First 15-20 minutes is for networking
Hosted by the Financial Services Committee and Trade & Investment Committee
2014 should be an important year for the Asia Pacific Economic Community (APEC) as it celebrates its 25 th anniversary -- and a landmark year for Hong Kong's role within this group of 28 economies who seek opportunities for enhanced regional economic integration.
China has assumed chairmanship of APEC in 2014. Already there are early signals of a substantial trade and investment reform agenda that will be underpinned by – and give shape to – the market opening plans outlined in last November's Third Party Plenum. Following the important World Trade Organisation breakthrough in Bali in November, which provided the first global trade liberalisation deal in 20 years, the scene is set for China to play an important leadership role in shaping future liberalisation this year through APEC.
For Hong Kong, its 2014 APEC agenda will be significant, in part it will provide Hong Kong with a global stage for highlighting its contributions to services, financial sector reform, and infrastructure building, which are at the top of the APEC agenda.
2014 will see the APEC Finance Ministers presented with the first set of recommendations from the new Asia Pacific Financial Forum (APFF), a regional platform for enhanced public-private collaboration to accelerate the development of robust and integrated financial markets in Asia Pacific. APFF, which is an informal, inclusive and advisory public-private platform for collaboration in developing the region's financial markets, was created by the APEC Business Advisory Council (ABAC) to help identify measures that will enable market participants to direct their commercial activities more effectively to support the development and integration of the region's financial markets, and complement ongoing regional and international initiatives and enhance synergy among them.
Anthony Nightingale, Hong Kong's long-standing APEC Business Advisory Council member, will share insights into the APEC 2014 agenda, the leadership of China as Chair and the role that Hong Kong is playing in APEC to encourage liberalisation. He will also explain the current work program of the APFF and identify opportunities for industry participation in the current work streams, including on financial market infrastructure and cross-border practices, insurance, trade finance and capital markets. It's a timely chance to understand from an ABAC leader how APEC 2014 will affect – and provide opportunities – for AmCham members in Hong Kong.