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Press Release 28 February 2017

HKAB and IFFO’s Seminar on “Risk Mitigation Techniques in Infrastructure Financing for the Belt & Road Initiative” concludes with success

The Hong Kong Association of Banks (HKAB) and the HKMA Infrastructure Financing Facilitation Office (IFFO) jointly organised the Seminar on Risk Mitigation Techniques in Infrastructure Financing for the Belt & Road Initiative today (28 February 2017). The seminar was productive and successful, with nearly 200 bankers, project finance experts, risk officers and professionals attended and exchanged ideas on the topics.

Financial capacity is one of the most important aspects to the success of the Belt & Road Initiative. The seminar provided an interactive forum to share insights on how market participants can build more capacity through the inclusion of sophisticated risk mitigation techniques available for infrastructure financing for the Belt & Road Initiative.

Mr. Vincent Lee, Executive Director (External) of the HKMA and Deputy Director of IFFO, said, "IFFO is delighted to work with HKAB in co-hosting this important seminar to discuss risk mitigation techniques in infrastructure investment and financing. Since established in July 2016, IFFO has hosted 10 seminars, panels and workshops to promote capacity building, experience sharing as well as networking. IFFO will continue to organise more events to promote market and product development to facilitate infrastructure investment and financing activities."

Mr. Li Jiuzhong, Acting Chairperson of HKAB and Chief Risk Officer of Bank of China (Hong Kong), said, "As Asia's international financial hub with a unique relationship to the Mainland of China, Hong Kong is well positioned to support Belt & Road investments and provide risk mitigation techniques in infrastructure financing. In this new environment of opportunity and challenge, commercial banks, policy banks, insurance companies and other non-bank financial institutions can work closely together with investors to support Belt & Road projects of various scope, scale and diversity."

The seminar featured panel discussions on Legal and Regulatory View of Credit Insurance, the Role of Private Sector Credit Insurance, Partnership between Commercial Banks and Development/ Policy Banks, as well as Asian Development Bank's experience sharing on risk mitigation of financing infrastructure projects. The high level of participation in this seminar shows that the Hong Kong banking community is working proactively to grasp this opportunity in cooperation with policy banks, insurance companies and other stakeholders.


HKMA Infrastructure Financing Facilitation Office
The Hong Kong Association of Banks
28 February 2017

Photo caption:
Mr. Vincent Lee, Executive Director (External), HKMA, and Deputy Director, HKMA Infrastructure Financing Facilitation Office (IFFO) (left) and
Mr. Li Jiuzhong, Acting Chairperson, HKAB, and Chief Risk Officer, Bank of China (Hong Kong) (right)

 


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