The Impact of “Belt and Road”Policy on Hong Kong Economic Development - Raymond W.M. YEUNG
Raymond W. M. YEUNG
Assistant Professor, Department of Economics and Finance, Hong Kong Shue Yan University
【Abstract】This paper analyzes the background of the “Belt and Road” policy to understand the nature of the policy and cites it as both a continuation of, and change in, China’s policy of opening up its economy. Moreover, the Belt and Road policy is trying to build the largest tolerant and mutually beneficial cooperation platform. It is in line with China’s current economic development needs. In this context, the paper analyzes the Belt and Road policy’s impact on, and the opportunities it offers for, the economy of Hong Kong and makes recommendations accordingly.
Keywords: Belt and Road; Malacca Dilemma; China’s Western Economic Development; Economics of Infrastructure; Hong Kong Economy
The Advantages of Hong Kong in the Era of the Belt and Road - Yuk Lun LEE
Yuk Lun LEE
Vice President, International Academy of the Belt and Road
【Abstract】The Belt and Road has been proposed for almost four years, from the original concept of the Belt and Road, and “Vision and Action” issued by national government, to big projects invested overseas by “going-out” state-owned enterprises, and heated discussion among the people, the Belt and Road inspires the national enthusiasm into the era of opportunity. Hong Kong is a significant strength in the implementation of the Belt and Road. With the advantages of financial, legal and other platforms, Hong Kong offers “going out” enterprises with diversified financing channels, as well as professional services of the legal consultation, mediation and arbitration, helping investors avoid risks and solve disputes. Times demand talents with international perspective and professional ability. This article calls for Hong Kong society attaches great importance to the Hong Kong youth education, cultivating pattern of “big-picture” international view, guiding them thinking and shouldering the developing mission under the age of the Belt and Road.
Keywords: The Belt and Road; Going-out; The Era of opportunity; Hong Kong advantages; Hong Kong youth
The Belt and Road Initiative in the Big Era and the New World Order: Hong Kong’s Opportunities - Zhou FANG
Chief Research Officer, One Country Two Systems Research Institute
【Abstract】The Belt and Road Initiative is an ambitious project launched by China in response to the new international situation. The nations in Asia, Europe and Africa that are collaborating in the huge project comprise about 60% of the world’s population and account for 30% of global GDP. The central government of China has made it clear that Hong Kong, with its unique advantages, should actively participate in and support the initiative. As a major international maritime port – one of the most important Maritime Silk Road ports of origin – and a major Asian trade and financial centre, Hong Kong must seize the opportunity the Belt and Road Initiative brings to take part in the operations of international organisations, to further develop its offshore RMB business, to help the people of Hong Kong make full use of their talents and to develop Hong Kong’s professional services, doing so will enable Hong Kong to successfully play its allotted role as the ‘super-connector’ linking mainland China and the rest of the world.
Keywords: Belt and Road Initiative; Hong Kong; Six major economic corridors; Super–connector
The Belt and Road Intiative: Opportunities for Developing Hong Kong’ Infrastructure - Roger C.K.CHAN
Roger C. K. CHAN
Associate Professor, Department of Urban Planning & Design, The University of Hong Kong
【Abstract】With ever increasing inter-city competition, Hong Kong’s position as a regional transportation hub has come under intense challenge. This article examines how Hong Kong could enhance its competitiveness through infrastructure development within the framework of the Belt and Road Initiative. Hong Kong could increase its accessibility by upgrading its infrastructure and connectivity to the transportation network of the Belt and Road. It could at the same time assume the important role of a ‘super-connector’ – facilitating cross-boundary cooperation – within the framework of the initiative.
