Chen Maobo: Hong Kong will make positive contributions to the "the Belt and Road" green infrastructure project
People's Daily Online, Hong Kong, September 10 Chen Maobo, Financial Secretary of the Hong Kong SAR Government, said on the 10th that the "the Belt and Road" initiative has become an open, inclusive, mutually beneficial and win-win international cooperation platform after 10 years of development. Looking ahead, there will be more green infrastructure projects along the "the Belt and Road". As a national international financial center, Hong Kong is confident that it can make positive and unique contributions in this regard.
Chen Maobo said on his blog that in the past ten years, the average annual trade volume between China and the countries jointly building the "the Belt and Road" has doubled from US $1 trillion in 2013 to US $2 trillion last year, with an average annual growth of 8%. Last year, China's foreign direct investment in countries jointly building the "the Belt and Road" was nearly 21 billion US dollars, an increase of 3.3% year on year.
"Looking ahead, there will be more green infrastructure projects along the 'the Belt and Road'. According to market estimates, Asia alone will need $66 trillion in climate investment in the next 30 years." Chen Maobo said that Hong Kong's green financial market leads Asia, and the total amount of green and sustainable bonds arranged to be issued in Hong Kong accounts for more than one-third of the Asian market. Hong Kong's green technology enterprises also have significant advantages in scientific research. He believed that, with the cooperation between Hong Kong and the sister cities in the Greater Bay Area, he believed that he could provide ideal financial and technological solutions for the green transformation of the "the Belt and Road" countries.
Chen Maobo said that the "the Belt and Road" has played an important role in promoting and deepening international cooperation, promoting global connectivity, driving world economic growth and other aspects. "In this international cooperation platform, Hong Kong has always been an active participant and contributor. In the high-quality development of the 'the Belt and Road', we will work with our trading partners to deepen cooperation. Hong Kong's advantages will be brought into full play, and we will work together to seek better development, build deeper friendship, explore more business opportunities and create bright prospects."
It is understood that the the Belt and Road Summit Forum will be held by the Hong Kong SAR Government and the Hong Kong Trade Development Council for two consecutive days on the 13th and 14th of this month, welcoming thousands of political and business leaders, entrepreneurs and non-governmental organizations at home and abroad, summarizing the achievements and experience of the "the Belt and Road" in the past 10 years, and jointly discussing how to jointly promote the high-quality development of the region in the future, as well as how Hong Kong can play a more active role in the future.
This forum also set up a special "Middle East Session" to discuss the new opportunities, new development and new cooperation of the "the Belt and Road" in the Middle East, highlighting the market's interest and importance in the Middle East.