Global Trade Initiative Expands
Hong Kong Belt and Road Summit Draws Thousands of Global Business Leaders
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Key Points
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Hong Kong’s merchandise trade with Belt and Road partner economies increased nearly 17% in the previous year to approximately US$323 billion. Nearly 1,500 companies from those economies have established offices in Hong Kong, while more than 100 are listed on the Hong Kong Stock Exchange.
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Hong Kong Chief Executive John Lee described the initiative as “not a map of the past, but a shared blueprint for the future,” saying Hong Kong is where that future can be realized.
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Thirty-two memoranda of understanding and agreements were signed on the summit’s first day, covering finance, professional services and construction.
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The first-day agreements involved organizations from the Chinese mainland, Australia, Indonesia, Kazakhstan, Laos, Malaysia, Oman, Qatar and Uzbekistan, illustrating the summit’s broad geographic reach.
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The opening session featured addresses by Uzbekistan Prime Minister Abdulla Aripov, Uruguay Vice President Carolina Cosse and Laos Deputy Prime Minister Saleumxay Kommasith, along with remarks from China’s vice commerce minister Yan Dong and State-owned Assets Supervision and Administration Commission Vice Chairman Li Zhen.
Hong Kong hosted its 11th Belt and Road Summit on September 9-10, drawing more than 6,200 government and business leaders from over 70 countries and regions Fairview Post. The two-day event showcased 300+ investment projects, produced over 60 memoranda of understanding, and facilitated more than 800 one-on-one business meetings across finance, professional services, industry and construction.
Hong Kong Chief Executive John Lee framed the Belt and Road Initiative as "not a map of the past, but a shared blueprint for the future," positioning the city as where that future can be realized Clinton News Record. Hong Kong's merchandise trade with Belt and Road partner economies jumped nearly 17% year-over-year to approximately US$323 billion, with nearly 1,500 Belt and Road companies now operating from the city.
Hong Kong Emerges as Gateway to Global Markets
Hong Kong is positioning itself as the bridge between China and emerging markets across ASEAN, Central Asia, the Middle East, Africa and Latin America Cochrane Times Post. More than 100 Belt and Road companies are now listed on the Hong Kong Stock Exchange, cementing the city's role as a financial hub for cross-border investment and trade.
A new GoGlobal Chapter program offers Chinese mainland companies matchmaking services, advisory discussions and business missions to expand overseas through Hong Kong Paris Star Online. This initiative directly targets companies seeking to tap into Belt and Road markets and establish international operations.
First Day Produces 32 Agreements Across Nine Nations
The summit's opening day generated 32 memoranda of understanding and agreements covering finance, professional services and construction Chatham Daily News. Signatories represented the Chinese mainland, Australia, Indonesia, Kazakhstan, Laos, Malaysia, Oman, Qatar and Uzbekistan, demonstrating the breadth of international participation.
Top Officials Champion Belt and Road's Economic Promise
The opening session featured speakers from across the Belt and Road network, including Uzbekistan Prime Minister Abdulla Aripov, Uruguay Vice President Carolina Cosse and Laos Deputy Prime Minister Saleumxay Kommasith Fairview Post. China's Vice Commerce Minister Yan Dong and State-owned Assets Supervision and Administration Commission Vice Chairman Li Zhen also addressed attendees, underscoring Beijing's commitment to the initiative.
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