Deeping Belt and Road Business and Connections
Belt & Road Series
We had a constructive meeting with Nicholas Ho, the new Commissioner of Belt and Road Office on 3 November, who outlined the focus of his office for the coming year. Chamber CEO Patrick Yeung, Belt & Road Working Group Co-Convenor Edmond Yue and Asia, Africa & Middle East Committee Chairman Jonathan Lamport welcomed Nicholas and his colleagues.
He explained that the BRI’s focus has now shifted from mega-scale project to smaller ones, as many large infrastructure projects and facilities built over the past 10 years since the project’s launch are now completed. As a result, smaller projects can develop business more easily and cheaply. He also emphasized the importance of magnifying Hong Kong’s role as an interconnector to benefit from the BRI by facilitating business and trade in both inbound and outbound investments. Nicholas also shared that two major themes going forward will be green & sustainable development, and the digital economy.
The Chamber agreed to work more closely with the BRO to help members explore new markets and opportunities in light of more FTAs expected to be signed in the coming years, not least RCEP.
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