CICC China International Capital Lim : 11th Asian Financial Forum Opens in Hong Kong; CICC CEO Bi Mingjian Delivers Remarks

11th Asian Financial Forum Opens in Hong Kong; CICC CEO Bi Mingjian Delivers Remarks

The two-day 11th Asian Financial Forum (AFF), co-organized by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), opened on January 15th, 2018 in Hong Kong. China International Capital Corporation Limited (CICC, 3908.HK) acted as the sole sponsor for the Keynote Luncheon on January 15th.

The theme of this year's AFF is 'Steering Growth and Pioneering Innovation: Asia and Beyond.' More than a hundred international speakers, including financial policymakers, business leaders and heavyweight investors, gathered here examining the latest economic trends and offering their insights for investment planning in the coming year.

Mr. Bi Mingjian, CEO of CICC, mentioned in his opening speech at the luncheon that China's supply-side structural reform made tremendous achievements in the past year. The result of the reduction of overcapacity and inventory, de-leveraging capacity of traditional economies such as real estate, coal and non-ferrous industries was better than market expectations. Corporate profits and bank asset quality improved significantly. CICC will remain optimistic with China's economic growth in the year of 2018 and 2019 due to the growing trend of new economies such as Big Data, Fintech, etc.

Mr. Bi Mingjian also indicated that in 2017, in addition to the existing branches in Hong Kong, New York, Singapore and London, CICC recently opened a new office in San Francisco to accelerate the progress of internationalization of the company. In the future, with the internationalization of RMB and the further opening up of China's financial sector to the outside world, CICC wishes to provide integrated service solutions for the Chinese enterprises and investors with their overseas expansion and asset allocation, as well as to foreign enterprises and investors who are interested in China capital market. It is important for CICC to seize the critical opportunities for the achievement of the goal to build a world-class investment bank.

Launched in 2007, the AFF brings together some of the most influential members of the global financial and business community to discuss developments and trends in the dynamic markets of Asia. CICC has been sponsoring this Keynote Luncheon for six years since 2012. In the last, Mr. Bi Mingjian wishes Asian Financial Forum another huge success and looks forward to providing continuous support to the growth and innovation of the global economy in the future.