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29 July, 2016
Round-table Forum Probes the Economic Impact of Brexit on China and Asia
Business and academic elites gathered in a round-table forum to exchange ideas about the “Economic Impact of Brexit on China and Asia” on 29 July at the Admiralty Learning Centre of HKU School of Professional and Continuing Education. The event was organized by the China Daily Asia Leadership Roundtable, and Dim Sum TV was invited to attend the occasion.
Guests attended at the forum: (From left) Mr Savid Dodwell, Executive Director of Hong Kong-APEC Trade Policy Study Group; Tan Sri Dato’ Dr. Michael Yeoh, Co-Founder and Chief Executive Officer of The Asian Strategy & Leadership Institute (ASLI), Ms. Jo Hawley, Director of Trade and Investment, Hong Kong & Macao, British Consulate-General; Mr Zhou Li, Editorial Board Member of China Daily Group of Publisher & Editor-in-Chief of China Daily Asia Pacific; Prof. Edward K. Y. CHEN, President, Qianhai Institute for Innovative Research; Mr. TSE Kwok Leung, Head of Economics & Policy Research, Bank of China (Hong Kong) Limited.
Discussions spotlighting economic impact of Brexit on Hong Kong
Five distinguished guests shared with audience their own perspectives on how the withdrawal of the United Kingdom from the European Union (termed as “Brexit” for the issue) would affect the economic situation of Hong Kong and China under the context of changing trends in Asia’s economy. It is was felt that Hong Kong as the second-largest trading partner of Europe would experience certain repercussions for its market.
Ms. Jo Hawley, Director of Trade and Investment, Hong Kong & Macao, British Consulate-General saw that after Brexit, the devaluation of the UK pound would provide greater opportunities for investments in Britain. Prof. Edward K. Y. CHEN, President, Qianhai Institute for Innovative Research felt that more opportunities for economic development would emerge after Brexit and that would benefit the Asian markets. Mr. TSE Kwok Leung, Head of Economics & Policy Research, Bank of China (Hong Kong) Limited, on the economic impact of Brexit, said “The economic relations between Hong Kong and the UK would be much tighter than before, and its position as offshore RMB center would also be strengthened.”
Audience invited to the forum are absorbed in the discussions.
The China Daily Asia Leadership Roundtable is a high-level platform for dialogues and exchanges organized by the political, academic and business sectors from Asian countries. Forums held on various important issues concerning the economic, commercial and social trends and development in Asia are conducted regularly. There have been over 40 forums organized so far.
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