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

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.

Looking Past the Crises: Europe, Hong Kong and the Belt and Road

Europe has been at the heart of the Mainland’s Belt and Road Initiative ever since its inception. Despite the pandemic putting some plans on hold, EU-BRI cooperation continues to flourish. Iris Pang, Chief Economist for Greater China from ING Wholesale Banking, spoke at the Chamber’s webinar organized by the Belt and Road Working Group on 19 June. She said that investments into the BRI were predominantly in the transport and logistics sector. Europe benefited from the BRI though enhanced infrastructure, access to financing and strategic partnerships for trading with China.

Also speaking at the webinar, Krisztina Dóra Koletár, Trade Commissioner from the Consulate General of Hungary in Hong Kong, gave a brief background of Hungary and its role in the BRI, as well as how Hong Kong businesses should take advantage of the BRI to connect with Hungary.

Sustainability on the Belt and Road after Covid-19

Sustainability has become increasingly important in the Belt and Road Initiative (BRI), and this trend is set to continue after the Covid-19 pandemic. That’s according to the BRI Beyond 2020 report compiled by the Economist Corporate Network on behalf of Baker & McKenzie. At a webinar on 19 May, Bee Chun Boo and Simon Leung, both Partners at the law firm, shared the report findings and their insights on financing trends with the Initiative. They were joined by fellow partners Martin David and Mini vandePol, who spoke respectively on the sustainability and compliance aspects of BRI projects.

Good Reads

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

Finding a Role on the New Silk Road

As the Belt and Road Initiative develops, opportunities are emerging for Hong Kong businesses willing to explore uncharted waters, writes Bulletin Editor Helen Sloan