Financial Center News / 12 August 2024
??? #WAIFC published a new opinion by Janos Müller, Chief Advisor at the Hungarian Banking Association: “The Role of International Financial Associations in the One Belt One Road” ??
??? He stated: “The changing world order is a great challenge for the international financial system and its regulation, the role of international financial associations, federations should promote cooperation and cohesion.”
?? Read the full article: https://lnkd.in/esHxMSyp
Abu Dhabi Global Market?(ADGM)
Marking 40 years of UAE-China cooperation, ADGM announced the 'UAE-China Summit presented by HSBC' during our China Roadshow. The Summit will take place during ADFW 2024. Over 75 engagements in Shanghai and Hong Kong laid the groundwork for future collaboration, including cross-border regulatory ties, expansion plans, and enhanced capital market liquidity. Significant Chinese financial institutions are now exploring opportunities to establish in ADGM.
Learn more here: ?? https://lnkd.in/dYHVNFSE
#UAEChina #ADGM #ChinaRoadshow #HSBC #ADFW2024 #FinancialCollaboration #CapitalMarket #RegulatoryTies #EconomicGrowth #GlobalFinance
Astana International Financial Centre?(AIFC)
?? Are you prepared to engage with the brightest minds in the financial sector? We are thrilled to announce that registration for Astana Finance Days 2024 (#AFD2024) has officially commenced. Follow these three straightforward steps to join us for this landmark event:
?? Visit Our Website. Head over to our website to access detailed event programs, the latest updates, a comprehensive list of distinguished speakers, and other essential information. Stay informed and plan your experience.
?? Click on the "Register" Button. Locate the "Register" button in the top right corner of the website. Click it to open the registration form, where you can enter your personal details to secure your spot at the event.
?? Receive Your Confirmation. Upon successful registration, you will receive a confirmation email. In this email, you will find useful links, instructions and information about additional services and options available at the conference. Astana Finance Days 2024 promises to be an unparalleled opportunity to network, learn, and engage with industry leaders and peers. Don't miss out on the chance to be part of this transformative event. Mark your calendars for September 5-6, 2024, and be a part of the future of finance. Join us at #AFD2024 and help shape the financial landscape of tomorrow.
?? September 5-6
?? Registration – astanafindays.org
Busan Finance Center?(BFC)
Greeting from Busan Finance Center ??
Today, the 3rd BFC concert, in collaboration with BIFC, was held!
?? Today's performance was led by the Busan Philharmonic Orchestra and featured bassoon, flute, oboe, clarinet, horn, and, notably, percussion. The program included Carmen Suite No. 1-6 (Georges Bizet), TicoTico (Zequinha de Abreu), Bam Yanggaeng (BIBI), Radetzky March (Johann Baptist Strauss).
? The BFC concerts will continue with diverse programs every Thursday until September 19th, from 12:15 PM to 12:45 PM (KST). We appreciate your continued interest and support! ??
Casablanca Finance City?(CFC)
Learn about the Republic of Cameroon: a natural gateway to the landlocked regions of Central Africa. Mostly renowned for exporting crude petroleum and with a current GDP approaching 48 billion dollars, swipe left to discover this month’s country fact sheet in 5 facts & figures, ???
Dubai International Financial Centre?(DIFC)
Ripple, the leading provider of enterprise blockchain and crypto solutions and DIFC Innovation Hub have partnered to accelerate the adoption of blockchain technology in the Middle East. ? The partnership aims to foster XRPL technology among startups and scale-ups, supported by Ripple's commitment of one billion XRP. This initiative reinforces Dubai's role as a global FinTech hub, advancing economic growth and technological innovation in the region.
To know more, visit: https://lnkd.in/gs5Eztab #difcinnovationhub #difc #uae #dubai #ripple
Economic Development Board Mauritius?(EDB)
"The vision for the MINDEX Group was and remains that of building a complete and regulated financial infrastructure that can bridge the gap between the traditional financial system and the digital arena, while at the same time addressing financial infrastructure gaps and inefficiencies within the African region. Our objective is to roll out unique financing models for businesses and infuse the necessary liquidity to match the needs of the continent, including by tapping into the potential of cryptocurrencies within a completely regulated ecosystem." - Jessica Naga, CEO MINDEX Group ?
