Finance chief touts Hong Kong as key player in China’s plan to grow global trade, pointing to city’s ample fiscal products and sound legal system.
Investors should look to Hong Kong as the ideal financing platform for infrastructure projects under Chinaâs plan to grow global trade, a top minister has said, citing the cityâs ample fiscal products, sound legal system and solid experience in handling renminbi-based transactions.
Financial Secretary Paul Chan Mo-po on Sunday also predicted that the countryâs Belt and Road Initiative would lead to more green infrastructure projects, with Hong Kong expected to play a pivotal role.
This year marks the 10th anniversary of Beijingâs plan to link dozens of economies in Asia, Europe and Africa into a China-centred trading network.
Chan said the initiative had turned into an international platform that embodied âopenness, inclusiveness, mutual benefit and win-win cooperationâ.
Hong Kongâs Belt and Road Summit to feature new session devoted to Middle East
He noted that the average annual trade volume between Belt and Road countries and China had doubled from US$1 trillion in 2013 to US$2 trillion last year, with an average annual growth rate of 8 per cent.
More infrastructure projects would emerge as the plan continued to gather steam, with the market responding by offering more investment and financing activities to support the scheme, he said.
âAs the countryâs international financial centre, Hong Kong could make positive and unique contributions in this regard,â he wrote in his weekly ministerial blog.
Financial Secretary Paul Chan Mo-po on Sunday also predicted that the countryâs Belt and Road Initiative would lead to more green infrastructure projects, with Hong Kong expected to play a pivotal role.
This year marks the 10th anniversary of Beijingâs plan to link dozens of economies in Asia, Europe and Africa into a China-centred trading network.
Chan said the initiative had turned into an international platform that embodied âopenness, inclusiveness, mutual benefit and win-win cooperationâ.
Hong Kongâs Belt and Road Summit to feature new session devoted to Middle East
He noted that the average annual trade volume between Belt and Road countries and China had doubled from US$1 trillion in 2013 to US$2 trillion last year, with an average annual growth rate of 8 per cent.
More infrastructure projects would emerge as the plan continued to gather steam, with the market responding by offering more investment and financing activities to support the scheme, he said.
âAs the countryâs international financial centre, Hong Kong could make positive and unique contributions in this regard,â he wrote in his weekly ministerial blog.
