Asia Outbound summit series has made another milestone success by hosting its 5th. flagship summit series with its Spring summit at the Grand Hyatt in Shenzhen. The two-day summit (May 27th and 28th, 2015) has revealed the reason behind the trend of China’s rapid growth of outbound investment, and suggested many ideas as well as brand new strategies to internationally manage Chinese HNWI’s wealth and investments.
The Asia Outbound Summit was launched in 2010 and was for the first time held in Shenzhen this year, in recognition of the city's fast developing and innovative industries, centered on hi-tech and advanced manufacturing.
Shenzhen is also one of the three new free-trade zones (namely Fujian, Guangdong and Tianjin FTZs) announced by China’s Central Government recently, with its key advantages being the cross-border collaboration with Hong Kong and Macau and the setting of a supervisory body, Shenzhen will focus on deepening economic integration with the two territories and foster a business environment under the rule of law that matches international standards. Shenzhen is one of the fastest developing cities in the world and one of the most economically developed cities in China. In a little more than 30 years, the city's GDP has grown at an average annual speed of 25%, and exceeded 260 billion USD in 2014. Its aggregate economic output continues to rank 4th among medium and large Chinese cities, with per capita GDP exceeding 20,000 USD.
During the two-day event, speakers discussed the many opportunities and key challenges surrounding China’s future growth, and the development of investment, trade and wealth management sectors. China’s fruitful business landscape was also analyzed and participants had an opportunity to expand business relations as well as benefit from transparent conversation regarding future market trends with the relevant contacts. Delegates also had the opportunity to communicate with each other at our special cocktail and VIP dinner during the event.
The Summit attracted over 300 financial practitioners and intermediaries and focused on wealth management and corporate structures, the participants were from the many sectors which included wealth, investment, asset and fund management; legal, corporate, trust and fiduciary services; immigration consultancy; governments; private, commercial and investment banks; accounting firms; private equity and venture capitals, as well as business and investment consulting firms. A majority of the participants were high-ranking officers and leaders including partners, presidents, general managers, CEOs, CFOs, COOs, and industry elites such as executives, managers, lawyers, accountants and directors. Of all the participants, over 78% were from local intermediaries and 22% from international practitioners.
As one of the key sponsors, the BVI Government said its presence served as a platform for representatives to tell investors and practitioners of recent developments in the territory and to create awareness. Chief Operating Officer of BVI House Asia, Heather Tang said: “It was good to participate in the Asia Outbound Summit again; we were thrilled to receive numerous affirmations from the market about the creditability of BVI financial structures. The exchanges and dialogues with the practitioners in China are very valuable in helping us to connect with Chinese clients.”
It was also highlighted that the many offshore jurisdictions had seen increasing business from China, particularly from its expanding base of HNWIs who are particularly interested in their international wealth management offerings. And it is believed that this trend will continue in the coming years thanks to China’s fast economic growth and overseas investment expansion.
The next Asia Outbound Summit will be held on Nov. 4th and 5th this year in Shanghai. For further information about Asia Outbound Summit series, please visit: www.chinaoffshoresummit.com.hk or contact Ms. Li Jing at: +86-21-6136-8310
By Asia Outbound
