FWD Group Holdings Limited(FWD Group or FWD) today announced a three-year extension of its partnership with JA (Junior Achievement) Worldwide – a youth-focused charity and Nobel Peace Prize 2025 nominee – to reach 40,000 more students across Asia by the end of 2027 with its award-winning financial literacy programme.
The JA SparktheDream programme gives students aged from nine years old to early teens financial education that’s integrated with social and life skills. It does this via a range of engaging learning experiences such as interactive games, digital activities, and classroom sessions supported by FWD volunteers in eight markets across Asia. In the next phase from 2025-2027, the goal is to educate another 40,000 students, engage more parents and teachers, and introduce new programmes to foster mental health resilience skills.
Cathy Knezevic, Group Chief Corporate Affairs Officer, FWD Group said, “Children are the most important asset any community has – they’re our inspiration, future leaders and innovators. We know that financial literacy helps people to make better decisions for their future, empowering them to celebrate living. It’s also an important enabler for long-term economic and social development in the community. That’s why we’re delighted to continue our partnership with JA. We want to help more children to gain these skills early in life, to support their well-being later in life.”
From 2022-2024, the FWD Group partnership with JA Asia Pacific – the regional operating centre of JA Worldwide – reached more than 37,000 students, exceeding the initial target by 49 per cent. Among participants, 88 per cent gained an understanding of money’s role in daily life, while 80 per cent developed a greater awareness of community needs. Over 1,650 students also participated in the JA SparktheDream Social Challenge where they put their new skills and creativity into practice to solve real-world challenges in their communities.
Asheesh Advani, Chief Executive Officer, JA Worldwide said, “Our partnership with FWD has provided tens of thousands of students with access to practical and impactful financial education. As we embark on this next phase, we look forward to deepening our impact and enabling even more young people to become financially capable and socially conscious individuals.”
FWD Group co-created the JA SparktheDream programme with JA, successfully piloted it in Hong Kong SAR and Singapore in 2022 and expanded it to eight markets – Hong Kong SAR; Indonesia; Japan; Malaysia; the Philippines; Singapore; Thailand; and Vietnam – in its first three years from 2022-2024. The programme included almost 900 classes, supported by over 800 FWD employee volunteers.
JA SparktheDream was recognised with a Silver Award in the 2023 Investor and Financial Education Awards from the Investor and Financial Education Council in Hong Kong SAR; a Bronze Stevie® Award at the Asia-Pacific Stevie® Awards 2024 for Innovative Achievement in Corporate Social Responsibility in the Philippines; and a Special Mention in the 2024 Bisnis Indonesia Corporate Social Responsibility Awards in Indonesia.
About FWD Group FWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. For more information, please visit www.fwd.com
About JA Asia Pacific JA Asia Pacific, a regional operating centre of JA Worldwide, empowers young people with the skillset and mindset to build thriving communities—and to actively shape it. As the voice of a region that holds 60% of the world’s youth, JA Asia Pacific delivers real-world learning in work readiness, financial literacy, and entrepreneurship—preparing young people not just for the jobs of tomorrow, but to create them. With a network spanning 17 countries and territories, we connect students to the global economy through hands-on experiences that spark innovation, grow resilience, and build purpose-driven leadership. Backed by over a century of global impact, JA is building the future of work, one young person at a time.
To learn more, visit jaasiapacific.org or follow on social media @JAAsiaPacific
About JA Worldwide As one of the world’s largest and most-impactful youth-serving NGOs, JA Worldwide provides hands on, immersive learning in entrepreneurship, work readiness, and financial health. By partnering with 700,000+ business volunteers and teachers in 118 countries, JA Worldwide delivers more than 19 million student experiences each year—leveraging our scale, expertise, and passion to build a boundless future for the next generation. Visit jaworldwide.org
The insurance industry, serving as an economic shock absorber and social stabilizer, plays a crucial role in the national economic system. Last year, the “Several Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-quality Development of the Insurance Industry” required the insurance industry to firmly establish a people-centered development philosophy. Sunshine Insurance (6963.HK) actively practices the service concept of “Insurance for the People”, continuously deepens the value orientation of “putting people at the center”, and implements it as practical measures of “putting customers at the center”, creating the “Intimate Sunshine” strategy to drive its own high-quality development.
Performance data shows that in 2024, Sunshine Insurance continued its good growth momentum, achieving a total premium income of RMB 128.38 billion, an increase of 8.0% year-on-year. The net profit attributable to the shareholders of the parent company was RMB 5.45 billion, an increase of 45.8% year-on-year. The value creation ability continued to strengthen, and the embedded value increased by 11.2% compared with the end of the previous year, reaching RMB 115.76 billion.
Fully Implementing the “Intimate Sunshine” Strategy and Effectively Improving Customer Management Capabilities
Centered around the “Intimate Sunshine”, Sunshine Insurance takes the customer service principle of “Three Hearts and Four Characteristics” as the benchmark and the “Vertical and Horizontal Partners” strategic plan as the fundamental approach, actively promoting the full implementation of the customer strategy and effectively improving customer management capabilities. In 2024, the number of effective customers of the group reached 30.19 million.
Sunshine Life Insurance, focusing on the “Vertical and Horizontal Plan” and the “Three/Five/Seven” product system, refines and perfects the customer classification management system, continuously enriches and optimizes the product supply, and comprehensively grasps the changes in customer needs throughout the entire life cycle. In 2024, the management of medium and high-end customers steadily improved. The number of customers with the cumulative first-year standard premium of effective policies of RMB 150,000 and above increased by 22.7%, and the number of customers with the cumulative first-year standard premium of effective policies of RMB 50,000 and above increased by 18.2%, demonstrating the effectiveness of precise stratified management.
Sunshine Property Insurance adheres to the concept of “Everything for Customers”. For individual customers, it optimizes the differentiated customer group management system with the help of technological means, precisely provides product services, and enhances customer stickiness. In 2024, the premium of the private car business grew by 5.4%, and its proportion increased by 2.0 percentage points, while the proportion of the target customer group increased by 14.1 percentage points. For corporate customers, it deepens the “Partnership Action” risk management service and improves the risk management service capabilities in industries such as hotels and warehousing. In 2024, it provided scientific and technological loss reduction and professional risk consulting services to more than 15,000 corporate customers. The number of hotel customers increased by 54.7% year-on-year, and the renewal rate of service customers upon expiration reached 97.0%.
Always Upholding the Service of the Real Economy and Polishing the “Insurance for the People” Foundation
Putting people at the center is not only about putting customers at the center but also about actively supporting national strategies. Sunshine Insurance regards serving the real economy as an important starting point of “Insurance for the People”. In 2024, it provided risk protection of RMB 71 trillion for the real economy and provided capital support of more than RMB 463.1 billion.
Focusing on the needs of small and micro enterprises, Sunshine Insurance provides differentiated and customized product services, providing risk protection of more than RMB 412.8 billion for about 39,000 small and micro enterprises. In terms of “Rural Revitalization”, the company has increased comprehensive insurance support in multiple fields, providing agricultural risk protection of RMB 53.5 billion and paying out agricultural insurance claims of RMB 670 million. In terms of serving opening up to the outside world, it provided a risk coverage of about RMB 113.5 billion for more than 600 projects under the Belt and Road Initiative. In terms of scientific and technological innovation, it provided risk protection of about RMB 41.3 billion for scientific and technological innovation enterprises. In addition, the company closely adheres to the “Double Carbon” goal, promotes the green transformation of the economy, provides green insurance risk protection of nearly RMB 16 trillion, and the balance of sustainable investment exceeds RMB 58 billion.
