2020 has certainly been a challenging year. The COVID-19 pandemic not only posed an immense threat to the health and vitality of the global populace, it also brought about far-reaching disruptions to the global markets as well as accentuated the need for reshaping economic and social dynamics. The AFF, as Asia’s premier forum for global leaders in government, finance and business at the beginning of each year, is uniquely positioned for examining the challenges at hand and strategising the road to recovery and beyond.
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Strengths in technology and innovation have helped Hong Kong successfully contain the COVID-19 outbreak and cope with its related impact. Businesses are quickly evolved to introduce innovative solutions, thanks to our well-established ecosystem of abundant capital, excellent research capabilities, international talents, and stringent intellectual property protection.
HK is an integral part of the international financial system: for example, the US securities supervisor has an enforcement agreement with Hong Kong; the territory is on the oversight board of CLS, a global currency-settlement platform backed by the Federal Reserve which deals in Hong Kong’s currency, among others. Most bank supervisors and risk officers treat a counterparty in Hong Kong like one in Heidelberg.
Hong Kong Trade Development Council (HKTDC) are embarking on a series of pre-event webinars to drive awareness of, and interest in, some of the key issues that will be covered at the Asian Financial Forum 2021.
During the past few months, various industries adopted technologies to tackle the drastic changes brought by the global pandemic. The outbreak of COVID-19 also sparked a wave of innovation to solve daily life challenges.
Nurturing start-ups and engaging the start-up community is one of the core directions of the Federation and the HKTDC. Local start-up companies have come up with excellent ideas in various aspects with the staunch support from the HKSAR Government and respective local institutions.
The COVID-19 might have been heavily disrupted our daily lives and businesses over the past few months. However, every cloud has a silver lining. As the pandemic gradually being slow down, it is time to get prepare for upcoming business opportunities in different markets.