In recent years, Hong Kong’s position as a global financial centre has faced a number of challenges from other major hubs such as London and Singapore, as well as from Chinese cities like Shanghai and Shenzhen which are stepping up efforts to compete on different areas.
In this dialogue, renowned speakers will share their views in discussing Hong Kong’s policies, its financial infrastructure, governance issues, and the development of new financial products and services. They will consider how Hong Kong can take advantage of opportunities in order to sustain and improve its competitiveness as a global financial hub.
Apart from looking at potential benefits resulting from China’s Belt and Road economic initiative and the development of the Greater Bay Area, the dialogue will also examine problems associated with an ageing population and, for instance, the possible impact on the insurance sector.
Professor Leonard K Cheng became President of Lingnan University in Hong Kong in September 2013. Prior to joining Lingnan, he served as Dean of the School of Business and Management of the Hong Kong University of Science and Technology (HKUST Business School) from 2009 to 2013. After receiving his MA and PhD in economics at the University of California, Berkeley, he taught at the University of Florida for 12 years before returning to Hong Kong where he became one of the founding members of HKUST and served as Head of Economics, Associate Dean and Director of the PhD and MBA programmes of the HKUST Business School.
Dr Joseph Yam has a distinguished public service career of over 38 years in Hong Kong, dealing mainly with monetary and financial affairs. Dr Yam was the first Chief Executive of the Hong Kong Monetary Authority from 1993 to 2009. He introduced many strategic measures that helped to ensure financial stability in Hong Kong and develop Hong Kong as an international financial centre. Currently, Dr Yam is the non-official member of Executive Council, Executive Vice President of the China Society for Finance and Banking and Distinguished Research Fellow of the Lau Chor Tak Institute of Global Economics and Finance at The Chinese University of Hong Kong. He was awarded the Gold Bauhinia Star and the Grand Bauhinia Medal in 2001 and 2009 respectively.
Mr Rex Auyeung has worked in the insurance industry in Canada and Hong Kong for over 40 years. Mr Auyeung entered the insurance industry since 1977 and worked in many areas, including actuarial reporting, marketing and underwriting. In 1994, Mr Auyeung joined Principal International, Inc. and he was the Chairman – Asia of the Principal Financial Group before his retirement. Mr Auyeung is the member of the Investment Sub-committee of the Community Chest of Hong Kong. He is a member of the Public Affairs Forum of the Home Affairs Bureau. He was appointed a member of the Mandatory Provident Fund Office Specialist Group and was the Deputy Chairman of the Retirement Scheme Sub-committee of the Life Insurance Council of the Hong Kong Federation of Insurers. He is Chairman of the Council of Lingnan University since 2014.