Financial Stability a Critical Challenge for Asia in Next Five Years: Former IMF Expert

HONG KONG--()--Speaking at the World Built Environment Forum’s second Annual Summit in Shanghai next week, Dr. Zhu Min, former Deputy Managing Director of the International Monetary Fund (IMF) and President of the National Institute of Financial Research at Tsinghua University, will identify key emerging concerns in global financial markets and their implications for China’s ambitious ‘One Belt, One Road’ initiative.

In his Summit Address, Dr. Zhu Min will stress the urgency for decision-makers, businesses and investors to help ensure financial stability in a low-growth environment through investment in infrastructure as a key driver for sustainable growth in the Asia-Pacific region.

Prof. Wang Wen, Executive Dean, Chongyang Institute for Financial Studies, Renmin University of China, will also address the Summit, speaking about the geopolitical aspects of ‘One Belt, One Road’ and its implications for the built environment in particular.

The region needs to invest between USD 700 billion and USD 800 billion annually in infrastructure over the next decade1. At a time of relative protectionism, ‘One Belt, One Road’ will create new opportunities for trade and investment, benefitting some 4.4 billion people, with a collective GDP of USD 2 trillion,

RICS CEO Sean Tompkins commented, “The ‘One Belt, One Road’ initiative may prove to be the most significant catalyst for trade growth in our times. The built environment sector can make a unique contribution by delivering infrastructure and real estate projects on schedule and within cost. Skills supply, professional and technical standards, together with appropriate regulation will be the critical ingredients for success.”

Dr Zhu Min leads a distinguished field of thought leaders from the Chinese government, the financial and property sectors as well as regulatory and investment bodies that will headline this year’s summit. These include: Danny Alexander, Vice-president, Asian Infrastructure Investment Bank (AIIB), Liu Hungchih, Senior Vice President, Strategy & Development, Greater China, AECOM and Kyle Barker, Head of International Development, WeWork.

The World Built Environment Forum is a leading platform for bringing together governments, industry and civil society stakeholders to work collaboratively and ultimately find solutions to issues affecting construction, infrastructure and real estate. The second Annual Summit in Shanghai follows the successful inaugural Summit in Washington DC last year, at which former US Treasury secretary, Dr. Larry Summers, delivered the keynote address.

For more on the Summit see: or Download the full programme here.


Thought leadership from RICS ahead of the Annual Summit of the World Built Environment Forum:



One Belt: A new route to global economic success by RICS (January 2017)

Faster than a ship, China's recently launched direct rail freight service to London, takes just two weeks to arrive and tells an important story of trade and globalisation. This incredible infrastructure development is part of the remarkable “New Silk Road", a mega-project that focuses on connectivity and cooperation among countries, primarily the People's Republic of China and the rest of Eurasia. Read more


Opinion: Connecting up a new economic powerhouse by Dr. Wang Wen (February 2017)

Like most good ideas, One Belt, One Road – China’s key international strategic project – is both simple and based on extremely powerful forces. Asia has long been home to the world’s most rapidly growing economies in percentage terms. But it is now also the centre of the world’s greatest economic growth in absolute dollar terms. Read more


Commentary: The Global Snapshot: Professionalism that supports the global economy by Sean Tompkins, RICS CEO (February 2017)

We may be witnessing some sort of change in how we’re mapping the world … in economic terms at least. China, through its “One Belt, One Road” (OBOR) development strategy, is creating, redrawing and, in some ways, reviving old trade routes across continents and across oceans. Read More


Insight: China plots its course on the New Silk Road, Modus Magazine (February 2017)

One project that clearly projects an enormous amount of confidence is One Belt, One Road (OBOR), China’s grand plan to re-draw its trade links with Eurasia via a gigantic network of complementary rail, maritime and road links. Read the full issue online


About RICS

Confidence through Professional Standards

RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve.

We accredit 125,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply.

We believe that standards underpin effective markets. With up to seventy per cent of the world’s wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe.

With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.

We are proud of our reputation and work hard to protect it, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.

About the World Built Environment Forum

The World Built Environment Forum is a global network of professionals who create and manage the environments the world needs. It aims to set the standard for dialogue and cooperation that is vital for the built environment sector. The Annual Summit, and associated regional events offer regular meeting places for Forum members to discuss the most pressing challenges, identify practical solutions, and to network with international peers. Held in a different urban hub every year, the next two Annual Summits will take place 27-28 March 2017 in Shanghai and 13-14 April 2018 in London. Find more at:

1 United Nations ESCAP report ‘Mobilising Private Capital Flows for Infrastructure Development in Asia and the Pacific’, 24 March 2016


Media enquiry:
RICS East Asia Public Relations Representatives
Ms Peggy Mak, 3159-2982
Ms Penn Leung, 3159-2986

Release Summary

Financial stability a critical challenge for Asia in next five years: former IMF expert


Media enquiry:
RICS East Asia Public Relations Representatives
Ms Peggy Mak, 3159-2982
Ms Penn Leung, 3159-2986