Secretary General Zhou Wenzhong Gave a Briefing on the BFA at a Promotional Dinner in Singapore
Origin:Boao Forum for Asia      Time:2014-07-16 23:59:04     Views:1163182

Secretary General Zhou Wenzhong Gave a Briefing on the BFA at a Promotional Dinner in Singapore

Secretary General Zhou Wenzhong addressed a business audience of more than 60 Singaporean CEOs and executives over a dinner on July 16 on the occasion of the visit by His Excellency Zeng Peiyan, Vice Chairman of the Boao Forum for Asia and former Vice Premier of China to Singapore.
 
He started with the history of BFA, describing it as the premier forum for Asia and Emerging Markets. Initiated in 1998 by Fidel V. Ramos, former President of the Philippines, Bob Hawke, former Prime Minister of Australia, and Morihiro Hosokawa, former Prime Minister of Japan, BFA was launched by 28 countries in the Asia Pacific Region and formally inaugurated in February 2001 in Boao, Hainan Province, China. 
 
The Forum came into being in the aftermath of the Asian Financial Crisis in 1998, when different economies in the region all felt keenly the need for a region-wide platform to get together and tackle common challenges to avoid being hit by another financial storm. Win-win for all and common development have been the shared objective for all the Forum members since its inception. Each April, the Forum’s Annual Conference brings together more than 2000 government leaders, CEOs and economists to explore the most pressing development issues in Asia and emerging markets.
 
The Forum welcomes thought-provoking and constructive debate, exchanges and sessions.  Consensus reached through brainstorming and clash of ideas here has often been incorporated  into government policies and corporate strategies, and spread throughout Asia with intensive media coverage. Remarkable progress has been made in Asian economic integration since 1998, and the Forum takes pride in being part of this great accomplishment.
 
For those economies outside Asia, the Forum provides a unique platform to engage with  this dynamic region. Here, you could easily bump into an Asian minister or business tycoon or even a visiting president or prime minister and get your concerns or interests heard attentively. Informal setting and candor, known as the Boao Style, adds to the value and appeal of this tiny pretty town in Hainan Island.
 
In the past 14 years since the Inaugural Conference in 2001, the Forum’s annual conferences have been honored by the presence of some 100 presidents and prime ministers, several hundred ministers of economic decision-making ministries and departments, two thirds of Fortune-500 companies and a great number of other prominent and outstanding enterprises. They are from all the five Continents. 
 
Singapore is one of the 28 initial countries of the Forum. The Ministry of Foreign Affairs of Singapore and the International Enterprise (IE) Singapore signed up as initial members from very beginning. 
 
Zhou said that BFA was honored by the presence of Prime Minister GOH Chok Tong at its annual conference 2003 where he addressed the three key challenges facing Asian economic integration, and by the presence of Minister Mentor Lee Kuan Yew at the BFA Annual Conference 2005 where he made a keynote speech on the “Win-win Approach for China's Peaceful Rise”. 
 
BFA were particularly honored to have Mr. Goh back to Boao in 2010 when he was elected member of the Board. Mr. Goh has since provided valuable strategic guidance to  the Forum on its direction in the years ahead.
 
What is more, since the Inaugural Conference in 2001, many Singaporean officials and CEOs from the Singaporean Monetary Authority, the Temasek Private Holdings, Singapore Airlines and the Royal Golden Eagle, etc. have attended the Forum’s different programs. 
 
This April, the Boao Forum for Asia held its Annual Conference 2014 under the theme of Asia’s New Future: Identifying New Growth Drivers. The Conference was honored by the presence of government leaders from 9 countries, including Premier Li Keqiang of the host country, and more than 1700 delegates from 52 countries and regions, featuring an impressive line-up of over 80 ministers and heads of international organizations, top executives from 150 Fortune-500 companies and a great number of intellectual and thought leaders.
 
It goes without saying that the Forum and its annual conference still has a lot to improve to stand out as the premier forum for Asia and emerging economies, Zhou said. The involvement of ASEAN countries, Singapore in particular, is vital. BFA is here to hear the interests and concerns of Singaporean business leaders so as to ensure that the forum and annual conference be more customized to their needs. 
 
The next annual conference will be held on March 27-29, 2015. BFA would like to  invite Singaporean business leaders to the Conferene next March in Boao, Hainan Province, China.
 


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