Asian Financial Forum (AFF)

The Asian Financial Forum (AFF) is an annual conference that brings together industry leaders, policymakers, and experts to discuss financial cooperation and development in Asia. This year's event has highlighted the growing importance of partnerships over rapid capacity build-outs for Chinese companies expanding overseas. China's central bank has also announced its support for Hong Kong's monetary authority to double yuan liquidity, enhancing the city's role as an international offshore centre. Meanwhile, US asset manager Federated Hermes is setting up a Hong Kong office to capitalize on Asia's growing markets amidst global geopolitical tensions. These developments underscore the AFF's significance in promoting financial cooperation and development among Asian economies, particularly in light of China's growing economic influence and the increasing importance of Hong Kong as a financial hub.