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15 December, 2014
Challenges and Opportunities - 2014 CCTV Financial Forum Held In Hong Kong
On November 15, 2014, the CPC adopted The Decision on Major Issues Concerning Comprehensively Deepening Reforms. The decision encompasses a clear strategy for fine-tuning the financial market infrastructure that attracted global attention. With the implementation of Shanghai-Hong Kong Stock Connect and the deposit guarantee system on the mainland, China’s financial reforms have taken another major step forward. What role will Hong Kong, with its large pool of international human resources, play in this ongoing evolution? In a market environment rife with challenges and opportunities, how should China’s and Hong Kong economies collaborate and complement each other? These are topics that call for closer examination.
“2014 Financial Forum • Hong Kong”, jointly organized by Ta Kung Pao and CCTV Financial Channels, was held on December 15. The theme of the forum was “Challenges and Opportunities: China’s Financial Reform”. On that day, financial professionals, academics and entrepreneurs from both sides of the border converged on the InterContinental Hong Kong to brainstorm on the issues surrounding the deepening financial reforms.
Mr. Tsang Chun Wah, Financial Secretary of the HKSAR, speaking at the forum.
Mr. Tsang Chun Wah, Financial Secretary of the HKSAR, and Mr. Keung Joy Chung, CEO & President of Ta Kung Pao, took the podium to set the tone of the forum. Mr. Tsang said that, as China’s window to the world, Hong Kong has a well-developed legal system and a financial infrastructure with both breadth and depth. These assets have made it the main conduit for foreign capital entering the mainland. Mr. Keung pointed out that the financial industry is at the core of the deepening reforms. At this important juncture in the development of China’s financial system, the annual forum provided a broad cross-section of the financial world with a platform for in-depth discussion and exchanges.
Mr. Kit Szeto with other guests at the forum.
Among the guests at the forum was Mr. Kit Szeto, Director & CEO of Dim Sum TV, who spoke at length with many other attendees and introduced them to the TV network’s corporate culture.
Mr. Kit Szeto exchanging views with Mr. Keung Joy Chung, CEO & President of Ta Kung Pao.
The forum was as serious as it was lively, with experts offering insights and witticisms galore on a series of topics including Shanghai-Hong Kong Stock Connect, the deposit guarantee system, the exchange rate of the Hong Kong dollar, and the future directions of China’s economy. The four panel speakers, in particular, were engaged in an engrossing dialogue that was punctuated by applause from an appreciative audience. When the hosts opened the floor for questions, mainland entrepreneurs asked the experts on stage for advice on growing their businesses. The unique perspectives on entrepreneurial development strategy offered by the experts in response pushed the forum to a climax.
Mr. Kit Szeto with Ms. Han Qing, Deputy Director of CCTV Financial Channels.
The forum was exuberant and engaging.
The forum concluded with 4 key words characterizing China’s financial reforms in 2014: Kai (open), Tong (connect), Fang (liberalize), Zhong (prioritize). Everyone agreed that, with 2015 just around the corner, new ideas and possibilities are looming on the horizon. The forum not only provided China’s economic restructuring with new input, but also gave useful points of reference to Chinese enterprises on the road to innovation and success . What does the future hold for China’s economy? We all have something to look forward to.
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