Low Interest Rates Set To Continue Says Allianz Chief

Michael Diekmann Among Some 100 Prominent Speakers at AFF

Hong Kong, Dec 24, 2014 - (ACN Newswire) - Relatively low interest rates could continue in the near term, according to Michael Diekmann, Chairman of the Board of international financial services company Allianz, who also pointed to emerging financial opportunities on the Chinese mainland ahead of his appearance at the Asian Financial Forum (AFF) in Hong Kong on 19-20 January.

Watch video here: http://youtu.be/wMVGsDy7fGY

"If you listen to the central banks, there is a high interest in keeping interest rates low," Mr Diekmann said in a video interview with the Hong Kong Trade Development Council (HKTDC). "I don't see any changes coming from Japan, the US or Europe, so I think that's something we're going to have to cope with for quite some time."

Mr Diekmann was also bullish about business prospects on the Chinese mainland for the financial services industry. "I think China is opening up on the asset management side, so there're more opportunities now to invest for non-domestic companies," he said.

Mr Diekmann will be among close to 100 distinguished speakers at the AFF 2015, including Nobel Prize-winning economist Professor Paul Krugman, Deutsche Bank Chairman Paul Achleitner, International Monetary Fund Economic Counsellor and Olivier Blanchard, China Investment Corporation Chairman Ding Xuedong, China UnionPay Chairman Ge Huayong, US Commodity Futures Trading Commission Chairman Timothy Massad, Infosys Founder Narayana Murthy, Philippines Secretary of Finance Cesar Purisima, Mizuho Financial Group President and Group CEO Yasuhiro Sato, SM Investments Vice Chairperson Teresita Sy-Coson, and Jollibee Foods Chairman Tony Tan Caktiong.

An annual highlight in the international financial calendar, the Asian Financial Forum 2015 will bring together government, finance and business leaders from around the world to discuss developments in the dynamic markets of Asia and beyond. For more information on AFF 2015, please visit:

Website: http://www.asianfinancialforum.com

Speakers: http://www.asianfinancialforum.com/en/info_speakers.htm

About HKTDC

A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 global offices, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises trade fairs and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in overseas markets, while providing information via trade publications, research reports and online. For more information, please visit: www.hktdc.com. Follow us on Google+, Twitter @hktdc, LinkedIn.

Google+: http://plus.google.com/+hktdcTwitter: http://www.twitter.com/hktdcLinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

Source: HKTDC

Contact:

HKTDC
Corporate Communication Department
Joe Kainz
Tel: +852 2584 4216
Email: joe.kainz@hktdc.org

Copyright 2014 ACN Newswire. All rights reserved.

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