Venue | Virtual |
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Topic: The Green Building Market and Investment Opportunities Content:
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Venue | Virtual |
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The Alliance for Green Commercial Banks (the Alliance), co-launched by the Hong Kong Monetary Authority (HKMA) and International Finance Corporation (IFC), a member of the World Bank Group, hosted the first roundtable, “CEO Talk: Opportunities for Green Bank Transformation”, virtually on 27 April, 2021. The roundtable attracted over 1,100 participants globally from Asia Pacific, Europe, the Middle East, Africa, and the Americas. Watch Video Replay: |
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Venue | Virtual |
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Topic: Green Commercial Bank Transformation (Introduction) Content:
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Venue | Virtual |
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On December 14-15, 2020, IFC and the Hong Kong Monetary Authority hosted a two-day webinar on climate business and green banking. As countries work to recover from the COVID-19 pandemic, business executives and thought leaders presented innovations in climate-smart technologies and business models and discussed leading solutions to green your business. Watch Video Replay: |
Venue | Hong Kong Convention and Exhibition Centre |
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In times of disruption, sustainable investment that is well-planned and future-focused is likely to be more resilient to climate and economic impacts. Investment in resilience is also cost-effective. According to the World Bank, developing countries alone could see US$4.2 trillion of benefit from investing in more resilient infrastructure – a return of $4 for every $1 invested. It is thus crucial to facilitate more capital flows towards sustainable and resilient projects in emerging markets, especially as post-Covid-19 economic recovery has offered an invaluable chance for countries to “build back better”. The HKMA has been at the forefront of accelerating the growth of green and sustainable finance. In May 2020, HKMA together with 6 local regulatory bodies established a Cross-Agency Steering Group to co-ordinate the management of climate and environmental risks to the financial sector in Hong Kong. The Centre for Green Finance (CGF), an initiative launched under the HKMA Infrastructure Financing Facilitation Office (IFFO), will serve as the focal point for capacity building and experience sharing, will also be responsible for promoting capacity and expertise in Green Finance. As a leading green and sustainable finance centre in Asia and globally, Hong Kong is well positioned to facilitate investments and financing into sustainable and resilient projects. This panel, comprising public and private stakeholders along the investment value chain, will look into the importance of environment and resilience considerations in green financing and share best practices and experience. Panel Chair Speakers Mr Bruno Guilloton Ms Grace Hui Mr Adrian Khoo |
Venue | Hong Kong Monetary Authority |
Event Highlight | International Finance Corporation (IFC), a member of the World Bank Group, signed a new partnership with the Hong Kong Monetary Authority (HKMA) today (9 November 2020) to encourage commercial banks in Asia to adopt strategies and targets to become greener. The signing of the agreement makes the HKMA the first partner to work with IFC on the initiative. As the founding member and first regional anchor for the Asia Chapter of the Alliance for Green Commercial Banks– a new initiative launched by IFC to help develop green commercial banks and encourage more green finance in order to address climate change– the HKMA will serve as the hub for green finance among commercial banks in Asia. |
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Venue | Hong Kong Monetary Authority |
Event Highlight | With the support of 12 industry associations and international chambers of commerce in Hong Kong, the event brought together over 300 senior executives, comprising bankers, corporate treasurers, project developers and operators, and professional service providers. The Seminar highlighted how financial institutions are increasingly factoring in climate-related risks in various aspects such as their governance, lending policies, risk management frameworks, investment portfolios, business models and disclosure. The Seminar also discussed various principles and tools for corporates to transition their business and financing strategies, as they take into account how their lenders and investors view their commitments on Environment, Social and Governance (ESG). |
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Venue | Hong Kong Convention and Exhibition Centre 1 Expo Drive, Wanchai, Hong Kong |
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Panel Discussion Panel Chair:
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Venue | Hong Kong Monetary Authority |
Event Highlight | The Hong Kong Monetary Authority (HKMA) and the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) co-organised the second ‘Connecting Belt & Road, Capturing Opportunities Together’ High-level Roundtable on 9 – 10 July 2019 in Hong Kong to discuss how Central State-owned Enterprises (CSoEs) can leverage on Hong Kong’s advantages to facilitate their overseas investment and business expansion. The event brought together some 30 senior executives from SASAC and six CSoEs, as well as high-level representatives from Hong Kong’s financial and professional service sectors. |
