HSBC Delegation Visits CDI

On June 27, HSBC delegation led by Mr. Steward James, Head of Group Public Affairs, Asia-Pacific, visited CDI. Discussion surrounded important aspects of Guangdong-Hong Kong-Macao Greater Bay Area, such as free movement of talents, research equipment and capital etc., as well as further opening up towards Hong Kong and Macao free ports. Hong Kong serves as a platform for both “going-out” of mainland enterprises, which is crucial for BRI related projects, and international players coming into mainland China, which also contributes to prosperity of GBA, said Dr. Guo Wanda, Executive Vice President of CDI. During the meeting, he also suggested that in case of Brexit, UK’s cooperation mechanism with EU members, such as Ireland, will be most valuable example for the development of GBA, especially in terms of economic, trade and cross border exchange. In terms of recent issues seen in projects along BRI countries, China is working strongly towards increasing transparency and financial diversity to reduce barrier for multilateral development banks and international enterprises to partake in BRI projects.