Yesterday, the Hong Kong Venture Capital and Private Equity Association hosted the Asia Private Equity Forum 2013 in cooperation with the Asian Financial Forum.
Hundreds of guests attended the event, including major financial firms and investment companies like Oasis Investments Limited and LGT Capital Partners, a company that develops strategies for private equity and hedge funds.
Financial Secretary Mr. John C. Tsang delivered an opening speech at the summit, discussing the economic outlook for Asia and its significance to investors.
“It is an important day for us in the Hong Kong government because it marks the occasion that the Chief Executive will deliver his first Policy Address of the current term later on this morning,” he said.
“Congratulations to the Hong Kong Venture Capital and Private Equity Association on organizing the third Asia Private Equity Forum.
Once again, this Forum follows on from the Asian Financial Forum, which ended yesterday. I hope that those of you who attended the AFF enjoyed the lively discussions on financial development in this region and around the world.
Since we are right at the beginning of a new year, I would like to get the ball rolling today by looking ahead.
What can we expect from Hong Kong this year as a global hub for finance in Asia?
This region has provided one of the few bright spots around the world in the past year amid the recent global financial turmoil. Asia continues to attract new investment opportunities, and Hong Kong is at the center of the action. Signs are that Mainland China will regain its economic growth momentum this year, while the outlook for the U.S. and the Euro zone is less clear because these regions continue to struggle with their own financial and economic difficulties.
In terms of wealth creation, as the center of gravity of the global economy shifts to the East, we see an increasing number of high-net-worth individuals in the Asia-Pacific region, making our region the fastest growth market for wealth management.”
Sorry, comments are closed for this post.