Posted in: Press Releases
September 11, 2017
The Belt and Road Summit, co-organised by the HKSAR Government and the Hong Kong Trade Development Council, was held today (September 11), attracting more than 3,000 political leaders, policymakers, business leaders and experts in related trades from all over the world.
Delivering a keynote speech at the Summit themed "From Vision to Action", the Chief Executive, Mrs Carrie Lam, said that behind the infrastructure investment in the Belt and Road Initiative, a variety of services are required to turn plans into vivid reality: investment and risk assessment, research, financing, insurance, accounting, legal services and arbitration, etc.
"Today, these service sectors represent new economic drivers for Hong Kong and are essential to the Belt and Road vision," Mrs Lam said.
She also pointed out that as an international metropolis and China's best-connected city, Hong Kong can, and will, make immense contributions to the Belt and Road across all the five areas of connectivity, namely policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds.
"The Initiative will have a significant impact, not only for China and Asia, but also for countries along the Belt and Road routes and beyond," Mrs Lam said.
Noting that ASEAN is strategically located on the Belt and Road routes, and the region's emerging economies are seen as future drivers of the regional and global economy, she said the Hong Kong-ASEAN Free Trade Agreement which had been successfully concluded recently would further enhance flows of trade and investment between Hong Kong and ASEAN, at a key intersection for the Belt and Road.
The Summit also featured three other keynote speakers from the Mainland who addressed the audience on behalf of their respective ministries: the Vice Chairman of the National Development and Reform Commission, Mr Ning Jizhe; the Vice Minister of Commerce, Ms Gao Yan; and the Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the Hong Kong Special Administrative Region, Mr Xie Feng. They expressed strong support for Hong Kong’s full participation in the Initiative.
The Financial Secretary, Mr Paul Chan, delivered a speech at the keynote luncheon. "Hong Kong is the natural premier services and capital hub for the Belt and Road and its far-reaching mission. That is particularly true for infrastructure financing and financial connectivity, both of which lie at the forefront of the Belt and Road Initiative," he said.
Mr Chan added that the Guangdong-Hong Kong-Macao Bay Area, of which the study of the development plan was announced in March by Premier Li Keqiang, will accelerate the flow of people, goods, capital and information across the region, presenting enormous business opportunities for Hong Kong and overseas businesses.
Also speaking at the Summit, the Secretary for Commerce and Economic Development, Mr Edward Yau, said that an agreement between Hong Kong and the National Development and Reform Commission is expected to be signed before end of the year to give the business community a better grasp of the Initiative.
"The agreement would give a very detailed description of areas that Hong Kong is good at, and areas that we believe that Hong Kong can serve the Belt and Road Initiative not just for the country, but also for partners that will be collaborating with the Mainland," Mr Yau said.
Mr Yau hoped that the Summit will become an annual business forum that augments the high-level Belt and Road Forum for International Cooperation to be held in Beijing biannually, and the business forum for both government-to-business and business-to-business connections.
The one-day Summit features four keynote speeches, a keynote luncheon, a series of panel sessions and concurrent investment and business matching sessions, as well as investment project presentations and networking sessions, with the latter focusing on transport and logistics infrastructure; energy, natural resources and public utilities; and urban development. The Secretary for Justice, Mr Rimsky Yuen, SC, also spoke at the panel session on "Using Hong Kong as a Platform for Infrastructure Dispute Resolution".
The Chief Executive, Mrs Carrie Lam, speaks at the Belt and Road Summit at the Hong Kong Convention and Exhibition Centre this morning (September 11)
The Chief Executive, Mrs Carrie Lam, attended the Belt and Road Summit at the Hong Kong Convention and Exhibition Centre this morning (September 11). Photo shows (front row, from left): Deputy Director of the Hong Kong and Macao Affairs Office of the State Council Mr Huang Liuquan; the Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the Hong Kong Special Administrative Region (HKSAR), Mr Xie Feng; Vice Minister of Commerce Ms Gao Yan; Vice Chairman of the National Development and Reform Commission Mr Ning Jizhe; the Director of the Liaison Office of the Central People's Government in the HKSAR, Mr Zhang Xiaoming; the Chairman of the Hong Kong Trade Development Council, Mr Vincent Lo; Mrs Lam; the Chief Secretary for Administration, Mr Matthew Cheung Kin-chung; the Financial Secretary, Mr Paul Chan; the Secretary for Commerce and Economic Development, Mr Edward Yau; the Chairman of the Financial Services Development Council, Mrs Laura Cha; the Executive Director of the Hong Kong Trade Development Council, Ms Margaret Fong; and other guests at the Summit.
The Financial Secretary, Mr Paul Chan, speaks at the Belt and Road Summit Luncheon at the Hong Kong Convention and Exhibition Centre this afternoon (September 11).
The Secretary for Commerce and Economic Development, Mr Edward Yau, shares his insight on the role played by Hong Kong in the Belt and Road Initiative at the session entitled "Investing in Belt and Road: Dialogue with Policymakers" of the Belt and Road Summit today (September 11).
The Secretary for Commerce and Economic Development, Mr Edward Yau (first right); the Deputy Minister of Infrastructure and Construction of Poland, Ms Justyna Skrzydło (second right); the Deputy Minister of Foreign Affairs of Thailand, Mr Virasakdi Futrakul (second left); and the Chairman of the Financial Services Development Council, Mrs Laura M Cha (first left), attend the session entitled "Investing in Belt and Road: Dialogue with Policymakers" of the Belt and Road Summit today (September 11).
Chinese version on next page.
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