Date
21 September 2017
Leung Chun-ying (center) says Hong Kong must cash in on the opportunities to be thrown up by China's 'One belt, One Road' initiatives. Photo: HKEJ
Leung Chun-ying (center) says Hong Kong must cash in on the opportunities to be thrown up by China's 'One belt, One Road' initiatives. Photo: HKEJ

HK aims to be ‘super-connector’ for China’s One Belt plan

Hong Kong sees itself as a “super-connector” as China prepares to roll out initiatives under the “One Belt, One Road” strategy, Chief Executive Leung Chun-ying said on Thursday. 

The city can contribute in multiple areas, including finance, culture and education, given its highly open and competitive business environment and transportation advantages, he said.

As one of the key financial centers and offshore hubs for the renminbi, Hong Kong can cater to the rising demand for fund-raising and renminbi settlements, Leung added.

However, he said that the city needs to learn more about the countries that Beijing aims to promote connectivity under the One Belt, One Road policy, the Hong Kong Economic Journal reported.

The One Belt, One Road refers to China’s Silk Road Economic Belt and the 21st Century Maritime Silk Road policy which aims to promote connectivity and cooperation among countries in Asia and parts of Europe.

In other comments, Leung said the government will add more economic and trade offices on top of the current 12 offices overseas, setting sights on more partnership agreements with other nations on trading and taxation fronts.

Business leaders, including Hong Kong Trade Development Council chairman Vincent Lo, Hong Kong Exchanges and Clearing Ltd. (00388.HK) chairman Chow Chung-kong and Fung Holdings Ltd. (01937.HK) chairman Victor Fung, also see opportunities for Hong Kong in relation to China’s Silk Road Economic Belt and the 21st Century Maritime Silk Road.

The city can offer its expertise its finance and professional services and deepen relationships with countries along the Silk Road, they say. 

Financial Secretary John Tsang is said to be planning an official trip to Central Asia early next year.

[Chinese version中文版]

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