Funds Management

Exchange insights, network & do business at the AFF, Hong Kong

2015 Welcome dinner with VIP guests Josh Freyenberg, Assistant Treasurer and Austrade, HKTDC & AustCham HK.
2015 Welcome dinner with VIP guests Josh Freyenberg, Assistant Treasurer and Austrade, HKTDC & AustCham HK.

Why take part in an Australian business delegation?

According to David Thomas, Founder of Think Global and more recently the Australia China SME Association, having led the Australian mission to the Asian Financial Forum (AFF) over the last seven years, the benefits according to more than 200 delegates can be summarized into three key areas:

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  1. Enormous value – instead of lying on the beach in January, attending the AFF is an inspiring start to the year. You get to hear from some incredible speakers you wouldn’t hear anywhere else such as the chairman of Wanda Group sharing his global vision.
  2. Making connections – coming back with a mountain of business cards, with almost 3,000 delegates from Asia and around the world. Many want to do business in Australia and are seeking out those who can build a bridge.
  3. Team Australia –  relationships with other delegates, looking out for each other and scouting opportunities, plus of initial and ongoing business opportunities.

You can download Davids latest ebook “My China Insights” here.

What is the Asian Financial Forum?

Hong Kong Trade and Development Corporation (HKTDC) host this global finance and business forum at the start of each year with world leaders, economic insights and business matching co-hosted with the  Hong Kong Venture Capital Association.

The 2016 event “Asia: Shaping the New Paradigm for Growth” shaping global business and finance included speakers such as Ben Bernanke, former Chairman of the US Fed and Stuart Gulliver, Group Chief Executive of HSBC, who said the conference was very important in focusing on Hong Kong as a leading Asia Pacific financial centre.

You can view the 2016 highlights video here.

For 2017 the theme is for the 10th Asian Financial Forum is “Asia: Driving Change, Innovation and Connectivity.” 

Day one includes speakers from the International Monetary Fund, S & P Global Ratings, Japan’s Government Pension Investment Fund, Minister of Economic Affairs and Finance, Iran, China-ASEAN Investment Cooperation Fund and China UnionPay.

Day two sees topical and sector specific workshops covering payment technology and cyber security, Health Insurance and Technology, Insurance and Actuarial Regulatory Developments, Infrastructure Financing, Private Investment and Wealth Management, the ASEAN and Middle-East investment outlook and China-India economic partnership and integration.

You can view the 2017 promotional video here.

The event is supported by the Australian and Hong Kong governments

Australian Trade Commission

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Bing Liu has recently returned from China and shared the key priorities for Austrade in terms of  the Financial Services sector:

  • RMB Internationalisation – Australia is now a hub for RMB clearing
  • Wealth Management – today we have the first generation experiencing a rapid increase in wealth, generating opportunities for Australias wealth management capabilities
  • Infrastructure investment –  the One Belt One Road project
  • Fintec – financial technology and disruption is a stong economic driver going forward.
Invest Hong Kong

Invest Hong Kong logo

Luca de Leonardis, passionate about Hong Kong explained, at historic Hong Kong House in Druitt St Sydney, the various government bodies available to help including setting up an office in Hong Kong and arranging business introductions.

Invest Hong Kong also runs StartmeupHK, an integrated one-stop initiative to bring global entrepreneurs to Hong Kong, including government incentive and incubation schemes, accelerators, angels and VCs.

Hong Kong Trade and Development Council

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Bonnie Shek shared some key stats on Hong Kong and the AFF:

  • Financial Centre – world’s top IPO market, Asia’s second largest private equity centre, leading fund and asset management in Asia  with US$2.27 trillion combined business, 70% of which are from non-Hong Kong investors, and gateway to 4.7 million high net worth individuals.
  • Foreign Direct Investment – cumulative outward FDI reached US$880 billion Chinese  Mainland Close to 60 % of  Chinese investments directed to or channeled through Hong Kong
  • Top-notch Speakers – including leading global financial institutions and corporates, governments, world renowned institutions and academia.
  • Attendees – 38% financial services, 36% corporates with the balance chambers and associations, government, regulators and academia.

