Chief executive highlights Hong Kong’s advantages under ‘One Belt, One Road’
CY Leung says city’s government will help companies reach out to Asian and European countries
China’s “One Belt, One Road” trade and development strategy offers “unprecedented promises” for the city, and Hong Kong is in a good position to benefit from it, the city’s top official said on Friday morning.
Speaking at the South China Morning Post’s annual China Conference, Chief Executive Leung Chun-ying also said that with the city being a financial and professional services centre, the Hong Kong government would help companies reach out to Asian and European countries.
He added that under the “one country, two systems” principle, Hong Kong was a “super connector” between China and the world.
“As part of the country, we have the China advantage ... Under ‘two systems’, we practise social, economic and legal systems that are separate and different from [those on] the mainland,” Leung said.
“We are actively strengthening our economic relationships with our trading partners ... Our legislature passed a law not long ago to provide tax [concessions] for qualified corporate treasury centres,” he added.
The chief executive also said a major component of the belt and road initiative would be infrastructural project investments, which involve professional services.
