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Winter 2017 - 2018 NEWS Winter 2017 - 2018 Issued by the Hong Kong Economic and Trade Office, Brussels Arrangement between Mainland and Hong Kong to elevate Hong Kong’s contribution to the Belt and Road Chief Executive sees “bright future” for Initiative to a new level (page 2-3) Hong Kong: Policy Address (page 5) Hong Kong Economic and Trade Office in Brussels completes year of celebrations to mark Hong Kong SAR’s 20th anniversary (page 15-17) Belt and Road Initiative Arrangement with Mainland elevates Hong Kong’s contribution to the Belt and Road Initiative to a new level Mrs Carrie Lam and Mr He Lifeng signed the Arrangement in Beijing on 14 December 2017. On behalf of the Hong Kong Special Administrative Region Mrs Lam said: “Grounded on Hong Kong’s strengths in (Hong Kong SAR) Government, the Chief Executive, Mrs finance, infrastructure, economic and trade, professional Carrie Lam, signed an Arrangement* with the Chairman services and more, the Arrangement seeks to enhance of the National Development and Reform Commission communication and co-operation with the Mainland in (NDRC), Mr He Lifeng, on 14 December 2017 to advance the “five areas of connectivity”, i.e. policy co-ordination, Hong Kong’s full participation in and contribution to the facilities connectivity, unimpeded trade, financial Belt and Road Initiative. integration and people-to-people bonds.” The Arrangement will put forward measures focusing “The relevant measures help reinforce and elevate Hong on six key areas: finance and investment; infrastructure Kong’s position as international financial, transportation and maritime services; economic and trade facilitation; and trade centres, promote partnership between people-to-people bonds; taking forward the Guangdong- the Mainland and Hong Kong enterprises, spawn the Hong Kong-Macao Bay Area Development; and enhancing demand for Hong Kong’s professional services, and collaboration in project interfacing and dispute resolution present our talent with opportune prospects,” Mrs Lam services. added. It will allow Hong Kong to give full play to its unique The Arrangement covers a wide range of areas, including advantages under “one country, two systems” to facilitating co-operation of all key stakeholders through contribute to the country and seize the opportunities the platform of Hong Kong to provide the required brought by the Initiative to provide new impetus for the funds and a diversity of financing channels for the Belt city’s economic growth. and Road Initiative. 2 HONG KONG NEWS Winter 2017 - 2018 Winter 2017 - 2018 Contents Regional headquarters BELT AND ROAD Mrs Lam said the Arrangement will fully Arrangement with Mainland elevates Hong Kong’s contribution to the Belt leverage Hong Kong’s status as the global and Road Initiative to a new level 2 offshore renminbi business hub to facilitate Finance: China issued its first Belt and Road Bond in Hong Kong 4 cross-boundary investment, develop green Agreement on intellectual property co-operation in Pan-Pearl River Delta region 4 finance, support Hong Kong in providing Belt and Road Summit: Infrastructure and ASEAN 4 diversified professional services for Belt and CHIEF EXECUTIVE’s POLICY ADDRESS Road infrastructure projects, support Hong Policy Address provides for tax cuts, boost for R&D 5 Kong’s maritime development and provide CO-OPERatioN ARRANGEMENTS international legal and dispute resolution Hong Kong and ASEAN signed Free Trade Agreement and Related Investment services for the Belt and Road Initiative. Agreement 6 Hong Kong and Mainland agree reciprocal notification procedures for The Arrangement will encourage enterprises detained residents 7 on the Mainland and in Belt and Road Hong Kong and EU explore ways to deepen relations 8 countries and regions to establish their Civil Aviation: Hong Kong and France strengthen partnership on capacity regional headquarters in Hong Kong. It will building and safety for SE Asia 9 also enhance academic, cultural and arts HONG KONG SAR’s 20TH ANNIVERSARY exchanges between Hong Kong and related Twenty 20-year-old Hong Kong youths discovered Belgium and the countries and regions, and encourage Hong European Union 9 Kong to develop new tourism products and Hong Kong youths “Walk the Hong Kong Spirit” at the Oxfam Trailwalker in Belgium 11 stage conferences and exhibitions on the Asian Youth Orchestra gala concert in Brussels, grand finale of its world tour 14 Belt and Road Initiative. Year of celebrations concluded with martial arts-themed Gala Dinners in Paris and Brussels 15 A Joint Conference