Session Summaries
1-6-aff-2017-intelligence

 

Disclaimer

The opinions and views expressed by any third parties and/or speakers in the Events do not necessarily represent the position of HKTDC. HKTDC shall in no way be responsible for the accuracy, completeness or timeliness of the information provided by them. HKTDC expressly disclaims any liability whatsoever that might arise thereof.


16 Jan (Day 1)
17 Jan (Day 2)
16 Jan (Day 1)
16 January 2017 (Monday) - Day 1
Morning

Opening Session

Welcome Remarks

  • Mr Vincent HS Lo, GBS, JP
    Chairman, Hong Kong Trade Development Council

Opening Remarks

  • The Hon C Y Leung, GBM, GBS, JP
    The Chief Executive, Hong Kong Special Administrative Region of the People's Republic of China

Plenary Session - Asia: Driving Change, Innovation and Connectivity

Asia has substantially changed the dynamics in the world economy, accounting for 60% of global economic growth in the past decade which is up from about one-third ten years ago. The visionary Silk Road Economic Belt and 21st Century Maritime Silk Road initiative, covering some 60 economies in Asia, Africa, Europe and Middle East, will strengthen connectivity between Asia and other regions, sharing the prosperity arising from the rising affluence and consumption in Asia. Meanwhile, the robust innovation scene in Asia presents leapfrogging developments in e-commerce and public services, as well as opportunities for wider application of financial technologies. The session will offer insights on Asia’s prospects and how it can work with partners from other regions to fortify sustainable global economic development against a backdrop of persistent anemic demand in Western economies, the potential revival of protectionist rhetoric as well as uncertain financial and monetary policy outlook.

Panel Chair

  • Professor the Hon K C Chan, GBS, JP
    Secretary for Financial Services and the Treasury, Hong Kong Special Administrative Region of the People’s Republic of China

 

Speakers

  • Mr Mihály Varga
    Minister for National Economy of Hungary
  • Mr Simon Kirby MP
    Economic Secretary to the Treasury United Kingdom
  • Dr Mohammad Khazaie
    Vice Minister of Economic Affairs and Finance of Iran and President of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI)
  • Mr Kiatchai Sophastienphong
    Vice Minister for Finance, Thailand

 

Coffee Break

Policy Dialogue - Challenges for Central Banks and Financial Regulators in an Era of New Political and Economic Uncertainty

2016 has turned some recent assumptions on their head, which means that 2017 will be challenging for policy makers and markets. With Brexit, President-elect Trump’s election, dollar appreciation, the return of inflation in some developed markets and increasingly divergent fiscal and monetary policies in the US, Asia and Europe, the “low for long” assumption about interest rates is being re-assessed. Emerging economies are dealing with capital flight, currency depreciation pressures and a backlash against globalisation. Protectionism is also on the rise. This Policy Dialogue will discuss how central banks and financial regulators can respond to achieve sustainable economic growth while maintaining financial stability, and what economies in the greater Asian region can do in response.

Panel Dialogue

  • Mr Ashley Ian Alder, JP
    Chief Executive Officer, Securities and Futures Commission; Chairman of the Board, International Organization of Securities Commissions

 

Speakers

  • Mr Klaus Regling
    Managing Director of European Stability Mechanism
  • Mr Saeb Eigner
    Chairman, Dubai Financial Services Authority
  • Mr Andrea Enria
    Chairperson, European Banking Authority
  • Mr Mirza Adityaswara
    Senior Deputy Governor, Bank Indonesia
  • Ms Ksenia Yudaeva
    First Deputy Governor of the Bank of Russia
  • Dr Eun-bo Jeong
    Vice Chairman, Financial Services Commission

 

Afternoon

Keynote Luncheon

Sponsored by: logo-cicc

There have been profound changes since the 2008-09 Global Financial Crisis, notably the Great Recession followed by an uneven recovery of the global economy, sharply lower commodity prices and major reforms in financial regulation. In the US, monetary policy has started to reverse after QE tapering, whilst the EU and Japanese economies are struggling to recover growth momentum. In developing Asia, India aspires to become a major manufacturing nation and has eclipsed China in GDP growth, as the latter attempts to rebalance its economy, including tough reforms plus the Belt and Road Initiative. Brexit, Trump's assumption as the new US President, and the demise of the Trans-Pacific Partnership are all signs that globalisation may be rolling back. Furthermore, with the political unrest and military conflicts in the Middle East, which result in increasing refugee migration into the EU and failed states across the region, investors globally are confused with few good options.