With the increasing awareness of social insurance, the continuous release of policy dividends, the continuous enhancement of the public’s insurance literacy, and the gradual maturity of consumers’ risk awareness, a good foundation has been provided for the development of the insurance industry. In the future, Sunshine Insurance will continue to adhere to its original intention of providing protection for the people, deepen and solidify customer management, fulfill its industry mission, contribute more Sunshine power to the construction of a financial powerhouse, and take more solid steps on the road of serving people’s better lives.
On the evening of March 21, Bank of Chongqing Co., Ltd. (Stock Codes: 601963.SH, 01963.HK, hereinafter referred to as BCQ or the Bank) released its 2024 Annual Report. During the reporting period, BCQ recorded operating income of RMB13.679 billion, a year-on-year (YoY) increase of 3.54%, and net profit of RMB5.521 billion, up 5.59% YoY. Net profit attributable to shareholders reached RMB5.117 billion, marking a YoY growth of 3.80%. Basic earnings per share (EPS) stood at RMB1.38.
To enhance shareholder returns, the Bank proposed a final dividend of RMB2.48 per 10 shares (tax inclusive) for 2024. Dividend payments continued to demonstrate greater stability, sustainability, and predictability. The cash dividend payout ratio reached 30.01% in 2024, maintaining a five-year streak above 30% since the Bank’s A-share listing.
Net Profit Attributable to Shareholders Exceeds RMB5 Billion, Asset Quality Continues to Improve
Against a backdrop of global economic complexity, China’s economy demonstrated resilience and vitality through steady progress in 2024. As a key regional financial institution, BCQ remained committed to advancing the “Five Key Areas in Financial Sector”—technology finance, green finance, inclusive finance, pension finance, and digital finance. By adhering to strategic directives, the Bank deepened its regional footprint, optimized its service offerings, expanded asset deployment, and reinforced liability management, steadily progressing toward high-quality development.
By the end of 2024, BCQ’s total loans reached RMB440.616 billion, a 12.13% increase YoY, while total deposits rose 14.30% YoY to RMB474.117 billion.
In terms of profitability, the Bank achieved operating income of RMB13.679 billion (+3.54% YoY) and net profit attributable to shareholders of RMB5.117 billion (+3.80% YoY), both hitting record highs since its 2021 listing.
Within the framework of high-quality development, BCQ refined capital management and executed external capital replenishment initiatives, driving steady improvements across capital adequacy ratios. As of December 31, 2024, the Bank’s Core Tier 1 Capital Adequacy Ratio stood at 9.88%, Tier 1 Capital Adequacy Ratio at 11.20%, and Total Capital Adequacy Ratio at 14.46%, representing increases of 0.10, 0.04, and 1.09 percentage points, respectively, from the prior year. These metrics not only meet regulatory requirements but also bolster risk resilience and provide a solid capital foundation for business expansion.
The Bank’s non-performing loan (NPL) ratio declined to 1.25% by the end of 2024, the lowest level in five years. The special-mention loan ratio dropped to 2.64%, down 0.72 percentage points YoY, while the overdue loan ratio fell to 1.73%, a 0.22 percentage point reduction YoY. Additionally, the loan loss provision coverage ratio rose for the second consecutive year to 245.08%, up 10.90 percentage points, reinforcing financial security.
Proactively Aligns with National Strategies, Multi-Tiered Services Empower the Chengdu-Chongqing Twin-City Economic Circle
As the first city commercial bank in Western China to achieve dual “A/H” listings, BCQ leverages its robust capabilities to serve markets across one municipality (Chongqing) and three provinces (Sichuan, Guizhou, Shaanxi). In 2024, the Bank seized strategic opportunities including the Chengdu-Chongqing Twin-City Economic Circle, New Western Land-Sea Corridor, and Rural Revitalization, cementing its differentiated competitive edge.
During the reporting period, BCQ extended RMB40 billion in incremental credit to the Chengdu-Chongqing Twin-City Economic Circle, supported the New Western Land-Sea Corridor with RMB20 billion in additional business volume. The Bank’s issuance and outstanding balance of foreign currency bonds ranked among the top regional legal person banks in Western China.
By adhering to a differentiated development strategy, BCQ leveraged its status as a legal-person bank and its strengths in inclusive finance, green finance, and other specialized sectors, to promote the “Five Key Areas in Financial Sector”. In 2024, the Bank’s outstanding loans in technology, green projects, inclusive finance, and medium-to-long-term manufacturing grew by 32%, 40%, 22%, and 25%, respectively, injecting momentum into regional economic growth.
In manufacturing finance, since 2024, the Bank has supported over 250 major projects through product innovation, channel expansion, and service optimization, including the Chengdu-Chongqing High-Speed Railway and Metro Line 15, with credit volume surging over 150% YoY. BCQ also provided RMB150 billion in credit to industries and infrastructure within the Chengdu-Chongqing Twin-City Economic Circle.
For inclusive finance, the Bank refined its product ecosystem to empower small and micro businesses, individual businesses, and agricultural business entities. Under the “dual growth” framework, its outstanding inclusive micro and small loans reached RMB61.068 billion, up RMB10.822 billion YoY, while agriculture-related loans rose to RMB44.782 billion, up 15.40% YoY or RMB5.975 billion from 2023.
As 2025 marks the conclusion of China’s 14th Five-Year Plan, BCQ pledges to strengthen strategic leadership, seize policy opportunities, accelerate transformation, and advance toward a “trillion-yuan” scale through reform, innovation, and relentless effort. The Bank aims to deliver superior financial services, enhance shareholder value, and contribute more meaningfully to regional economic and social development.
Union Bank of the Philippines (PHS: UBP) has been awarded with the Best Wealth Management Bank in the Philippines, at the 2025 Global Excellence in Retail Finance Awards, held in February by The Asian Banker. A testament to its strategic vision, innovative wealth solutions, and unwavering commitment to financial excellence, this accolade underscores UnionBank’s success in redefining the wealth management landscape through digital innovation, strategic acquisitions, and customer-centric investment solutions.
Setting a New Benchmark in Wealth Management
“UnionBank has strengthened its affluent banking proposition by seamlessly integrating the acquired Citi wealth business, further enhancing its ability to serve a diverse spectrum of wealth clients. From emerging affluent individuals to high-net-worth investors, the bank has introduced a transformative approach to wealth management, providing tailored solutions that cater to clients’ evolving financial needs,” read The Asian Banker’s citation at the Awards, held this year in Tokyo, Japan.
“For its successful integration of acquired expertise, relentless commitment to financial innovation, and dedication to delivering sophisticated wealth solutions, UnionBank is honored with the title of Best Wealth Management Bank in the Philippines. This recognition reflects the bank’s mission to empower Filipinos in achieving their financial goals through world-class wealth management services.”
Introducing Elite and Access: A New Era in Wealth Solutions
A key milestone in UnionBank’s wealth management evolution is the launc of Elite and Access, two pioneering programs designed to provide tiered wealth solutions:
* Access is tailored for emerging affluent clients, offering seamless digital wealth tools and an extensive suite of investment products. * Elite is designed for high-net-worth investors, delivering bespoke financial planning, exclusive global investment opportunities, and dedicated relationship management.
These programs redefine financial accessibility and personalization, ensuring that clients receive the right level of support, expertise, and product offerings based on their financial standing and aspirations.
“We thank The Asian Banker for recognizing our unwavering commitment to excellence, innovation, and, most importantly, our clients. At UnionBank wealth management is about building trust, securing futures, and creating opportunities.” said UnionBank Wealth and Brokerage Head and Board Director of UB Financial Services and Insurance Brokerage Inc. (UFSI), Therese Chan.
“The strategies we craft and solution we provide are driven by our dedication to helping our clients achieve their financial goals. We remain committed to setting new standards in wealth management and empowering more people to build a stronger financial future.” continued Ms Chan.
UnionBank’s ability to serve a diverse spectrum of wealth clients is further bolstered by its world-class Wealth Center, which was unveiled to the media on the same day it received the prestigious Asian Banker Award.
