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State of the Region 2024-2025

The Asia-Pacific region faces a complex economic landscape characterized by growth potential tempered by significant risks. Forecasts project a GDP growth rate of 3.4% in 2024, with inflation expected to moderate to around 2.3%, but challenges such as geopolitical tensions, climate change, global supply chain vulnerabilities, and ageing populations present substantial risks. These risks are exacerbated by factors such as protectionism, trade conflicts, and the increased frequency of natural disasters affecting economic stability and productivity. Survey insights reveal a region optimistic about growth but concerned about key obstacles. Among the top five risks identified are geopolitical tensions and associated sanctions, climate change impacts, and supply chain disruptions. Trade and...

Pacific Currents

Global value chains: From fruitful discussions to meaningful actions
Juan Navarro, Associate Faculty, Royal Roads University


Climate change in SOTR
Christopher Findlay, Tilak Doshi and Eduardo Pedrosa


Digital Technologies, Services and the Fourth Industrial Revolutions
Submitted by Jane Drake-Brockman, Christopher Findlay, Yose Rizal Damuri and Sherry Stephenson 


COVID-19 has Exposed Major Gaps in our Social Safety Nets: In a Post-COVID World Will these Gaps be Closed?
Hugh Stephens
Vice Chair, CANCPEC; Distinguished Fellow, Asia Pacific Foundation of Canada; Executive Fellow, School of Public Policy at the University of Calgary


 Multilateral Cooperation is a Safeguard against Pandemics
Rebecca Fatima Sta Maria
Executive Director, APEC Secretariat


International cooperation during COVID-19
Sungbae An
Senior Research Fellow, Department of International Macroeconomics and Finance, Korea Institute for International Economic Policy (KIEP)


Member Updates

CNCPEC: Amb. Zhan Yongxin attended the 2023 China (Tianjin) International Fair for Investment and Trade & PECC Expo

On November 22nd to 23rd, Amb. Zhan Yongxin, Chair, China National Committee for Pacific Economic Cooperation, attended the China·Tianjin Forum for Business Cooperation and Development, and the opening ceremony of the 2023 China (Tianjin) International Trade and Investment Fair, and PECC Expo....

KOPEC: DR. Siwook Lee appointed as the new KOPEC Chair

Dr. Siwook Lee succeeds Dr. Heungchong Kim as the Chair of the Korea National Committee for Pacific Economic Cooperation (KOPEC). Dr. Lee is also the President of the Korea Institute for International Economic Policy (KIEP) and professor at the KDI School of Public Policy and Management (on...

MANCPEC: Professor Dr Mohd Faiz Abdullah appointed as the new MANCPEC Chair

Professor Dr Mohd Faiz Abdullah succeeds Mr Herizal Hazri as the Chair of the Malaysia National Committee for Pacific Economic Cooperation (MANCPEC). Professor Faiz is also the Chairman for the Institute of Strategic and International Studies (ISIS), Malaysia. A lawyer by training, Professor Faiz...

MXCPEC: Dr. Gerardo Traslosheros appointed as the new MXCPEC Chair

Dr. Gerardo Traslosheros succeeds Ambassador Sergio Ley as the Chair of the Mexico National Committee for Pacific Economic Cooperation. Dr. Traslosheros is also the Coordinator of the Global Governance Program at the UDLAP Jenkins Graduate School (UJGS) in Mexico City, and Member of the Mexican...

NZPECC: Dr. Alan Bollard appointed as the new NZPECC Chair

Alan Bollard (CNZM; PhD Auck; FRSNZ) is a Professor of Pacific Region Business at Victoria University of Wellington, and inaugural Chair for Pacific Region Business. Alan is also the Chair of the Infrastructure Commission, Chair of the cross-university Centres for Asia-Pacific Excellence, and...

HKCPEC: Prof Tam Kar Yan appointed as the new HKCPEC Chair

Professor Kar Yan TAM is Dean of the HKUST Business School and Chair Professor of Information Systems, Business Statistics and Operations Management. Prior to being Dean of the Business School, he was Dean of Students and Associate Provost at HKUST. Professor Tam is a board member of the...

