Hong Kong, 5 May (ZXS) -- The high-level seminar on "Multilateralism and Globalization in the Era of Strategic Competition and Its Impact on Asia" and the inauguration ceremony of the Hong Kong Center of the International Finance Forum (IFF) were held in Hong Kong on the afternoon of 5 May. The panelists agreed that countries should work together to address global challenges, and Hong Kong has a unique role to play.

Organized by the International Finance Forum (IFF), the Hong Kong Monetary Authority and the Hong Kong Institute of Finance, the event is one of the global series of events for the 20th anniversary of the International Finance Forum (IFF), attended by a number of dignitaries, financial leaders and experts from various countries or regions to discuss what multilateralism and globalization are like in the era of strategic competition, whether they will exist for a long time, and the role and prospects of Asia.

Hong Kong Chief Executive John Lee Ka-chiu said that Hong Kong is a link between Chinese mainland and the world, and is an ideal place for the International Financial Forum (IFF) to promote dialogue and multilateral cooperation in the field of international finance. In the era of strategic competition, the world needs more communication and cooperation to prepare for the evolving macro environment. As a dynamic and highly competitive global financial centre, Hong Kong is a staunch supporter of multilateralism and global economic cooperation.

Han Seung-so, co-chair of the International Finance Forum (IFF), president of the Council of Presidents of the United Nations General Assembly and former Prime Minister of South Korea, said that multilateralism and globalization are fading, and global economic growth is slowing down and losing momentum, and the crisis should be jointly addressed. The Guangdong-Hong Kong-Macao Greater Bay Area will become a financial and digital center, and the two key issues facing mankind today are climate change and digitalization, and Hong Kong and the Mainland cities in the Greater Bay Area should contribute to solving these two issues, and green finance and financial digitalization will surely become the main policy concerns of the Greater Bay Area in the future.

Lai Zhihong, Vice Mayor of Guangzhou, said that he is full of confidence in deepening financial cooperation in the Greater Bay Area, especially between Guangzhou and Hong Kong, giving full play to the role of the Greater Bay Area as an international financial hub, and providing stronger financial support for the realization of Chinese-style modernization.

Many participants pointed out that Hong Kong will play a more important role in communication in the current ever-changing international environment, and will also make full use of its unique status as an international economic and financial center to help the regional and even global economic recovery.

The opening ceremony of the International Finance Forum (IFF) Hong Kong Centre was held at the meeting, marking that the International Finance Forum (IFF) will take advantage of Hong Kong's unique advantages to provide a good exchange platform for global economic and financial leaders to jointly promote global economic recovery. (End)

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