Digital Innovation Meets Global Investment Access
UnionBank continues to lead the industry with its enhanced digital wealth platform, allowing clients to diversify their portfolios with global investment products—without the need for offshore accounts. This innovation ensures that clients can securely access a world of investment opportunities from the convenience of a seamless, digital-first banking experience.
By blending cutting-edge technology with highly personalized advisory services, UnionBank has solidified its position as the preferred financial partner for wealth clients across the Philippines. The bank’s dedication to innovation, accessibility, and global investment integration has set a new gold standard in the country’s wealth management sector.
As UnionBank continues to drive financial excellence and innovation, it remains steadfast in its vision to elevate wealth management in the Philippines—paving the way for a smarter, more inclusive financial future to help clients build, grow, and protect their wealth.
Leading regional insurtech Igloo enters 2025 with a strong push, launching new partnerships, introducing new products with existing partners across the region, and appointing a Chief Distribution Officer to grow its embedded insurance and sales intermediaries business lines.
Sasitharan Krishnan, Chief Distribution Officer, Igloo
New and enhanced partnerships with leading brands
Building on their collaboration in 2024, Igloo and Salmon are strengthening their partnership in 2025 with the launch of Gadget Protection in the Philippines. This new offering will cover device repairs and replacements for gadgets purchased through Salmon’s platform, complementing their existing loan protection coverage, which safeguards repayments in case of unforeseen incidents.
Similarly, Igloo’s partnership with Skyro, which introduced Gadget Protection and Loan Protection last year, is expanding in 2025 with the introduction of Goods Protection. Through this new product, home furniture, clothing, auto accessories, and even toys can now be protected from the same everyday risks.
As access to credit remains a challenge in the Philippines, consumer finance platforms like Salmon and Skyro provide financial and insurance access to underbanked and unbanked segments. These platforms currently serve an estimated 300,000 Filipinos.
Igloo continues to strengthen its ties with Shopee in the Philippines, launching its fifth product, Goods Protection to its existing suite. Since 2022, the partnership has facilitated over 16.9 million protection plans across product lines with Shopee’s 56 million monthly visitors.
Underwritten by SeaInsure, Goods Protection covers eligible items purchased on the platform — such as electronics accessories, vehicle spare parts, baby gear, and office supplies — that suffer total loss or damage due to accidents like fire, collision, falls, liquid damage, or being run over.
In Indonesia, Igloo has two new partnerships under its belt — with leading fintech company Akulaku, and consumer finance platform Kredivo. With the former, gadget protection service underwritten by Victoria Insurance, covers repairs and replacements for gadgets purchased on the platform with a one-year coverage period. With smartphone users expected to reach 249.95 million by 2029, this service meets the growing demand for reliable device protection in the country’s increasingly digital market.
Igloo also continues to innovate with new offerings like Xtra Protection — its fifth product with Indonesian e-wallet platform DANA, which currently serves 200 million users. As more Indonesians move to digital payments with transactions expected to grow to US$371.6 billion in 2025, the product is timely, protecting users from lost wallet balances due to fraud.
Igloo’s collaboration with consumer finance platform Kredivo — which serves more than 10 million users, introduces Travel Domestic, covering trip cancellations, lost baggage, and more.
In Thailand, Igloo has expanded its partnership with e-payment and financial services provider True Money to include coverage for cars and motorcycles, building on the success of its health and accident insurance offering from the previous year, this new product extends protection to approximately 20.7 million registered vehicles across the country. Meanwhile, the successful collaboration with Lazada Thailand, which serves millions of customers in the country, also sees the addition of a fifth product — Flight Insurance for domestic and international trips.
“These partnerships underscore Igloo’s efforts to make insurance more seamless and integrated into everyday online transactions, and as we enter 2025, we are building on this momentum by deepening our commitment to making insurance more accessible, affordable, and seamlessly integrated into digital experiences. The slew of new partnerships — and the expansion of existing ones — within the first months in 2025 heralds our positive trajectory and highlights the continued value we provide in embedding insurance across diverse industries in Southeast Asia,” Mehta added.
Key regional hire to accelerate growth in Southeast Asia
In addition, Igloo has added to its leadership fold Chief Distribution Officer (CDO) Sasitharan Krishnan who brings over 30 years of expertise from the insurance distribution sector serving as Senior Vice President for Asia Affinity at insurance giant Sompo and Chief Officer of Digital Sales at Allianz Ayudhya Assurance.
In his role, Sasi will drive Igloo’s distribution strategy with a key focus on brokering regional deals, and increased value for Igloo and its partners through relationships with regional and local insurers. He will also bring mentorship and rigor to Igloo’s commercial organisation.
“With Sasitharan’s addition, we will make significant strides in accelerating growth,” Mehta explained. “His extensive experience in insurance distribution and digital sales will be instrumental in building new partnerships, driving value for Igloo and our partners and ensuring our products are consumer-centric, accessible, and effectively delivered across business lines.”
Learn more about Igloo, its partnerships, and technology by visiting iglooinsure.com.
About Igloo
Igloo is a regional full-stack insurtech firm headquartered in Singapore. It has offices in Singapore, Indonesia, Thailand, the Philippines, Vietnam and Malaysia and tech centres in China and India. With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams, and optimise and enhance existing products and services. It has partnered with over 75 well-known brand names across the markets in various verticals, including insurance, telecommunications, e-commerce, hospitality, health tech and financial services. Recognized by the industry for its innovations and expertise, Igloo was named ‘Insurtech of the Year’ in the 2023 and 2024 Asia Fintech Awards.
PT Lippo General Insurance Tbk (LGI), a leading general insurance company in Indonesia, has announced the launch of MyGo+, a telematics-based app designed to encourage safer driving habits. The app analyzes real-time driving data to inform driving behavior and provides a reward system to motivate responsible driving, supporting Indonesia’s efforts to improve road safety and reduce traffic accident rates.
MyGo+ offers a range of features to help drivers develop safer habits. By analyzing data such as distance traveled and acceleration patterns, the app generates driving scores that are converted into reward points in real time. These points can be redeemed for vouchers, and users can participate in monthly driving challenges to earn additional benefits.
Key Features of MyGo+:
Driving Behavior Analysis: Data insights to encourage responsible driving
Monthly Driving Challenges: Gamified challenges with additional benefits
Reward Points: Real-time points awarded for safe driving
Voucher Redemption: Reward points redeemed for attractive vouchers
MyGo+ represents the first digital innovation introduced since the LGI became part of Hanwha Life Insurance following its acquisition in March 2023. In line with Hanwha Life Insurance’s vision to become a comprehensive digital-based financial services provider, MyGo+ leverages advanced technologies, including AI and machine learning. These capabilities ensure accurate driving data collection by mitigating potential errors caused by external factors such as road conditions or network environments.
Developed for public benefit, the app is accessible to all drivers, not just LGI insurance policyholders. Additionally, users can enjoy discounts and other benefits when purchasing LGI insurance products.
Ricky Choi, Vice President Director of PT Lippo General Insurance Tbk, remarked: “MyGo+ is a transformative step in blending technology with customer engagement. It promotes safer driving and offers meaningful rewards, benefiting both users and our continuous innovation efforts. This app marks a major milestone in our journey to become a digital leader in the insurance industry, and we look forward to introducing even more innovations in the future.”
MyGo+ is now available for free download on both iOS and Android. Download MyGo+ today to start earning rewards for safer driving while contributing to Indonesia’s road safety efforts. For more information, visit the LGI website.
About PT Lippo General Insurance Tbk (LGI)
LGI is one of the leading general insurance companies that has been operating for more than 40 years, serving individual and corporate clients with various innovative insurance solutions, including health, property, motor vehicle, transportation, engineering, liability, and personal accident insurance.