The Eleventh PECC General Meeting
Concurrent Session

Financial Markets Development: A Road to Pacific Economic Growth


September 28, 1995
Beijing, China

 

Thursday, September 28

0900 Welcome, Opening of Session by Session Chair
  • HE Zhou Daojiong, Chaiman, China Securities Regulatory Commission, China
Introduction by:
  • Senator Adlai Stevenson, President, USNCPEC, Chairman, SC & M International Ltd, United States
0910 Chinese Financial and Capital Markets Development

Speaker:
  • Mr Chen Yaoxian, Assistant to the President, People’s Bank of China, China
Introduced by:
  • Mr Liu MingKang, Vice President, State Development Bank, China
Panellists:
  • Mr. Duan Xiaoxing, Vice President, Agricultural Bank of China, China
  • Mr. Huang Da, Chairman, Chinese Association of Finance, China
  • Ms. Wu Xiaoling, Deputy Director-General, State Administration of Exchange Control, China
  • Mr. Zhu Shuhao, Chairman, Hong Kong Junhao Co Ltd, Hong Kong
  • Mr. Zhang Zhongliang, Secretary-General, CNCPEC FMD, Executive Director, China Economic Monitoring Center, China
1000 Response
  • Senator Adlai Stevenson, President, USNCPEC, Chairman, SC & M International Ltd, United States

1020

Coffee/ tea break


1040 Cross Border Capital Flow Restrictions

Session Chair:
  • Mr. Yuichiro Nagatomi, Chairman, Japanese Committee for Financial Markets Development; Chairman, Board of Executive Governors, Foundation for Advanced Information and Research (FAIR); Director General, QUICK Research Institute Corp, Japn; Advisor, Institute of Fiscal and Monetary Policies, Ministry of Finance,Japan
Findings of PECC Analysis, 1994-1995 Presenter:
  • Dr Masahiro Kawaii, Professor, Institute of Social Science, University of Tokyo, Japan
Response:
  • Dr Tan Kong Yam, Chair, SINFMD Committee; Head, Department of Business Policy, National University of Singapore, Singapore.
  • Mr. James E. Shapiro, Managing Director, New York Stock Exchange Inc, United States
  • Dr. Ray B. Dawn, Director, Financial Research Division, Taiwan Institute of Economic Research, Chinese Taipei
  • Mr. Ian Payne, Executive Director, Commonwealth Bank of Australia, Australia
  • Dr. Anwar Nasution, Chair, INCPEC FMD Committee, Professor of Economics, University of Indonesia, Indonesia
1130 PBNET: A suggestion from CEMC Presenter:
  • Dr. Zhang Wenzhong, Director of the China Economic Monitoring Center (CEMC), China
 
1230 Lunch at Beijing Commodity Exchange

Chair:
  • Mr. Liu Guoguang, Chairman, Chinese Committee for FMD, CNCPEC
Speakers:
  • Mr Qiao Gang, Chairman, Bejing Commodity Exchange, China
  • HE Han Guochun, Vice Finance Minister, Ministry of Finance, China
1430 Financial Markets and Institutions: Guidelines for Emerging Economies Session Chair:
  • Dato’ Dr Mohd Munir-Majid, Chairman, Securities Commission, Malaysia
Presenter:
  • Mr. Clifford M. Lewis, Vice President, International Relations, Chicago Board of Trade, United States
Panellists:
  • Mr. Mauricio Cardenas, Director, Mission for the Development of the Capital Market, Republic of Colombia
  • Mr. Eduardo Ghezzi, Member of the Executive Board, Lima Stock Exchange, Peru
  • Mr. Robert Scollay, Director, New Zealand APEC Study Centre; Senior Lecturer, Department of Economics, University of Auckland, New Zealand
  • Mr. Anthony Yuen, Senior Vice President, Regional Treasurer, Greater China Region, Bank of America NT & SA, United States
  • Prof. Richard Yan Ki Ho, Chair, HKFMD Committee, Dean of Faculty of Business, City University of Hong Kong, Hong Kong

1530

Coffee/ Tea Break

1545 Maintaining Stability in Emerging Markets: The Roles of Governments and Financial Institutions Session Chair:
  • Mr. Edgardo Boeninger, Chair, CHILPEC; Former Minister Secretary General of the Presidency
Presenter:
  • Mr. Pin Chakkaphak, President, Finance One Public Co Ltd, Thailand
Panellists:
  • Mr. Herman Somerville, Chairman, Chilean Association of Banking and Financial Institution, Chile
  • Dr. Sheng-Yann Li, Vice Chair, CTFMD; Director General of Economic Research Department, Central Bank, Chinese Taipei
  • Dr. Jose Julian Sidaoui, Deputy Minister, Ministry of Finance, Mexico
  • Mr. Robert F. Kelley, Partner, Arthur Andersen & Co. SC, United States
  • Mr. Vladimir M. Zubov, Head of the Administration of the Krasnoyarsk Region, Russia

 

1645 Update Report on PECC Financial Markets Development Project and Summary of FMD Meeting Presenter:
  • Mr. Paul R. Knapp, Chairman, USNCPEC FMD; President, Catalyst Institute, United States
 
1710 Closing Remarks
  • Mr. Chen Luzhi, Executive Vice Chairman, CNCPEC; Vice-Chairman, Chinese Association for Asia-Pacific Studies