Hong Kong's Role in the Belt and Road Initiative: Insights from Key Conference
Hong Kong's Enhanced Role in the Belt and Road Initiative
Hong Kong's role in the Belt and Road Initiative is about to expand significantly as China signals support for the city’s contributions. The recent summit held at the Hong Kong Convention and Exhibition Centre illustrated the global hub’s potential in financial services and professional services. Chinese National Li Yongjie highlighted that Hong Kong would play an irreplaceable role in enhancing cooperation among state-owned enterprises and international markets.
High-Level Collaboration and Support
- Nguyen Hoa Binh's address underscored the growing ties between Hong Kong and Vietnam.
- The collaboration aims to promote bilateral trade and high-tech investment.
- Dispatches from the summit indicated potential growth in two-way tourism efforts.
Future Opportunities for Hong Kong
- The Ministry of Commerce plans to expand Hong Kong's participation in joint projects.
- Support for achieving more free trade agreements is also paramount.
- Hong Kong’s trade with Belt and Road economies grew by nearly 60% between 2013 and 2023.
Hong Kong Chief Executive John Lee Ka-chiu emphasized that the city is well-positioned as a cooperative partner for enhancing connectivity and economic growth via the Belt and Road Initiative.
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.