IFFO on Belt and Road Financing Opportunities (with photos)
The Hong Kong Monetary Authority (HKMA) Infrastructure Financing Facilitation Office (IFFO) hosted a panel discussion today (September 11) at the Belt and Road Summit today to promote Hong Kong's unique advantages in capturing financing opportunities from the Belt and Road Initiative (BRI). The panel discussion was well received and attended by more than 1 000 overseas and local industry leaders from various sectors.
The panel discussion on "Capturing Infrastructure Investments and Financing Opportunities through Hong Kong" was led by the Group Chairman of the Fung Group and Advisor of the IFFO, Dr Victor Fung, comprising key stakeholders from the public and private sectors including (in alphabetical order of organisation name) the Senior Economist of the Economics and Strategic Planning Department of Bank of China (Hong Kong), Dr Wang Chunxin; the General Manager of the China Hua Neng Group Hong Kong Limited, Mr Chen Xi; the Executive Director (External) of the HKMA and Deputy Director of IFFO, Mr Vincent Lee; the Chief Investment Officer of the International Finance Corporation, Mr Ram Mahidhara; and the Managing Director and Regional Head of Global Banking, Corporate and Institutional Banking, Greater China and North Asia, Standard Chartered Bank, Mr Darcy Lai. The speakers exchanged views on the infrastructure needs and financing opportunities along the Belt and Road, and how Hong Kong can position itself to capture these opportunities.
Dr Fung said, "As an international financial centre with close proximity to the Mainland of China, Hong Kong can serve as a vital gateway to capture Belt and Road financing opportunities. Today's panel has helped us better understand where the financing opportunities as well as challenges are, and how Hong Kong can strengthen its long term competitiveness."
The panel discussion was part of the Belt and Road Summit organised by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council in Hong Kong.
As part of the HKMA, IFFO's mission is to facilitate infrastructure investments and their financing by working with a cluster of key stakeholders. The functions of IFFO are:
- providing a platform for information exchange and experience sharing;
- building capacity and knowledge on infrastructure investments and financing;
- promoting market and product development; and
- facilitating infrastructure investment and financing flows.
By establishing IFFO, the HKMA can play a valuable role as a catalyst in the facilitation of infrastructure investments and their financings with its mandate to promote Hong Kong as an international financial centre.
For more information about IFFO, please visit www.iffo.org.hk.
Ends/Monday, September 11, 2017
Issued at HKT 18:28
Issued at HKT 18:28