Upcoming "Think Asia, Think Hong Kong" forums to outline emerging opportunities
HONG KONG, May 28, 2015 - (ACN Newswire) - North American businesspeople can learn about the newest opportunities in the areas of renminbi (RMB) internationalization at upcoming seminars part of the "Think Asia, Think Hong" (TATHK) promotions in Toronto and Chicago on the 8th and 10th of June respectively.
The two seminars will provide fresh intelligence on the RMB as a vehicle for payments, investments and financing. They will also demonstrate how using the Chinese mainland currency can benefit North American companies doing business - or about to do business - with the mainland, particularly by using Hong Kong's one-stop services.
Asia's Wealth Management Center
Hong Kong's expertise in RMB business has helped the city become Asia's leading wealth management center, as rated by the Deloitte Wealth Management Centre Ranking 2015. Hong Kong also achieved the world's fastest-growing cross-border client assets during the report's review period, no doubt driven by the 4.32 million high net-worth individuals in the region surrounding Hong Kong.
"Hong Kong is a preeminent RMB offshore center. Since the beginning of the journey of RMB internationalization in 2009, when trade finance was first allowed to be denominated in RMB, the city has played the role as both an experimental ground and a firewall for China," said Benjamin Hung, Regional Chief Executive Officer, Greater China, Standard Chartered Bank (Hong Kong) Limited, who will be a seminar speaker in both Toronto and Chicago.
"This has enabled a proliferation of RMB products and services, such as dim sum bonds, RMB investments, FX hedging and other cross-border RMB liquidity management solutions. As a leading asset management hub in Asia, Hong Kong has been able to leverage on its expertise to innovate and develop a wide array of RMB investment products," he said.
"Think Asia, Think Hong Kong" to Deliver Intelligence and Opportunities
TATHK, the largest Hong Kong promotion to take place in Toronto and Chicago, is organized by the Hong Kong Trade Development Council (HKTDC). The events will showcase the advantages of Hong Kong's business services platform in helping North American companies capitalize on opportunities in Asia, particularly on the mainland.
Each RMB seminar will feature experts from the financial sector sharing their insights on various facets of the RMB business, including how trade and direct investment transactions with the mainland are increasingly being settled in RMB, while portfolio investment opportunities in the currency are also expanding via such schemes as the RQFII and the Shanghai-Hong Kong Stock Connect.
In all, more than 130 government and business leaders from Hong Kong and the mainland will take part in TATHK, which is supported by 16 Hong Kong partners and more than 90 other organizations in the U.S. and Canada. Participating sectors include technology, ICT, digital entertainment, finance, food and wine, and professional services, with business-matching sessions organized onsite. For more information on the seminars and the events, please see the TATHK website: http://www.thinkasiathinkhk.com/2015/en/index.html.
About HKTDC
A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and services providers. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in overseas markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.
Google+: http://plus.google.com/+hktdcTwitter: http://www.twitter.com/hktdcLinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council
Source: HKTDC
Contact:
HKTD Communication and Public Affairs Department Joe Kainz Tel: +852 2584 4216 Email: joe.kainz@hktdc.org
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