Hong Kong’s Role in BRI Financing
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| Issue #109 (Nov - Dec 2019) |
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Cover Story
Hong Kong’s Role in BRI Financing
The Belt & Road Initiative is an ambitious vision to build infrastructure, increase trade, develop economic cooperation and boost prosperity across a range of countries on the Land Belt and the Maritime Road. Today the number of countries informally part of this initiative comes to 152 and now includes the Americas. The more the Belt & Road Initiative rolls out, the more Hong Kong’s finance capabilities, in the form of structured and interlinked banks, bonds and equity structures, will understand, manage and embrace the risk. Hong Kong is at the forefront of developing creative financing and risk management structures. It has set up the Infrastructure Financing Facilitation Office (“IFFO”) under the Hong Kong Monetary Authority and the Belt & Road Insurance Exchange Facilitation (“BRIEF”) under the Insurance Authority. The Hong Kong Stock Exchange now also permits the listing of “newly formed project companies” formed, for example to construct a major infrastructure project.
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Thought Leaders
Paving the Road for the New Banking Era
As the Executive Director and Chief Executive Officer of Standard Chartered Hong Kong (“Standard Chartered”) and a Vice President of HKIB’s Council, Ms Mary HUEN is swift in adopting the experiences from different roles she has assumed throughout her 28-year career with the bank, to keep up with the transformation of the industry from the ground level. She is leading her team to embark on a new chapter by building a whole new venture to deliver a series of innovative products to the market. In this exclusive interview with Ms HUEN, she walks us through her career path, which is well-aligned with the banking industry transformation, and dispenses her wisdom concerning the ways she guides her team through a progressive transition towards the new banking era.
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The HKIB Annual Banking Confernece 2019
New Opportunites, New Future
On 26 September 2019, the highly anticipated 11th HKIB Annual Banking Conference, returned with the theme “The New Future of Banking and Bankers – Greater Bay Area and Digitalisation”, attracting over 800 delegates to gather and network, learn and exchange ideas on the latest challenges and opportunities of the banking industry.
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Knowledge Plus
AI Paves the Road to Smart Banking
Today AI is transforming the banking and financial services industry, allowing institutions
to better understand individual customer needs and offer innovative products and services as well as improve customer experiences through hyper personalisation. AI proves insights into operations so that institutions can rethink, redesign, and optimise processes and flows to improve productivity.
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China World
Navigating the Financial Stability and Wellness of the World’s Second Largest Economy
In 2008-2009, the world’s economy was at the brink of a spectacular crash. Like the 1930 Great Depression, the global financial crisis over a decade ago originated in the US. It took the joint efforts of the G20 countries and swift action of central banks across the world to defuse the situation. Achieving financial stability has since become a paramount and quintessential priority for any country’s financial system. It takes enormous acumen, great skill and foresight to achieve this goal because experience over the last century indicate that financial crises are hard to predict and even harder to manage and stablise once they manifest.
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