- The event focused on how Hong Kong’s position as an international financial centre can be leveraged to navigate and adapt during a period of change, paving the way for more high-profile conferences and exhibitions in the year ahead

- More than 700 one-on-one AFF Deal-making meetings were held on-site, connecting funds and investment projects from around the world

- On-site polling indicated that generative AI-led innovation (41.6%) and non-AI innovation, including digital infrastructure & healthcare (23%), were seen by most participants as the most critical growth engines in Asia Pacific.

The 18th Asian Financial Forum (AFF), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), successfully wrapped up today under the theme “Powering the Next Growth Engine”. This year’s forum attracted over 3,600 global financial and business elites from more than 50 countries and regions. The event leveraged Hong Kong’s role as an international financial centre to strengthen the international communication platform, foster multilateral cooperation and promote mutually beneficial outcomes. Three high-level Mainland China officials attended the Opening Session of the AFF yesterday, including Zhou Ji, Executive Vice Director of the Hong Kong and Macao Affairs Office of the State Council of the People's Republic of China and Hong Kong and Macao Affairs Office of the State Council; Dr Pan Gongsheng, Governor of the People's Bank of China; and Liu Zhenmin, Special Envoy for Climate Change of China.

As the year’s first large-scale international financial and business event in the region, the atmosphere at the AFF was vibrant and charged with a positive energy. The forum showcased emerging perspectives across the diverse sessions, all of which were well-attended and well-received by speakers and audiences alike. Leaders from around the world actively engaged in discussion throughout the two-day event, with more than 130 policymakers, international financial and multilateral organisation representatives, financial institutions, and global corporate leaders joining as speakers.

The speaker at the Keynote Luncheon on the first day of this year’s AFF was Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012), who delivered an in-depth analysis of the shifting global economic landscape. Prof Lin pointed out: “In terms of purchasing power, China has the largest domestic market in the world. I think China can reach a 4.5 % growth rate on the average annually between 2019 and 2049. Thus China will continue to contribute around 30% of growth to the world every year. It’s good not only for China, but also will be the most important asset of Hong Kong in the coming years.”

Keynote Luncheon today focused on AI: Future Industries and Implications, with Prof Stuart Russell, Co-chair of the World Economic Forum's Council on AI, sharing his insights into the development, application and governance of generative AI. Prof Russell said: “We could build AI systems that are guaranteed to further human interests but we aren’t.

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