Are these developments caused by rising poverty and inequality or are they due to climate change and technological disruptions? Is the accepted World Order edging towards an inflexion point, where it risks being redefined or reshaped by these forces of disruption? How should the global economy secure stability and avoid the next collapse?

Opening Remarks

  • Mr Ding Xuedong
    Chairman & CEO, China Investment Corporation;
    Chairman, China International Capital Corporation Limited

Moderator

  • Mr Andrew Sheng
    Distinguished Fellow, Asia Global Institute, The University of Hong Kong

Speaker

  • Dr Mohamed A. El-Erian
    Chief Economic Advisor at Allianz, Chair of the President;
    Obama’s Global Development Council; Former CEO and Co-CIO of PIMCO

Panel Discussion on Global Economy

The world enters 2017 with a myriad of uncertain elements that may have lasting impacts on most parts of the global economy. Would US trade protectionism under a Trump presidency escalate profoundly to curtail the already anaemic global trade growth? How would Trump’s proposed inflation-prone fiscal stimulus affect the pace and magnitude of US monetary policy tightening, accelerate capital outflows from emerging and other developed markets, and amplify capital and currency market volatilities? Besides, a continual slowdown of the Chinese economy, delayed recovery in Japan, doubts over EU unity in light of upcoming elections and Brexit, along with geopolitical tensions in Asia and outside of the region, will also foreshadow the 2017 outlook. This panel will discuss the global economic outlook amid all these looming uncertainties and prospects for sustainable growth in the years ahead.

Panel Chair

  • Dr the Hon Victor K. Fung, GBM, GBS
    Group Chairman, Fung Group

Speakers

  • Mr Raymond L. Conner
    Vice Chairman, The Boeing Company
  • Mr Ding Xuedong
    Chairman & CEO, China Investment Corporation
  • Mr Sung-Soo Eun
    Chairman of the Board of Directors and Chief Executive Officer, Korea Investment Corporation
  • Mr Christian Noyer
    Honorary Governor, Banque de France

Dialogue with Japan GPIF President Norihiro Takahashi

Moderator

  • Mr Nicholas Kwan
    Director of Research, Hong Kong Trade Development Council

Speakers

  • Mr Norihiro Takahashi
    President, Government Pension Investment Fund, Japan

Panel Discussion on Prospects for ASEAN

Entering the second year of AEC establishment, ASEAN will likely fare well despite a challenging external environment, with the slackened demand for ASEAN exports in Europe, Japan and China partly compensated by an upswing in the US economy, whilst solid infrastructure and consumer spending within ASEAN continues to underpin domestic demand. Although individual ASEAN countries may differ in their responses to the sluggish global economy and the attendant tumble in commodities prices, some have succeeded in turning adversity into advantage, deepening policy reforms and seeking fiscal discipline through energy subsidy reduction. This panel will discuss how the AEC as an integrated consumer market and production base can ride on demographic and urbanisation dividends to usher in new waves of trade and investment opportunities, while leveraging the Belt and Road Initiative and other regional free trade arrangements.

Panel Chair

  • Mr Anthony Nightingale, CMG, SBS, JP
    Director, Jardine Matheson Holdings Limited

Speakers

  • Mr Chairul Tanjung
    Founder and Chairman, CT Corp
  • Ambassador Zhou Wenzhong
    Secretary-General, Boao Forum for Asia
  • Mr Jaime Zobel de Ayala
    Chairman and Chief Executive Officer, Ayala Corporation

Dialogue with Mohamed A. El-Erian

Moderator

  • Mr Andrew Sheng
    Distinguished Fellow, Asia Global Institute, The University of Hong Kong

Speakers

  • Dr Mohamed A. El-Erian
    Chief Economic Advisor at Allianz; Chair of the President Obama’s Global Development Council; Former CEO and Co-CIO of PIMCO

Coffee Break

Panel Discussion on China Opportunities

As China gears down for a more sustainable and balanced expansion based on consumption, it remains Asia’s economic anchor with enviable GDP growth of at least 6.5% in the lead up to 2020, buttressed by supply-side reforms and schemes like Internet Plus, Made in China 2025, and notably the Belt and Road Initiative. While aiming to free up market vitality and facilitate economic upgrade internally, China has to be vigilant that the credit expansion which steadies the economy in the short term may undermine long-term reform efforts. Externally, China faces a formidable environment, notably sluggish developed markets, and trade protectionism that may escalate under a Trump presidency in the US, along with capital outflow and renminbi depreciation driven by massive ODI and hastened by US rate hike expectations. This panel will discuss how China can navigate the choppy waters in 2017 to engender greater economic stability and efficiency, alongside creating trade and investment opportunities for Chinese and overseas enterprises.

