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EY Greater China Region (EY) announces today that EY is to become the Asian Financial Forum (AFF) Knowledge Partner beginning with AFF 2025.
Co-organized by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), the AFF attracts elite professionals, distinguished speakers, influential figures from the financial sector, global policymakers and business leaders.
As part of the ceremony, EY conducted the inaugural session of EY Knowledge Series with a fireside chat and panel discussion featuring renowned speakers on AI and cross-border payments.
The AFF 2025 Joint HKTDC and EY survey, “From ambition to action: understanding ESG imperatives”, which strives to capture the perspectives and practices of corporates and investors in Asia as they navigate through the evolving journey in sustainability reporting, sustainable financing and climate transition readiness, is also launched today.
Jack Chan, EY China Chairman, EY Greater China Regional Managing Partner, says: “We are honored to be the Knowledge Partner for the AFF, a testament to our commitment to fostering a dynamic financial ecosystem. I believe this collaboration will enable us to deliver outstanding results and shape the future with confidence for all stakeholders, together.
“At EY, our strength lies in the proven power of our people and technology. The EY Knowledge Series is designed to explore critical topics that drive economic growth and support sustainable development, such as generative AI, achieving a net-zero future, finance transformation, cyber strategies, cross-border payments, digital currencies, and FinTech.”
Riding on the success of AFF 2024 which attracted more than 3,600 participants joining onsite, the 18th AFF, is to be held on 13 and 14 January 2025 at the Hong Kong Convention and Exhibition Centre.
With the theme “Powering the Next Growth Engine”, AFF 2025 is to continue to offer a premier platform for leaders in finance, business and government to engage in insightful dialogues on latest topics and developments impacting the global economy from an Asian perspective.
Dr. Patrick Lau, Deputy Executive Director, HKTDC, says: “We are delighted to embark on the collaboration with EY, our AFF Knowledge Partner from 2025.This partnership will facilitate knowledge exchange and collaboration among government, finance and business leaders from around the world, and will infuse the expertise and capabilities from EY to the curation of the Forum. EY’s commitment to creating value and building confidence in capital markets, AI, sustainability and more will lend weight to making the Forum a success. The comprehensive insights shared by EY experts will be invaluable for our conference attendees. We look forward to working together with EY to build a more connected, resilient and sustainable finance ecosystem.”
Through the EY Knowledge Series, EY team aims to provide and exchange with participants insights from an industry, professional angle, thereby augmenting Hong Kong’s attractiveness and competitiveness as well as its standing as an international financial center.
With the topic “Harnessing the power of GenAI for the financial services industry”, the fireside chat featured Vida Ghazavi, APAC Head of Product Implementation and Change Management, J.P. Morgan, and Jack Chan, in which they explored the topic with moderator Henry Zheng, EY1 FinTech and Innovation Partner.
In the fireside chat, Chan highlighted the pivotal role of GenAI in transforming professional services landscape, emphasizing that the EY organization is always at the forefront of integrating emerging technologies into its consulting solutions to address high-value business needs.
Regarding regulatory expectations for financial institutions adopting AI, Chan remarked that regulations on AI adaptation emphasize on accountability, reliability, data protection, transparency and sustainability, which are fully aligned with the essence of EY solutions powered by GenAI. He believed regulations will help develop GenAI into its full potential.
Chan reiterated that the EY organization puts people at the center of AI development by recruiting diverse talent and providing training to equip the teams with skills necessary to navigate an evolving business landscape and technology advancement. He emphasized that GenAI will become a true assistant to employees instead of simply replacing them.
In the panel discussion titled “Unlocking the potential of cross-border payments: the opportunities and challenges in Asia”, Dick Ho, Deputy General Manager, Bank of China Credit Card (International) Ltd., Dr. Rocky Tung, Director and Head of Policy Research, Financial Services Development Council, and Professor Amber Li, Associate Professor of Economics, Hong Kong University of Science and Technology; Faculty Associate of Hong Kong University of Science and Technology Institute for Emerging Market Studies, engaged in a discussion with the moderator Patricia Tay, EY2 Banking and Capital Markets and Financial Services Partner, on how the latest technological innovations and cooperation between jurisdictions can reshape and optimize the cross-border payment process. With the vast population in Asia mostly inhabiting in rural areas where traditional banking has been unable to reach, the panel agreed that ample opportunities lie within the region for both tremendous growth and adaptations of new technologies.
As Knowledge Partner of AFF, EY team looks forward to sharing experiences with the industry at upcoming events, jointly promoting Hong Kong's financial innovation and development, and consolidating its status as an international financial center.
- Ernst & Young (China) Advisory Limited
- Ernst & Young, Hong Kong
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