HKEX Reinforces Commitment to Advancing Connectivity and Global Dialogue at Davos
Jun 7, 2022
After a two-year break, over 2,200 business and political leaders from around the world reconvened in Davos, Switzerland to take part in the 2022 World Economic Forum (WEF) on 22-26 May.

Founded half a century ago with a vision to bring stakeholders from around the world together to deliver collaborative impact, the forum provided HKEX the opportunity to connect with global leaders and champion Hong Kong’s vibrant capital markets.

Led by Chairman Laura M Cha and CEO Nicolas Aguzin, the HKEX delegation participated in over 60 meetings and events, 10 media interviews and a range of dinners and lunches, including HKEX’s very own private breakfast event.

While the war in Ukraine and the fragile global economic recovery were top of mind for many, the conversations also delved into climate change, the future of globalisation, the role of business and the lessons learned from the pandemic.

Here are some key takeaways from our delegation at Davos:
On climate change and the environment

“Time is of the essence and we need to work together and act fast because the world needs transformational change,” said Laura M Cha. “At HKEX, we believe it starts with market education and as a leading exchange operator, we are doing our part with initiatives like the ESG Academy and the Sustainable & Green Exchange (STAGE) to raise awareness and understanding of ESG practices, issues and activity.”

On globalisation

“Economic polarisation and decoupling were top of the agenda for many, as these continue to have a big impact on supply chains and prices, with less affluent countries in particular feeling the impact,” said Nicolas Aguzin. “There is a lot of work to be done to re-build connections and stabilise relationships across borders, as well as between East and West. Hong Kong, together with HKEX, must continue to play a big role in that.”

On COVID-19 and China

“It struck a chord listening to CEOs talk about what ‘resilience’ means in practical terms amidst a wide-reaching pandemic. In particular, the importance of putting people first and creative ways to keep colleagues and customers connected,” said HKEX’s Head of Listing, Bonnie Y Chan. “I was also inspired to see the collaborative spirit of representatives from the world’s financial community, all of them engaged in embracing opportunities emerging out of China.”

On how we tackle big problems

“Much of the debate at the World Economic Forum focused on the big issues with global leaders, political and corporate, giving their views.  Maybe now is the moment to spend more time thinking how to simplify challenges and accept that reaching lofty goals begins with a single step,” said Apruv Bagri, HKEX Independent Non-executive Director.

On connectivity

“Given the relatively low Asian representation this year, there was a hunger to hear what was happening in our part of the world and we took the opportunity to share our story and address misconceptions. It was clear that the lack of travel and face-to-face engagement over the last two years have hindered global understanding and perceptions,” shared HKEX’s Chief Communications Officer, Tori Cowley.

A key takeaway that all the HKEX delegates shared was that the opportunity to meet with customers and friends from across the world in person, which, following months of virtual events was incredibly valuable. As a superconnector between East and West, HKEX is proud to play the role of engaging in important dialogues and connecting East and West at influential global platforms.

For more insights and updates from the forum visit the HKEX WEF content hub and follow the conversation on social media with #HKEXinDavos.