WASHINGTON, DC - Today, the Institute of International Finance (IIF) issued the following statement from Tim Adams, President and CEO, formally postponing the previously planned 2020 Spring Membership Meeting in Beijing, China given the uncertainty of the novel coronavirus:
"Given the on-going uncertainty surrounding the novel coronavirus and after consulting with Beijing authorities, our staff, event sponsors, and potential attendees, we have made the difficult decision to postpone our Beijing Spring Membership event until 2021. The Chinese government, and the people of China, face a near-term daunting challenge to evaluate and contain the outbreak. We hope to see a return to normalcy in the near future, and look forward to bringing a world-class event to Beijing in 2021.”
About the IIF: The Institute of International Finance is the global association of the financial industry, with more than 450 members from more than 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.