Our Hong Kong Foundation Addresses Damage to City’s Global Standing Amidst US-China Relations
Strategic Moves by Our Hong Kong Foundation
Hong Kong's largest think tank, Our Hong Kong Foundation, is dedicated to addressing the huge reputation damage the city has incurred amid increasing tensions between the US and China. Chairman Bernard Chan has indicated that expanding overseas exchanges is crucial to showcase the city internationally.
Future of US-China Ties
Chan emphasized the need for local businesses to adapt to what he termed as the new norm in US-China relations, influenced significantly by the upcoming US presidential election. Whether Vice-President Kamala Harris or Donald Trump wins, changes in policies will remain, as the US continues its tough stance towards China.
Challenges and Opportunities
- Building International Relationships
- Addressing Negative Perceptions
- Enhancing Global Competitiveness
In light of the national security law imposed by Beijing in 2020, Chan stated that the reputation of Hong Kong in international forums has taken a hit. It has led to massive departures of American companies from the city, impacting its financial landscape.
Looking Ahead
Chan believes that engaging with a broader range of international organizations and finding common ground outside politics is imperative for the foundation’s mission. As geopolitical tensions persist, the focus remains on fostering relationships that may mitigate the city's reputational challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.