Calvin Lim was invited to be a Speaker for the Digital CFO Conference in HK on 14 September 2023. He shared some of his experience in Amazon Papyrus Chemicals on maximizing shareholder value through effective financial management. This can also help to promote Amazon Papyrus’s brand name and awareness amongst the financial community. There were about 400 plus attendees in this conference. He received good feedback from other attendees that his sharing is highly valued by them.
Digital CFO newsroom:
https://digitalcfoasia.com/2023/09/25/hong-kong-digitalcfo-asia- symposium-2023-the-redefined-cfo-leading-finance-through-innovation- and-capitalising-on-emerging-opportunities/
About the Symposium:
In 2023, Hong Kong's economy is likely to continue its recovery from the COVID-19 pandemic. The government's stimulus measures, coupled with global economic growth, are expected to drive a rebound in trade, tourism, and investment. The city's financial sector is expected to remain a key driver of growth, supported by a robust regulatory framework and the implementation of new technologies.
Despite the overall positive outlook, Hong Kong's economy may face some challenges in 2023. Ongoing geopolitical tensions, particularly between the US and China, could impact the city's trade and investment flows. Rising inflation, as well as supply chain disruptions, could also affect consumer confidence and business operations.
According to a study conducted by Hong Kong Trade Development Council (HKTDC), while Hong Kong's economy is facing challenges in the short-term due to the pandemic and global uncertainties, the city's strong fundamentals and continued commitment to innovation and internationalization will support long-term growth and resilience. It emphasizes the importance of digital transformation in supporting Hong Kong's economic recovery and competitiveness. CFOs can leverage this insight to identify areas where digital transformation can enhance operational efficiency, reduce costs, and improve customer experiences. The study highlights areas such as green finance, e-commerce, and fintech as potential growth areas for Hong Kong's economy.
With the ongoing potential impacts of global geopolitical developments on Hong Kong's economy, CFOs can use this as the driver to assess the potential risks to their businesses, identify opportunities for diversification, and develop contingency plans to mitigate risks.