Chief Executive John Lee Ka-chiu, speaking at the Boao Forum for Asia in Hainan on Tuesday, articulated Hong Kong's strategy for expanding its global trade network. He emphasized a collaborative, rather than confrontational, approach and the active pursuit of new partnerships with both developed and emerging economies.
During a speech at a forum sub-panel, Lee outlined Hong Kong's proactive stance in establishing new economic alliances.
He announced the recent conclusion of investment agreement negotiations with Qatar, Bangladesh, and Peru, and the ongoing exploration of new agreements with Saudi Arabia and Egypt.
A central objective for Hong Kong is its application to join the Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade agreement.
Lee stated that Hong Kong is in close contact with RCEP member nations and continues to advocate for their support to facilitate the city's swift accession.
He voiced confidence that Hong Kong's membership would substantially enhance regional economic integration.
The Chief Executive also emphasized how Hong Kong will leverage its extensive international network to connect investors with opportunities.
The city currently maintains 16 offices and liaison units in mainland China and 15 Economic and Trade Offices abroad.
Combined with the offices of InvestHK and the Hong Kong Trade Development Council, the city has an institutional presence in 68 cities, covering 129 countries.
To further this objective, the government has created a GoGlobal Task Force to support mainland Chinese businesses in their international expansion efforts, along with an "Economic and Trade Express" platform to simplify economic and trade services.
Underscoring Hong Kong's dedication to regional economic progress, Lee pointed out that China is hosting this year's Asia-Pacific Economic Cooperation (APEC).
He expressed his honor that the APEC Finance Ministers' Meeting will be held in Hong Kong this October.
This high-level meeting will convene finance ministers from across the Asia-Pacific region to discuss the regional and global economic landscape and to promote sustainable development and financial stability.
The Chief Executive confirmed that the Hong Kong government is fully engaged in preparations, aiming to capitalize on the city's strengths as an international financial hub to host the event and deepen international exchange and collaboration.