Business & Policy
Total: 2 Record(s), 1 Page(s)|<1 / 1>|
[IN-PERSON] Central Banks and the COVID-19 Road to Recovery in Asia
July 15, 2020 (Wednesday)
Venue: Asia Society Hong Kong Center, 9 Justice Drive, Admiralty

Asia Society members : HK$ 750
Registration at : 12:15
Event starts at : 12:30

As of early June, Covid-19 has infected more than 7 million people worldwide. In spite of a global response that has encompassed case, community and travel-related measures, over 400,000 lives and counting have been lost. This crisis—like no other crisis—has led to a sharp economic contraction and shocked the global financial system. The International Monetary Fund has warned that the Covid-19 pandemic may trigger the worst recession since the 1930s Great Depression. Central banks have been at the forefront of an unprecedented response to provide liquidity to unfreeze markets and thereby support the real economy. The use of a wide array of tools has been successful in supporting financial and economic stability. But this crisis is not yet over. What are central bank priorities in the period ahead? How will Asia navigate the serious financial and economic headwinds and will this be complicated by trade tensions? In what ways can coordination among Asia’s policymakers help to address the challenges posed to the region? In what was seen as an Asian century, what will a post Covid-19 world look like for Asia and its economic recovery? \r\n\r\nJoin Siddharth Tiwari, Chief Representative of the Bank of International Settlements (BIS) office for Asia and former long-time veteran of the IMF as he unpacks the latest thinking and insights from the seat of the world’s “Bank for Central Banks”. Ronnie C. Chan, Chairman of Asia Society Hong Kong Center, will moderate the discussion.

Please email programhk@asiasociety.org to be waitlisted for the event.
Meet the Author - China: The Bubble that Never Pops
August 18, 2020 (Tuesday)
Venue: Asia Society Hong Kong Center, 9 Justice Drive, Admiralty

Asia Society members : HK$ 200
Non-members : HK$ 350
Registration at : 18:30
Event starts at : 18:30

The Chinese economy appears destined for failure, the financial bubble forever in peril of popping, the real estate sector doomed to collapse, and the factories fated for bankruptcy. Banks drowning in bad loans. An urban landscape littered with ghost towns of empty property. Industrial zones stalked by zombie firms. Trade tariffs blocking the path to global markets. And yet, against the odds and against expectations, growth continues, wealth rises, and international influence expands. The coming collapse of China is always coming, never arriving. Bloomberg Economics’ Chief Economist Thomas Orlik, a veteran of more than a decade in Beijing, turns the spotlight on China\'s fragile fundamentals and resources for resilience. Drawing on discussions with Communist cadres, shadow bankers and migrant workers, he pieces together a unique perspective on China\'s past, present and possible futures. From Deng Xiaoping\'s reform and opening to Donald Trump\'s trade war, he traces policy steps and missteps that have taken China to the brink of a \"Lehman moment\" credit crisis. Delving into the balance sheets for banks, corporates and local governments, he plumbs the depths of financial risks. From Japan in 1989 and Korea in 1997 to the U.S. in 2007, he positions China in the context of a rolling series of global crises. Mapping possible scenarios, he games out what will happen, if the bubble that never pops finally does. In this evening program, Mr. Orlik, who will join virtually, will engage in conversation on his newly published book with Madeleine Lim, Senior Executive Editor at Bloomberg.

Please email programhk@asiasociety.org to be waitlisted for the event.
Business & Policy
Total: 2 Record(s), 1 Page(s)|<1 / 1>|


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