Innovation and trade top priorities for closer Hong Kong and Britain ties
Four areas for deeper cooperation identified, including smart city solutions and participation in China’s global trade development plan
For example, both economies will develop clear regulatory environments so fintech firms can operate easily in their markets, simplify procedures for small businesses, and boost joint research and development of health care technologies, artificial intelligence and robotics technologies.
In a statement on Wednesday, the city’s Commerce and Economic Development Bureau and Britain’s Department for International Trade said they would also share expertise in procurement and construction methods to boost the delivery and quality of belt and road projects.
On Saturday, the international trade department and InvestHK, the Hong Kong government’s investment promotion arm, will sign an agreement with a particular focus on innovation and technology.
“The UK and Hong Kong have strong ties because of our shared history and our close people-to-people links,” said Dr Liam Fox, secretary for the Department for International Trade.
“Britain’s long-standing commitment to Hong Kong is as strong as ever,” he said ahead of the biggest British trade event of the year, the GREAT Festival of Innovation. The fair opened in Hong Kong on Wednesday and will close on Saturday.