Hong Kong to Assume Larger Belt and Road Role

Li Yongjie, Deputy China International Trade Representative of the Ministry of Commerce of China, speaking at the Belt and Road Summit in Hong Kong on Wednesday. Image: Vernon Yuen / NurPhoto via AFP

Hong Kong will occupy a pivotal position in the Belt and Road Initiative, with Chinese officials saying its role as a financial and services hub is “irreplaceable.”

The city hosted the ninth Belt and Road Summit on Wednesday. Li Yongjie, China’s deputy international trade representative, said Beijing would “guide” Hong Kong businesses to maximize their advantage in the financial, legal, logistics, and other service sectors to participate in BRI projects globally.

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by Cobus van Staden

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