Panel Chair

  • Mr Ronnie C. Chan
    Chairman, Hang Lung Properties Limited

Speakers

  • Mr Raymund Chao
    Greater China Chairman, PwC
  • Mr Lai Xiaomin
    Chairman, China Huarong Asset Management Co., Ltd.
  • Mr Ning Gaoning
    Chairman, Sinochem Group
  • Mr Wang Hongzhang
    Chairman and Executive Director, China Construction Bank Corporation
Evening

AFF 10th Edition Cocktail Reception

To commemorate the 10th edition of AFF, worldwide industry leaders will gather at this reception to revisit Hong Kong’s financial services industry over the past decade as well as insights and intelligence from AFF 2017 speakers, while enjoying our specially-mixed AFF cocktail, live-food stations, alongside live musical entertainment.

Opening Remarks

  • Ms Margaret Fong
    Executive Director, Hong Kong Trade Development Council

Welcome Remarks

  • Ms Helen Wong
    Group General Manager and Chief Executive, Greater China, The Hongkong and Shanghai Banking Corporation Limited
17 Jan (Day 2)
17 January 2017 (Tuesday) - Day 2
Morning
Breakfast Panel on Positioning Hong Kong in the New World Order
Sponsored by:

The "new world order" has evolved with the launch of the Belt and Road Initiative, the increasing usage of RMB in international transactions as manifested by RMB's entry into the SDR on 1 October 2016, and the Paris Agreement on Climate Change (COP21) confirming increasing concern on environment and sustainable development. The rise of Fintech has brought in new financial institutions providing financial services to a large number of consumers and investors, as well as changing the ways banks and corporations interact with their clients and each other.

Hong Kong stands ready to ride on these very important new developments leveraging on its role as an international financial centre, a super-connector as well as an efficient intermediary. Hong Kong being the top offshore RMB business centre through which most of the international transactions denominated in RMB are intermediated is a good reflection of Hong Kong's role as a super-connector of substance.

In this session, a panel of distinguished speakers with in-depth knowledge on these subjects will discuss how businesses and investors in Hong Kong can get ready for the "new order" - to take the best advantage of the changes and keep abreast with the latest new developments.


Welcome Remarks

  • The Hon Laura M Cha, GBS, JP
    Non-official Member of the Executive Council, Hong Kong Special Administrative Region of the People’s Republic of China
    Chairman, Financial Services Development Council
    Non-Executive Deputy Chairman, HSBC Asia Pacific

Moderator

  • Mr Benjamin Hung Pi Cheng, BBS, JP
    Regional Chief Executive Officer, Greater China & North Asia, Standard Chartered Bank (Hong Kong) Limited

Speakers

Sub theme: Belt and Road

  • Professor Frederick Ma Si-Hang, GBS, JP
    Chairman, MTR Corporation Limited

Sub theme: Green Finance

  • Mr Tim Freshwater
    Chairman, Goldman Sachs Asia Bank Limited

Sub theme: Fintech

  • Mr Lei Zhang
    Founder, Chairman & CEO of Hillhouse Capital Management Group
Panel Discussion on Payment Technology and Cyber Security
Co-organised with:

Convenience of online search, staying connected through messaging and social media networks, and conducting instant online purchase and sale, have disruptively changed business operations and models in ways unprecedented. Concomitantly, they generate numerous transactions and massive fund flow each day through many local and cross-border payment platforms. Seamless communication and sprawling e-commerce sales through many information and application platforms, mobile or otherwise, necessitate proper identity validation, authentication and authorisation. Unequivocally, these processes are vulnerable to any scathing attack originated locally or internationally, reminiscent of recent reports that millions of accounts had been hacked. Known for its use in bitcoin distribution, blockchain technology adopts distributed ledgers of payments which aim to eliminate the need for central authorities to certify ownership and clear transactions. Yet, how could this distributed ledger technology be optimally adopted to ensure both security and transaction efficiency, while tackling counter-party risks and inter-operability among different chains? This panel will discuss where would payment technology and cyber security be next headed, and how would the interests of concerned stakeholders, including consumers, online vendors, payment platforms, internet and financial institutions, be best served?


