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Belt and Road Opportunities and Hong Kong’s Role

Belt and Road Opportunities and Hong Kong’s Role. Peter Wong Regional Director, Southeast Asia & India. JFCCT Presidents’ Council Meeting 13 March 2017. Belt and Road Initiative: Overview. Belt and Road: to Promote International Connectivity in Five Aspects.

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Belt and Road Opportunities and Hong Kong’s Role

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  1. Belt and Road Opportunities and Hong Kong’s Role Peter Wong Regional Director, Southeast Asia & India JFCCT Presidents’ Council Meeting 13 March 2017

  2. Belt and Road Initiative: Overview

  3. Belt and Road: to Promote International Connectivity in Five Aspects

  4. Belt and Road Initiative: Overview

  5. Hong Kong’s Advantages & Functions in Belt and Road 4 advantages: Location: international transportation hub, gateway to China First mover in mainland opening-up and cooperation Professional services: financial, trade, shipping, accounting, law, consultancy, infrastructure, engineering, etc Cultural and people-to-people interactions: East & West 4 roles: Build a comprehensive services platform Facilitate capital flows, promote RMB internationalisation, development of investment and financing platform Promote cultural exchanges Deepen mainland cooperation, jointly develop markets

  6. Hong Kong Can Help Overseas Companies Capture Belt and Road Opportunities Professional services hub

  7. Hong Kong: International Financial Centre Infrastructure Financing Facilitation Office World’s largest IPO centre • Many top international brands are listed in Hong Kong, eg: Prada, L’Occitane, Coach, Samsonite • Largest offshore capital-raising hub for Chinese companies (>1,000 as at end-2016) Asia’s 2nd largest private equity centre Asia’s 2nd largest foreign exchange market Largest offshore RMB market Global hub for RMB bond issuance Islamic finance: World’s 1st USD sukuk originated by an AAA-rated government (issued in Hong Kong, Sept 2014)

  8. Hong Kong: Ideal Platform for ODI • World’s FREEST economy for 23 years in a row* • Asia’s top FDI destination (World’s No.2) • Asia’s No.3 FDI source (World’s No.9) • Chinese mainland’s largest FDI source Source: Heritage Foundation

  9. Hong Kong: Platform for ODI Hong Kong FDI in ASEAN Countries & India • Hong Kong’s FDI in ASEAN: US$3.62 billion in 2015, ranking 8th as ASEAN’s FDI source • ASEAN’s FDI stock in Hong Kong stood at US$55.9 billion at end-2014 (latest statistics available) Blue fields indicate FDI flows. Orange fields indicate FDI stock.

  10. Hong Kong: Platform for Chinese Outbound Investment 60% of mainland’s outward foreign direct investment goes to or via Hong Kong China Hong Kong

  11. Hong Kong: Logistics & Maritime Services Hub • No.1 air cargo hub • 4.52 million tonnes (2016) • 100+ airlines • 190 destinations • One of world’s busiest • container ports • 19.6 million TEUs (2016) • 340 container liner services weekly, 470 destinations

  12. Hong Kong: Asia’s Integrator for Infrastructure & Real Estate 1st in World Economic Forum infrastructure competitiveness rankings (2016-2017) World-class infrastructure and real estate services Experienced in managing large-scale works projects

  13. Hong Kong: Asia’s Integrator for Infrastructure & Real Estate Many buildings in Nepal collapsed in the devastating earthquake, yet the projects under their supervision were largely intact. This shows the superior quality of Hong Kong's professional services, and proves that such services have a big role to play in the Belt and Road development Zhang Dejiang, Chairman, Standing Committee of the National People’s Congress, China; 2016 Belt and Road Summit, Hong Kong

  14. Hong Kong: Professional Services Centre Dispute resolution and legal services (including arbitration) • Most preferred arbitral seat outside Europe; 3rd worldwide (Queen Mary University of London survey 2015) More than half of the Global 100 law firms have presence in Hong Kong Accounting, due diligence, project/business/risk management consulting, etc International accounting standards

  15. Hong Kong: Regional Trading Hub World’s 7th largest exporter in merchandise trade (2015) 2016 trade: US$974 billion Chinese mainland’s most important entrepôt Free trade pact with Chinese mainland

  16. Hong Kong: Regional Trading Hub Hong Kong’s global rankings as an exporter

  17. Hong Kong: Regional Trading Hub • An international technology marketplace • Tech commercialisation and R&D capabilities • Overseas tech companies’ gateway to mainland market • Asia’s IP trading hub • World-class technology fairs

  18. We provide you with ONLINE and OFFLINE support! HOW? www.beltandroad.hk

  19. Belt and Road Summit 2016 • A World of New Opportunities through Hong Kong • 2,400+ government officials and business leaders from 48 countries • 60 Delegations • 400+ participants at the business matching workshops • Belt & Road Summit 2017 • Hong Kong • 11 September 2017

  20. Thai Hong Kong Trade Association

  21. Thank you!

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