China's Belt and Road initiative, a revival of the ancient Silk Road trading networks, covers more than 60 countries that together account for 62 per cent of the world population. The Initiative will reshape the 21st Century global economy, with Hong Kong set to play a leading role.
Underpinned by the "One Country, Two Systems" framework, Hong Kong has strong competitive advantages and is the "super-connector" linking the international community with Mainland China.
Under "One Country, Two Systems", Hong Kong boasts free capital flows and a tax-free port, effective legal and ICT systems and world-class financial institutions and capabilities.
In Hong Kong, global investors enjoy superior access to Mainland markets as well as peace of mind that comes with the city's commitment to the rule of law. Besides, Asia's world city is well-connected to countries along the Belt and Road, which jointly account for 30 per cent of global GDP and more than 30 per cent of the world's merchandise trade.
The dynamic is already playing out. Nearly half of Mainland enterprises said that Hong Kong was their preferred destination for seeking professional services outside the Mainland for capturing business opportunities arising from the Belt and Road Initiative. That is according to recent surveys of 318 Mainland enterprises by the Hong Kong Trade Development Council.