BNP Paribas Plans Industrial Conference in Japan for First Time
BNP Paribas SA (BNP), France’s biggest bank, will host a conference on Asian manufacturers in Japan for the first time as interest increases in the world’s best-performing developed equity market.
The Asia Pacific industrials conference will take place in Tokyo in November, with about 80 to 90 percent of the companies introduced being Japanese, according to Yukiko Kishino, a Tokyo-based spokeswoman for the bank. Until now such events were mostly held in Hong Kong, she said.
About 40 companies have registered and the brokerage estimates that as many as 100 foreign and domestic investors will attend, Kishino said. When the bank will hold one of these gatherings in Hong Kong again hasn’t been decided, she said.
Japan’s Topix index surged 37 percent this year through yesterday, the biggest gain among major developed markets, amid optimism Prime Minister Shinzo Abe will boost economic growth. That compares with a 1.5 percent advance for Hong Kong’s Hang Seng Index.
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