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Hong Kong's role to grow in financing 'Belt and Road'

From left: Hong Kong Monetary Authority Chief Executive Norman Chan, Hong Kong Chief Executive C. Y. Leung and Secretary General of the Boao Forum for Asia Zhou Wenzhong attend the conference.

Hong Kong Financial Secretary John C. Tsang addresses the luncheon at the Financial Cooperation Forum.

Chief Executive C. Y. Leung expressed confidence that Hong Kong will be able to use finance to stimulate growth in the economies of partners as a “super-connector.”

Officiating at the opening ceremony of the Financial Cooperation Forum on July 5, the Chief Executive highlighted that as the “Belt and Road” economies develop, Hong Kong will see its role expand as it brings together investors, banks and the financial sector to drive infrastructure development.

At the conference luncheon, Hong Kong Financial Secretary John C. Tsang said that Asia, in particular China, will continue to play a major role in global economic growth during the 21st century. Although global economic growth remains uncertain, there is rising need for financing in Asia, which will bring opportunities to Hong Kong.

Co-organized by the Infrastructure Financing Facilitation Office  and the Boao Forum for Asia, the Financial Cooperation Forum, held in Hong Kong, encouraged discussion around the theme of “Stimulating Growth in the Real Economy: the Role of Finance.”

Five sessions on economic and financial issues were held to allow more than 250 participants to exchange views on monetary policy and economic growth, cross-border capital flows, infrastructure financing and financial cooperation among Asian countries.

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