You can see more insights from the HKTC AFF presentation here

But what do previous delegates have to say?
  • Ben Weeding, despite having lived and worked in Singapore and Japan thought he knew Asia. Speaking to those on the ground and presenting at mission event to expats in Macau re-shaped his focus at Buyside on the needs of property investors and commercial opportunities.
  • Jennifer Fong, having helped more than 10,000 inbound migrants got to meet key influencers, took “selfies” whilst positioning Visacorp and Migration Alliance.
  • Peter Black, whilst having no commercial objective gained insights on doing business in China, how to navigate technology and today can offer constructive input to his business and executive clients via Alchmey Group who are looking to do business with the Chinese.

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You can read Peter’s blog from the 2015 mission including  a review of “Inside the Chinese Mind” here and view other delegate testimonials from January 2015 here and January 2016 here.

How to participate

If you have or are exploring an Asia growth strategy, are seeking distribution or referral partners or capital for projects and would like to connect with Chinese investors you should consider attending the delegation.

Contact Stacey Martin on +61 413 127 677 or email: auschinaexpert@expatadvisorscommunity.com.au to discuss whether the AFF Forum, deal flow and range of sessions being planned can support your business objectives.

You can complete the on-line registration here or download the flyer and booking-form_final booking-form_final form. 

About Stacey Martin

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Having attended the last four business missions hosted by Think Global, Stacey Martin is delighted to take the reigns from David Thomas in leading this year’s delegation.

Stacey is an Aus-China Consultant and founder of the Expat Advisors Community network. With an extensive career in financial services and private wealth management, Stacey consults with SMEs wanting to do business in China, drawing on her experience working with Chinese investors. This includes market entry strategies, facilitating strategic business connections and professional services introductions and navigating culture. 

 

INVITATION: Hong Kong Trust Company in Australia – breakfast Tuesday 18th October

 Hong Kong_Symphony of Lights

When visiting Hong Kong recently preparing for our delegation to the Asian Financial Forum in January 2017 I spent some time with Carolyn Bulter from The Hong Kong Trust Company. We are delighted to extend an invitation to their “Hong Kong Link: Australia and China” events – Business Opportunities for Australian Firms
Carolyn Butler, The Hong Kong Trust Company
Carolyn Butler, The Hong Kong Trust Company

Ken Deayton, Founder & Director, Callan Anderson – Executive Director and Carolyn Butler – Director and CEO will be in Sydney 17th to 19th October and Melbourne 21st, 24th and 25th October.

This is a great opportunity to hear directly from in-market participants on how a special administrative region such as Hong Kong can help convert opportunities with the growth in mainland China into commercially viable results and get the most out of any business ventures.

The team will cover issues dealing with the regulatory constraints and compliance requirements including:

  • Capital raising structures
  • Protecting your assets through trusts and other structures
  • Ensuring the optimal on-shore and offshore structures for tax and trade efficiency

And how to build relationships with local governments, clients and industry experts.

Event Details


Date:      
Tuesday 18th October 2016

Time:      7.30am for  8.00am to 9.30am followed by networking

Venue:    Langham Hotel, 89-113 Kent St Sydney NSW 2000

RSVP:      Email: events@hongkongtrustco.com or contact Stacey Martin in Sydney on 0413 127 677

For more information, you can download the Sydney invitation and flyer “Hong Kong Link – Australia & China 2016” here.

About The Hong Kong Trust Company Group

 As a registered Trust Company in Hong Kong they provide professional trusteeship and fiduciary services, fund and private equity structures and administration and a full range of corporate, accounting and tax compliance services for individuals, family offices, intermediaries and corporations. 

These structures and services provide for the protection and administration of international wealth planning, estate management and tax efficiency and can assist with the establishment of PRC entities.