Opening Remarks

  • Dr Lee G. Lam
    Chairman, Hong Kong Cyberport Management Company Limited

Panel Chair

  • Ms Melissa Guzy
    Co-Founder and Managing Partner, Arbor Ventures

Speakers

  • Mr Eoghan Murphy TD
    Minister of State at the Department of Finance, Ireland
  • Mr Jixun Foo
    Managing Partner, GGV Capital
  • Mr Lars Ottersgård
    Executive Vice President and Head of Nasdaq Market Technology
  • Mr Makoto Shibata
    Head of Global Innovation Team, Digital Innovation Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd
  • Mr Stephen ‘Kai’ Sui
    Chief Executive Officer, Neural Technologies Limited
  • Mr John Wolpert
    Global Blockchain Offering Director, IBM
Concurrent Workshop: Green Finance
Sponsored by:

The Proposal of the CPC Central Committee on Formulating the Thirteenth Five-year Plan on National Economic and Social Development as passed at the Fifth Plenary Session of the 18th CPC Central Committee has, for the first time, adopted “green” as well as “innovation, coordination, openness and sharing” as “development concepts”. As such, these concepts will become China’s five major principles, directions and focuses of development in the 13th Five-year Plan (13 FYP) period and beyond, permeating all areas and all aspects of economic and social development. Inasmuch as the 13 FYP period is a crucial stage of transition from old to new growth drivers in China’s economy, “green development” could well be a new momentum in effecting sustained economic growth, transformation and upgrading.

Supply-side reforms will be the main theme under which the concepts of green development will foster transformation that results in an all-win situation in the development of the economy, the environment and society. The precise implementation of supply-side policies involving green consumption and green exports will impart a green momentum in China’s economic development. As a new economic growth point, the green sector will not only lift China’s economy away from the doldrums of downturn towards a mid-to high-end future, but will also promote the overall improvement of China’s ecological environment quality.

Against such a backdrop, the Institute of Green Economy is hosting the Green Economic Development Workshop 2017 as a way to further promote the healthy development of green economic undertakings. The theme of the workshop is “Green Economy”.


Moderator

  • Ms Shen Xiaogen
    Deputy Director, Data & Visualisation Lab, People’s Daily Media Innovation

Speakers

  • Mr Liu Yanhua
    Counsellor, The State Council of the People's Republic of China
  • Mr Cai Esheng
    Former Vice Chairman, China Banking Regulatory Commission
  • Mr Mao Jun
    Chair of Investment Banking Committee, BOC International (China) Limited
  • Mr Yuan Chunshen
    General Manager, Capital Operation Department, Zhuhai Yinlong Energy Co., Ltd
Concurrent Workshop: China-India Economic Partnership
Sponsored by:

With a combined population of 2.4 billion and huge increases in bilateral trade and investments, China and India are poised to become the leading economies of the 21st century.

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi had met frequently in the past few years to discuss initiatives aimed at boosting bilateral trade and investments. Both countries are already strategic partners in many important international initiatives, such as the New Development Bank and the Asian Infrastructure Investment Bank. However, many mutual market access issues remain. What are the challenges and opportunities for Chinese and Indian businesses? What are the sectors that will benefit most from such a close economic partnership and integration between the two major powers?


Welcome Remarks

  • Ms Jenny Koo
    Director, Service Promotion, Hong Kong Trade Development Council

Moderator

  • Mr Alexander Wan
    Senior Advisor, China Daily Asia Pacific

Speakers

  • Mr Puneet Agrawal
    Consul-General, Consulate General of India to Hong Kong SAR and Macau SAR
  • Mr Ashwani Goel
    Head and General Manager, TATA South-East Asia
  • Mr Vivek Pathak
    Director, East Asia & the Pacific, International Finance Corporation
  • Ms Jing Ulrich
    Managing Director and Vice Chairman of Asia Pacific, J.P. Morgan Chase & Co.
Coffee Break
Concurrent Workshop: Infrastructure Financing in Asia: Prospects and Challenges
Sponsored by:
Financial Services and the Treasury Bureau, The Government of the Hong Kong Special Administrative Region of the People’s Republic of China
Hong Kong Monetary Authority Infrastructure Financing Facilitation Office
Hong Kong Trade Development Council