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Venue | Hong Kong Monetary Authority |
Event Highlight | The Hong Kong Monetary Authority (HKMA) unveiled three sets of measures to support and promote Hong Kong’s green finance development. In his opening remarks at the HKMA Green Finance Forum today, Mr Norman Chan, Chief Executive of the HKMA, said that the HKMA will collaborate with the industry and other stakeholders to combat climate change risks and develop green finance. The HKMA Green Finance Forum brought together over 120 representatives from key stakeholders in green finance including banks, asset managers, multilateral development agencies, professional service providers and green associations. The Forum featured panel discussions on policies, practices and prospects of ESG investment; as well as principles and practices relating to green and sustainable banking. |
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Venue | Hong Kong Monetary Authority |
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The event was attended by around 40 senior executives, comprising institutional investors, financiers, project developers and operators, insurers, and professional service providers. On the environmental, social, and governance (ESG) aspect of the programme, IFC specialists used investment cases to elaborate on how ESG is embedded in IFC’s investment process, and the importance of ESG in creating long-term value. IFC also introduced its Disclosure & Transparency Toolkit, which provides best practice guidance on information disclosure for companies attracting private sector investment. Also on impact investing, the IFC introduced their “Operating Principles for Impact Management” (the Principles) – a market standard launched recently for impact investing in which investors seek to generate positive impact for society alongside financial returns in a disciplined and transparent way. |
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Venue | Hong Kong Monetary Authority |
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The one-day seminar covered infrastructure case studies featuring viewpoints of both insurers and the insured on political and commercial risk insurances. Seasoned speakers elaborated on their key strengths and advantageous propositions in political risk insurance and guarantee. Various risk management experts from the Hong Kong insurance industry illustrated how insurance brokers and insurers customised insurance solutions to address the corresponding risk management needs during the project planning, construction and operation phases. At the seminar, attendees were also illustrated with case studies of infrastructure projects in emerging economies that involved both public and private entities of different nationalities, with a view to bringing out the importance of risk management in facilitating project investment and financing in the region. |
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Post-Event Article | View |
Venue | Hong Kong Monetary Authority |
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The workshop used real-life cases in both emerging and developed markets to demonstrate how various financing structures, risk mitigation techniques and corporate governance measures could enhance the bankability of infrastructure projects. It also discussed ways to manage the complex relationships between various stakeholders in Public-Private Partnerships. |
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Venue | Hong Kong Monetary Authority |
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The HKMA Infrastructure Financing Facilitation Office (IFFO) held the second Investors and Debt Financing Roundtables on 25 - 26 October 2018, attended by more than 70 senior representatives from international long-term institutional investors, debt financiers, multilateral financial institutions, project owners and developers, and other key stakeholders in infrastructure financing. The main themes of this year’s Roundtables included collaboration and co-investment in emerging markets, and recent innovations to enhance bankability of infrastructure projects, making use of case studies. The Debt Financing Roundtable also discussed IFFO’s Reference Term Sheet for Non-Recourse Infrastructure Loans in Emerging Markets, which sets out the basic criteria and financiers’ preferences in respect of infrastructure loans’ legal framework, compliance with environmental, social and governance standards, risk mitigation measures and financial structuring. The term sheet is aimed to provide project owners and developers with a tool to make their projects more “bankable” and to facilitate private sector financing into projects in emerging markets. |
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Reference Term Sheet for Non-Recourse Infrastructure Loans in Emerging Markets | View |
Venue | Hong Kong Monetary Authority |
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Private capital participation is the key to bridge the infrastructure financing gap. In this seminar, the GIF will discuss its role in creating bankable infrastructure projects to further leverage private sector mobilisation. The presenters will also discuss active projects in Tunisia and Vietnam to highlight the GIF’s support in designing and preparing complex infrastructure projects. |
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Venue | Hong Kong Convention and Exhibition Centre 1 Expo Drive, Wanchai, Hong Kong |
