An agreement was reached on Thursday between the mainland's National Development and Reform Commission and Hong Kong for advancing Hong Kong's full participation in and contribution to the Belt and Road (B&R) initiative, domestic news site chinanews.com reported.
The agreement is focused on finance and investment, infrastructure and boosting the development of the Guangdong-Hong Kong-Macao Greater Bay Area.
It will help promote the yuan's internationalization based on Hong Kong's role as an offshore yuan business hub and support Hong Kong's development of high value-added shipping business.