LGI supports financial digitalization through its eBenefit Health, eBenefit General, Myprotection.id, and MyGo+ applications and has met the quality standards of ISO 9001:2015 for Health Services Operation, ISO 9001:2015 for Non-Health Services Operation and ISO 27001:2013 for Information Security Management System of Internal Data Center Infrastructure Operations.
Recognized as a trusted insurance company, LGI has achieved asset growth exceeding IDR 2.7+ trillion and a Risk-Based Capital (RBC) ratio of over 330% by the end of 2023, surpassing the government requirement of at least 120%. Additionally, LGI has received numerous awards from Media Asuransi, SWA, and Business Digest, among others. LGI is also a company of Hanwha, a global South Korean conglomerate.
‘MyGo+’ app interface – Empowering safer driving with AI-powered insights, real-time rewards, and driving challenges, marking a milestone in PT Lippo General Insurance Tbk’s digital innovation journey under Hanwha Life Insurance.
*PT Lippo General Insurance Tbk is licensed and supervised by Financial Services Authority (OJK)
Attracting 3,600+ policymakers and business leaders to leverage Hong Kong’s strengths as an international financial centre
– The 18th Asian Financial Forum (AFF) ended successfully today, drawing 3,600+ policymakers and business leaders from more than 50 countries and regions to discuss the latest developments in financial markets and investment opportunities – The event focused on how Hong Kong’s position as an international financial centre can be leveraged to navigate and adapt during a period of change, paving the way for more high-profile conferences and exhibitions in the year ahead – More than 700 one-on-one AFF Deal-making meetings were held on-site, connecting funds and investment projects from around the world – On-site polling indicated that generative AI-led innovation (41.6%) and non-AI innovation, including digital infrastructure & healthcare (23%), were seen by most participants as the most critical growth engines in Asia Pacific.
The 18th Asian Financial Forum (AFF), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), successfully wrapped up today under the theme “Powering the Next Growth Engine”. This year’s forum attracted over 3,600 global financial and business elites from more than 50 countries and regions. The event leveraged Hong Kong’s role as an international financial centre to strengthen the international communication platform, foster multilateral cooperation and promote mutually beneficial outcomes. Three high-level Mainland China officials attended the Opening Session of the AFF yesterday, including Zhou Ji, Executive Vice Director of the Hong Kong and Macao Affairs Office of the State Council of the People’s Republic of China and Hong Kong and Macao Affairs Office of the State Council; DrPan Gongsheng, Governor of the People’s Bank of China; and Liu Zhenmin, Special Envoy for Climate Change of China.
As the year’s first large-scale international financial and business event in the region, the atmosphere at the AFF was vibrant and charged with a positive energy. The forum showcased emerging perspectives across the diverse sessions, all of which were well-attended and well-received by speakers and audiences alike. Leaders from around the world actively engaged in discussion throughout the two-day event, with more than 130 policymakers, international financial and multilateral organisation representatives, financial institutions, and global corporate leaders joining as speakers.
The speaker at the Keynote Luncheon on the first day of this year’s AFF was Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012), who delivered an in-depth analysis of the shifting global economic landscape. Prof Lin pointed out: “In terms of purchasing power, China has the largest domestic market in the world. I think China can reach a 4.5 % growth rate on the average annually between 2019 and 2049. Thus China will continue to contribute around 30% of growth to the world every year. It’s good not only for China, but also will be the most important asset of Hong Kong in the coming years.”
Keynote Luncheon today focused on AI: Future Industries and Implications, with Prof Stuart Russell, Co-chair of the World Economic Forum’s Council on AI, sharing his insights into the development, application and governance of generative AI. Prof Russell said: “We could build AI systems that are guaranteed to further human interests but we aren’t. Some may worry that the machines that we are building will become conscious and lose control, but competence should actually be the topic that we worry about. As history shows, we cause species to become extinct due to our competence, not our consciousness. We are training them to have human-like objectives, and that is a fundamental mistake. I am hoping that if we design the AI system well enough, they themselves will refuse to contribute to the enfeeblement of the human race.” Another AI expert, Dr Kai-Fu Lee, Chairman of Sinovation Ventures, also addressed the transformative power of AI and its impact on technological advancements in the global business ecosystem during a dialogue session.
In alignment with the HKSAR Government’s initiatives to promote sustainable development in Hong Kong, sustainability emerged as a key focus at the forum. A session yesterday featured experts including Sue Lloyd, Vice Chair of the International Sustainability Standards Board (ISSB), who delved into the adoption of financial disclosure standards to enhance confidence in Hong Kong’s capital markets. Today saw more discussions related to sustainable development, including a Breakfast Panel dedicating to transition finance and two more sessions – on sustainable investment and Post-COP29 Implementation: Enhance Climate Ambition and Enable Financing Action – at which Liu Zhenmin, Special Envoy for Climate Change of China, gave remarks.
This afternoon saw the debut of the Gulf Cooperation Council Chapter, jointly organised by the AFF and the Gulf Cooperation Council (GCC). Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, and HE Jasem Mohamed AlBudaiwi, Secretary General of the Cooperation Council for the Arab States of the Gulf, delivered keynote remarks. Financial officials and representatives from Oman, Qatar, Saudi Arabia and the United Arab Emirates joined industry leaders from Hong Kong to share updates on economic developments in the Gulf region, highlight future investment opportunities, and examine ways to strengthen financial cooperation and investment between the member states of the GCC and Hong Kong.
In addition, pioneers from a range of industries actively participated in sessions such as CIO Insights, Dialogues for Tomorrow and Global Spectrum, focusing on hot topics ranging from fintech and capital markets to female entrepreneurship and philanthropy. One of the heavyweight speakers at this year’s AFF was Joe Tsai, Chairman of the Alibaba Group, who shared his views at a fireside chat moderated by Ronnie Chan, Honorary Chair, Hang Lung Properties Limited on how large companies spur economic development in a session titled Global Spectrum – The Role of Large Companies in Supporting Start-ups and Social Enterprises.
Views on mainland and overseas industries and environmental economies tracked on-site Real-time polling was conducted during the forum to gauge participants’ views on various topics, such as the global economic outlook and China opportunities. It indicated that generative AI-led innovation (41.6%) and non-AI innovation, including digital infrastructure & healthcare (23%), were seen by participants as the most critical growth engines in the Asia Pacific region. Meanwhile, generative AI (31.4%) and advanced manufacturing (20%) were seen as the most promising growth sectors in Mainland China.
More than 700 one-on-one matching meetings facilitated on-site over two days This year’s AFF Deal-making, co-organised by the HKTDC and the Hong Kong Venture Capital and Private Equity Association (HKVCA), brought together more than 270 investors and over 560 investment projects with more than 700 one-on-one meetings held, covering a wide spectrum of sectors such as fintech, healthtech, deep tech, consumer goods, infrastructure and real estate, environment, energy and environmental technology. The meetings helped to connect funds and investment projects from across the globe.
As always, the AFF featured several exhibition zones, set up with the aim of creating business connections and promoting networking, including the Fintech Showcase, Fintech HK Startup Salon, the InnoVenture Salon, and the Global Investment Zone. These zones featured more than 140 exhibitors including international financial institutions, technology companies, start-ups, investment promotion agencies and sponsors such as AFF Knowledge Partner EY, along with HSBC, Bank of China (Hong Kong), Standard Chartered Bank, UBS, Prudential, China International Capital Corporation (CICC) and Huatai International and more.
Three other events ran concurrently with the AFF across the two days. The Hong Kong International Fundraising Roundtable 2025 yesterday convened C-suite leaders from overseas and mainland enterprises with Hong Kong’s financial and professional service providers to address pressing financing and fundraising needs. The Malaysia–Hong Kong Islamic Finance Roundtable, co-organised with Malaysia International Islamic Financial Centre (MIFC) Leadership Council, facilitated the development of cross-border financial activities between Hong Kong and Islamic economies represented by Malaysia. Additionally, the Family Office Symposium, co-organised with the Private Wealth Management Association (PWMA), spotlighted Hong Kong’s advantages as a premier family office destination and explored current investment trends.