Panel Chair

  • Mr Norman T. L. Chan, GBS, JP
    Chief Executive, Hong Kong Monetary Authority

Speakers

  • Dr Kairat Kelimbetov
    Governor of Astana International Financial Centre, Kazakhstan
  • Ms Suyi Kim
    Managing Director, Head of Asia Pacific, Canada Pension Plan Investment Board
  • Mr Geert Peeters
    Executive Director & Chief Financial Officer, CLP Holdings Limited
  • Mr Gordon French
    Group General Manager and Head of Global Banking & Markets, Asia Pacific, HSBC
  • Mr Ben Way
    Chief Executive Officer, Macquarie Group Asia
  • Mr Liu Jian
    Director General, Department of International Economic Relations, Ministry of Finance, The People’s Republic of China
Concurrent Workshop: Year Ahead 2017
Sponsored by:

Markets keep rising, but global economic problems remain. The US presidential election result was not what investors expected. Could the prospect of a major fiscal boost from a Trump public investment and tax cut package outweigh any negative policy uncertainty effects? In the post-US election era, will investors turn to Asia for the relatively compelling economics fundamentals and outlook? Is a “reset” for markets overdue? The UBS workshop aims to help make sense of the markets from a private investor's perspective and how to best position your portfolio in the face of the risks and opportunities.


Moderator

  • Mr Eric Tang
    Head Distribution Management Greater China, Investment Products and Services, UBS Wealth Management

Speakers

  • Mr Thomas Deng
    Managing Director, Regional CIO Greater China & Chief China Strategist, UBS CIO Wealth Management
  • Mr Gordon Ip
    Head of Fixed Income, Value Partners Limited
  • Mr Dominic Schnider
    Managing Director, Head Commodities & Head APAC Forex, UBS CIO Wealth Management
Concurrent Workshop: Future of Fintech: Crossover, Convergence, Remoulding
Sponsored by:

The global economy underwent substantial changes in 2016, and the Chinese economy entered the New Normal after rapid growth in the past three decades. Financial technology, or fintech, represented by block chain technology, has become the new spotlight and attracted widespread attention. Yicai Hong Kong Financial Forum will engage government officials, research institutes, financial institutions and internet companies in discussions about the roots and future development of the fintech market.

As the nucleus of economic development, finance is at the core of modern economies and plays an important role in the implementation of innovation-driven development strategies. With its innovative nature, internet finance brings about new operating models and theories. Furthermore, inclusive online financial services function as supplementary within the Chinese financial system. However, the occurrence of risk events has exposed the mounting risks behind the fintech boom. How to protect the innovative nature of internet finance businesses, and keep risks in check at the same time? What should we do to reach a balance between fintech innovations and risk prevention? What is the approach to fintech regulation adopted by Chinese regulators? What is their stance on fintech regulation?


Welcome Remarks and Moderator

  • Mr Zhou Jiangong
    CEO, Yicai Media Group

Emcee

  • Ms Hang Yu
    Senior Correspondent, International Department, Yicai Media Group

Keynote Address

  • Professor Ba Shusong
    Chief China Economist, Hong Kong Exchanges and Clearing Limited (HKEX)

Speakers

  • Mr James Chang
    China Financial Services Consulting Leader, PwC
  • Mr Liu Bo
    Founder and CEO, Dashu Finance
  • Mr Ni Rongqing
    Vice President and Chief Product Officer, Ping An Puhui
  • Dr Yang Tao
    Assistant to the Director of the Institute of Finance; Director of the Research Base for Industrial Finance; Director of the Research Centre for Payments and Settlements under the Chinese Academy of Social Sciences
Afternoon
Keynote Luncheon
Sponsored by:

