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Hong Kong business leaders team up to seize Belt and Road opportunities

Group, officially unveiled on Wednesday, is made up of 28 influential business leaders and academics

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Belt and Road Committee’s members (from left) Andrew Weir, Frederick Ma Si-hang, Vincent Lo Hong-sui, Jonathan Choi Koon-sum, Nicholas Ho Lik-chi and Jason Chiu. Photo: Tony Cheung

Hong Kong’s trade promotion body has taken steps to tap into opportunities offered by China’s ambitious international trade strategy by launching a new high-powered committee of business leaders to come up with detailed plans.

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They are focusing on the Belt and Road Initiative, which was proposed by President Xi Jinping in 2013 to cover more than 60 countries in Asia, Europe and Africa for cooperation and infrastructural investment.

The Trade Development Council’s 28-strong Belt and Road Committee, officially unveiled on Wednesday, is chaired by Vincent Lo Hong-sui, who also heads property developer Shui On Land.

He has two deputy chairmen, MTR Corp chair and ex-commerce minister Frederick Ma Si-hang, as well as Jonathan Choi Koon-sum, head of the Chinese General Chamber of Commerce, a major local chamber.

The committee’s other members include Hong Kong’s commerce minister Edward Yau Tang-wah, leaders of the city’s four other influential business chambers, heads of large corporations, and academics.

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Speaking at a media gathering, Lo said the council had created a dedicated website and organised summits and fairs in recent years to help businesses identify opportunities under Belt and Road.

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