The Asian Financial Forum was a signature event of 2025 International Financial Week (IFW), which runs from 13 to 17 January and brings together more than 20 partner events to create synergies in the industry. These events cover many topics of global interest to the financial and business community, including private equity, family offices, net zero investing and generative AI, among others. This week of events helps underscore the importance of Hong Kong as an international financial hub.
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels.
Over 130 global policymakers and business leaders discuss market trends and explore investment strategies
Themed “Powering the Next Growth Engine”, the 18th Asian Financial Forum 2025 (AFF), the region’s first major international financial and business event of the year, opened today, expecting about 3,600 global financial and business elites from over 50 countries and regions
A distinguished line-up of speakers attended the opening session on the first day, including Zhou Ji, Executive Vice Director of the Hong Kong and Macao Affairs Office of the State Council of the People’s Republic of China; DrPan Gongsheng, Governor of the People’s Bank of China; and Liu Zhenmin, Special Envoy for Climate Change of the People’s Republic of China
Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012), spoke at today’s Keynote Luncheon, dissecting how to achieve stable growth and drive rapid economic development amid a complex international environment
The AFF brings together over 130 officials, multilateral organisation and business leaders from Mainland China, ASEAN, the Middle East, Asia, Europe and the United States to examine global dynamics and financial policies, foster global collaboration, and explore new drivers for future growth
The luncheon on the second day will feature a keynote speech by Prof Stuart Russell, Co-chair of the World Economic Forum’s Council on AI, who will share insights on how AI could become a new engine for global economic growth
The 18th Asian Financial Forum (AFF) 2025, co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). Themed “Powering the Next Growth Engine”, the two-day forum has attracted over 130 global business leaders, policymakers, financial and wealth management experts, entrepreneurs, tech giants and economists as speakers. About 3,600 financial and business elites from over 50 countries and regions are expected to gather and explore how to ignite new engines for growth in 2025 and navigate the challenges ahead.
The forum kicked off with opening remarks by John Lee, Chief Executive of the HKSAR, followed by addresses from Zhou Ji, Executive Vice Director of the Hong Kong and Macao Affairs Office of the State Council of the People’s Republic of China; Dr Pan Gongsheng, Governor of the People’s Bank of China; and Liu Zhenmin, Special Envoy for Climate Change of the People’s Republic of China.
Welcome remarks were delivered by Dr Peter KN Lam, Chairman of the HKTDC, who said: “Future growth will be different to that of the past, as traditional growth models face resource constraints and environmental pressures. Innovations, such as AI, renewable energy, fintech developments and healthcare discoveries, have the potential to power economic growth and enrich human development for decades to come. It is timely that the theme of this year’s Asian Financial Forum, ‘Powering the Next Growth Engine’, addresses these very questions from the perspective of finance and its impacts on broader business communities. The forum will discuss how the finance industry and corporates can support the next generation of innovative businesses and industries to help them unleash their potential and drive global growth in the years ahead.”
The two-day forum presents over 40 sessions ranging from Plenary Sessions, Policy Dialogue, Keynote Luncheons and Breakfast Panel, Fireside Chats, and thematic workshops. Topics included global economic outlook, China opportunities, new markets opportunities, investment outlook, artificial intelligence (AI), fintech, sustainability, philanthropy, and more, giving participants a deeper understanding of future opportunities and insights into global economic development.
Discussion session gathers international experts to address global challenges This year’s forum is dedicated to driving new thinking, strengthening international cooperation and trust, and addressing the global economic landscape in a challenging environment. Plenary Session I – Innovation: The Solution to Unlock the Next Growth Engines, hosted by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, brought together finance officials and multilateral organisation leaders to examine financial policies in 2025. Guest speakers included Adylbek Kasymaliev, Chairman of the Cabinet of Ministers – Head of the Presidential Administration of Kyrgyz Republic; Muhammad Aurangzeb, Federal Minister of Finance and Revenue of Pakistan; Gilles Roth, Minister of Finance of Luxembourg; and Yoshiki Takeuchi, Deputy Secretary-General, Organisation for Economic Co-operation and Development (OECD).
Plenary Session II – Collaboration: The Road to Growth and Prosperity focused on international cooperation and was also moderated by Christopher Hui. The panel speakers included Roberta Casali, Vice-President of Finance and Risk Management of the Asian Development Bank; Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB); and Satvinder Singh, Deputy Secretary-General for ASEAN Economic Community of the Association of Southeast Asian Nations (ASEAN). They explored ways to rebuild trust and deepen partnerships amid global challenges to achieve shared growth and common prosperity.
A Policy Dialogue session, Accelerating Growth through Innovation, was moderated by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority. Speakers included Bayardavaa Bayarsaikhan, Director General of the Monetary Policy Department of the Bank of Mongolia; Philip Lane, Chief Economist and Member of Executive Board of the European Central Bank; Rogelio V. Quevedo, Commissioner of Securities and Exchange Commission of the Philippines; and Dr Olli Rehn, Governor of the Bank of Finland. They exchanged valuable insights on issues such as global monetary policy trends and the impact of geopolitical factors on markets, helping businesses and organisations better navigate uncertainty and explore new opportunities for collaboration and growth.
High calibre economists discuss economic growth strategies at today’s Keynote Luncheon Paul Chan, Financial Secretary of the HKSAR Government, gave his welcome remarks at today’s Keynote Luncheon. Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012), delivered a keynote speech that addressed strategies for achieving stable economic growth. A dialogue session was moderated by Prof Richard Wong, Philip Wong Kennedy Wong Professor in Political Economy and Provost and Deputy Vice-Chancellor of the University of Hong Kong.
Exploring the global outlook, opportunities in China and avenues for cooperation One of the highlights of the afternoon session, the Global Economic Outlook discussion, was kicked off by Liu Haoling, Vice Chairman and President and Chief Investment Officer of the China Investment Corporation with a special address. The panel discussion was moderated by Victor Chu, Chairman and Chief Executive Officer of First Eastern Investment Group, with speakers including Ernesto Torres Cantú, Member of Executive Management Team and Head of International of Citi; Bonnie Y Chan, Chief Executive Officer of Hong Kong Exchanges and Clearing Limited; J Christopher Donahue, President and Chief Executive Officer of Federated Hermes, Inc; Antoine Gosset-Grainville, Chairman of the Board of Directors of AXA; and Dr Fred Hu, Founder and Chairman of Primavera Capital Group. The participants shared valuable insights on the drivers for global economic growth.
Another well-received panel discussion at last year’s AFF, the China Opportunities session, was joined by some heavyweight speakers, including Charles Li, Founder and Chairman, Micro Connect; Li Yimei, Chief Executive Officer of China Asset Management; Ken Wong, Executive Vice President of Lenovo and President of Lenovo Solutions and Services Group; and Wilson Zhang, Managing Director, Global Executive Head of Equities, China International Capital Corporation Limited. They delved into the potential of the Chinese market and investment prospects under the country’s commitment to technological innovation.
The green economy and sustainable development are among the key topics at this year’s forum. Corporates worldwide are actively undergoing a green transformation as regulators introduce relevant policies. The International Sustainability Standards Board (ISSB) published its first international sustainability disclosure standards, providing clear guidance for the green transition and sustainable development of corporates. In the meantime, corporates in Hong Kong will fully align the ISSB’s sustainability disclosure standards from this year. Sue Lloyd, Vice Chair of the ISSB, will join other speakers to share the latest progress in sustainability reporting standards.