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Panel Discussion Private sector capital is much needed for financing the infrastructure projects in Belt and Road countries given their vast development needs yet limited fiscal resources. However, participation of private sector capital in infrastructure financing in emerging economies have been limited due to various types of risks. Therefore, properly mitigating various forms of risks is most critical to improving the bankability of infrastructure projects. Comprising senior representatives from different key stakeholders in infrastructure financing, this panel will look into the risk factors that hinder private sector capital’s participation and more importantly, the corresponding mitigation solutions. Panel Chair:
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Venue | HSBC Main Building 1 Queen’s Road Central, Central, Hong Kong |
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Seminar With growing interest from the private sector to capitalise on Belt and Road opportunities, this seminar is designed to raise awareness and promote participation of Hong Kong banks in Belt and Road projects. In line with Hong Kong’s commitment to sustainability, it will put a spotlight on financially sustainable and environmentally friendly projects along the Belt and Road countries. |
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Venue | Hong Kong Monetary Authority |
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Executive Workshop Private sector participation in project finance is critical to narrowing the huge infrastructure funding gap in emerging markets. In this workshop, IFC and MIGA will use real life examples to demonstrate how to improve project bankability, for example through the application of relevant products such as insurance, and identifying, managing and mitigating key risks throughout the project life cycle. |
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Venue | Hong Kong Convention and Exhibition Centre 1 Expo Drive, Wanchai, Hong Kong |
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Policy Dialogue Panel Chair:
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Venue | Queen Elizabeth II Centre, Broad Sanctuary, Westminster, London SW1P 3EE |
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Panel on Infrastructure Investment and Financing Infrastructure financing experts in this panel will share their insights on what China’s Belt and Road Initiative mean for the outside world and how Hong Kong, in particular the recent establishment of the HKMA Infrastructure Financing Facilitation Office (IFFO), can help UK businesses to connect with the vast opportunities arising from it. Panel Chair:
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Venue | Hong Kong Convention and Exhibition Centre (Hall 5FG) |
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Panel on Infrastructure Investment and Financing Comprising of a panel of infrastructure project sponsors and financing experts, this session will discuss the opportunities and challenges arising from the Belt and Road Initiative, and how Hong Kong, with the recent establishment of the HKMA Infrastructure Financing Facilitation Office (IFFO), can further serve as a gateway to these opportunities. Panel Chair:
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Venue | Hong Kong Monetary Authority |
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The Program is designed to help senior decision-makers address critical questions about public-private partnerships in infrastructure, and provide participants with a deeper understanding of the dynamics that determine the success or failure of infrastructure projects and the complex relationship between private infrastructure providers and government. It also helps participants further develop the skills and judgment required to formulate and implement well-structured plans that will stand the test of time. |
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Venue | China National Convention Center, Beijing |
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Opening Session
Panel Discussion on Mobilizing financing via multiple channels to unblock financing bottleneck
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Panel Discussion on Promoting networking of financial institutions to strengthen financial cooperation
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inSight: Belt and Road Forum for International Cooperation | View |
Speech (Chinese Version) |
Venue | Hong Kong Monetary Authority |
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Debt Financing and Investors’ Roundtable The Debt Financing Roundtable was held on 23 March. Participants shared experience and opportunities in co-financing initiatives and programmes provided by the public and private sector institutions, and how infrastructure projects could be made more bankable through different risk mitigation measures. The Investors’ Roundtable was held on 24 March. A group of like-minded investors interested in infrastructure investments, discussed on the outlook of the global infrastructure investment landscape, setting of common parameters for investing in emerging markets (such as investment structures, revenue characteristics, risk-return analyses as well as environment, social and governance factors), risk mitigations required to make projects more investable, and upcoming infrastructure investment opportunities. |
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inSight: A Promising Future for Infrastructure Investment and Financing | |
Reference Term Sheet | View |
Venue | Auditorium, 11/F of the Bank of China Tower |