The British referendum to exit the EU and Donald Trump’s election victory to become the next US president may well be the top two black swans for the financial markets in 2016. In their wake, a lot of attention is being placed on predicting what could be the next major black swan to impact an increasingly connected global financial market in 2017. Would the Trump presidency not just cloud the US economic outlook, but also radically alter the ways in which the US deals with trading partners and enforces US agreements and treaties? Besides, would the fault lines once hidden in the financial systems of developed economies, considered to be one main catalyst to the Global Financial Crisis of 2008-09, still present a threat to the global financial system despite many years of strenuous government and supranational efforts to address the situation? For the emerging economies, how could they advance banking and financial reforms to promote growth and development, while alleviating stress to economic stability? In view of heightened Fed tightening expectations, would the entrenched strength of US dollar prompt huge capital outflows from the emerging economies, causing sharp currency depreciation and deterioration in macroeconomic stability, reminiscent of the Asian Financial Crisis two decades ago?


Opening Remarks

  • Mr Raymund Chao
    Greater China Chairman, PwC

Moderator

  • Professor Y.C. Richard Wong, SBS, JP
    Professor of Economics, The University of Hong Kong

Speaker

  • Dr Raghuram Rajan
    Distinguished Service Professor of Finance, The University of Chicago Booth School of Business

2:15pm – 2:45pm Opening Keynote

With the US economy gathering further momentum and the Fed making the second policy rate hike since the Great Recession, further normalisation of US interest rates is on the cards. On the other hand, inflationary expectations are mounting with President Trump expected to pursue large-scale infrastructure and fiscal Summariess. US equity, fixed income and commodity markets could become increasingly volatile in 2017 as investors undertake re-pricing of interest rates and risk premium. What would be the impact on emerging markets and other developed markets in anticipation of US interest rate upswings and continued firming of the US dollar? Would global capital outflows be accelerated to heighten volatility and destabilise economic growth? At a time when the Chinese economy is still going through a difficult restructuring process, how would a new Trump government affect US-China economic relations and China's economic prospects?


Moderator

  • Mr K.C. Kwok, BBS, JP
    Honorary Senior Research Fellow, School of Economics & Finance, The University of Hong Kong

Speaker

  • Dr Tao Zhang
    Deputy Managing Director, International Monetary Fund
2:45pm – 3:45pm ASEAN

Investor perception of ASEAN as a competitive FDI location has improved following the launch of the ASEAN Economic Community (AEC) in late 2015. Aside from the continual rise in intra-ASEAN investment, including mergers and acquisitions, inward FDI from six prospective RCEP partners is also on the rise. Increased public spending on infrastructure, along with the growing adoption of public-private partnership, enhances ASEAN’s transport connectivity and its attractiveness in factory relocation and diversification. Vietnam, despite the expected demise of the TPP, Indonesia and Myanmar are attractive manufacturing locations. Policy inclinations of president-elect Trump may have serious implications for trade and financial investment in ASEAN. His championing of increased trade protectionism could deal a blow to export-reliant ASEAN, whose trade with China may also suffer from spillover effects. Trump’s infrastructure plan coupled with tax cuts could trigger inflation, with attendant rate hikes putting pressures on the ASEAN markets and currencies, prompting capital outflow and heightening volatility.


Panel Chair

  • Mr Kok-Weng Sam
    Markets Leader, PwC Singapore

Speakers

  • Mr Nicolas Aguzin
    Managing Director, Asia Pacific Chairman & CEO, J.P. Morgan
  • Mr Stephen P. Groff
    Vice-President for East Asia, Southeast Asia and the Pacific, Asian Development Bank
  • Dr Paul Gruenwald
    Managing Director and Chief Economist, Asia Pacific, S&P Global Ratings
  • Mr Daniel Hui
    Managing Director, China-ASEAN Investment Cooperation Fund

3:45pm – 4:45pm Middle East

With OPEC’s first joint output cut in eight years taking effect in 2017, supported by non-OPEC producers, recent oil price gains feel like they have substance and stability, although further price rises in the immediate future may be questionable. As a result the prospects for the oil exporting nations look better. Saudi Arabia, accepting a big cut in production, has also set its sight on promoting economic diversification, rolling out Vision 2030 in a bid to balance the budget by 2020 and end its oil dependence, while accelerating development of non-oil sectors including health, tourism, infrastructure and construction. After its record global bond sales in 2016, Saudi Arabia is contemplating an Aramco IPO to help create the world’s largest sovereign fund. For Iran, the lifting of UN economic and financial sanctions, if undisrupted, could see its economy accelerating to create new trade and investment opportunities. Fiscal consolidation in the UAE may subdue short-term growth, although it should be back in surplus during 2017 and non-oil sector diversification will continue with it maintaining its position as a world-class retail and logistics hub, a tourist destination and a safe haven in the Middle East. Egypt has had a change in policy direction as a result of the recent IMF support and should be kept under review as having potential for investment.


