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

Invest in the Silk Road

The China Merchants Group has overseas assets in more than 40 countries worth 720 billion RMB, including major investments in nations along the Belt and Road. At a roundtable luncheon on 28 March, Li Zhonghan, General Manager of the company’s department for overseas business and international cooperation, discussed some of these projects – including a port in Djibouti and the China-Belarus Industrial Park -- to give members an insight into the advantages and challenges of Belt and Road investment.

Belt & Road Working Group Meeting

At a meeting of the Chamber’s Belt and Road Working Group on 5 March, Paul McComb, Director General for Trade and Investment at the British Consulate General in Hong Kong, introduced the U.K.’s participation in the Belt and Road Initiative. This includes a contribution of US$50 million to the Project Preparation Special Fund of the Asian Infrastructure Investment Bank, and a programme of unconditional guaranteed bank loans provided by U.K. Export Finance. Andrew Wells, Convenor of the Working Group, and members continued the discussion informally at a networking session following the meeting.

Practical implications of the Belt and Road for Hong Kong's SMEs: Risk and Dispute Resolution

Members of the Chamber’s Belt & Road Working Group discussed the practical implications of the initiative for SMEs in terms of risk and dispute resolution at a meeting on 11 December. Behzad Mirzaei, Partner of Basio Consultants & Services, shared his expertise, including doing business in the Middle East  John Yeap, Partner at Pinsent Masons, introduced the typical risks associated with BR projects regarding utility ownership, labour, language and currency. Maria Tan Pedersen, Partner at Jones Day, said investors should fully understand their role and the type of project they are participating in before going ahead with any agreement. Sarah Grimmer, Secretary-General of the Hong Kong International Arbitration Centre, explained some of the approaches to resolving disputes involving BR projects.

Unleashing Myanmar's Potential

Serge Pun, Chairman of SPA Group, gave members a unique perspective on the facts and some of the myths of Myanmar’s business culture. Robert San Pe, Senior Legal Advisor to Myanmar State Counsellor Aung San Suu Kyi, discussed the challenges and opportunities of investing in the newly open Myanmar market. Speakers from the Department of Commerce and Economic Development of HKSAR, Jardine Myanmar Group, Nielsen and CityU also shared their insights at the event. A networking reception for a 30-member delegation from Myanmar following the seminar gave members and guests the opportunity to expand their connections and discuss opportunities in the country.

Good Reads

A New Look at Vienna and Prague

Booming economies and the Belt and Road are providing business opportunities in Central and Eastern Europe, write Jasmine Kwong and Helen Sloan

Pakistan’s Potential

Hong Kong investors should cast aside misconceptions and make the most of opportunities being created by the Belt and Road

Belt and Road: Under the Radar

Beyond the headline infrastructure projects of the initiative, opportunities are emerging in less obvious areas, reports the Chamber’s Editor Helen Sloan