US-China Tech Decoupling and Implications for MNCs

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As US-China relations fray, there has been growing pressure by policymakers to splinter the global tech sector. On the one side, Beijing recently unveiled a US$1.4 trillion plan to reduce its dependence on foreign technology while on the other side, Washington has imposed new sanctions on Chinese tech firms to restrict Chinese access to US technology. Despite China's initiatives, the US is still a key player in semiconductor manufacturing, at 52% of global market share (as of 2018).

These measures not only create uncertainty for Chinese tech companies, but put a damper on Beijing's big push for new digital infrastructure investments and its 5G national roll out. Relatedly, the whole export-oriented APAC region could be economically affected over the next few years – as many industries and sectors are set to benefit from this new wave of 5G capex spending and product upcycle, estimated to be around $900bn to the region's economy.

As strategic competition intensifies between the world's two largest economies, what does the $+200bn annual US-China tech trade environment look like in the future? What are the implications for multinational tech companies with operations in China or rely on China as part of its global tech supply chain? What are the ramifications for tech companies in Hong Kong now that the US has revoked Hong Kong's special trade status?

Please join this webinar by a panel of distinguished speakers as they decipher the global impact of US-China tech decoupling and share their outlook for the future of innovation and technology.

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Speakers

Dr Toa Charm

Associate Professor, Business School at Chinese University of Hong Kong

Alex Capri

Research Fellow at Hinrich Foundation

Dan Wang

Technology Analyst at Gavekal Dragonomics

David Chao (Moderator)

Global Market Strategist, Asia Pacific at Invesco

Prof. Charm has been contributing to the innovation and technology industry for more than 30 years. He held senior management positions in leading multinational, Hong Kong and mainland enterprises including Cyberport, HSBC, IBM, Oracle, Kingdee and Jardine Pacific. Prof. Charm is currently an associate professor in CUHK Business School where he cultivates the next generation of digital leaders and entrepreneurs. He also chairs and advises a few elite AI/Big Data and FinTech start-ups in Asia.

Prof. Charm specialises in AI/Big Data, FinTech, Innovation and Entrepreneurship, Digital Strategy, Leadership and Transformation. He has been empowering enterprises to transform to the digital economy in various ways. It includes advising senior management on digital transformation, bringing in innovations from start-ups to match corporate needs, co-organizing innovation labs, accelerators, competitions and hackathons with corporates, and delivering best practices training to corporates.

Prof. Charm has been actively cultivating the start-ups ecosystem in Hong Kong and Asia. While he was the Chief Public Mission Officer of Hong Kong Cyberport, Prof. Charm led his team to establish and cultivate a world-leading digital tech ecosystem in Hong Kong with 1,200+ digital tech companies from 30+ countries where 300+ are FinTech companies and at least 3 are unicorns now. Prof. Charm continues playing an active role in Cyberport’s Entrepreneurship Committee Advisory Group, HKSTP’s Mentorship Programme, ASTRI’s Technology Panel and FHKI’s Startup Council. He was the Head Judge of 2020 and 2019 HK ICT Awards – FinTech Award as well as the final judge of the most influential start-ups competitions such as MIT Technology Review Innovators Under 35 APAC, Alibaba JumpStarter, HSBC x HKET Innovative Business Award, HKSTP Elevator Pitch, TechCrunch, BOCHK Hackathon, Citi Challenge, etc.

Prof. Charm serves the communities and industries in Asia through participating in professional and business associations. It includes Hong Kong Institute of Bankers, Hong Kong Retail Management Association, Hong Kong Consumer Council, Hong Kong GS1, Institute of Financial Technologists of Asia, Greater Bay Area Economic & Trade Association, Macau SAR Government Talents Development Committee, Macau University of Science and Technology, Dongguan High-Tech Industry Association, Taipei Foundation of Finance, Malaysia MDEC and more.

Prof. Charm received 2019 College of Business Distinguished Alumni Award and 2018 Doctor of Business Administration Distinguished Alumni Award from the City University of Hong Kong. He also completed senior executive programmes from Harvard, UC-Berkeley, Ivey and CEIBS, and AI/Big Data programme from MIT.

Alex has over 20 years of experience in value chains, logistics and global trade management, both as an academic and a professional consultant. He has advised many of the world’s best-known companies on cross‐border projects in more than 40 countries and he has worked in some of the most challenging regulatory environments throughout the world.

Alex has been living and working in Asia for 15 years. His areas of expertise include customs valuation, free trade agreements, free trade zones, VAT/GST, export controls, sanctions, non‐tariff barriers, digital trade and more. He has also worked on projects involving good governance and sustainable trade.

Currently, Alex Capri is a Senior Fellow and Lecturer in the Business School at the National University of Singapore and Lecturer in the Lee Kuan Yew School of Public Policy. From 2007‐2012, Alex was the Partner and Regional Leader of KPMG’s International Trade & Customs practice in Asia Pacific, based in Hong Kong.

He has been a thought‐leader for the World Economic Forum on the topics of inclusive capitalism, digital transformation and SMEs in emerging economies. Alex writes for a variety of publications including Forbes Asia and The Nikkei Asian Review and is a frequent guest on global television and radio networks, including BBC International, Bloomberg, CNBC and Channel News Asia. He holds a M.Sc. from the London School of Economics, in International Political Economy. He holds a B.Sc. in International Relations, from the University of Southern California.

David Chao is the Global Market Strategist for Asia Pacific, responsible for developing Invesco’s view on the investment market and global economy, as well as providing strategic investment advice to financial professionals and clients in the region. He joined Invesco in 2019.

David has over 15 years of experience in the financial industry across Asia Pacific and North American markets. He has built strong business and governmental networks through providing advisory services to facilitate investments throughout Greater China and Southeast Asia. Prior to joining Invesco, David led the Foreign Direct Investment Advisory unit for United Overseas Bank in Hong Kong. He started his investment career in New York with Goldman Sachs, and later spent over 5 years as an equity analyst with Balyasny Asset Management and Visium Funds.

David holds a Bachelor of Arts cum laude in International Political Economy from Cornell University as well as a Masters in International Affairs from the University of Hong Kong. He is currently the Vice Chair of the Trade and Investment Committee at American Chamber of Commerce in Hong Kong.

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US-China Tech Decoupling and Implications for MNCs

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Speakers

Dr Toa Charm

Alex Capri

Dan Wang

David Chao (Moderator)

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