Belt-Road Sharing Session Held

The Commerce & Economic Development Bureau, together with the State-owned Assets Supervision & Administration Commission of the State Council, launched the Mainland Enterprises Partnership Exchange & Interface Programme today.

The programme seeks to promote ties between Mainland enterprises and Hong Kong's professional services bodies in seizing Belt & Road-related opportunities under the country's new development strategy of dual circulation.

Speaking at the programme’s sharing session, Secretary for Commerce & Economic Development Edward Yau said the 14th Five-Year Plan adopted in March supports Hong Kong's contribution to the opening up of the Chinese economy and the development of the city into the prime functional platform for the Belt & Road Initiative.

The support from the country will inject a fresh stimulus to Hong Kong's economy and give further impetus to its participation in the initiative, he added.

Mr Yau noted that Hong Kong's professionals in areas such as financing, risk management, and legal and dispute resolution are conversant with international practices and standards, and are highly reputable.

They possess rich experience and connection networks in relevant areas, and can join hands with Mainland enterprises to leverage on complementary advantages, thereby enhancing the competitiveness and participation standards under the Belt & Road Initiative and open up greater markets, he said.

The sharing session was attended by representatives from more than 40 enterprises and professional services bodies. Representatives from local financial and insurance sectors introduced the financing, professional risk management and insurance services provided in Hong Kong at the session.

Commissioner for Belt & Road Denis Yip also moderated a panel discussion on business co-operation opportunities between Hong Kong and Belt & Road-related countries and regions, and how Hong Kong's professional services sector might support Mainland enterprises in going global.