4 November, 2015

2015 CCTV Financial Forum explored the Financial Dynamics under the New Economic Structure

In recent years, as capital market in China impacts the financial ecology of more and more people, the Renminbi becoming an international currency would be imminent. Following the further integration and development of the Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, and mutual recognition of Funds (MRF), bridging the capital markets between the two places, mainland China and Hong Kong, the latest National 13th Five-Year Plan made a point to accentuate the roles Hong Kong and Macau play in the overall Chinese economic development and its policies and relationships towards opening its market to the rest of the world. Amongst the numerous important topics of discussion at the financial forum, how Hong Kong, being an international financial hub ,should play its role in the development under the new structure and how Hong Kong should collaborate with its counterparts in China financially to achieve optimal results creating a win-win situation for both parties has become the focus of the discussion topic at the CCTV financial forum.

Takungpao and CCTV Financial Channel held the 2015 Hong Kong CCTV Financial Forum on 4th November, 2015 at the InterContinental Hotel in Hong Kong. The theme given to the forum was The Financial Relationship under the current World Economic Climate. Guests and speakers with extensive knowledge and expertise in the field of finance and corporations from China and Hong Kong attended the forum. They offered their insights to the Chinese capital market, which is expanding exponentially with both opportunities and possible challenges to be observed and discussed.

Mr. Tsang Chun Wah, Financial Secretary of the HKSAR, Mr. Keung Joy Chung, CEO & President of Ta Kung Pao, Mr Chen Hong Bing, Director Assistant of CCTV Financial Channels all gave speech at the forum. Mr. Tsang Chun Wah, Financial Secretary of the HKSAR, using extensive market data as the backdrop of his speech, addressed the audience about the development of the RMB market offshore trade volume in HK. He further stated that Hong Kong has the optimal capabilities to be the testing field for the internationalization of the RMB currency.

Mr. Qu Hong Bin，Managing director of HSBC Asia Pacific as well as the chief Economist of the Greater China, Mr. Yan Feng, Chairman & CEO of GUOTAI JUNAN, and Mr. Lu Ting, Vice Chairman of Chinese Financial Association of Hong Kong, participated in the discussion and panel session. At the start of the discussion, Mr. Chen Wei Hong, Host of CCTV Financial Channel, engaged the three experts all at once and started depicting the emerging new financial structure by checking what currencies were being carried in the wallets of the three. In the session where the financial experts discussed the new dynamics in relation to corporations, in response to the incisive questions asked by the entrepreneurial founder of BaoTA Petrochemical Group ,the three expert panelists applied their own expertise and professional perspectives to explain how industries can move towards the capital market as well as towards the international market that awaits. The team of three skillfully deflected challenging questions with astonishing responses they received earning rounds of applause from the audience.

Mr Kit Szeto, Director & CEO of Dim Sum TV attended the 2015 Hong Kong CCTV Financial Forum, He mingled with professionals from different industries. He spoke with fellow guests about media matters and the corporate culture of Dim Sum TV.

As the forum approached the end, the speakers and panelists concluded the sessions with four Chinese characters summarizing the following themes: breakthrough, connection, transformation, and expansion. They summarized the 2015 financial outlook of the Chinese financial market. This financial Forum not only assisted in sketching its road map for China’s financial growth and development, it also could act as an agent in the effort of mobilizing more Chinese corporations in becoming international enterprises as well as preparing them with a worldwide perspective mindset in corporate growth and development.

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