● Innovating for the Future: Leading Through Global Transformation
A gathering of top female executives and members of Fortune’s Most Powerful Women community will feature special interviews and a town-hall style discussion about leadership in a time of monumental change.
● THE BIG GET-TO-KNOW-YOU
MPW's trademark icebreaker invites all participants to introduce themselves.
The share of female CEOs in the Fortune Global 500 jumped 20% last year, but their numbers are still tiny: 29 CEOs or less than 6% of all chief executives. Still, that total represents a record, proof of progress but still far short of equal representation. A conversation with top female executives will identify the factors keeping women from the C-Suite and share best practices for building a deep bench of female talent.
Various disruptive forces—the green transition, the AI revolution, and geopolitical crises—are converging to fuel unprecedented uncertainty and present unparalleled opportunity in today’s business world. In a town-hall style discussion, top leaders from different industries will share their best practices for navigating this era of change; how they’re stoking innovation, addressing gender inequality in leadership roles, and adapting their management style to meet the moment.
Hong Kong has consistently confounded skeptics warning of its imminent demise. Now, in the aftermath of the pandemic, the city faces new challenges: a battered stock market, tepid demand for property, subdued growth on China’s mainland. Finance Secretary Paul Chan explains how Hong Kong is reinventing itself yet again—embracing technology and innovation to preserve and enhance its status as one of the world’s most dynamic commercial hubs.
The convergence of technological advancements, climate threats, geopolitical volatility, and market unpredictability is upending everything we thought we knew about global trade. Business leaders share how they’re leveraging technology and rethinking supply chains as our understanding of ‘globalization’ continues to evolve.
Asia is full of AI potential: the region is home to over half the world’s internet users, and investments in the technology in Asia-Pacific are expected to reach $78.4 billion by 2027. The challenge for business leaders now is to capitalize on that interest and demand—and turn it into opportunity and growth for their companies. Top executives reveal how they’re integrating AI into their businesses and ensuring all the AI buzz generates real results—not just hype.
The newly appointed CEO of Hong Kong Exchange and Clearing, the exchange’s first-ever female chief, shares her vision for preserving—and expanding—Hong Kong’s role as a global financial hub and capital market super-connector.
● THE FUTURE OF FINANCE: ARE WE MOVING BEYOND BANKS?
The world of finance is in tumult. Advances in digital technologies have transformed the way people in rich and developing countries alike pay for even the most basic purchases. Are currency and coins on their way out—taking with them the rationale for banks as physical structures? And if so, what comes next? Will the future of finance be dominated by decentralized cryptocurrencies? Central bank digital currencies? Or something else? Will financial innovation bring financial stability—or its opposite?
● SPOTLIGHT ON INNOVATION: REDEFINING BUSINESS IN A DIGITAL AGE
The business world is in the midst of an era of transformation. Global markets are undergoing a radical overhaul, science and cutting-edge technologies are tackling monumental challenges, and companies face a stark choice: innovate or fall behind. How are business leaders embracing game-changing innovations, from AI to Web 3.0, to maintain a competitive edge?
● ACCELERATING THE GLOBAL ENERGY TRANSITION
The head of the International Energy Agency has argued that military conflicts in Gaza and Ukraine will accelerate the global shift away from planet-warming fuels and toward renewable energy. But other experts warn that the pace of that transition has slowed amid geopolitical uncertainties, energy supply shocks, and rising interest rates. What must be done to speed the global energy transition and meet the worldwide goal of keeping warming below 1.5 degrees Celsius? What are the technologies that will make that transition possible? And how will the world find the capital necessary to implement that tech at scale?
One size has never fit all for investors in Asia, but that is especially true now. Asia’s best-performing major index (Japan) gained nearly 30% last year, while its worst-performing (Hong Kong) lost 14%. The region is a puzzle for investors hunting for growth, but there are opportunities to be had for those who grasp how factors like geopolitical shifts, the promise of AI, and China’s challenged economy are altering the landscape.
Venture capitalists have become more selective with their dollars, but that hasn’t moderated their hunt for the next game-changing company. Panelists share how they’re evaluating opportunities in a more conservative investment environment and identify the industries and technologies that are ripe for the biggest payoffs.
With borders reopening, the world is on the move again. But in the pandemic’s aftermath, what about tourism and travel feels permanently changed? Different regions seem to be bouncing back at different speeds and in different ways. What are the major variations? And what have industry leaders—in the hotel, airline, and online booking sectors, as well as government officials—learned from their COVID ordeal?
The Chinese government’s bold plan to link the special administrative regions of Hong Kong and Macau to nine other cities in Guangdong’s Pearl River Delta would create a single integrated economic hub with more than 70 million people and a GDP almost as large as South Korea’s. China’s blueprint for a “Greater Bay Area” is often compared to America’s “Silicon Valley,” but it has the potential to outshine rival international “bays”—not just San Francisco but also New York or Tokyo—by using world-class infrastructure to connect a diverse combination of innovative companies across sectors. But the challenges to meaningful integration are daunting. Can the grand vision for connecting the region be achieved?
The world’s third-largest economy is emerging from three decades of stagnation and deflation. Investors are cheering; the benchmarked Nikkei stock index is nearing its pre-bubble high. But Japan faces daunting challenges, including a shrinking and aging workforce and massive government debt, to keep its recovery on track.