Meanwhile, the HKTDC with AFF Knowledge Partner EY jointly conducted a survey exploring the perspectives and practices of Asian corporations and investors with regard to readiness to sustainability reporting, sustainable finance and climate change. The survey results were released today. Jack Chan, EY China Chairman and EY Greater China Regional Managing Partner, said the survey shared that an increasing number of businesses and investors are considering integrating sustainability into their operations, but barriers persist due to the lack of clearly defined frameworks and accessible resources. The survey also offers actionable insights and recommendations for companies looking to embark on a path toward sustainable development.
Global investment matchmaking and diverse exhibition zones As one of the highlights of the forum, AFF Deal-making continues to offer an efficient one-on-one matching platform to project owners and investors. This year it has attracted over 270 investors and over 560 investment projects, covering a wide spectrum of sectors such as environment, energy and environmental technology, food and agritech, health tech, fintech, and deep tech. The Deal-making session helps foster active global collaboration and generate new business opportunities.
Diverse exhibition zones foster innovation and cross-border collaboration This year’s AFF exhibition attracted over 140 fintech companies, start-ups and investment promotion agencies from around the world that are striving to stage an innovative and investment-driven grand financial event.
A variety of exhibition zones are featured, including the Fintech Showcase, Fintech HK Startup Salon, the InnoVenture Salon and Global Investment Zone. The InnoVenture Salon offered a platform for over 100 start-ups to showcase the application of innovative technologies across different sectors, of which the Fintech HK Startup Salon has brought together over 60 fintech start-ups, featuring cutting-edge solutions from 22 countries and regions and helping to highlight Hong Kong’s potential as a powerhouse for innovation and technology. The Global Investment Zone connects participants with business opportunities from different countries and regions.
Sharing advanced insights into exploring emerging markets The session tomorrow offers a wide array of topics, including an exploration of the impact of AI on the financial industry. Prof Stuart Russell, Co-chair of the World Economic Forum’s Council on AI, and Dr Kai-Fu Lee, Chairman of Sinovation Ventures, will deliver remarks at the Keynote Luncheon and Dialogues for Tomorrow respectively, exploring the development and opportunities that AI offers for the future of workforce, investors and businesses from different perspectives.
The Forum and the Gulf Cooperation Council (GCC) co-host the Gulf Cooperation Council Chapter tomorrow, making its debut this year. Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, and Jasem Mohamed AlBudaiwi, Secretary General of the Cooperation Council for the Arab States of the Gulf, will deliver keynote remarks. Financial officials and representatives of financial institutions from Oman, Qatar, Saudi Arabia and the United Arab Emirates will join industry leaders from Hong Kong to discuss the economic development of Gulf countries and the potential for financial cooperation with Hong Kong.
Additionally, the CIO Insights session, moderated by Albert Goh, Chief Investment Officer (External Managers), Exchange Fund Investment Office, Hong Kong Monetary Authority, panelists will share their views on asset allocation plans, maintaining investment convictions, and the opportunities emerging across the wider region and beyond. The session will bring together representatives from internationally renowned large corporations and family office, including Vincent Mortier, Group Chief Investment Officer of Amundi; Bei Saville, Chief Investment Officer, Treasury and Fingerboard Family Office, Advance; Manraj Sekhon, Chief Investment Officer of Templeton Global Investments; and Alexandra Wilson-Elizondo, Partner, Managing Director, and Co-Chief Investment Officer of Multi-Asset Solutions of Goldman Sachs Asset Management.
With environmental, social and governance (ESG) now playing a larger role in the development of businesses, Asia needs to look at achieving the goals set by the Paris Agreement over the next 30 years. COP29 this year have reinforced the global trend towards a green and low-carbon transition. In a session titled Dialogues for Tomorrow – Asia Dialogue on Post COP29 Implementation: Enhance Climate Ambition and Enable Financing Action, Liu Zhenmin, Special Envoy for Climate Change of the People’s Republic of China, will explore innovative financing mechanisms and collaboration opportunities with several leading experts to advance climate initiatives, as well as strategies to strengthen commitments and cooperation on climate goals. Additionally, Joe Tsai, Chairman of the Alibaba Group, will join the Global Spectrum session analysed the role of corporate social responsibility and philanthropy in supporting start-ups and social enterprises from a macro perspective.
For the latest edition of the AFF, the event has collaborated with several organisations to offer special discounts and privileges for travel, dining and shopping, encouraging participants to make the most of their stay in Hong Kong and experience the city’s vitality. Activities offered to visitors include the Peak Tram and Sky Terrace experience, the Aqua Luna Victoria Harbour Cruise, visits to Man Mo Temple and Tai Kwun, dining discounts in Lan Kwai Fong, access to the Winter Wonderland at Happy Valley Racecourse’s Happy Wednesday, and a dining discount provided by Lei Garden. The goal is to give overseas participants a deeper understanding of Hong Kong, promote the conference and mega event economy, and tell positive stories about the city.
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
Fostering growth momentum and exploring new opportunities for global finance in a period of change
– The 18th Asian Financial Forum 2025 (AFF) will be held on 13 and 14 January (Monday and Tuesday), attracting more than 3,600 and finance and business heavyweights – Themed “Powering the Next Growth Engine”, the forum will examine new global business opportunities in different industries in 2025, exploring how Hong Kong can leverage its strengths as an international financial centre to seek breakthroughs in a period of change – This year’s AFF has invited more than 100 global business leaders and policymakers to speak, including Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012); Prof Stuart Russell, Co-Chair of the World Economic Forum’s Council on AI; Dr Kai-Fu Lee, Chairman of Sinovation Ventures; and Joe Tsai, Chairman of the Alibaba – Representatives from organisations such as AXA, Citigroup, Federated Hermes, HSBC, Lenovo, Primavera Capital Group and more will showcase Hong Kong’s draw as an international financial and business hub – The Gulf Cooperation Council Chapter, a new addition to this year’s forum, will focus on opportunities in financial collaboration between member states of the GCC and Hong Kong
The 18th Asian Financial Forum 2025 (AFF), co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), will be held at the Hong Kong Convention and Exhibition Centre (HKCEC) on 13 and 14 January (Monday and Tuesday). As the region’s first major international financial conference in 2025, the forum will examine the landscape for new business opportunities in various industries and regions in the coming year and promote global cooperation, and is expected to attract more than 3,600 finance and business heavyweights.
Themed “Powering the Next Growth Engine”, the AFF will bring together more than 100 global policymakers, business leaders, financial experts and investors, entrepreneurs, tech companies and economists to share their views on the shifting global economic landscape and financial ecosystem. These industry experts will dissect the risk management strategy, discover new business opportunities, and explore how Hong Kong can seek breakthroughs in a period of change.
First flagship financial event to showcase Hong Kong’s financial strengths Launched in 2007, the AFF has become a flagship financial event for Hong Kong and the broader region, highlighting the city’s pivotal role as a globally renowned financial hub with a highly competitive economic and business environment. Amid a rapidly changing global macroeconomic landscape, and shifts in geopolitical dynamics and monetary policies, Hong Kong’s financial services sector continues to leverage its strengths across various domains, drawing on its world-class business infrastructure and robust regulatory regime to help drive cooperation and mutual success across Asia and around the world.
Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, said: “Hong Kong’s financial market went through a lot of reforms and innovation last year. We have also launched a roadmap on sustainability disclosure in Hong Kong and issued a policy statement on responsible application of artificial intelligence in the financial market with a view to boosting green finance and sustainable financing. The upcoming Asian Financial Forum will gather the top-tier of the financial and various sectors from all around the world, the Mainland and in Hong Kong and hence is the perfect occasion for us to showcase to the world the new momentum and latest advantages of Hong Kong in the financial realm. Participants will also have a chance to learn more about how Hong Kong can partner with them to explore new collaborations and development areas while expanding their network here.”
Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive Officer, Hong Kong, of HSBC, said: “The global economy faces greater uncertainties in 2025 compared to 2024. However, robust growth in India and ASEAN nations, combined with increased policy support from Mainland China, is expected to keep Asia’s (ex-Japan) GDP growth at a strong 4.4%, well above the global average of 2.7%.” Against this backdrop, this year’s Asia Financial Forum is aptly themed “Powering the Next Growth Engine” and will focus on high-potential markets such as ASEAN, the Middle East (particularly the Gulf Cooperation Council countries), and the role that Hong Kong can play. Ms Lim said Hong Kong’s unique role as a bridge between the mainland and international markets allows it to support mainland enterprises expanding globally. She added that Hong Kong is committed to attracting global talent and investors, driving growth for both mainland and international businesses.
Patrick Lau, HKTDC Deputy Executive Director, said: “As we move into the new year, different economies around the world are facing challenges in maintaining economic growth. As an international financial centre, Hong Kong is playing an important role both as a ‘super-connector’ and a ‘super value-adder’ to link the world, enabling investors and fundraisers to leverage the city’s professional services and investment platforms to facilitate collaboration and create business opportunities. This year’s forum not only brings together heavyweight speakers and thought leaders but also builds on the success of previous years to provide a business platform for international participants, promoting financial and business cooperation and working together to launch new engines for growth.”
Exploring new trends as the world’s economic centre of gravity continues its shift east
Reflecting on a trend where the world’s economic centre of gravity continues to take an eastward shift, Christopher Hui will host two plenary sessions on emerging prospects in the region on the first day of the forum (13 January). The morning session of Plenary Session I will feature H.E. Adylbek Kasymaliev, Prime Minister of Kyrgyzstan, finance ministers from countries such as Pakistan and Luxembourg, and Yoshiki Takeuchi, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), who together will explore the financial policy outlook for 2025. In the afternoon, Plenary Session II will bring together leaders from multilateral organisations to share their views on the role of multilateral cooperation in regional economic development. Speakers will include Roberta Casali, Vice-President, Finance and Risk Management, Asian Development Bank; Jin Liqun, President and Chair of the Asian Infrastructure Investment Bank (AIIB); and Satvinder Singh, Deputy Secretary-General for ASEAN Economic Community, Association of Southeast Asian Nations (ASEAN). Moreover, a new session, the Gulf Cooperation Council Chapter, will bring together HE Jasem Mohamed AlBudaiwi, Secretary General of the Gulf Cooperation Council (GCC), speakers from the Middle East and local experts to discuss prospects in fostering financial cooperation and investment between the member states of the GCC and Hong Kong.
Also on the first day, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, will host the Policy Dialogue session with speakers including European representatives such as Philip Lane, Chief Economist and Member of the Executive Board of the European Central Bank, and Dr Olli Rehn, Governor of the Bank of Finland. The discussion will explore the opportunities and challenges arising from the global shift towards more accommodative monetary policies and national authorities’ strategic deployment of measures to revitalise their economies and accelerate growth through innovation.
The panel discussion on China Opportunities returns this year with senior figures invited to analyse investment prospects under China’s commitment to technological innovation and its impact on global business. The panellists included Li Yimei, Chief Executive Officer of China Asset Management; and Ken Wong, Executive Vice President of Lenovo and President of Lenovo Solutions & Services Group.
Top economist and leading AI expert take the stage at keynote luncheons Another highlight of this year’s AFF will be the two keynote luncheons featuring thematic speeches by two distinguished guests: Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012), and Prof Stuart Russell, Co-chair of the World Economic Forum Council on AI. These two prominent figures will dissect the evolution of the global economic landscape amid changing international dynamics, and examine how artificial intelligence (AI) is emerging as a new driving force for rapid global economic growth respectively.
Exploring hot topics in the financial and economic sectors The afternoon panel discussion, Global Economic Outlook, will feature a special address from Liu Haoling, Vice Chairman, President and Chief Investment Officer, China Investment Corporation. The panel will analyse international economic trends and provide insights into business opportunities and wealth accumulation in emerging industries and regions in 2025.
Other sessions titled Global Spectrum, Dialogues for Tomorrow and Thematic Workshop will feature in-depth discussions focusing on the latest industry trends, including AI, Web 3.0, sustainability, philanthropy and family offices. As AI becomes increasingly widespread and diversified in its societal applications, the second day of the forum will introduce a special session, Dialogue with Kai-Fu Lee, in which Dr Kai-Fu Lee, Chairman of Sinovation Ventures, will discuss the transformative power of AI and its impact on technological advancements in the global business ecosystem.
Exploring the impact of sustainable disclosure on investment strategies Sustainable finance and environmental, social and governance (ESG) considerations have become an irreversible global trend. In 2025, Hong Kong is set to fully align its regulatory framework with the sustainability disclosure standard of the International Sustainability Standards Board (ISSB). Sue Lloyd, Vice Chair of the ISSB, will join other experts in discussing how adopting international financial sustainability disclosure standards can strengthen market confidence in Hong Kong’s capital markets, address post-COP29 implementation in Asia, and share strategies for sustainable investing across three separate sessions. In addition, the Breakfast Panel on the second day will focus on the flows of transition finance in shaping a sustainable future in the Greater Bay Area and beyond. Furthermore, the HKTDC has partnered with EY to conduct a joint market survey on sustainable development, aiming to explore the views and practices of Asian businesses and investors on topics such as sustainability reporting, sustainable finance and preparations for dealing with climate change. The results of the survey will be unveiled on the first day of the forum.
Expanding cross-border opportunities through the HK global investment platform As a key element of this year’s forum, AFF Deal-making offers one-on-one matching services for project owners and investors. More than 270 investors and 560 projects are expected to participate, with investment opportunities across industries such as environmental, energy, clean technology, food and agriculture tech, healthcare tech, fintech and deep technology. The exhibition sections of the AFF – Fintech Showcase, InnoVenture Salon, FintechHK Startup Salon and Global Investment Zone – will attract more than 130 local and global exhibitors, international financial institutions, technology companies, start-ups, investment promotion agencies and sponsors, including Knowledge Partner EY, HSBC, Bank of China (Hong Kong), Standard Chartered Bank, UBS, Prudential, China International Capital Corporation (CICC), Huatai International and more. Notably, the InnoVenture Salon will provide a platform for more than 100 start-ups to showcase innovative technologies in a variety of fields such as finance, regulation, sustainability, health and agriculture, supported by more than 110 Investment Mentors and Community Partners.
IFW 2025 creates synergies with AFF to boost mega event economy International Financial Week (IFW) 2025 runs from 13 to 17 January with the AFF as its highlight event. This year’s IFW will feature more than 20 partner events, covering a wide range of global financial and business topics, including private equity, family offices, net-zero investing and generative AI. As the region’s first major financial event of the year, the AFF attracts top global enterprises and leaders to Hong Kong, creating connections between capital and opportunities. The forum assists industry professionals in seizing opportunities in the new year and helps promote the mega event economy in Hong Kong.
This year, the AFF has collaborated with various organisations to provide special travel, dining and shopping discounts and privileges for overseas participants joining the event. Activities include Peak Tram and Sky Terrace trips, the iconic Aqua Luna red-sail junk boat, and guided tours of Man Mo Temple and Tai Kwun arranged by the Hong Kong Tourism Board. Participants can also enjoy dining discounts and guided tours from the Lan Kwai Fong Group, as well as the Winter Wonderland at the Hong Kong Jockey Club’s Happy Wednesday at Happy Valley Racecourse, all designed to immerse overseas visitors in the vibrancy and diversity of Hong Kong.
Media representatives who would like to conduct interviews with AFF speakers should submit interview requests to ayiu@yuantung.com.hk or lsong@yuantung.com.hk by 8 January 2025.
