Global Prosperity Summit highlights insights of International leaders and experts on the city’s intermediary role
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Global Prosperity Summit 2024 (GPS 24) was the first Summit focusing on the impact of geopolitical issues on global wealth.
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It has highlighted Hong Kong’s role in advancing global dialogues and further bolstered the city’s reputation as an ‘intermediary’ between Mainland China and the rest of the world.
Global Prosperity Summit 2024 (GPS 24) was the first Summit focusing on the impact of geopolitical issues on global wealth.
It has highlighted Hong Kong’s role in advancing global dialogues and further bolstered the city’s reputation as an ‘intermediary’ between Mainland China and the rest of the world.
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In the wake of escalating geopolitical tensions, persistent conflicts, and a post-pandemic economic landscape, global prosperity is at a standstill. Hong Kong, with its thriving open economy under the “one country, two systems” principle, is primed to use its position to foster communication among international experts and thought leaders, paving a clear path towards sustainable global prosperity.
A consortium of academic, business, and thought leaders in Hong Kong thus launched the GPS 24. This event served as a hub for luminaries across various sectors, including business, politics, science and technology, and sustainable development, to engage in a global dialogue. The Savantas Policy Institute and the Shanghai Institutes for International Studies (SIIS) were the co-organisers of GPS 24.
Regina Ip, the founder of GPS 24 and Chairperson of the Savantas Policy Institute, underscored the importance of global prosperity in her opening address at the Summit. She observed that while prosperity is vital for our future, the global commitment to its promotion is lacking.
She identified emerging threats to prosperity and the rise of opposing geopolitical blocs. The preoccupation of superpowers with challenges to their global dominance has led to protectionist policies. These policies, including tariff increases, financial sanctions, and export controls, obstruct developing countries’ access to advanced technologies.
A platform for engagement
Many experts at GPS 24, including Professor Huang Ping, echoed Ip’s views. Huang, the Executive Vice President of the Chinese Institute of Hong Kong and Director of the Centre for Taiwan, Hong Kong, and Macau Studies at the Chinese Academy of Social Sciences, highlighted Hong Kong’s unique global position. He described Hong Kong as a bridge not only between China and the US, but also between China and other Western and non-Western countries. He further suggested that Hong Kong could play a significant role in bridging the gaps as a platform for engagement.