??Read Mr. Jessica Naga`s testimonial here: https://lnkd.in/d7KaEt3c
EnterpriseNGR
FinanceMalta
A new Call for Expressions of Interest (EOI) has been issued in our #MembersArea. FinanceMalta will participate in the FERMA Forum between the 20-22 October 2024. Our #members have the opportunity to apply for: ? Qty 3 | Delegate Passes ? Qty 2 | Exhibitor Passes
Apply now?? financemalta.org/log-in
Financial Services Authority Oman (FSA)
FinCity.Tokyo
Chairman, Hiroshi Nakaso spoke titled “Making a case for International Financial Center Tokyo for APEC Journey to Sustained Growth" at ABAC Side Event on August 3rd:
1. Tokyo’s 3 advantages as a financial center ?
We envision Tokyo to become a leading city of sustainable finance that contributes to achieving sustained growth, which is the common goal for economies across the Asia Pacific region.
(1) Back to the world with positive interest rates Japan’s economy is to be on track to sustained growth for the first time since the asset bubble burst three decades ago. Inflation rates remain elevated, which paved the way to wage increases. The projected annual wage growth reached 5.1% this year, which is the highest in decades. Against this background, the Bank of Japan in March judged that the price stability target of 2% would likely be reached in a sustainable and stable manner and decided to embark on monetary policy normalization.
(2) Onshore International Financial Center Tokyo is an "Onshore Financial Center" with both a multi-layered industrial base and a robust financial system. Japan’s deep-tiered supply chains stretch well beyond its national boundaries. This makes Tokyo’s cross-border financial support to domestic & overseas industrial firms a natural role.
(3) Innovation Hub Being home to the headquarters of numerous global companies, Tokyo is evolving as an innovation powerhouse that provides companies with cutting-edge technologies to meet key challenges such as decarbonization. Moreover universities have become an important part of the innovation hub. More and More graduates like never before are choosing to be entrepreneurs.
2. Ongoing three initiatives
(1) Creating Interoperable Voluntary Carbon Markets with High-Integrity (2) Mobilizing Pension Funds for Growth (3) Improving efficiency of trade through digital transformation
Frankfurt Main Finance?(FMF)
??Results of the Deutsche Bundesbank Lending Survey in the second quarter of 2024 The Deutsche Bundesbank has published its latest survey on the lending business, and the results are revealing. Banks in Germany adjusted their lending policy only moderately in the second quarter of 2024. The survey sheds light on the changes in credit guidelines and the development of demand in various segments. The most important results: ?
??Unchanged lending guidelines for corporate loans: German banks have hardly changed their guidelines, while they have slightly tightened the guidelines for private housing and consumer loans.
??Rising demand for loans: For the first time in two years, demand in the corporate customer business has risen again. The upward trend continued in the private customer business.
??Restrictive influences: Climate-related risks and an increased number of non-performing loans had a restrictive impact on lending policy. The survey provides valuable insights into the adjustments and challenges of the credit market, as well as banks' expectations for the coming months.
??You can find the full survey here: https://frankfurt-main-finance.com/en/deutsche-bundesbank-survey-on-lending-in-germany/
领英推荐
Future Finance Poland
Hong Kong Financial Services Development Council?(FSDC)
Highlights from the HKMA Theme Year Summit 2024: "Embarking on a New Chapter for Hong Kong" In the “New Era” panel discussion, leaders from trade, academia, and policy shared their perspectives on the challenges and opportunities facing Hong Kong amid current geopolitics and competition from nearby economies??. ?
Dr. King Au, FSDC Executive Director, emphasized "consolidation" and "enhancement" to boost Hong Kong’s #IFC competitiveness. It is pivotal to reinforce its dynamic financial ecosystem to create an international high-end talent cluster, and leverage the city’s solid financial infrastructure and connections between the #GBA and global markets to drive regional economic growth??.
Additionally, he pointed to Hong Kong's potential as a hub for wealth management, sustainability, digital assets, and fintech, and stressed the importance of enhancing its role in offshore RMB business and developing it as a regional green finance and carbon trading centre. By seizing global economic opportunities and reinforcing cross-sector cooperation, Hong Kong can maintain its leading position??.
#HKMA #FSDC #fsdchongkong #IFC #InternationalFinancialCentre #financeservices #financialdevelopment #connections #talents #GreaterBayArea
Jersey Finance
In an article for IFC Review, our UK Director, Robert Moore TEP discusses the role of family offices in the world of wealth management and preservation. Read the full article on the IFC Review website: https://ow.ly/sOzq50SSG5a
Kigali International Financial Centre?(KIFC)
??? Just 20 days until the Inclusive FinTech Forum in Kigali, Rwanda! Join us to explore the future of economic inclusion and sustainable development!
Register now at https://lnkd.in/d3FtF2up
Luxembourg for Finance?(LFF)
Financial services are navigating a period of rapid technological and social change. In this environment, there is a growing need for skilled talent to ensure that the industry adapts to the new normal. In their latest report, Deloitte highlights that a focus on human sustainability will be critical for long-term success. What exactly does this mean? Firms should emphasize employee well-being, growth, and employability, to ensure that they are better able and willing to drive innovation and achieve better business outcomes for the firms.
