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Asia's CFOs focus on China's economy, Trump

Among 24 CFOs in the US, just four answered "Presidential primaries/US Election" to the same question. Trump's name was not mentioned in their responses.

May 16, 2016 / 11:09 IST
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China's economic slowdown and the continued rise of Donald Trump in the US presidential race are the two major issues on top of the minds of chief financial officers in Asia, revealed a quarterly survey from the CNBC Global CFO Council released on Monday.

When asked what the most important business or financial news story has been so far in 2016, four out of eight CFOs polled in Asia Pacific cited China while two mentioned Trump.

Among 24 CFOs in the US, just four answered "Presidential primaries/US Election" to the same question. Trump's name was not mentioned in their responses.

The respondents did not elaborate on why they chose China but for CLP Holdings, the answer is clear. Asia Pacific is the energy company's biggest market.

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"(It's not) so much the activity and GDP growth but also the pace of transition of the economy in China. Because as the economy transitions, it also has significant impact on how much power we will sell," CLP's CFO Geert Peeters told CNBC's Squawk Box.

Also key is the transition in China's environmental policies as it moves away from coal to cleaner sources of energy.