Past Events

At the Belt and Road Working Group’s webinar today, board members of the Financial Services Development Council shared their views on the current challenges and opportunities in the asset management, banking, and insurance sectors.

Chen Ding, CEO of CSOP Asset Management, said despite the pandemic, investment in Belt and Road-related projects has been increasing, up 17% year-on-year. Newly signed big projects over US$50 million increased by 25% yoy. Brian Li, Co-Chief Executive of Bank of East Asia, said that Hong Kong’s robust banking system means that banks have considerable liquidity to tackle current challenges, and together with the Government, they had been providing financial support to businesses in Hong Kong, in particular SMEs. Winnie Wong, CEO & Executive Director of Asia Insurance & Avo Insurance, said that insurers in Hong Kong provided relief measures ranging from simplified claim procedures and waivers of late charges to extended grace periods and complimentary COVID-19 coverage.

Video