Hong Kong firms join forces to make deals under Silk Road plan
Companies will draw on their experience to initially establish infrastructure projects and industrial parks in Thailand and Vietnam
Hong Kong companies will form a consortium to build infrastructure projects and industrial parks in Thailand and Vietnam under mainland China’s Silk Road project, the Trade Development Council says.
Council chairman Vincent Lo Hong-sui said over 40 business leaders from Hong Kong and Shanghai formed a delegation while visiting the two countries last month and met both prime ministers.
He added that this was one of many steps in further involving Hong Kong companies with the “One Belt, One Road” initiative.
Lo said the statutory body was now forming “a consortium of local companies” to help them enter these developing markets as a collective force.
“We are looking to build infrastructure projects and industrial parks in countries under the belt and road initiative.”
The initiative was launched by Beijing in 2013 to promote the building of railways, roads, power plants and other infrastructure projects in 60 countries from Asia to Europe on its old Silk Road to promote trade and economic growth.
