Members of the SCO Ambassadors Club’s attend a major Hong Kong Business Forum for the first time

Members of the SCO Ambassadors Club’s attend a major Hong Kong Business Forum for the first time

Over 500 CEOs from major Hong Kong and Macau companies gathered at JW Marriott Hong Kong Hotel today for a Business Forum involving members of the SCO Ambassadors Club. Those taking part in the forum focused on the Belt and Road Initiative for Innovations and Development: Cooperation with Eurasia.

As a key speaker, SCO Secretary General Rashid Alimov drew the attention of forum participants to Eurasia that has now become a vast and rapidly developing region where ambitious economic initiatives are being implemented, where innovative approaches towards joint work on the region's long-term development are being perfected, and where new unique opportunities for investors and business persons are opening up. He emphasised that forward-looking national economic strategies, the promotion of the One Belt and One Road Initiative and its interlinking with work inside the Eurasian Economic Union with which ASEAN countries are actively boosting their cooperation, as well as expanded multifaceted cooperation between the SCO eight member states, currently serve as key elements of multilateral cooperation in Greater Eurasia.

According to Mr. Alimov, the general trend is obvious: Work is underway to design and build a new Eurasia. The Greater Eurasia concept aiming to build up and merge potentials and efforts to generate a synergy effect and ensure long-term sustained inclusive development encompasses the common principles of this project.

At the same time, Mr. Alimov expressed confidence that the further coordination of international, regional and national projects committed to cooperation for the sake of common sustained development should be based on mutual respect, equality and mutual benefits. This will help create new favourable conditions for businesses and entrepreneurship and open up prospects and opportunities to invest in infrastructure, transport, communications, trade in goods and services.

Hong Kong Chief Executive Ms. Carrie Lam Cheng Yuet-ngor and Hong Kong Minister of Finance Mr. Paul Chan Mo-po addressed forum participants.

The current forum is a good venue for discussing options for expanded contacts between Hong Kong and SCO countries. Hong Kong boasts advanced achievements in various economic sectors, is a major global business and financial centre, and supplies a wide range of modern expert services. It is possible to use these opportunities together with efforts to implement the One Belt and One Road Initiative for ensuring joint development and prosperity, Ms. Carrie Lam Chengy Yuet-ngor said.

Ambassador Extraordinary and Plenipotentiary of Pakistan to the People's Republic of China Masood Khalid, Ambassador Extraordinary and Plenipotentiary of Russia to the People's Republic of China Andrei Denisov, Ambassador Extraordinary and Plenipotentiary of Tajikistan to the People's Republic of China Parviz Davlatzoda, Ambassador Extraordinary and Plenipotentiary of Uzbekistan to the People's Republic of China Bakhtiyar Saidov and Yerik Ashimov, Kazakhstan's permanent delegate to the SCO Secretariat, all delivered detailed reports during the forum.

This Business Forum prioritising the Belt and Road Initiative for innovations and development and cooperation with Eurasia involves representatives of Eurasian countries for the first time. Its participants mostly aim to discuss the current state of multilateral economic cooperation in Eurasia and its development prospects, with due consideration for practical steps to implement the One Belt and One Road Initiative and other actively expanding regional processes.

Over 40 CEOs from major Hong Kong companies, research and development centres as well as specialised foundations for expanded international cooperation addressed those at the forum.

Leading Chinese and Hong Kong media outlets, including China Daily that published the SCO Secretary General's article on the state and prospects of current international cooperation in Eurasia and challenges to joint development in the region, as well as The South China Morning Post and global information and technology company Bloomberg, provided information support to the forum.

The forum is sponsored by the Hong Kong Journalists Association, the Finance Centre for South-South Cooperation together with other organisations.