Hong Kong will play a vital role in regional cooperation

HONG KONG (Reuters) – The Hong Kong Special Administrative Region will continue to play a pivotal role as a bridge between the Chinese mainland and overseas markets to boost regional economic cooperation with Asia-Pacific countries, officials said. said officials and business leaders at the 2022 Hong Kong Summit.

Themed “Emerging Opportunities in a New Paradigm of Regional Cooperation,” the event was co-organized by the Hong Kong-based China General Chamber of Commerce and the China Council for the Promotion of International Trade.

Hong Kong chief executive John Lee Ka-chiu said it had been more than three decades since the city joined the Asia-Pacific economic cooperation forum in 1991.

“We are now working closely with Apec partners to boost regional economic cooperation and build a more resilient economy to face the pandemic,” he said in a keynote address.

Hong Kong is uniquely positioned to benefit APEC economies, bolstered by its links to the mainland market and national development strategies, particularly the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road,” he said.

“Hong Kong can help economies around the world take advantage of the Belt and Road Initiative to build on infrastructure development, as well as people-to-people ties, connectivity and cooperation,” did he declare.

The Asian Financial Center will continue to be a vital partner of Belt and Road, providing unique services to achieve long-term growth and prosperity across the region and beyond. This includes project funding, support for professional services, economic and trade cooperation, innovation, technological capacity building and cultural exchanges, he said.

Facing the challenges of pandemic restrictions, Lee stressed the importance of maintaining Hong Kong’s international connectivity. The government recently made changes to its quarantine regulations, introducing a “3+4” formula – three days of mandatory quarantine in hotels plus four days of medical surveillance at home – which it says has been welcomed by the business sector.

Jin Liqun, chairman and chairman of the Asian Infrastructure Investment Bank, is optimistic about Hong Kong’s long-term growth, saying that as the renminbi’s largest offshore hub, the city offers a full range of banking services and also has a large pool of financial services. , legal, accounting and other professionals.

Regional cooperation is essential to deal with global value chain disruptions and geopolitical tensions, he said.

“We need to understand that regional and global value chains remain essential to our standard of living. Overreaction from each country trying to do everything on its own is risky,” Jin warned. – Chinese Daily/ANN

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