BOAO Forum: Key themes to watch from the “Asian Davos”
Matt Weller, CFA, CMT April 12, 2021 10:59 AM
The two most important themes to watch will be the discussion around carbon neutrality and the COVID-19 vaccine...
After a one-year hiatus for the COVID-19 pandemic, the BOAO Forum for Asia is scheduled to make its return next week, April 18-21.
For those who aren’t familiar, this regional conference is modeled after the World Economic Forum in Davos and is focused on promoting regional economic integration and bringing Asian countries even closer to their development goals. This year’s theme is "A World in Change: Join Hands to Strengthen Global Governance and Advance Belt and Road Cooperation" in reference to China’s global infrastructure development strategy spanning nearly 70 countries. It will be the largest on-site international forum since the outbreak of the pandemic, with approximately 2,000 participants including two top Chinese state leaders.
BOAO Forum: Key themes
Much like the annual Davos summit, the BOAO Forum provides an opportunity for high-level politicians to gather, discuss ideas, and issue optimistic joint statements, but there’s unlikely to be any immediately actionable developments for investors. In other words, it’s likely the ultimate outcome of the meeting will be a statement that mirrors the pre-event promotion couched with phrases like “practicing multilateralism with a developmental perspective and strengthening global governance,” likely without any immediate policy changes; nonetheless the event can still provide insights on the longer-term priorities of key APAC countries.
In terms of the noteworthy themes, the two most important ones to watch will be the discussion around carbon neutrality and the COVID-19 vaccine. Developing Asia is an area of the world that contributes to global warming at an above-average rate, so investors will be keen to get more details on how the region plans to mitigate the environmental impact of its rapid industrialization. Meanwhile, with Chinese-developed vaccines showing substantially less efficacy against COVID-19 than their Western counterparts, it will be worth watching how high-level policymakers plan to protect their populations and promote a “return to normal” over the rest of the year.
Learn more about trading opportunities with us!
Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.