AFF2014: Critical Next Phase of China's Urbanisation

The next phase of China's urbanisation is to establish a stable and consistent economy which will require capitalisation and reform of China's bond market, says Stephen Bird, Citi's CEO for the Asia Pacific. Urbanisation will see greater participation of some 400 million rural Chinese in 270 cities, a critical topic for China and the world. Hong Kong will prosper as it adapts to a new world developing for China.