"Belt and Road: Hong Kong - IN" Sharing Session on Risk Management

The Commerce and Economic Development Bureau (CEDB) and the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) jointly held the "Belt and Road: Hong Kong - IN" Sharing Session on Risk Management on 25 February 2019. This sharing session presented another platform of exchange and collaboration between State-owned Enterprises (SoEs), Hong Kong enterprises and professional services. Earlier in August 2018, the CEDB and the SASAC had also jointly organised a sharing session on the investment environment of overseas Economic and Trade Cooperation Zones.

The sharing session focused on Belt and Road projects risk management. The Secretary for Commerce and Economic Development, Mr Edward Yau, and the Deputy Director-General of the Bureau of International Cooperation of the SASAC, Madam Zhang Jihui, spoke at the opening session of the event. This was followed by two panel discussions at which representatives of SoEs, Hong Kong enterprises and professional services shared their insights from political, legal, economic and finance; and social and environmental perspectives on risks associated with investing in and operating Belt and Road projects; as well as on how Hong Kong's financing and professional services could play a useful role in managing such risks.

Around 220 participants joined the sharing session, comprising representatives from 10 SoEs, as well as local enterprises and professionals in insurance, accounting and consulting services, surveying, valuation and relevant consulting services, finance and investment, telecommunications technologies, engineering, construction and real estate development and manufacturing. More details can be found in the following press releases:

• CEDB and SASAC held "Belt and Road: Hong Kong - IN" Sharing Session on Risk Management
• SASAC held in Hong Kong with CEDB the "Belt and Road: Hong Kong - IN" Sharing Session on Risk Management (Chinese only)

A business matching session was also featured on the spot, providing an opportunity for SoEs, Hong Kong enterprises and professional services to directly communicate and exchange their experiences in coping with project risks, thereby facilitating their "going global" in partnership to explore the Belt and Road markets. Besides, with a view to encouraging enterprises to make more use of Hong Kong's professional services platform, the Hong Kong Polytechnic University (PolyU) introduced to the participants “Belt and Road Cross-Professional Advancement Programme” which is organised to promote cross-profession collaboration. Please refer to the link for the rundown of the sharing session (Chinese only).