The Future of Trade financial: Opportunities for Hong Kong, Asia and the World – Presentation and Panel Discussion
Speakers:
Natalie Blyth
Global Head of Trade and Receivables financial, HSBC
Alessio Botta
Senior Partner, McKinsey & firm
Howard Lee
Deputy Chief Executive, Hong Kong Monetary Authority
Andrew Wilson
Global Policy Director, International Chamber of Commerce
Moderated by:
Pamela Mar
Executive Vice President – Knowledge and Applications, Fung Group
Small and medium sized enterprises (SMEs) are the backbone of many economies across Asia – where they account for over 90% of enterprises, and the bulk of employment – by have been increasingly underserved by global financial. The trade financial gap – estimated at $1.5 trillion USD pre-pandemic – has worsened to $1.7 trillion in 2020. The persistence of covid, the increasing pace of digitization, and the skills gap—do not bode well for SMEs, particularly in the emerging markets.
Against this backdrop, the Advisory Group on Trade financial, formed by the International Chamber of Commerce in 2020, proposes a new vision for trade financial built around accessibility for SMEs, digitization and global interoperability. The technology exists to overhaul how trade financial works and make it a lot more inclusive. There are clear opportunities for Hong Kong, Asia and the world in this new ecosystem.
Full event replay: https://youtu.be/HApQc9z9SvU
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