Electric vehicle adoption is key to helping the world reduce carbon emissions, but consumers remain hesitant, scared off by cost and range anxiety. Some companies—and countries—have overcome these barriers and are pulling ahead in the global EV race. What has distinguished the winners from losers so far, and how can the industry as a whole win over the remaining skeptics?
The lunar new year got off to an auspicious start for China as consumer spending and travel during the holiday period surged to pre-pandemic levels. But the world’s second-largest economy faces many headwinds: mounting public debt, a troubled property sector, a shrinking labor force, and daunting levels of youth unemployment. Aggravating those challenges: continued trade tensions with the West—which could intensify depending on the outcome of the US presidential election. There are a few bright spots, including a booming electric vehicle sector, and surprising resilience to Western in key areas like chip manufacturing. What’s in store for 2024? A panel of distinguished global analysts share their predictions.
Huizhou-based TCL Electronics last year reclaimed its ranking as the world’s second-largest television manufacturer. But the company, one of the first large Chinese firms to successfully execute an overseas acquisition, faces fierce global competition for sales of televisions and a host of other electronic products. Founder and group chairman Li Dongsheng outlines TCL’s strategy for the next stage of its global expansion.
In recent years, we’ve seen a sliver of what can be achieved when we embrace collaboration in biotechnology. Invisible cochlear implants, genome-edited crops, and vaccines for once-incurable diseases are all examples of the leaps and bounds that have been made in biotech. What more could be possible when the world comes together to develop mutually beneficial technology?
The green transition is more urgent than ever, yet green innovation, as measured by patent filings, has declined since 2010, according to the IMF. What factors are stymying advancement and how can today’s leaders help unlock technology’s promise to aid in the essential mission of decarbonization?
In recognition of Asia's Innovative Companies Set For Long-Term Growth
SPRINTING TOWARDS BABYLON?
One of Asia’s best-known AI experts, in a fireside conversation with FORTUNE, discusses the significance of recent breakthroughs—on both sides of the Pacific—in large language model technology and talks about how he is driving innovation at his own recently launched AI venture.
The global economy continues to surprise: a stunningly resilient U.S., inflation that’s falling faster than expected, and a long hoped-for soft landing that now seems achievable. A renowned economist and former finance official with a unique perspective on technology shares his views on the challenges facing the world economy.
Additional speaker to be announced
Medtronics, one of the world’s largest medical device makers, has enormous economies of scale. The chairman and CEO, shares how the $100 billion company is embracing AI, embedding the technology into many of its devices, from insulin pumps to heart monitors, and using AI as a tool to train surgeons.
Cryptocurrencies have been dogged by scandal—and yet recently earned a stamp of legitimacy when the U.S. approved Bitcoin ETFs. Other financial hubs, including Hong Kong are seeking regulatory regimes that would allow for innovation but still protect consumers. Crypto experts discuss what’s next for cryptocurrencies and how they’ll shape the future of how we buy, borrow, and invest.
The textile industry is a big emitter; it consumes large quantities of water and energy, and textile waste is enormous—92 million tonnes annually. Industry leaders explain how they’re innovating to shrink the sector’s environmental footprint and rethinking globe-spanning supply chains.
Most business leaders expect generative AI to unleash dramatic gains in productivity and corporate profits. Yet, according to one recent estimate, just 6% of companies have trained at least a quarter of their workforces on gen AI. How can employers tackle the dual challenge of closing such gaps in technological readiness while easing workers’ anxiety about AI replacing jobs?
China’s young consumers are more discerning than ever. Pragmatism—not impulse—is driving their purchasing decisions in a challenged economic environment; they favor quality, sustainability, and the chance for social interactions in their retail experiences. How can brands keep up? Leaders at the forefront of this revolution share how they’re leveraging technology and data to meet the evolving demands of today’s consumers.
The lunch sessions on March 27th [12:30 noon-1:40pm] will have three simultaneous sub-venues. The specific arrangements are as follows:
THE FUTURE OF FINANCE: ARE WE MOVING BEYOND BANKS?
The world of finance is in tumult. Advances in digital technologies have transformed the way people in rich and developing countries alike pay for even the most basic purchases. Are currency and coins on their way out—taking with them the rationale for banks as physical structures? And if so, what comes next? Will the future of finance be dominated by decentralized cryptocurrencies? Central bank digital currencies? Or something else? Will financial innovation bring financial stability—or its opposite?
SPOTLIGHT ON INNOVATION: REDEFINING BUSINESS IN A DIGITAL AGE
The business world is in the midst of an era of transformation. Global markets are undergoing a radical overhaul, science and cutting-edge technologies are tackling monumental challenges, and companies face a stark choice: innovate or fall behind. How are business leaders embracing game-changing innovations, from AI to Web 3.0, to maintain a competitive edge?
ACCELERATING THE GLOBAL ENERGY TRANSITION
The head of the International Energy Agency has argued that military conflicts in Gaza and Ukraine will accelerate the global shift away from planet-warming fuels and toward renewable energy. But other experts warn that the pace of that transition has slowed amid geopolitical uncertainties, energy supply shocks, and rising interest rates. What must be done to speed the global energy transition and meet the worldwide goal of keeping warming below 1.5 degrees Celsius? What are the technologies that will make that transition possible? And how will the world find the capital necessary to implement that tech at scale?