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
– Bringing together scholars, financial officials and business leaders for discussions on the theme ‘Powering the Next Growth Engine’
Themed “Powering the Next Growth Engine”, the 18th Asian Financial Forum 2025 (AFF), will be the region’s first major international financial and business event of the year.
Heavyweight speakers include Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012); Prof Stuart Russell, Co-Chair of the World Economic Forum’s Council on AI; Dr Kai-Fu Lee, Chairman of Sinovation Ventures; and Joe Tsai, Chairman of the Alibaba Group.
The event brings together scholars, financial officials and business leaders from Mainland China, ASEAN, the Middle East, Europe and the United States to share invaluable insights.
The 18thAsian Financial Forum 2025 (AFF), co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council(HKTDC), will be held at the Hong Kong Convention and Exhibition Centre (HKCEC) on 13 and 14 January (Monday and Tuesday). Themed “Powering the Next Growth Engine”, AFF will be the first major financial and business event in the region in the new year, bringing together more than 100 global policymakers, business leaders, financial experts and investors, entrepreneurs, tech giants and economists to share their views on issues related to political leadership, geopolitical tensions, monetary policy shifts, macroeconomic challenges and more. These industry heavyweights will discuss the latest developments in financial markets and investment opportunities and explore how Hong Kong can leverage its strengths as an international financial centre to seek breakthroughs in a period of change.
Harnessing Hong Kong’s unique advantages to demonstrate financial excellence Launched in 2007, the AFF has become a flagship financial event for Hong Kong and the broader region, showcasing the city’s status as an international financial centre and its role as a connector in spearheading regional financial activities. Against the backdrop of a constantly shifting global economic landscape, Hong Kong has been leveraging its unique geographical position, professional services and global perspective to continue fostering collaboration and ensuring mutual success between Asia and the world.
Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive Officer, Hong Kong, of HSBC, said: “The geopolitical and economic landscape of 2025 is set to be fraught with challenges, underscoring the importance of international collaboration. The Forum adopts the theme ‘Powering the Next Growth Engine’, bringing together influential speakers and thought leaders to share insights, dissect the evolving global landscape and spotlight emerging investment opportunities. Key areas of focus include the growth potential of emerging markets such as Mainland China, ASEAN and the Middle East, as well as advancements in sectors like artificial intelligence, fintech, sustainability, philanthropy and family offices. The Forum continues to provide a premier platform for renowned global investors and fundraisers to collaborate and ignite new engines for growth with its strong international influence and diverse perspectives.”
Impactful sessions spotlight global issues The Forum will feature a distinguished line-up of speakers, with a two-day programme featuring various panels and workshops, including plenary sessions, policy dialogues, keynote luncheons, breakfast panels and fireside chats, as well as thematic workshops focusing on development and innovation across different industries. It will continue to stage well-received sessions such as Global Economic Outlook, China Opportunities and CIO Insights. Global Economic Outlook will analyse international economic trends and provide insights into business opportunities and wealth accumulation in emerging industries and regions in 2025. China Opportunities will focus on examining the investment outlook in Mainland China under the acceleration of technological innovation and its impact on global businesses. CIO Insights will explore new opportunities for cross-regional cooperation from macroeconomic and asset allocation perspectives, offering participants insights and strategies that can help realise long-term growth.
Financial pioneers share insights on future economy One of the keynote speakers at AFF will be Prof Justin Lin Yifu, a globally renowned economist and Chief Economist and Senior Vice President of the World Bank (2008-2012). Prof Lin will deliver an in-depth analysis of the shifting global economic landscape and the impact on Mainland China and international markets, exploring strategies for achieving stable growth and driving rapid economic development amid a complex international environment.
The Forum will also bring together scholars, financial officials and business leaders from the mainland, ASEAN, the Middle East, Europe and the United States to shed light on a range of key topics, including macroeconomics, China opportunities, investment prospects, artificial intelligence (AI) and fintech as well as sustainability.
As the world’s second largest economy, the mainland’s economic and industrial development plays a significant role in driving global economic growth. Heavyweight speakers include Dr Fred Hu, Founder and Chairman of Primavera Capital Group; Jin Liqun, President and Chair of Asian Infrastructure Investment Bank; Li Yimei, Chief Executive Officer of China Asset Management, and Joe Tsai, Chairman of Alibaba Group, will take the stage at AFF to share their views.
Emerging markets such as the Association of Southeast Asian Nations (ASEAN) and the Middle East will also be spotlighted. Speakers from ASEAN will include Satvinder Singh, Deputy Secretary-General for ASEAN Economic Community of ASEAN while a new session will highlight the opportunities in financial cooperation and investment between the Middle East and Hong Kong, featuring speakers from the two places.
A stellar line-up of speakers and company representatives from Europe and the US will offer new impetus at various panel discussions. Featured speakers include Edward Dolman, Executive Chairman and Chief Executive Officer of Phillips Auctioneers; J Christopher Donahue, President & Chief Executive Officer of Federated Hermes, Inc; Antoine Gosset-Grainville, Chairman of the Board of Directors of AXA; Dr Hou Yang, Chairman and Chief Executive Officer, Greater China Region and Global Senior Vice President of Microsoft; Philip Lane, Chief Economist and Member of the Executive Board of the European Central Bank; Vincent Mortier, Group Chief Investment Officer of Amundi; and Dr Olli Rehn, Governor and Chairman of the Board of the Bank of Finland.
AI and fintech are having a profound impact as they become more broadly adopted in the financial services sector. Prof Stuart Russell, Co-chair of the World Economic Forum Council on AI; Dr Kai-Fu Lee, Chairman of Sinovation Ventures and Ken Wong, Executive Vice President of Lenovo and President of Lenovo Solutions & Services Group, will address the latest industry developments and prospects at the AFF. Prof Russell, Distinguished Professor of Computer Science at the University of California, Berkeley and Co-chair of the World Economic Forum’s Council on AI and the OECD’s Expert Group on AI Futures, will explore the prospects of AI becoming a new engine for global economic growth.
Sustainable development is another key topic at the AFF. In different sessions of the Forum, Sue Lloyd, Vice Chair of the International Sustainability Standards Board (ISSB); Martin Neubert, Partner and Group Chief Investment Officer of Copenhagen Infrastructure Partners, and Jiadi Yu, Chief Investment Officer of International Finance Corporation (IFC), will share views on how the adoption of the ISSB will contribute to market confidence in Hong Kong’s capital markets.
Diverse exhibition zones create opportunities, innovative technologies drive growth The Fintech Showcase, InnoVenture Salon, FintechHK Start-up Salon and Global Investment Zone will be assembled at the AFF to help fintech companies, start-ups and international investment agencies from around the world to connect businesses, showcase the latest technological innovations and promote collaboration.
In addition to offering pitching and startup advisory sessions, the InnoVenture Salon features an exhibition of innovative technologies across various fields such as regtech, deep tech, green tech, health tech and food tech and agri-tech. This capacity-building support will connect entrepreneurs with potential clients, users and investors from different regions and industries, helping businesses refine their strategies, expand operations and thrive in the global market. Additionally, AFF Deal-making, a unique deal-sourcing and matching session, will build on the success of previous years to connect sources of funds and deals from around the world through one-on-one meetings.
AFF – Hong Kong’s major annual financial event International large-scale events play a strategically important role for Hong Kong. As the first major financial event of the year, the AFF is designed to provide industry professionals with the latest insights and help them explore new opportunities. Early bird registration is now open for participants. The AFF is collaborating with various organisations to provide special travel, dining and shopping discounts and privileges for overseas participants, encouraging them to make the most of their stay and experience the vitality of Hong Kong. More details regarding the content, speaker lineup and media registration arrangements for the AFF will be announced at a press conference on 7 January 2025.
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
