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Hong Kong Plays Pivotal Role as Super Connector in Belt and Road Initiative

Strategic Insights

— 1 min read

Hong Kong is playing a crucial role as a super connector in the Belt and Road Initiative (BRI), fostering open dialogue and forging partnerships to drive the BRI forward. The BRI has expanded remarkably over the past decade, fostering cooperation across continents through physical infrastructure, trade networks, and technological collaboration. Hong Kong's financial markets are thriving, with a 132% increase in average daily turnover and a 579% increase in funds raised through initial public offerings (IPOs) in the first eight months of this year.

Key Takeaways:

  • Hong Kong's strategic location, robust financial systems, and world-class professional services make it an ideal hub for BRI-related investments and partnerships.
  • The BRI has expanded remarkably over the past decade, fostering cooperation across continents through physical infrastructure, trade networks, and technological collaboration.
  • Hong Kong has signed Comprehensive Double Taxation Agreements with 37 Belt and Road jurisdictions, facilitating business expansion and investment.
  • The average daily turnover of Hong Kong's stock market reached US$31.9 billion in the first eight months of this year, a 132% increase over the same period last year.
  • Funds raised through IPOs in Hong Kong soared to US$17.3 billion, up 579% from the same period last year.
  • A mining company from Kazakhstan successfully listed on the Hong Kong stock market in August, marking the first RMB-financed IPO in Central Asia.
  • Hong Kong has launched a company redomiciliation regime, providing a secure and efficient pathway for overseas companies to redomicile to Hong Kong.
  • Hong Kong is solidifying its position as Asia's leading insurance hub, with some 160 authorised insurers and last year's gross premiums of HK$637.8 billion.

Statistics:

  • Average daily turnover of Hong Kong's stock market in the first eight months of 2023: US$31.9 billion, a 132% increase over the same period in 2022.
  • Funds raised through IPOs in Hong Kong in the first eight months of 2023: US$17.3 billion, a 579% increase over the same period in 2022.
  • Number of Comprehensive Double Taxation Agreements signed by Hong Kong with Belt and Road jurisdictions: 37.
  • Gross premiums of Hong Kong's insurance industry in 2022: HK$637.8 billion.
  • Number of authorized insurers in Hong Kong: 160.

Sources:

  • Hong Kong SAR Government
  • Contify.com (Copyright 2017)

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