Australia in the Asian Century: Questions or Fact?
Luncheon Discussion with Michael Smith, CEO, ANZ Bank and Ronnie C. Chan, Co-Chair, Asia Society
While Australia has had mixed views about engagement with Asia in the past, it regards the bilateral economic relationship with China as one of its most important. Just 40 years ago, two-way trade between the two countries was under $100 million - today it is over $100 billion. Rapid growth in trade, investment and people flows between Australia and Asia are providing the foundation for a deep, long-term relationship. Meanwhile, Australia's natural resources afford a unique opportunity to participate, learn, and contribute, to Asia's growth and economic success. In a discussion with the Co-Chair of the Asia Society, Ronnie C. Chan, ANZ Bank CEO Mike Smith will explore Australia's relationship with Asia, in particular China, and examine what changes Australia needs to make to ensure it plays its parts in the Asian Century.
Michael Smith has been CEO of Australia and New Zealand Banking Group Limited since 2007 . Prior to that, he was President and CEO of the Hong Kong and Shanghai Bank Corporation Limited and Chairman of the Australia Banker's Association; a Member of the Chongqing Mayor's International Economic Advisory Council and the Shanghai Mayor's International Financial Advisory Council. He was made an Officer of the Order of the British Empire in 2000. Mr Smith graduated in economic sciences from City University of London.
Ronnie C. Chan is Chairman of Hang Lung Properties, a publicly listed company in Hong Kong dealing in real estate and property investment, development and management. Mr. Chan also co-founded the privately-held Morningside Group, which, in the past two decades, has owned and managed business in several sectors including manufacturing, media, healthcare, online gaming and high-tech and biotech. Mr Chan is also Co-Chair of the Asia Society, and Chairman of the Asia Society Hong Kong Center.