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Friday, January 29, 2016, 16:04

HK opens Belt & Road research institute

By Shadow Li/chinadailyasia.com

HK opens Belt & Road research institute

Chief Executive Leung Chun-ying speaks during the inauguration ceremony of the Belt and Road Research Institute of Hong Kong on Jan 29, 2016. (Roy Liu/China Daily)

Chief Executive Leung Chun-ying on Friday urged local non-government organizations to actively participate in people-to-people exchange with some 60 nations along the Belt and Road initiative.

Speaking at the inauguration ceremony of Belt and Road Research Institute of Hong Kong, Leung said Hong Kong has very active and large number of non-government organizations, including local youth groups, business and industrial groups as well as charity groups. They can all advise the government on how to better deploy the Belt and Road initiative, said Leung.

Leung said the Belt and Road initiative is a broad and rich theme so that Hong Kong, with its 7.2 million people, cannot connect with all 60 nations all of sudden in all spectrum.

Among the five connections put forward by Chinese President Xi Jinping, the foremost is people-to-people exchange, where results will be first seen, Leung noted.

Leung has announced to establish a Belt and Road Office in his latest Policy Address.

After the setting up of the office, the government will look at which nations to work with first and ways to do it.

The research institute, which aims to provide a communication platform for the government’s Belt and Road strategy, is first of its kind in Hong Kong.

Speaking at the forum, Secretary for Financial Services and the Treasury Chan Ka-keung said the initiative, covering areas that are abundant in savings and most likely to have high growth rates in the future, have a lot of potential in trading, developing economic integration and investments.

Chan said apart from findings from the Asian Infrastructure Investment Bank (AIIB), Hong Kong also needs to channel funding in Belt and Road countries to achieve financial integration.

Besides investment opportunities in infrastructure, the initiative also presents potential business opportunities in property market, logistic and other sectors, said Chan.

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