Hong Kong backed by mainland for a better future
2. Belt and Road Initiative
The central government, as well as local governments of mainland cities like Shanghai, has taken steps to support Hong Kong to fully engage in Belt and Road projects.
A memorandum of understanding between the HKSAR government and the Ministry of Commerce has allowed Hong Kong to use the overseas economic and trade cooperation zones as a platform to deeply participate in the Belt and Road Initiative and conduct exchanges and cooperation with other BRI countries and regions.
As an important gateway for mainland enterprises' "going out" development, Hong Kong can support mainland enterprises as well as attract global investors to join BRI construction through improving financial services.
Its prowess in professional services, such as legal and dispute resolution services, accounting and compliance, risk assessment and management, will also be helpful to businesses eager to participate in the Belt and Road Initiative.
