HK called gateway to Belt and Road
The Hong Kong Economic and Trade Office (Toronto) (HKETO) is encouraging Canadian businesses to make full use of Hong Kong’s advantages when tapping into markets opened by the Belt and Road Initiative.
Speaking at a seminar in Montreal organised by the Hong Kong-Canada Business Association on Tuesday, HKETO acting director Nick Choi told the audience that Hong Kong was well positioned to partner with Canadian companies that want to participate in the Belt and Road Initiative.
“With a gross economic volume of $22 trillion and a total population of 4.4 billion along the Belt and Road, the Initiative offers businesses unparalleled opportunities to tap into new markets,” said Choi.
In the area of capital formation and financing, Choi said that as a major international financial centre with well-developed renminbi payment and settlement infrastructure, Hong Kong has the expertise, experience and connections to serve as the fundraising hub and financing platform of the Belt and Road Initiative.
“With our distinctive advantage of being a ‘super-connector’ operating under the ‘one country, two systems’ arrangement, Hong Kong can play a central role in delivering the enormous opportunities presented by the Belt and Road Initiative,” Choi said.
Discussing Hong Kong’s international business network, Choi said that Hong Kong is the most connected international trading centre and a major platform for Chinese mainland’s foreign trade and investment, handling some 20 percent of the Chinese mainland’s international trade.
Being the world-renowned free port which has been ranked as the world’s freest economy for 22 consecutive years by the Heritage Foundation, Hong Kong has developed an extensive network of business connections which can be expanded and extended to include countries along
Hong Kong can play a central role in delivering the enormous opportunities presented by the Belt and Road.”
the Belt and Road, according to Choi.
“Hong Kong is strategically located in the heart of Asia and equipped with world-class infrastructure. It is a global transport and logistics centre which has all that is needed to serve as a gateway connecting with the Chinese mainland and beyond,” Choi stressed.
Choi also told the seminar that Hong Kong can provide high-end international legal and dispute resolution services to companies from different legal and business systems looking for a common platform to settle their differences.
In conclusion, Choi reiterated that Canadian enterprises should make full use of Hong Kong’s strengths in tapping the massive Asian markets and beyond under the Belt and Road Initiative. He also told participants that the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council will jointly hold a Belt and Road summit in Hong Kong this May, with government and business representatives from the economies along the Belt and Road being invited to share insights on the various opportunities offered.