Code : 2021118
Event Name : Impact of US monetary policy normalization on the global investment markets and Hong Kong Property Market
CPD Code : Formal Events
Speaker : Mr. Tommy Ong, Managing Director & Regional Strategist, Wealth Management Solutions, Treasury & Markets, DBS Bank (HK) Ltd

Tommy is Regional Strategist of Wealth Management Solutions in Treasury and Markets. He is responsible for investment strategies for Wealth customers.

Prior to that he was responsible for Investment products distribution to Wealth Management segments in the Greater China area.

Before joining DBS Bank, Tommy was a Director in Citigroup Private Bank Mega Wealth Segment. He was responsible for all capital market advisory activities to North Asia MegaWealth clients.

Tommy has over thirty years of experience in banking industry. He spent his early years in JP Morgan Bank and Citibank in Hong Kong and Singapore as proprietary trader in FX and options. Tommy was ranked no. 1 for several years by Euromoney and Asiamoney as best dealer in various currencies.
Event Date : 2021-07-27
Event Time : 7:00 pm - 8:30 pm
CPD Hour(s) : 1.5
Divisional PQSL Hour(s) : 1.5
Venue : By online media – ZOOM
Division : GPD
Organizer : General Practice Division
Fee : HK$150 for member; HK$250 for non-member
Priority : First-come-first-served
Language : Cantonese (supplemented by English)
Details :
  1. Recovery of global economies has driven up inflation, leading to expectation about monetary policy normalization, especially in the U.S.
  2. What is the likely path and timing of normalization? Will US FED stop buying bonds next year? Will they still reinvest proceeds? Will they start hiking rate in 2023?
  3. On the other hand, U.S. Administration is planning on Infrastructure investment and Childcare subsidies with a size of US$2.3 trillion. In order to finance the deficits, Biden is proposing tax hikes, what will be the impact of tax hikes?
  4. Hong Kong Dollar is linked to the USD under currency board, that implies Hong Kong interest rates will move in tandem with the US rates, what is the impact on the property market and other asset markets when interest rates go up?
  5. What are the impacts on Equity markets, bond markets and Foreign Exchange markets on US FED's move?
Remarks :

The event will be conducted online via ZOOM. Successful registrants will be notified separately via email with the web link in due course to the online event.

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Payment : HKD 150