Belt and Road Corner

Hong Kong: A Key Link in the BRI

With its unique strengths, Hong Kong is well placed to play the role of "super-connector" for the Belt and Road Initiative. Our competitive advantages include preferential access to the massive Mainland market, internationally compatible trade, commercial and legal systems, as well as our strategic location, infrastructure and talent pool.

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Hong Kong's Added Value for the Belt and Road

A Key Link in the Initiative

The Mainland’s reform and opening-up over the past four decades helped power the tremendous transformation and growth of Hong Kong’s economy. Looking ahead to the next 40 years, the Belt and Road Initiative is a new engine that will help drive our continued economic and social development.

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Chamber Belt and Road Talks

Reopening Hong Kong Travel: Rapid Testing, Travel Bubbles, and the New Norm to Tourism

Edward Yau, Secretary for Commerce and Economic Development, updated members on the Air Travel Bubble between Hong Kong and Singapore at a Chamber webinar on 4 November. He said he hoped the bilateral arrangement would be launched by the end of November. He added that the Government has been speaking to 10 other countries to establish similar Air Travel Bubbles, and among these, negotiations with Thailand and Japan are at a more advanced stage. He also reassured members that there will be safety measures and mechanisms in place to ensure that the arrangement is safe.

Danny Yeung, CEO and Co-founder of Prenetics, introduced his company’s latest rapid Covid-19 test and explained their work to help reopen Hong Kong by making low-cost, on-the-spot testing readily available at various airports. He said the new test, which takes 15-30 minutes, had already been deployed at London Heathrow Airport. Once implemented at Hong Kong’s airport, it should be able to perform 12,000 tests per day.

Also speaking at the webinar, Arnaud Bernaert, Head of Shaping the Future of Health and Healthcare of the World Economic Forum (WEF), told members about the efforts by the WEF, collaborating with the Commons Project and Prenetics, to help economies overcome the pandemic. The digital CommonPass could facilitate the return to normality by certifying people as safe to travel, although he said that harmonizing regulations and implementing such a scheme could take time.
 

Belt & Road Working Group Meeting with Co-Convenors

Nigel Collett, Chairman of the Asia & Africa Committee, held a meeting with Edmond Yue and Nicholas Ho, the Belt and Road Working Group’s two new Co-Convenors, on 24 September. They discussed the prospects and goals of Group for the coming year.

Meeting with Dr Witman Hung Belt and Road General Chamber of Commerce

Dr Witman Hung, Vice Chairman of Professional Committee on Innovative Technology at the Belt and Road General Chamber of Commerce (BRGCC), visited the Chamber on 14 July accompanied by his team to introduce BRGCC’s "Belt and Road Projects Database Service Platform." They were welcomed by Chamber CEO George Leung and Belt and Road Working Group Convenor Andrew Wells. Dr Hung explained that the platform was supported by the State Information Center and aimed to provide a one-stop-shop for BRI project intelligence and business matching. The two sides discussed potential collaboration and how to help businesses take advantage of the Belt and Road Initiative.

BRI Working Group Meeting

Nicholas Ho, Deputy Managing Director of hpa, shared his experience working on projects along the Belt and Road at the Chamber’s Belt and Road Working Group meeting on 19 June. He said the Belt and Road Initiative provided a framework to encourage foreign direct investment to less developed countries, and had generally improved physical, cultural, digital and technology connectivity among participating countries. He added that members interested in doing business in South East Asia should study the market extensively and evaluate potential risks. With a population of around 600 million people, the South East Asia market is heavily fragmented by political systems and cycles, and languages and cultures.

Good Reads

Serving the Hong Kong Community

It is important to help the underprivileged at this time of severe economic stress and to work to build a better Hong Kong for all

BRI Opportunities for Financial Services

Hong Kong’s financial services sector can play a key role in the post-pandemic recovery in Belt and Road economies

Belt and Road Provides Path to New Opportunities

Strong fundamentals and experience as a bridge between cultures put Hong Kong businesses in a good position