HONG KONG – (ACN Newswire) – This year marks the 40th anniversary of China’s Reform and Opening and it is also the tenth year of the establishment of Chinese Financial Association of Hong Kong (“HCFA”). On this occasion, “China’s Reform and Opening 40th Anniversary Forum & HCFA 10th Anniversary Celebration”, hosted by HCFA, was held today at Four Seasons Hotel in Central, Hong Kong.
The leaders of Hong Kong Government and Liaison Office of the Central People’s Government in Hong Kong SAR; the presidium, directors, consultants and members of HCFA; as well as other professionals in financial industry were invited to the event.
Ms. Carrie Lam Cheng Yuet-ngor, Chief Executive of Hong Kong SAR, also the Chief Honorary Patron of HCFA said she is grateful to the Association for its efforts in promoting the communication between the financial communities in Hong Kong and in Mainland China over the past decade, and for its contribution to the interconnection of the two markets. After 40 years of reform and opening up, China’s economic development has entered a new era. She is confident that Hong Kong will continue to make full use of the unique advantages of “One Country, Two Systems”, maintaining a free and open market, an efficient and transparent regulatory system and an international business environment. Through a series of initiatives, Hong Kong will be able to enhance its competitiveness and promote the economy. Furthermore, Hong Kong will make contributions to the economic modernization of China’s financial system as well as the city’s integration with the international market, and make good use of the needs of the country and the strengths of Hong Kong.
Mr. Paul Chan Mo-po, Financial Secretary of the Government of Hong Kong SAR shared the theme on “Under China’s deepening reform and the recent new era of all-round opening, how Hong Kong can make use of its advantages to serve the country.” He said that many Hong Kong professionals have actively participated in the reform and opening up of the Mainland since the beginning, and have contributed their professional knowledge and experience. He said that Hong Kong is still the largest direct investor in the Mainland and is acting as the bridgehead to introduce international funds to Mainland.
Mr. Leung Chun-ying, Chief Consultant of HCFA and Vice Chairman of The National Committee of the Chinese People’s Political Consultative Conference acted as a guest of honour and delivered a speech at the private luncheon; Ms. Carrie Lam Cheng Yuet-ngor, Chief Executive of Hong Kong SAR attended the event and made a speech as a guest of honour; Mr. Chan Mo-po, Financial Secretary of the Government of Hong Kong SAR delivered a keynote speech as a guest of honour; Mr. Liu An-lin, Chairman of HCFA and Deputy Chairman and President of the China Life Insurance (Overseas) Company Limited gave a speech at the event.
The establishment and development of HCFA closely linked with the prosperity of Mainland and Hong Kong. “Looking back on the past ten years, based on the prosperity of Hong Kong and the development in China, HCFA has strived to prosperity and stability of Hong Kong’s financial industry, building a better platform for interaction and development between the two places. Along with China’s rapid growth and becoming the second largest economy in the world, interaction between Mainland and Hong Kong will be continuously reinforced. It is believed that the implement of China’s strategic plan such as “The Guangdong-Hong Kong-Macao Greater Bay Area”, “Belt and Road Initiative” will bring new benefits to Hong Kong’s economy. Meanwhile, with the unique advantage of “one country, two systems”, which enables Hong Kong’s financial industry to continue to play the role of meeting the country’s demand and maximizing Hong Kong’s strengths, and create opportunities for the development of HCFA.” said Mr. Liu An-lin, Chairman of HCFA and Deputy Chairman and President of the China Life Insurance (Overseas) Company Limited.
There were other guests of honour at the event, including Ms. Qiu Hong, Deputy Director of the Liaison Office of the Central People’s Government in the Hong Kong SAR; Mr. James Henry Lau, Secretary for Financial Services and the Treasury; Mr. Christopher Cheung Wah-fung, member of the Legislative Council of Hong Kong representing the Financial Services constituency in the Hong Kong SAR; Dr. Moses Cheung Mo-chi, Chairman of the Insurance Authority of Hong Kong SAR; Mr. Carlson Tong, Chairman of the Securities and Futures Commission (SFC) ; Prof. Lawrence J. LAU, Ralph and Claire Landau Professor of Economics, The Chinese University of Hong Kong; Sun Xiangyi, Director of Economic Affairs Department, Liaison Office of the Central People’s Government in Hong Kong SAR; and Mr. Lam Kwong-siu, Vice Chairman of BOC International Holdings Limited.
Under the background of the continuous Reform and Opening in Mainland and the development of inter-connected markets between Hong Kong and Mainland, the event reviewed the history of the development of HCFA in the past ten years. At the same time, a round-table discussion forum was arranged during the event, covering issues of “40th Anniversary of China’s Reform and Opening” and hot topics such as “The Guangdong-Hong Kong-Macao Greater Bay Area”, “Belt and Road Initiative”, “New Economy”, and etc. Industry experts and scholars were invited to share their views on these topics.
Dr Zhihuan E, Director of HCFA and Chief Economist of Bank of China (Hong Kong) Limited was invited to be the host of the round-table discussion forum. Chen Shuang JP, Honorary Chairman of HCFA, Executive Director and Chief Executive Officer of China Everbright Limited; Dr. Hu Zhanghong, Honorary Chairman of HCFA, Chairman and Chief Executive Officer of CCB International (Holdings) Limited; Ms Zhang Li, Vice Chairman of HCFA, President of Shanghai Pudong Development Bank Hong Kong Branch; and Prof. Ba Shusong, Chief Economist of HCFA, Chief China Economist of Hong Kong Exchanges and Clearing Limited were the guests at the forum.
China Life Insurance (Overseas) was the honorable strategic partner of HCFA, and China Everbright Bank Co., Ltd., Hong Kong Branch, China Minsheng Banking Corp., Ltd. Hong Kong Branch, Industrial Bank Co., Ltd, Hong Kong Branch and China Cinda (HK) Holdings Company Limited were the platinum strategic partners of HCFA and gave great support towards the event. Friedmann Pacific Asset Management Limited and BWT Group from Germany were the sponsors of the event.
About Chinese Financial Association of Hong Kong
Chinese Financial Association of Hong Kong (“HCFA”) was established on 17 September 2008. After the collapse of Lehman Brothers, which symbolizes the financial crisis, HCFA was established. Since then, it has achieved fruitful results, and its scale and influence have grown steadily, playing an increasingly important role in Hong Kong’s financial industry. In the past ten years, HCFA has always adhered to its principle, uniting people in the financial field who got educated or worked in Mainland, providing advice and strategies for the development of Hong Kong’s financial industry, and contributing to the prosperity of Mainland and Hong Kong.
HCFA organized about 30 events each year, with an average of 2.5 events per month. The number of participants has exceeded 10,000. The guests are prominent figures in the political and business field of Hong Kong. Within 2009, HCFA has published nearly 300 articles in Hong Kong Economic Journal, becoming a media with great influence in financial sector and contributing to the development of Hong Kong’s financial industry. It also successively organized and published five treatises, including “Global New Patter and Hong Kong New Power”, “Big Wave of Internet Finance”, “Bring Together: Financial Cooperation between Hong Kong and Mainland”, “RMB Appreciation: Opportunity for Hong Kong to Build RMB Offshore Center” and “RMB Globalization and Hong Kong New Opportunity”. Those books respectively discussed about the issues that have a great influence on the countries’ economic development pattern. These treaties are other ways of HCFA to promote Hong Kong’s financial industry development and improve Hong Kong financial industry competitiveness.
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