Keywords: The Belt and Road; Competitiveness; Infrastructure; Hong Kong
Raising young people’s awareness and understanding of the Belt and Road Initiative - Alex WONG
CEO of Maritime Silk Road Society
【Abstract】When Chinese President Xi Jinping visited Kazakhstan on 7 September and Indonesia on 3 October 2013, he announced, respectively, plans to jointly build the Silk Road Economic Belt and the 21st- Century Maritime Silk Road – together comprising the Belt and Road Initiative – with a number of other countries. At that time, the Belt and Road Initiative constituted a proposed framework for international economic cooperation, but it is now firmly on the international agenda. It has since become China’s most important measure for promoting trade and economic development. Now, more than three years after being announced, the initiative has entered the implementation stage and Hong Kong’s position under the initiative has become clearer. For the younger generation, however, the concept of the Belt and Road Initiative remains abstract and remote. This paper examines how Hong Kong, with its distinctive history and culture, can capitalise on its unique status (under China’s ‘one country, two systems’ economic and political framework) to enhance its position by taking full advantage of the opportunities offered by the Belt and Road Initiative. This paper focuses on how to raise young people’s awareness and understanding of the Belt and RoadInitiative and create their positive attitude towards the Initiative.
Keywords: The Belt and Road; Hong Kong; young generation; One Country, Two Systems
“The Belt and Road Initiative”and Youth Entrepreneurship in Hong Kong - Kevin Y.F. AU A-Qi LIU
Kevin Y. F. AU
Associate Professor, Centre for Entrepreneurship, The Chinese University of Hong Kong
Ph.D Student, Department of Management, CUHK Business School
【Abstract】Entrepreneurs are agents of innovation and creators of profit. The level of entrepreneurship is affected not only by individual activities but also by the macroeconomic and social environment and by national strategies. The ‘Belt and Road Initiative’ launched by the Chinese government provides many opportunities for Hong Kong’s economic and trade development. Entrepreneurial activity in Hong Kong has increased significantly in recent years, and the government of the HKSAR has implemented measures specifically to support youth entrepreneurship. Given this context, what impact will the Belt and Road Initiative have on entrepreneurship? What opportunities might it bring to the development of emerging enterprises? This paper provides an overview of the entrepreneurial activity in Hong Kong – based on Global Entrepreneurship Monitor data on the Belt and Road Initiative relevant countries – and discusses the opportunities that the Belt and Road Initiative brings for such activity and the potential benefits of the initiative entrepreneurship in Hong Kong.
Keywords: Youth Entrepreneurship; Global Entrepreneurship Monitor; The Belt and Road Initiative; Market Opportunities; Financial Support
Hong Kong and the Belt and Road Intiative - Suk Man PANG
Department of History, Assistant Professor, Hong Kong Shue Yan University
【Abstract】The Belt and Road Initiative is an important twenty-first century initiative. Recently, a number of publications have discussed the economic implications of The Belt and Road initiative for Hong Kong; this paper, however, focuses on the opportunities for developing cross-cultural understanding. The young people of Hong Kong are suggested study or visit the Islamic countries – particularly the ones in the Arab world – that are participating in the Belt and Road Initiative. This would strengthen their understanding of the history, religion and cultural distinctiveness of these countries and help them appreciate the unique value of each country involved in the initiative’.
Keywords: Hong Kong; The Belt and Road Initiative; Islam, Arab world; Historical and Cross-cultural Understanding
Economic Diversification in Resource Rich Countries and the Prospect towards Hong Kong: A case of Brunei Darussalam - Ka Kei CHAN Hong Lam WONG
Ka Kei, CHAN
Participates of The Backpackers (Season 2)
Hong Lam, WONG
Participates of The Backpackers (Season 2)
【Abstract】Recently, the Belt and Road Initiative proposed by the Chinese government has shed light on the emerging economies, which are mostly resource-rich countries seeking economic diversification. On the basis of a case study of Brunei Darussalam, this research finds that the relatively slow pace of economic diversification can be attributed to a failure to recognize market demands. However, due to the enabling business environment and opening labour market in Brunei Darussalam, there are abundant opportunities for Hong Kong investors to expand their businesses and talents in this country. The study concludes with policy recommendations.
Keywords: Economic Diversification; Brunei Darussalam