Hong Kong's participation in the construction of the "the Belt and Road" is full of momentum
2024-09-19
The 9th "the Belt and Road" Summit Forum, co hosted by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council, was recently held in Hong Kong, attracting nearly 6000 people from more than 70 countries and regions, including more than 80 political and business leaders from countries and regions that jointly built the "the Belt and Road". During the forum, all parties involved signed a total of 25 memorandums of cooperation, setting a new record in history and showcasing Hong Kong's advantages as a "super value-added person". "In the past 10 years, the trade volume between Hong Kong and the 'the Belt and Road' economies outside the mainland has increased by nearly 60%, and the trade volume with related economies accounts for 43% of Hong Kong's foreign trade volume." Li Jiachao, Chief Executive of the Hong Kong Special Administrative Region, said at the forum that these data reflected the great potential and prospect of the "the Belt and Road" initiative. Hong Kong enjoys the unique advantage of "relying on the motherland and connecting the world", and its participation in the construction of the "the Belt and Road" is full of momentum and promising. The two-day summit forum on strengthening connectivity is themed "Building a New Silk Road of Connectivity, Innovation, and Green Development". Participants believed that Hong Kong, as an active participant, contributor and beneficiary of the "the Belt and Road Initiative", should seize major opportunities, give full play to Hong Kong's hub function and professional service advantages as an international metropolis, and provide financial, knowledge and program support for international cooperation and sustainable development. Li Jiachao said that innovative technology is the core area of Hong Kong's future development and the main role of Hong Kong in the joint construction of the "the Belt and Road". Hong Kong is collaborating with other cities in the Guangdong Hong Kong Macao Greater Bay Area to develop innovation and technology, gathering the research and development capabilities and advanced manufacturing capabilities of various cities, and accelerating the development of new quality productivity. Li Yong, deputy representative of the Ministry of Commerce for international trade negotiations, said that he would continue to support mainland and Hong Kong enterprises to strengthen information exchange, deepen cooperation in the "the Belt and Road" project, guide Hong Kong enterprises to give full play to the advantages of international financial, legal, shipping, accounting and other service industries, jointly build "the Belt and Road" quality projects, and further enhance Hong Kong's participation in the joint construction of the "the Belt and Road". The New Development Bank, headquartered in Shanghai, is a multilateral development bank jointly established by Brazil, Russia, India, China, and South Africa in 2015. New Development Bank President Rousseff stated at the forum that Hong Kong has always been an important gateway connecting mainland China with the world. As an international financial center, Hong Kong links developing and developed economies and can help build investment and financing in countries and regions along the "the Belt and Road". The New Development Bank looks forward to strengthening its connectivity with Hong Kong. In recent years, with a focus on green industries, Hong Kong's green finance has flourished, and the scale of green financing continues to expand, possessing considerable advantages to develop into an international center for green technology and finance. According to the figures previously released by the SAR government, the total amount of green and sustainable debt issued in Hong Kong in 2023 will exceed 50 billion US dollars, with the total amount of bonds ranking first in the Asian market, accounting for 37%. This forum has added a "Green Chapter" for the first time, focusing on green development and technological innovation, and exploring how to leverage Hong Kong's unique advantages to develop green businesses. The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, believes that as a leading green finance center in Asia and a rapidly developing international green technology center, the financial and technological solutions provided by Hong Kong can help economies embrace green transformation and achieve net zero goals. Liu Huiping, Vice President of the Hong Kong Trade Development Council, introduced that the new energy industry of many countries jointly building the "the Belt and Road" has a strong development momentum, bringing potential to green and sustainable development projects. As a "super value-added person", Hong Kong can give full play to its advantages in green technology, standard setting, professional services and green finance, form an ecosystem to promote green projects, and enable green development cooperation under the "the Belt and Road" framework. In the past 10 years, the Hong Kong Stock Exchange has helped issuers from around the world raise $300 billion through the Hong Kong IPO market, ranking among the top in the world in terms of total financing Chen Yiting, CEO of the Hong Kong Stock Exchange Group, said that as an international financial center, Hong Kong could meet the financing needs of the "the Belt and Road" partners in green transformation. The 25 cooperation memorandums signed at this forum include 4 government cooperation memorandums and 21 commercial cooperation memorandums, involving government agencies and enterprises from Indonesia, Malaysia, Vietnam, Bahrain, Kuwait, Kazakhstan and other places. The cooperation areas cover green food, energy, and innovative technology. One memorandum of cooperation was signed by a Hong Kong company and an Australian company. The two sides announced the establishment of a strategic joint venture, launched green projects corresponding to the "the Belt and Road" initiative, and committed to developing green food networks, sustainable agriculture and conservation. This year, the forum continued to set up a business matching session, showcasing over 280 investment projects covering energy, technological innovation, urban development, transportation, and logistics infrastructure. More than 800 one-on-one project matchmaking sessions were held, which were well received by enterprises. Chen Maobo said that in the future, Hong Kong will continue to play its unique position and advantages as an international financial, trade and shipping center, provide first-class professional services such as finance, law, finance, consulting, dispute resolution and risk management, and provide new opportunities and create new value for the "the Belt and Road" partners. This year is the ninth consecutive time that the "the Belt and Road" Summit Forum has been held in Hong Kong. Since 2016, it has attracted about 40000 people. It has become an important international trade platform for the world to discuss the "the Belt and Road" policies and opportunities, and promote substantive cooperation. It has constantly promoted extensive exchanges and cooperation between Hong Kong and countries and regions jointly building the "the Belt and Road" in trade and investment, science and technology, culture, art, and talent exchanges. (New Society)
Edit：Lubaikang Responsible editor：Chenze
Source：people.com.cn
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