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.
Links between Hong Kong and Southeast Asia are strengthening, as both balance the recovery from the COVID-19 pandemic with global challenges posed by supply chain interruptions, inflationary pressures and geopolitical tensions.
Business links between Hong Kong and Southeast Asia are growing faster than a rain-forest bamboo grove, prompting the Hong Kong Trade Development Council (HKTDC) to organise a mission to Singapore, the business hub of the Association of Southeast Asian Nations, Indonesia, the biggest ASEAN member, and nimble technology developer Malaysia.
Closer economic and trade development between Hong Kong and Mainland China in recent years has prompted many mainland securities companies to build a global presence through the financial hub of Hong Kong.
Easy BUD, a simplified application process for the government’s Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), was launched last month to cut the processing time for applications.
The Ningbo-Hong Kong Economic Cooperation Forum 2023, jointly organised by the HKTDC and the government of Ningbo city, Zhejiang province, was held in Hong Kong last month. A Ningbo delegation comprising political and business leaders attended in-person, as the two cities explored collaborations to drive the nation’s high-quality development, as well as create new momentum for Hong Kong’s economy.
The Guangdong-Hong Kong-Macao Greater Bay Area is rapidly maturing into a world-class hub for both finance and innovation-technology, leading to greater integration between Hong Kong and the nine GBA centres in Mainland China.
The Association of Southeast Asian Nations (ASEAN) is maturing into a key market and investment destination for Hong Kong firms, as well as a source of commodities and capital. Bangkok, capital of Thailand, lies in the heart of this fast-growing region.