Future Investment Summit Draws Roadmap for Global Challenges

CEO of Future Investment Initiative Institute Richard Attias during a previous global summit in New York (SPA)
CEO of Future Investment Initiative Institute Richard Attias during a previous global summit in New York (SPA)
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Future Investment Summit Draws Roadmap for Global Challenges

CEO of Future Investment Initiative Institute Richard Attias during a previous global summit in New York (SPA)
CEO of Future Investment Initiative Institute Richard Attias during a previous global summit in New York (SPA)

The Saudi Future Investment Initiative Institute (FII) is organizing "Priority Asia in Hong Kong" in December to discuss priorities such as evolving social, economic, and geopolitical climate.

The data-driven summit, which will host leaders, policymakers, CEOs, students, volunteers, academics, investors, and more, aims to lay a road map for overcoming the world's most pressing challenges.

It was designed as a regional platform to understand humanity's needs, desires, and expectations and then engage in discussions and debates that stimulate effective action and pioneering solutions.

FII CEO Richard Attias explained that the PRIORITY is held to open "our eyes to humanity's main concerns— a priceless tool in the hands of those capable of change."

Attias indicated that the summit focuses on what action we can take to address these concerns and how to redesign business models and economies to make way for more prosperous, fulfilling lives. It echoes the annual FII flagship conference.

"As part of the FII Institute's vision to make a lasting, positive impact on humanity, our priority is to ensure that no one's voice goes unheard—which is why we are determined to hold this global dialogue on all continents so that those in power can listen and connect to all of humanity,” he said.

FII PRIORITY is designed as a regional platform for understanding humanity's needs, wants, and expectations—then engaging in discussions and debates to prompt action and pioneering solutions.

Based on the FII Institute's global PRIORITY Report, which surveyed citizens worldwide, the goal is to empower leaders and decision-makers through information and dialogue as they address the key priorities for several segments of society.

For his part, the Financial Secretary of the Government of the Hong Kong Special Administrative Region of China, Paul Chan, welcomed the FII Institute's decision to host the first FII PRIORITY Asia Summit in Hong Kong.

Chan said it demonstrates Hong Kong's unique position and role in connecting the Mainland, Asia, and the world and will further deepen ties with partners and counterparts around the globe, especially with those in the Middle East.

He added, "The summit will be an important platform for gathering global political and business leaders, academics, and experts to exchange views on world trends and topical issues."

"I trust this Summit will be a great success with fruitful outcomes."

Furthermore, the Chairman of the Stock Exchange of Hong Kong Limited (HKEX), Laura M Cha, expressed HKEX's delight in partnering with FII Institute and the HKSAR Government to bring FII PRIORITY to Asia in December 2023.

She noted that the significant new summit fully aligns with HKEX's commitment to promoting connectivity across markets, economies, and societies, fostering a world where collaboration and innovation can help solve global challenges.

"We look forward to welcoming experts and leaders to Hong Kong and building a shared and sustainable future for us all."

FII is a global nonprofit foundation driven by data with an investment arm and one agenda: Impact on Humanity.

The Institute fosters great minds worldwide and turns ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare, and Sustainability.



China Autos Group 'Strongly Dissatisfied' with EU Anti-subsidy Tariffs

Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights
Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights
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China Autos Group 'Strongly Dissatisfied' with EU Anti-subsidy Tariffs

Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights
Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights

The China Association of Automobile Manufacturers (CAAM) is "strongly dissatisfied" with anti-subsidy tariffs proposed by the European Union, the industry group said in a statement on Saturday.

Manufacturers had cooperated with the European Commission's investigation into Chinese subsidies, but the inquiry had ignored the facts and preselected results, CAAM said in a post on the Chinese messaging app WeChat, Reuters reported.

The EU imposed tariffs of up to 37.6% on imports of electric vehicles made in China from Friday, with a four-month window during which the tariffs are provisional with intensive talks expected between the two sides.

"CAAM deeply regrets this and holds it firmly unacceptable," it said.

The provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what European Commission President Ursula von der Leyen said is a threatened flood of cheap Chinese electric vehicles built with state subsidies.

The EU anti-subsidy investigation has nearly four months to run.