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  1. Home

  2. About BFA

  3. Conferences & Meetings

  4. Press Center

  5. Members & Partners

  6. BFA Academy

  7. Areas of Focus

  8. Regional Cooperation

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BFA Financial Cooperation Conference to be Held in Dubai
Origin:Boao Forum for Asia      Time:2014-05-23 15:56:29    Views:4694251

BFA Financial Cooperation Conference to be Held in Dubai

On May 21, 2014, BFA Secretariat and Her Excellency Reem Al HashimyMinister of State in the Cabinet of the United Arab Emirates and Honorary President of Falcon and Associates, representative of the government of the United Arab Emirates, signed an agreement in Beijing for the joint holding of the BFA Financial Cooperation Conference in Dubai. During the signing ceremony, Mr. WU Jun, Executive Director of BFA Secretariat, said that the conference, one of the most important annual special conferences of BFA, would be held in Dubai for the first time in October.

According to WU Jun, the special conference had been successfully held in many other global and Asian financial centers such as London, Paris, and Mumbai. Dubai is chosen as a new venue for its status as an emerging financial center in Middle East and even the world, for its exceptionally advantageous geographical location as a trade center and cargo transport center, and for its highly advanced shipping industry, tourism, and exhibition industry. By holding the conference in Dubai, BFA also hopes to expand its influence in West Asia and Middle East, involve more leaders from the political, business, and academic circles of Middle East, fulfill its mission of promoting Asia’s economic integration, and make itself a more fruitful and complete forum.

WU Jun said that over 400 leaders from the political, business, and academic circles of Asia, emerging markets, and some European and American countries would be invited to attend the conference. The BFA Secretariat is now discussing with the government of Dubai and Board of Directors, Council of Advisors, members, and cooperation partners of the BFA about the theme and topics of the conference. The general keynote remains to be cooperation, win-win, and innovation. “Asia Seeking Cooperation” is always the mission and purpose of the BFA and the basis for achieving economic integration in Asia. “Asia Seeking Win-win Result” is the essence of Boao spirit and the eternal theme of the BFA.

With rich connotation, Asian financial cooperation is widely open to further discussion and improvement. The conference can probe into many topics, including How can the existing financial cooperation mechanism be further perfected and implemented within Asia? How can the bond market of Asia be developed in order to free Asian economies from overdependence on bank financing and free Asian capital and foreign exchange reserve from overdependence on the bond markets of Europe and America? The conference will also discuss several other topics, including various forms of regional investment bank, like the Asia infrastructure investment bank proposed by China, so as to better and more directly combine finance with the demand of Asian real economy, and smarter management and understanding of capital flow in the light of the impact on Asia and emerging markets by the QE withdrawal of the US.

In addition, the conference will also touch upon the balance between financial innovation and supervision, reform of the global financial market, currency swap, sovereign wealth fund, private equity and venture investment, internet finance, Islamic finance, SME financing, and so on.

 

H.E. Reem Al Hashimy welcomed BFA’s advance into Dubai. She said that Dubai is a strategic point between the east and the west and a core hub of the global economy and it connects with Asia and other emerging economies. These emerging economies are playing a more and more important role in common economic development. According to the estimation, by 2020, their GDP will account for half of the global total. Knowing this, we understand that BFA is a very important international platform. “We welcome BFA’s debut in Dubai. Through cooperation and dialog in key fields, we can achieve healthy and sustainable development and joint prosperity in future,” she said.

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