Panel Chair

  • Mr David Eldon GBS, CBE, JP
    Chairman, HSBC Bank Middle East Limited

Speakers

  • Mr Abbas Husain
    Managing Director and Head of Project & Export Finance, Middle East, North Africa & Pakistan, Standard Chartered Bank
  • Mr Vivek Pathak
    Director, East Asia & the Pacific, International Finance Corporation
Concurrent Workshop: The Impact of Mega Trends in Health and Technology on B2C Interactions
Sponsored by:

This panel session will focus on two key areas – health and technology. We will examine how companies will be affected by these tremendous drivers of change while successfully competing for business in the face of constantly evolving consumer behaviour in this region.

The session will feature a number of senior speakers with credentials in financial services, health and wellness and technology. Together, they will address a range of topical questions, including:

  • Will genomic analysis and genetic profiling be game changers for underwriting?
  • What are the best ways of engaging with customers? And how will this evolve?
  • Does the life insurance industry have to move beyond a typical, rather transactional, relationship with customers?
  • How can life and health insurers companies look to innovate and make themselves relevant to consumers in the years to come?
  • Do healthcare providers and insurers have common goals in moving towards prevention rather than treatment?

Moderator

  • Ms Yvonne Man
    Anchor, Bloomberg TV

Speaker

  • Ms Rosaline Koo
    Founder and CEO, CXA Asia
  • Mr Ben McDermott
    Director of Group Business Strategy and Corporate Development, AIA Group Limited
  • Dr Steven Tucker
    Founder and Medical Director, Tucker Medical, Singapore
  • Dr Derek Yach
    Chief Health Officer, Vitality Group
Concurrent Workshop: The Impact of Mega Trends in Health and Technology on B2C Interactions
Sponsored by:

This session will focus on the way in which Insurance companies have had to innovate to meet their customers rapidly changing needs. It will delve into some highly diverse business models and outline some of the more significant innovations and developments emerging from the insurance industry. The carefully crafted panel of senior executives in the insurance industry will discuss their very different innovation experiences varying from legacy challenges - how you manoeuvre an enormous business through innovation - versus the challenges and benefits of being the “new kid on the block”, to regional business model challenges and the diversity of innovation required for each country’s specific needs. Which model of innovation would work for your business and create value? Are you innovating fast enough to meet your customer’s constantly evolving needs?


Panel Chair

  • Mr Jonathan Zhao
    Asia-Pacific Insurance Leader, Ernst & Young

Speaker

  • Mr David L. Fried
    Chief Executive Officer, Emerging Markets, QBE Insurance Group
  • Mr Keith Perkins
    Chief Transformation Officer, AIA
  • Mr Peter C H Tam
    Chief Executive, Hong Kong Federation of Insurers
  • Mr David Wong
    Chief Executive Officer, Hong Kong & Macau and Executive Vice President, Greater China Region, FWD
  • Mr Jason Yao
    Chief Financial Officer, Ping An Insurance (Group) Company of China, Ltd
Full Day
AFF Deal Flow Matchmaking Session (co-organised with the Hong Kong Venture Capital and Private Equity Association)

A unique deal-sourcing and matchmaking session connecting sources of funds with sources of deals. This platform enables participants to meet with potential business partners from around the world, based on their shared areas of interest. More than 1,400 companies took part in the past editions, including investment project owners, private equity firms, corporate investors, high net-worth individuals and senior professionals from intermediaries and professional services providers.


10:00am – 6:00pm Individual Meetings


Project Presentations
10:00 - 11:45
Food and Agriculture Session
Clean & Manufacturing Technology Session
14:15 – 16:00
Financial Technology Session
Infrastructure Investment Session

Financial & Professional Advisory Services Zone
Service providers offering free onsite consultation services covering fund raising, corporate finance, tax advisory, legal services and other business development issues.

Pre-register on 16 January (Monday), AFF Day 1 to connect with 160+ investors and 300+ projects from across the world.

<Summaries is subject to change without prior notice>