As protectionist policies shift trade from advanced economies toward more rapid-growing regions in Asia, accessing capital in a financial system dominated by state and family entities will pose a challenge to capital adequacy to fund Asia's greatly-needed projects. China's "Belt and Road Initiative" to fund Asia's infrastructure needs is a cooperative trade-based means to put resources to work. Market-based signals can help allocate resources more efficiently, but will require greater participation by non-state financial institutions like banks and private equity firms in a deeper market-based ecosystem.
Moderator
William Lee, Chief Economist, Milken Institute
Speakers
Paul Gruenwald, Managing Director and Chief Economist, Asia-Pacific, S&P Global
Gerald Keefe, Managing Director and Head of Asia-Pacific Corporate Banking, Citi
Lincoln Leong, CEO, MTR Corporation
Joachim von Amsberg, Vice President, Policy and Strategy, Asian Infrastructure Investment Bank (AIIB)