Hong Kong, Beijing discuss risk management for Belt and Road projects

Hong Kong, Beijing discuss risk management for Belt and Road projects | Insurance Business

Hong Kong, Beijing discuss risk management for Belt and Road projects

Representatives of the Hong Kong and mainland Chinese governments have held a sharing session to discuss risks associated with projects under the Belt and Road Initiative.

The session, titled ‘Belt and Road: Hong Kong – IN’ was organised by the Commerce and Economic Development Bureau (CEDB) of the Hong Kong Special Administrative Region government and the mainland Chinese State-owned Assets Supervision and Administration Commission (SASAC), Xinhua reported. Representatives from 10 state-owned enterprises and around 220 professionals from Hong Kong attended the event.

Edward Yau, CEDB secretary, said that Hong Kong has an abundance of internationally recognised talents that can provide insurance, legal services, accounting, and more. These professionals are ready to lend their risk assessment, consultancy, and management services to help enterprises mitigate risks associated with Belt and Road development, he said.

Meanwhile, Zhang Jihui, deputy director-general of SASAC’s Bureau of International Cooperation, highlighted Hong Kong’s advantages, including a sound financial system, prudential regulations, and high number of professionals.