation in achieving the 2030 Agenda for Sustainable Development endorsed by all United Nations member states.

He also emphasised the country's firm commitment to globalisation and global governance, adding that it is prepared to invest more in global co-operation and assist other developing countries in accelerating development.

The Financial Secretary pointed out that Hong Kong's status as an international financial centre and strengths in professional services can contribute to global environmental objectives.

"Strong demands for sustainable infrastructure and green transition around the world present a vast promise, and Hong Kong is well poised to address them."

Secretary for Financial Services & the Treasury Christopher Hui chaired the plenary session, in which he elaborated his thoughts with policymakers and financial leaders on the role that global co-operation can play in transforming the world economy to address the challenges brought by a polycrisis and the outlook on globalisation.

The two-day forum, accessible both physically and virtually, assembles thousands of top businesspeople, senior officials and thought leaders from over 70 countries or regions to share their insights on issues related to global finance and economy, and explore co-operation opportunities.

Mr Hui will deliver a keynote speech at the Family Office Symposium tomorrow.