HONG KONG, March 12, 2019 /PRNewswire/ -- Organised by the Phoenix Exhibitions Co Ltd., the first Phoenix Exhibitions Economic Forum concluded successfully on 6 Mar, 2019, with around 200 financial experts and business leaders in attendance. In recent years, the international situation has been changing. The concurrent issues of Brexit and Sino-US trade war affect the global economic pattern acutely that had never happened before. The relationship among major powers is complicated with interest groups intertwined. Since the Sino-US trade negotiation will be an on-going issue, how it affects global investment has become one of the focuses of this forum. The Economic Forum was held by Phoenix Exhibitions Co Ltd. The Under Secretary for Financial Services and the Treasury of the Government of Hong Kong SAR, Mr. Joseph H. L. Chan, JP, was invited to present the keynote speech. During the forum, financial experts and business leaders discussed the global investment in the new economy.
A group of guests including Mr Joseph H. L. Chan, JP, the Under Secretary for Financial Services and the Treasury of the Government of Hong Kong SAR (2nd from right), Mr. YEUNG Ka Keung, the Executive Vice President and Chief Financial Officer of Phoenix TV (1st from right), and others, to take a group picture
The first Phoenix Exhibitions Economic Forum invited a number of experts, including Ms. E Zhihuan, PhD, Chief Economist of Bank of China (Hong Kong) and Director of Chinese Financial Association of Hong Kong, Mr. WONG John CW, Tax Partner and China & Hong Kong Leader in Private Client Services of PwC, Mr. DENG Benjamin, Group Chief Investment Officer of China Pacific Insurance (Group) Ltd., Mr. SUN Mingchun, PhD, Chairman and CIO of Deepwater Capital Limited and Vice Chairman of Chinese Financial Association of Hong Kong attended the forum to discuss several important issues, including "Family Wealth Management Story", "How the Latest Situation of the Sino-US Trade Affects Investment", "Insurance Investment Strategy and Risk Management", and "Global Investment Situation Analysis".
"The Sino-US trade issue is one of the uncertainties in the current financial market. The agreement between China and the US trade will benefit the global economy and trade growth," said Ms. E Zhihuan, PhD, Chief Economist of Bank of China (Hong Kong) and Director of Chinese Financial Association of Hong Kong.
Mr. DENG Benjamin, Group Chief Investment Officer of China Pacific Insurance (Group) Ltd., emphasized: "Compliance with laws is the basic principle of practicing business. The strategic asset allocation and reasonable liability cost management through the cycle are the most effective management tools for long-term asset-liability matching risks. The credit default risk is an extremely expensive 'one-way ticket'. Short-term market volatility is not the focus, but long-term operating income is the core. Derivatives can be an effective risk management tool with sufficient management capabilities and controllable costs."
About PHOENIX EXHIBITIONS
PHOENIX EXHIBITIONS is the exhibition business segment of Phoenix Satellite TV Group with the objective of organizing exhibitions, forums, and major events. Together with the other businesses of the Group's omni-media platform - satellite TV, new media, outdoor advertising, publishing, magazine etc. -- the company creates holistic synergy for the enterprise.
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