The HKMA Infrastructure Financing Facilitation Office (IFFO) organised high-level Debt Financing and Investors’ Roundtables on 23 – 24 March 2017. The events were attended by around 100 top management from the key players in infrastructure investment and financing. They included public and private sector investors, multilateral financial agencies and development banks, asset managers, banks, project developers and professional service firms.
The Debt Financing Roundtable was held in the afternoon of 23 March. Participants shared experience and opportunities in co-financing initiatives and programmes provided by the public and private sector institutions. They also discussed how infrastructure projects could be made more bankable through different risk mitigation measures.
The Investors’ Roundtable was held on the following day. It brought together a group of like-minded investors interested in infrastructure investments, including international sovereign wealth funds and pension investors from Australia, Canada, China, South Korea, the Netherlands, Singapore and the United Arab Emirates, with total assets under management exceeding US$ 4 trillion. The discussion focused 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.
Mr Norman Chan, Chief Executive of the HKMA, said, “The two-day Debt Financing and Investors’ Roundtables organised by IFFO pools together major institutional investors, multilateral financial institutions, insurance companies, project developers and other stakeholders to conduct thorough discussions on issues such as risk management, governance framework, etc, which are of common interest in the context of infrastructure investment and financing in emerging economies.”
“While there is a huge demand for infrastructure investment along the Belt and Road countries, institutional investors are also actively seeking long term and stable returns for their large sums of capital. The IFFO Roundtables will enhance the mutual understanding among investors, financiers and project developers, which will facilitate future infrastructure investment and financing in the region.”
On the announcement made by the Asian Infrastructure Investment Bank (AIIB) on 23 March that Hong Kong will become a new member of AIIB upon deposit of the first installment of capital subscription, Mr Norman Chan said, “I very much welcome the decision of the AIIB’s Board of Governors. As Hong Kong becomes a member of AIIB, we expect our capital markets and financial institutions to be better positioned to serve AIIB in areas including project investment and finance, bond issuance, treasury management, and foreign exchange management. IFFO will work with the AIIB to make use of the Hong Kong platform to further facilitate infrastructure investment and financing in the region.”
Going forward, IFFO will continue to organise and participate in different international and local events to facilitate information exchange among key stakeholders, and enhance their knowledge on topics related to infrastructure investment and financing.
HKMA Infrastructure Financing Facilitation Office
24 March 2017
Mr Norman Chan, Chief Executive of the Hong Kong Monetary Authority, gives opening remarks at the Debt Financing and Investors’ Roundtables.
The roundtable events are attended by top management from the key players in infrastructure investment and financing, including public and private sector investors, multilateral financial agencies and development banks, asset managers, banks, project developers and professional service firms.
The Investors’ Roundtable brings together a group of like-minded investors interested in infrastructure investments, including international sovereign wealth funds and pension investors from Australia, Canada, China, South Korea, the Netherlands, Singapore and the United Arab Emirates.
As part of the HKMA, IFFO’s mission is to facilitate infrastructure investments and their financing by working with a cluster of key stakeholders. The functions of IFFO are:
For more information about IFFO, please visit http://www.iffo.org.hk.