2020 Policy Address (Related Extract)

Belt and Road Initiative

61. We will further consolidate Hong Kong’s position as the prime platform and a key link for the B&R Initiative, and strengthen the co-operation with B&R related countries and regions so as to open up a larger market for various sectors. The HKSAR Government is seeking to organise jointly a high-level roundtable with the State-owned Assets Supervision and Administration Commission of the State Council to explore enhancements of modern corporate governance and to strengthen R&D application by leveraging the international experience and professional strengths of Hong Kong, thereby enhancing the competitiveness to “go global” through mutual collaboration. We will also launch a Mainland Enterprises Partnership Exchange and Interface Programme in the coming year to facilitate exchanges and networking that foster co-operation between Hong Kong’s professional services sector and Mainland enterprises, strengthen the capacity building of both sides, and enhance the international outlook, market orientation and professional standards of various projects.

62. The Ministry of Commerce will continue to support the HKSAR Government in encouraging Hong Kong enterprises to set up businesses in the Mainland’s overseas Economic and Trade Co-operation Zones (ETCZs). In this connection, both sides have selected five ETCZs within the Association of Southeast Asian Nations (ASEAN) region in Thailand, Malaysia, Cambodia and Indonesia, and priorities will be given to promoting the electronics, toys and electrical appliances industries etc. on a pilot basis