2024 FBS Insights: US-China Relations and Opportunities in ASEAN Discussed at Hong Kong Summit
2024 Family Business Summit Concludes in Hong Kong
The 2024 Family Business Summit (FBS) wrapped up in Hong Kong, gathering over 100 family principals and speakers to deliberate on key issues. The conference began with a focus on the opportunities in the ASEAN region, highlighting Malaysia's upcoming chairmanship. This panel, moderated by Zuraidah Ibrahim, featured Anthony Loke, Malaysia's Minister of Transport, and Tony Fernandes, CEO of Capital A Berhad, which oversees AirAsia, Southeast Asia's top airline.
Scientific Innovations in Hong Kong
A discussion panel featured groundbreaking research led by Professor Dennis Lo from the Chinese University of Hong Kong, focusing on his pioneering work in fetal DNA analysis. Alongside him, Professor Ng Siew Chien presented her research on gut microbiomes, moderated by Eugene Tang.
Geopolitical Insights
Before lunch, a panel on Europe’s security included notable figures like former European Commission President Jose Manuel Barroso and former Spanish Foreign Minister Arancha Gonzalez, moderated by Filippo Gori from JPMorgan.
US-China Relations Panel
Post-lunch, Cui Tiankai, the former Chinese ambassador to the US, offered insights into US-China relations, addressing the trilateral dynamics involving the EU and Hong Kong's role in fostering exchanges. This discussion was led by the Post's editor-in-chief, Tam.
Family Businesses Driving Growth
The summit emphasized the significance of family businesses, integral to Asia's economy, with Catherine So, CEO of the Post, noting that these entities represent over 60% of Hong Kong’s GDP. The event showcased Hong Kong's increasing appeal for family offices, projecting a 40% growth by 2030 in Asia-Pacific single-family offices, as highlighted in a Deloitte report.
A Promising Future for Family Businesses
The 2024 FBS built on previous successes, featuring panels on topics from AI to economic analyses by top economists advising Chinese leaders, and discussions led by Financial Secretary Paul Chan Mo-po. The conference also included cultural insights from Las Vegas mentalist Chris Hanna and showcased Olympic medallists.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.