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What China’s Rebalancing Means for the future of Australia’s finance sector

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The Australia China Business Council (ACBC) and ShineWing Australia recently released the industry leading 2016 Australia China Trade Report – The Long Boom: What China’s Rebalancing Means for Australia’s Future.

The report, produced in conjunction with Monash Business School and the Australian Centre for Financial Services, serves to highlight some of the opportunities that may flow to Australia as a result of “China’s Rebalancing” from an infrastructure investment-led, to a consumer demand-driven economy.

Australia’s Finance and Insurance sector

China presents an enormous opportunity to expand it’s current output, share of the economy and jobs. As a major employer of Australian workers and the largest single contributor to corporate tax receipts, expanding this sector through greater trade and investment with China will have a major flow-on impact for the wider economy.

Some of the  key messages for the finance sector include:

  • Financial services is Australia’s single largest industry contributing more gross value to the Australian economy than the mining sector
  • China could represent up to 19% of Australia’s financial services export market by 2026
  • China’s share of the financial services export pie is projected to grow from 11% to 16% in 2026, which will result  in the growth of more than 110,000 jobs.

“Like healthcare and education, financial services will be a key driver of Australian economic growth over the next decade”.

Continued Opportunities for Growth

Modelling by the Australian Centre for Financial Studies rebuts the view that China’s softening growth will have a predominantly negative impact on Australian trade. In particular:

  • China’s demand for Australian exports will grow as it modernises its economy and the middle class grows by an estimated 109 million adults
  • China will claim just over 31% of Australia’s exports by 2025, up from 28% at present
  • Close to one million new jobs could be created across the five key industries of financial and insurance services, healthcare and social assistance, education, tourism and construction by 2026.
Conclusion

The future of the Australia-China trade relationship is one of both opportunity and challenge. Key opportunities lie in industries other than mining that align with China’s likely growth profile. The rising Chinese middle class presents an opportunity to broaden and deepen the Australia-China bilateral economic relationship in the generations to come with services already accounting for around 75% of Australia’s economic output and some 85% of employment.

Even with a relatively conservative forecast for Chinese economic growth, China appears set to remain Australia’s dominant trading partner. However, the ability to capitalise on Chinese demand will be contingent on policy decisions, such as visa and investment policy, foreign investment screening thresholds, export finance and insurance.

Tim Hogan-Doran, ShineWing Australia
Tim Hogan-Doran, ShineWing Australia

For more information on the report and it’s implications for Australian businesses, contact community member Tim Hogan-Doran from ShineWing Australia or download the full report here.

Asian Financial Forum: funds management and fintec delegation – 15th to 20th January 2017

2015 Welcome dinner with Josh Freyenberg, Assistant Treasurer and supporters from Austrade, HKTDC & Austcham HK.
2015 Welcome dinner with Josh Freyenberg, Assistant Treasurer and supporters from Austrade, HKTDC & Austcham HK.
I am excited to be taking the baton from David Thomas, CEO of Think Global Consulting in leading the Australian delegation to the Asian Financial Forum (AFF) in January 2017. Organised by the Hong Kong Trade and Development Council (HKTDC), this year’s theme is ” Asia: driving change, innovation and connectivity.”

Continue reading Asian Financial Forum: funds management and fintec delegation – 15th to 20th January 2017

Exporting Australia’s world class financial services

andrew Robb
Attending Australia Week in China in April 2016 and hearing from local sovereign wealth and other managers during the financial services dialogue in Shanghai, the financial capital of China, it became clear to me that Australia, with strong financial services capabilities and regulatory frameworks, has a lot to offer China in supporting the substantial growth in the Wealth Management sector.

Evolution of Australia’s financial services sector

Mark Johnson, AO Chairman of the Australian Financial Centre Task Force, and Australian representatives on the APEC Business Advisory Council, shared his experience of reform and development of the Australian financial services market from being restricted and regulated in the 1970’s, to today’s open and competitive market. Continue reading Exporting Australia’s world class financial services