SWIFT Business Forum China 2017
The Belt and Road: A new landscape for China’s financial industry
The future of trade of the world could depend heavily on what becomes of China’s expansive The Belt and Road initiative, which calls for massive investment in and development of trade routes in the region. This initiative has the potential to be perhaps the world’s largest platform for regional collaboration. Therefore, it is very ambitious, covering about 65 percent of the world’s population, contributing to one-third of the world’s GDP, and about a quarter of all the goods and services the world moves.
The Chinese financial industry has a tall order to fulfil, and the SWIFT Business Forum Beijing will bring together various market participants to discuss our collective action to help realise the full potential of OBOR.
Speed to market and payments innovation are important to support OBOR. As an example, in the correspondent banking space, the global payments innovation (gpi) initiative will deliver secure, faster, traceable & transparent cross-border payments for corporate customers and infrastructural developments. By removing friction and cost from the cross-border payments process, Chinese financial institutions will facilitate international payments along the Silk Road. The need for big data intelligence is also important in this journey, as with security, scalability and efficiency.
This Business Forum will focus on the key issues, challenges and opportunities facing our industry today. With innovation sweeping across the China payments and securities landscape, there has never been a better time to come together to share insights.
Register now to guarantee your place. Attendance is free of charge for members of the SWIFT community. I look forward to welcoming you all on 28 July.
何亚伦, SWIFT 亚太及欧非中东区首席执行官
Alain Raes, Chief Executive, APAC & EMEA, SWIFT