The 19th Asian Financial Forum (AFF), jointly organised by the Hong Kong SAR (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), concluded successfully today. The forum attracted an enthusiastic response, drawing over 4,000 leaders from governments and business sectors across over 60 countries and regions. Over the two-day forum, over 150 financial officials, leaders of multilateral organisations, representatives from financial institutions and enterprises took the stages as speakers. The forum also launched the inaugural Global Business Summit to further integrate finance with key industries, driving innovation and economic development, while injecting strong momentum into Hong Kong as it embarks on a new chapter in the year ahead by strengthening its role through financial empowerment.The Asian Financial Forum kicked off International Financial Week 2026, marking the first significant financial event in the region this year. AFF’s various sessions, including Plenary Sessions, Keynote Luncheons, a Breakfast Panel and thematic workshops, were all well attended. Guests engaged actively in exchanges on a wide range of trending topics, offering valuable insights and forward-looking perspectives.
At the Keynote Luncheon on the first day of AFF, Dr José Manuel Barroso, Former President of the European Commission, Former Prime Minister of Portugal, and the Chairman of the Advisory Board of Goldman Sachs International, delivered a keynote speech on Hong Kong’s pivotal role in fostering regional cooperation and how Asia can draw on Europe’s experience to deepen economic integration. Dr Barroso said: “What we are seeing now is a technological race. This creates instability. And so, the major companies in the world – American, European, but also in Asia – the leaders want to see how they can position their corporations in a favourable position facing the geopolitical risk and the technological risk.”
Furthermore, at the Panel Discussion on Global Economic Outlook, Dr Zhu Min, Member of the Senior Expert Advisory Committee of the China Center for International Economic Exchanges (CCIEE), spoke about the opportunities that renminbi internationalisation will bring to Hong Kong. He said: “I see competition among the three major currencies. RMB internationalisation requires liquidity and a bond market – Hong Kong is perfectly positioned to provide this service.”
At the forum yesterday, the Financial Services and the Treasury Bureau signed a cooperation agreement with the Shanghai Gold Exchange, marking a significant milestone in strengthening collaboration between the Hong Kong and Shanghai gold markets. The agreement established a high-level cooperative governance framework for Hong Kong’s central gold clearing system, explored opportunities for coordinated development of physical infrastructure, and enhanced market connectivity. This initiative represented an important step forward in Hong Kong’s development as an international gold trading hub.
The inaugural Global Business Summit, co-organised by the Financial Services and the Treasury Bureau of the HKSAR Government, HKTDC and the Office for Attracting Strategic Enterprises (OASES), was held today as part of AFF. The summit opened with welcome remarks delivered by Paul Chan, Financial Secretary of the HKSAR Government, and Prof Frederick Ma, Chairman of the HKTDC.
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