‘Don’t miss the boat’, Shenzhen Qianhai Authority urges Hong Kong to seize opportunity provided by the Trade plan
Experts warn Hong Kong could become marginalised if it fails to act on the mainland trade growth strategy
Hong Kong needs to do more to take advantage of the “One Belt, One Road” plan - and if the opportunity is not embraced, the city could end up marginalised, said Shenzhen Qianhai Authority’s principal liaison officer Witman Hung.
Hung said the city would suffer economically if it failed to participate in the Beijing-led economic co-operation project which will stretch across Asia, the Middle East and Europe, warning of potentially harsh consequences.
“If the ‘One Belt, One Road’ initiative failed, god forbid, China would have a problem and Hong Kong would be dead,” Hung said during an afternoon panel session at the One Belt, One Road China Conference, sponsored by the South China Morning Post, on Friday.
“What we need to do is provide better services. We need to think about what we can offer, what we can do in Hong Kong.”
Hung said Hong Kong could get involved in financing, providing professional services such as helping with mergers and project managers, and as an information technology hub.
He said Hong Kong had been “too complacent”, which explained why the city’s companies had a low presence in other markets.
“Don’t miss the boat, well prepare yourself,” he said.
