Need for action to reinforce economic security and support net zero – a German-Japanese perspective
Despite the distance of around 9,000 kilometers between Berlin and Tokyo, Germany and Japan are close partners. Both countries are intensifying their bilateral relations and face similar transformation challenges due to their dependence on frictionless global trade and net zero commitments. The Frankfurt Main Finance study presents a three-step approach to managing global supply chain risks.
Top speakers at FinCity Tokyo’s flagship event- FinCity Global Forum
The Japanese economy is at a turning point: Prime Minister Fumio Kishida has announced that Japan is aiming to become a leader in wealth management. FinCity.Tokyo therefore aims to increase Tokyo’s attractiveness as a financial market and establish the city as a global financial centre. The Global Forum of the Financial Centre Initiative will take place on 31 January at the same time as the Tokyo Asset Management Forum in order to promote intensive discussions and the growth of the industry.
The Synergies between Japan and Germany
Japan and Germany can shoulder the ecological transformation more easily through increased cooperation, write the President of Frankfurt Main Finance, Gerhard Wiesheu, and the Japanese LDPD member of parliament Seiji Kihara.
Chengdu, China
Frankfurt Main Finance and the China Innovation Finance Institute have signed a comprehensive Memorandum of Understanding (MoU), laying the groundwork for enhanced cooperation in 2023.
Delegation from the Montréal financial centre on a working visit to Frankfurt
Representatives of the financial centers Montréal and Frankfurt met in Frankfurt for a working visit and discussed the future of their further cooperation.
Banking market: foreign banks beat local institutions
Germany’s banking market is undergoing a transformation: foreign banks and specialists achieve a return on equity of 10.4%, while local institutions are at 4%. 2022 was a record year with operating income of 138 billion euros and 15% more interest income. Nevertheless, the industry faces challenges such as digitalization, balance sheet management and staff development. By 2030, 30% of staff will retire due to age.
Financial centre Frankfurt overtakes Paris
Frankfurt has overtaken Paris in the global financial center ranking, the Global Financial Centres Index (GFCI), by the Z/Yen Group. Participants in the survey believe the city will play a more important role in the future.
Companies tighten austerity – investments focus on AI and transformation
In view of persistently high inflation, a mixed economic outlook, high energy prices and considerable geopolitical tensions, more and more German companies are putting planned major investments on hold.
WAIFC’s Global Footprint and Commitment to Sustainability: Hubertus Vaeth Reflects on Achievements as Co-founder
Hubertus Vaeth addresses the challenges faced by Frankfurt Main Finance, in the third quarter of 2023. During this interview, it is also highlighted the notable achievements of the World Alliance of International Financial Centers (WAIFC) and he shares his objectives as a co-founder.
Hubertus Väth on partnership with Finance Montréal: promoting cooperation on sustainability standards
Finance Montréal and Frankfurt Main Finance have signed a Memorandum of Understanding to support the Global Baseline in Sustainability Reporting of the International Sustainability Standards Board (ISSB). Green and Sustainable Finance Cluster Germany Managing Director Michael Schmidt spoke with FMF Managing Director Hubertus Väth about the background.
