Until recently the words “Middle East” simply called to mind a source of mineral energy resources and lengthy history, but recently the region has become a powerhouse of innovative technologies, as well as both a source and destination for investment funds.
Hong Kong will host the eighth Belt and Road Summit next week on 13-14 September, to reflect on the first decade of the Belt and Road Initiative and discuss future business and investment collaboration focused on emerging markets and new sectors, while showcasing Hong Kong’s unique advantages to the global community.
Biotechnology and sustainability are key factors in the development of the Belt and Road Initiative. These technology-heavy fields received extensive attention at last month’s Belt and Road Summit, organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC).
Hong Kong’s hub and connector status – serving as a gateway between Mainland China and the rest of the world, and a pivot point for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the new Regional Comprehensive Economic Partnership (RCEP) – makes the city a natural focus point for the Belt and Road Initiative.
As pivot points between Mainland China and the rest of the world, Hong Kong and the broader Guangdong-Hong Kong-Macao Greater Bay Area both have key roles to play in the Belt and Road Initiative. As COVID-19 restrictions ease and physical gatherings are made easier, government and business leaders from around the world will converge on Hong Kong for the Belt and Road Summit at the end of this month.
The Hong Kong business community has welcomed authorities’ move to relax COVID-19 prevention requirements for arrivals, who from 12 August will need to stay in a quarantine hotel for three days followed by four days of self-isolation.
The vast resource-rich steppe nation of Kazakhstan and the vibrant financial hub of Hong Kong could not have sounded more dissimilar, but complementary strengths are making them perfect business partners.
A year and a half into the COVID-19 pandemic, many small and medium-sized businesses (SMEs) in Asia have adapted to the environment and are preparing to capitalise on the recovery of the global economy.
As all the items tossed into the sky by the global COVID-19 pandemic settled back to earth, the world took on a new shape. The shake-up has accentuated the need for global economic cooperation, putting the spotlight on such international collaboration programmes as the Belt and Road Initiative, which is supported by an economic growth engine -- the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
It has been suggested that the Asia-Pacific’s Regional Comprehensive Economic Partnership (RCEP) and China’s Guangdong-Hong Kong-Macao Greater Bay Area can support the Belt and Road Initiative in driving global development forward. Ways to achieve this will be examined at the Belt and Road Summit 2021.