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Seminar on Risk Mitigation Techniques in Infrastructure Financing for the Belt & Road Initiative Financial capacity is one of the most important aspects to the success of the Belt & Road Initiative. The seminar provided an interactive forum to share insights on how market participants can build more capacity through the inclusion of sophisticated risk mitigation techniques available for infrastructure financing for the Belt & Road Initiative. The seminar featured panel discussions on Legal and Regulatory View of Credit Insurance, the Role of Private Sector Credit Insurance, Partnership between Commercial Banks and Development/ Policy Banks, as well as Asian Development Bank's experience sharing on risk mitigation of financing infrastructure projects. |
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Venue | Hong Kong Convention and Exhibition Centre (Hall 5FG) |
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Panel on Infrastructure Financing Infrastructure Financing in Asia: Prospects and Challenges There is increasing focus on the vast potential and opportunities in infrastructure development and their related financing activities in Asia, which is given further impetus by China's implementation of the Belt and Road Initiative. According to the estimates of the Asian Development Bank, funding needs for infrastructure development in emerging economies in Asia alone would be around US$800 billion per year up to 2020. As an international financial centre and the most important springboard for Chinese corporates to go and expand overseas, Hong Kong is uniquely well positioned to facilitate infrastructure investments and their financing. At the same time, it remains a key challenge to make many of these infrastructure projects more "bankable". In light of these developments, the Hong Kong Monetary Authority has in July 2016 established the Infrastructure Financing Facilitation Office (IFFO) with a mission to facilitate infrastructure investments and their financing by bringing together and working with a cluster of key stakeholders in this field. This panel brought together key stakeholders from the public and private sectors to exchange views on the opportunities and challenges surrounding infrastructure development and financing in Asia. It also looked into the pivotal role that Hong Kong can play in the centre of these exciting developments. Moderator:
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Venue | Hong Kong Convention and Exhibition Centre (Hall 5E) |
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IFFO Infrastructure Investment Promotion Event IFFO organised an Infrastructure Investment Promotion event in the AFF Deal Flow Matchmaking Session and invited representatives from the governments / investment promotion agencies of Bangladesh, Hungary, Iran, Kazakhstan and Turkey to present the investment environment of these countries and elaborate on the upcoming infrastructure projects and financing opportunities. Presenting Organizations (Listed in alphabetical order of country name):
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Venue | Harbour View Ballroom, 4/F, Four Seasons Hotel Hong Kong, 8 Finance Street, Central, Hong Kong |
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President Jin Liqun on AIIB’s Operations and Projects |
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Host | HKMA Infrastructure Financing Facilitation Office (IFFO) |
Lead Organiser | International Finance Corporation (IFC) |
Organiser | Eastspring Investments |
Venue | Hong Kong Monetary Authority |
Event Highlight | Private Participation in Infrastructure Project Finance in Emerging Markets Private participation in project finance is critical to narrowing the huge funding gap faced by infrastructure development in emerging markets. The workshop will discuss various issues in infrastructure investment and financing including macroeconomic situation and development trend of the infrastructure sector, project development models such as PPP and structuring and financial close, through keynote speeches, case studies and group discussions. |
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Venue | Plateau Hall, Kap Europa Messe Frankfurt GmbH, Osloer Straße 5, 60327 Frankfurt am Main, Germany |
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Thematic session on In its 13th Five Year Plan, the Chinese government reaffirmed its Hong Kong as the leading international financial centre offers a major Keynote Presentation:
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Venue | 2/F, Grand Ballroom, Four Seasons Hotel Hong Kong 8 Finance Street, Central, Hong Kong |
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Panel on Infrastructure Financing The continued opening up of the Chinese economy, steadfast progress of RMB internationalisation, and the implementation of the Belt and Road Initiative will continue to drive the economic development of China and its neighbouring economies. As an international financial centre and the leading global offshore RMB hub, Hong Kong would further reinforce its role as a springboard for Chinese companies expanding overseas, and for overseas corporations to enter the Mainland market. What are the advantages of Hong Kong with the accelerating implementation of the Belt and Road Initiative under the 13th Five Year Plan? The panel reviewed the latest development of RMB business in Hong Kong, and explored how the implementation of concessionary tax measures would help develop Hong Kong into a corporate treasury centre. In addition, the panel further reviewed how the recent establishment of the Infrastructure Financing Facilitation Office would accelerate Hong Kong's development into a major infrastructure financing centre. Moderator:
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