Hong Kong Airport is being privatised. Mergers and alliances with PRD airports are under discussion. The choice of regulatory model will impact investors’ response to any stock issue. It will also impact Hong Kong’s competitiveness as an aviation hub.

8.30	Registration and welcome refreshments
9.00	Welcome remarks David Armstrong, Group Editor-in-Chief, South China Morning Post Professor Richard Wong, Dean, Faculty of Business and Economics, The University of Hong Kong Jeffrey Shafer, Vice Chairman and Asia Regional Head, Public Sector Client Group, Citigroup Global Corporate and Investment Banking Group
9.10	Airport Privatisation: Buyer Perspective/ Sydney Airport Case Study Introduction to Macquarie Airports Background to sale of Sydney Airport Government sale options Sale process Sydney Airport investment case Sydney Airport post acquisition: transition, stakeholder management, investment performance, managing shocks Lessons learned Speaker: Kerrie Mather, CEO, Macquarie Airports Click here for presentation
9.40	Panel Discussion Part I: Hong Kong International Airport - Privatisation What are the benefits from Hong Kong International Airport privatisation? How are HKIA stakeholder interests affected by privatisation? What regulatory model should be adopted and what should be its objective? Should HKIA have an independent regulator? What lessons can be learned from overseas privatisations? Does the emergence of low cost carriers change privatisation objectives? What is the investment case for a privatised HKIA? How do you value an airport in a liberalised environment? Moderators: Dr Stephen Ching, Associate Professor, School of Economics and Finance, The University of Hong Kong Russell Barling, Transport and Logistics Correspondent, South China Morning Post Panelists: Howard Eng, Airport Management Director, Airport Authority, Hong Kong Gilbert Chow, Vice Chairman, Board of Airline Representatives, Hong Kong Colin Campbell, Director, Global Transportation and Infrastructure Investment Banking, Citigroup Y K Leung, Deputy Director-General of Civil Aviation, Civil Aviation Department Wilson Fung, Deputy Secretary for Economic Development and Labour (Economic Development), Government of HKSAR Kerrie Mather, CEO, Macquarie Airports Sim Kok Chwee, Director, Pacific Asia Travel Association Transcripts for downloading
10.40	Morning tea/coffee
11.00	Panel Discussion Part II: Competing in a Liberalising Market Impact of regional air services liberalisation on HKIA Will HKIA emerge as a hub or a gateway to the mainland market? Is competition or co-operation necessary between Guangdong airports? What impact of air services liberalisation on Hong Kong economy and HKIA? Can HKIA retain share of air cargo market in southern China? Moderators: Dr Stephen Ching, Associate Professor, School of Economics and Finance, The University of Hong Kong Russell Barling, Transport and Logistics Correspondent, South China Morning Post Panelists: Howard Eng, Airport Management Director, Airport Authority, Hong Kong Gilbert Chow, Vice Chairman, Board of Airline Representatives, Hong Kong Wilson Fung, Deputy Secretary for Economic Development and Labour (Economic Development), Government of HKSAR David Dodwell, Executive Director, Golin/Harris Forrest Sim Kok Chwee, Director, Pacific Asia Travel Association Jeffrey Shafer, Vice Chairman and Asia Regional Head, Public Sector Client Group, Citigroup Global Corporate and Investment Banking Group Transcripts for downloading
11.45	End of Discussion and Closing Remarks