Webinar on “The Future of Financial Hub Cities in Asia”

Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; Ryozo Himino, Commissioner of the Financial Services Agency, Japan; and other experts from the financial sector in Japan discussed “The Future of Financial Hub Cities in Asia” in a webinar held on 27 July 2020.

The webinar was organised by the Economist Corporate Network, and sponsored by the Hong Kong Economic and Trade Office (Tokyo). Other speakers included Hiroshi Nakaso, Chairman of Daiwa Research Institute; Toshiyasu Iiyama, Representative Director/Deputy President of Nomura Securities Co., Ltd.; Tokio Morita, Vice Minister for International Affairs of the Financial Services Agency, Japan; and Takuji Okubo, Director, Corporate Network, North Asia of The Economist Corporate Network.

While COVID-19 had brought about revolutionary changes as many people had to work remotely and interact electronically, speakers generally considered that the mechanisms (e.g. regulatory systems), infrastructure and talents of the international financial hubs would still play an important role in the post-corona world.

Looking ahead, Eddie Yue considered that financial hub cities could take a collaborative approach, such as in the areas of connectivity of different financial markets as well as the use of digital technology.

“Digital technology will play a key role in future, and growing the right talent in order to support this kind of conducive legal regulatory system will be very important,” he said.

Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, speaking at the webinar.