Carrie Lam, chief executive of the Hong Kong SAR speaks at a forum on financial connectivity, part of the second Belt and Road Forum for International Cooperation in Beijing on April 25, 2019. (Photo: China News Service/Hou Yu)
(ECNS) - Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Carrie Lam Cheng Yuet-ngor said Hong Kong can provide one-stop, high-quality financial and risk management services to mega investment projects under the Belt and Road Initiative.
Lam made the statement at a forum on financial connectivity, part of the second Belt and Road Forum for International Cooperation in Beijing on Thursday.
She said Hong Kong has unique advantages as an international financial center, the second-largest in Asia. Assets and wealth managed in Hong Kong totalled $3.1 trillion, two-thirds of which come from outside the area. Hong Kong remains the largest RMB clearing centre globally, with a 75 percent share of RMB activity outside the Chinese mainland.
Lam said mutual recognition of funds between Hong Kong and the mainland has promoted two-way flow of funds and facilitates the connection of mainland capital markets with the rest of the world.
She also said the Belt and Road means huge potential in construction projects and that Hong Kong would cooperate with other economies to pursue mutual benefit and win-win results.