Explore more here: shorturl.at/6Cimx
Paris EUROPLACE
?? On June 11, 2024, ParisEuroplace organized its annual event, the #ParisFinanceForum. A look back at the sessions that closed this day! ?
?? Paris, a global financial center at the service of the European Union?
Philippe Mabille, Editorial Director, La Tribune (Moderator) Marie-Anne Barbat-Layani, President, Autorité des marchés financiers (AMF) – France Lorenzo Bini Smaghi, Chairman of the Board of Directors, Société Générale Alexandre Holroyd, Renaissance deputy, president, Groupe Caisse des Dép?ts Augustin de Romanet, President, Paris Europlace, CEO, Groupe ADP
?? "The distribution of financial products in Europe: a model in debate"
Fabienne Lissak, Journalist, TV Finance (Moderator) Maya Atig, Executive Director, FBF David Charlet, President, ANACOFI - Association Nationale des Conseils Financiers Jonathan Lipkin, Director of Strategy, Policy and Innovation, The Investment Association Sandrine Ménard, Deputy Director in charge of Corporate Finance and Financial Markets, Direction générale du Trésor (French Treasury) Guillaume Poli, Executive Vice President in charge of Business Development, Ofi Invest Asset Management Fannie Wurtz, Head of the Distribution & Wealth Division, Amundi
Qatar Financial Centre?(QFC)
In July 2024, Qatar Financial Centre welcomed 47 new firms from a diverse range of industries! Register your company with us and gain a host of benefits: https://lnkd.in/dsirD7pP
??Onshore Jurisdiction QFC is an onshore business and financial centre that allows companies to operate in Qatar and in the region within a legal and tax environment aligned to international standards.
??100% Foreign Ownership The QFC permits registered firms up to 100% foreign ownership of their business in Qatar.
??English Common Law A legal, judicial and regulatory framework based on English common law and international best practice, with an independent court, regulatory tribunal and dispute-resolution centre.
??Competitive Tax System Fair and transparent tax regime that benefits from the Double Taxation Agreement Qatar has with 80+ countries, 10% corporate tax on locally sourced profit, no personal income tax, wealth tax or Zakat and an efficient advance ruling service.
??100% Repatriation of Profits Payments of dividends, interest, royalties and management fees out of Qatar by QFC companies are free from withholding tax, enabling tax-free repatriation of returns and profits for shareholders.
??One Stop Shop A quick and easy set up process that licenses, establishes, and supports businesses in and from Qatar. A dedicated Client Affairs team to support your business needs.
Stuttgart Financial
TheCityUK
Join us at our National Conference 2024, sponsored by Guernsey Finance and State Street, held in Birmingham on Tuesday 26 November. As our flagship regional event this conference rotates cities annually, providing a unique platform for delegates from across the UK's regions and nations to discuss some of the most pressing challenges facing the financial and related professional services industry. This year, following the recent change in government and the renewed focus on regional growth and devolution, the conference couldn't come at a more significant time.
Industry stakeholders and policymakers from across the UK to come together to discuss critical themes, such as:
- The role of our industry in enabling inclusive growth.
- The new government’s renewed focus on regional growth and devolution.
- The contribution of financial and related professional services across the UK’s regions and nations.
Don't miss this out on this opportunity to engage in insightful discussions with key industry leaders.
Register and find out more on our website: https://lnkd.in/eVCd4eDn
We hope to see you in Birmingham!
About me:
Managing Director of the World Alliance of International Financial Centers
Managing Partner of FinTech Consult, a network of FinTech experts in Asia, Europe, and Africa supporting FinTechs in expanding globally
Non-Executive Director of Eastnets, a global provider of compliance and payment solutions for the financial services sector
Expert at the Sino-German Center for Finance and Economics in Frankfurt
Fellow of the Think Tank of the Asian Financial Cooperation Association
Founding Board Member of the International Digital Economies Association
Mentor at Cyberport in Hong Kong, OneEleven in Toronto, the Plug and Play Tech Center, the Accelerator Frankfurt, and 1000 Black Voices
Advisory Board member of a number of FinTech companies
About the WAIFC:
The?World Alliance of International Financial Centers?(WAIFC) is a non-profit association registered in Belgium that represents?25 leading international financial centers globally.
WAIFC members are city governments, associations, and similar institutions developing and promoting their financial centers.
WAIFC facilitates cooperation between its members, the exchange of best practices, and communication with the general public.