FS hails deepening HK, Belt-Road connections

Financial Secretary Paul Chan emphasized on Sunday that Hong Kong's ties with Belt and Road regions and the Global South have strengthened, accompanied by a surge in Hong Kong's innovation and technology capabilities. In his weekly blog, Chan highlighted how Hong Kong's collaboration with the Middle East has broadened beyond finance to encompass industry-oriented innovation and technology, expanding economic and investment linkages.

He noted that Hong Kong's cooperation with Belt and Road regions has progressed from isolated initiatives to more integrated partnerships. Chan stated that the city's robust scientific research and innovation prowess enable regional cooperation to extend into the innovation and technology sector. In the Middle East and Central Asia, Hong Kong's growing appeal lies in its capacity to provide feasible innovations, commercially viable applications, and high-end industrial capabilities.

By combining Hong Kong's advanced manufacturing prowess and the vast market in the Greater Bay Area, these assets promise not only commercial gains but also high-quality development for all involved parties. Chan also pointed out that Hong Kong's forthcoming five-year plan and latest Policy Address will capture the market's attention during the next week, offering clearer insights into the city's future trajectory and policies.

This enhanced understanding will aid stakeholders in strategically planning their investments and business ventures in Hong Kong and across the region.