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7th Asian Financial Forum opens in Hong Kong

English.news.cn   2014-01-13 13:17:03            

HONG KONG, Jan. 13 (Xinhua) -- More than 2,400 business leaders and senior government officials from around the world shared their insights on major Asian economic issues at the Seventh Asian Financial Forum, which opened here Monday and continues through Tuesday.

Themed "Asia: Powering World Growth," this year's forum will focus on Asia's fast-expanding role in the global economy.

"Asia has proven to be vital -- to the global economy and world financial system, and to your business bottom line," said Jack So, chairman of Hong Kong Trade Development Council.

"Led by the Chinese mainland and, increasingly, Southeast Asian nations, this region has emerged in recent years as the world's economic and financial engine," he said.

With the global economy continuing to shift to the east, prospects on the Chinese mainland and the entire Asian region are expected to dominate the two-day forum.

Hong Kong Chief Executive CY Leung underlined Hong Kong's key role in China's economy and the globalization of renminbi.

"Hong Kong is an ideal connector of people and markets from east and west. The city has become the world's largest offshore RMB center. Four out of every 5 yuan traded offshore are traded in Hong Kong," Leung said.

China's currency liberalization is not just a national or regional trend. It is a global trend. Hong Kong will continue to play a major part in developing and expanding renminbi business around the world, he added.

Prominent speakers at this year's event also include President of the Eurogroup and the Netherlands' Minister of Finance Jeroen Dijsselbloem, Deputy Finance Minister of Russia Alexey Moiseev and President of the Asian Development Bank Takehiko Nakao.

Editor: Yang Yi
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