IBM is part of an online community that in 2017 is introducing a “network of networks” based on Blockchain or Distributed Ledger Technology that creates distributed, consensus-driven databases for direct transactions. John Wolpert, IBM’s Global Blockchain Offering Director says the so-called Hyperledger Fabric architecture is in the “next wave” and sharing information with top-level financial experts at AFF 2017 has been very useful to him.
Hong Kong is a highly important point of contact for investors in Asia and Russia in both directions said the First Deputy Governor of the Bank of Russia. It comes at a time when Russia’s economy is emerging from recession with stronger global oil prices said Ksenia Yudaeva, speaking on the sidelines of AFF 2017, while China’s Belt and Road Initiative will benefit all countries, including Russia.
Top speakers representing the maritime and air freight sectors spoke of “signs of recovery” beside the Asian Logistics and Maritime Conference 2016 in Hong Kong. Meanwhile, Sultan Ahmed Bin Sulayem, CEO of Dubai’s trade enabling giant DP World, expected Hong Kong to take a leading role in China’s Belt and Road Initiative. Tim Smith, Chairman of Maersk China Limited, said the conference was well run in promoting the industry and Hong Kong. More
Since the global financial crisis started in 2008, economic recovery has been uneven – with 2017 opening to myriad uncertainties which may have a lasting impact on prospects for recovery. Markets are bracing for an end to low interest rates and political change. To explore how the global economy and capital markets may be impacted, the HKTDC spoke with Ding Xuedong, Chairman & CEO of China Investment Corporation, on the sidelines of the 2017 Asian Financial Forum.
With concern about anti-globalisation policies in developed countries medium term, China’s Belt and Road Initiative is an important factor linking Asia together in a multilateral approach, said Dr Raghuram Rajan at AFF 2017. The former Reserve Bank of India Governor also said Hong Kong could act as a super-connector to the Initiative, given important Belt and Road requirements for design, finance and construction management. More
About 85 per cent of China’s domestic requirement for some US$300 billion a year of investments in transitioning to a sustainable environment will come from private sources, said Tim Freshwater, Chairman of Goldman Sachs Asia Bank Limited – and Hong Kong’s international financial status is expected to be vital. Speaking after an AFF 2017 breakfast panel, he said green finance also tied closely into China’s Belt and Road Initiative.
It’s Hong Kong Fashion Week, this time showing Fall/Winter collections. Among 1500 exhibitors were new brands from Italy, Sweden and Pakistan. And Pakistan hosted a pavilion for the first time. Some 15,000 buyers were in town, all dressed up for the mega-event organized by the Hong Kong Trade Development Council.More
Commenting beside the Asian Financial Forum 2017 in Hong Kong, keynote speaker Dr Mohamed El-Erian described China’s Belt and Road Initiative as a supplement to the multilateral trading system, with Hong Kong contributing significantly to the Belt and Road’s development. The Chief Economic Advisor with Allianz also expected the US dollar to strengthen with about three interest rate hikes in 2017 and the prospect of US economic growth. More
The HKTDC Hong Kong Toys and Games Fair 2017 is the biggest event of its kind in Asia and second biggest in the world, providing participants an opportunity to see the latest products and trends, such as the Next Big Wave in STEM toys. STEM Toys involve science, technology, engineering or math and provide education as well as entertainment. More than 2,100 exhibitors from 42 countries and regions display their latest innovative, cutting-edge new products. More
The Shenzhen and Shanghai Stock Connect schemes accommodate the demand for multi-faceted investment opportunities on the Chinese mainland and in Hong Kong, fitting Belt and Road priorities such as Rmb internationalization, says MF Jebsen’s Clifford Wong. He believes the Initiative encourages increased business activities: good for MF Jebsen’s travel industry operations, for example.More