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:
- 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.
- 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.
- 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
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
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
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.
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: firstname.lastname@example.org to discuss whether the AFF Forum, deal flow and range of sessions being planned can support your business objectives.
About Stacey Martin
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.