mechanism will be set up Hong Kong Heritage Museum’s new Jin Yong Gallery 17 between the Hong Kong SAR Government, BUSINESS AND CAREERS the NDRC, the Hong Kong and Macao Affairs InvestHK named Investment Promotion Agency of the Year for 2017 18 Office of theS tate Council and other relevant Hong Kong “on the radar” of Cypriot businesses 18 Mainland authorities for regular and direct Dutch companies updated about latest opportunities in Hong Kong 19 communication. The Joint Conference will HKETO, Brussels reaches out to international talents at student career days 20 discuss Hong Kong’s participation in and NEWS IN BRIEF contribution to the Belt and Road Initiative Secretary for the Environment at CityLab summit in Paris 21 and consider work priorities. Non-stop flights to Hong Kong from Brussels and Dublin 21 Hong Kong introduces fast “Smart Departure” at airport 21 Hong Kong’s Commerce and Economic Photos of Hong Kong starting from the mid-1800s available online 22 Development Bureau will follow up with CReatiVE INDUSTRIES AND CULTURE the NDRC on the establishment of the Joint Hong Kong Champion Rope Skippers wowed crowds at Dragon Boat Conference mechanism. Mrs Lam said the Festivals in Belgium and Ireland 22 meeting would be convened at the earliest Lumieres Hong Kong festival and a Symphony of Lights light up the city 24 opportunity in 2018 to take forward the Italy Makes a Difference at Business of Design Week 2017 25 various areas of work in the Arrangement. Wong Kar-wai receives Lumière Award at Lyon Film Festival 26 La Cinémathèque Française celebrates 20 years of Hong Kong cinema with She also expressed the hope the Development Ann Hui as special guest 26 Plan for the Guangdong-Hong Kong-Macao Bay Celebration of Hong Kong cinema in Tricase concludes with business Area can be completed as soon as practicable seminar and street party 27 to enable the Hong Kong SAR Government Vic Asian Summer Film Festival throws spotlight on role of women in Hong to take forward the development projects Kong action movies 28 concerned. Hong Kong crime thrillers at Thessaloniki International Film Festival 28 Major Hong Kong film industry figures at Sitges Film Festival 29 Hong Kong director Andy Lo at 5th Asian Film Festival.Barcelona 30 * Arrangement between the National Development and Tintin in Hong Kong 30 Reform Commission and the Government of the Hong Kong Hong Kong comics artists at Brussels Comic Strip Festival 31 Special Administrative Region for Advancing Hong Kong’s Hong Kong designers at Paris Fashion Week 31 Full Participation in and Contribution to the Belt and Road FORTHCOMING EVENTS Initiative Don’t miss the colourful Legends of Lion Dance exhibition in Antwerp 32 HONG KONG NEWS Winter 2017 - 2018 3 Finance: China issues its Belt and Road Initiative first Belt and Road bond in Hong Kong Hong Kong’s Financial Secretary, Mr Paul Chan, welcomed Mr Chan said that as one of the world’s leading financial the issuance of the first Belt and Road bond by the China centres and China’s international financial capital, Hong Development Bank in Hong Kong on 20 December 2017. Kong is well-positioned to be the key services and capital The US$350 million, five-year Belt and Road bond was hub for the Belt and Road, and to meet the needs of the issued via private placement and listed on the Hong Kong relevant projects in investment, funding and financing. Stock Exchange. The proceeds will be used to support project construction along the Belt and Road. Agreement on intellectual property co-operation in Pan-Pearl River Delta region Hong Kong, Macao and nine intellectual property (IP) “Agreement on intellectual property co-operation in the offices representing cities/regions in the Pan-Pearl Pan-Pearl River Delta region in the context of the Belt and River Delta (Pan-PRD) region are strengthening their IP Road” at the 2017 Pan-PRD IP Co-operation Joint Conference cooperation to facilitate economic and cultural exchanges in Changsha, Hunan Province, on 21 November 2017. with countries and regions along the Belt and Road, thereby fostering joint economic development in the Pan- The Co-operation Agreement includes enhancing exchange PRD region. and co-operation in IP protection and enforcement, promoting IP commercialisation in creative industries, Hong Kong, Macao and the IP offices of the provinces/ brand and technology industries, promoting the regions of Fujian, Jiangxi, Hunan, Guangdong, Guangxi, development of high-end IP services and enhancing IP Hainan, Sichuan, Guizhou and Yunnan signed the awareness among young people. Belt and Road Summit: Infrastructure and ASEAN Infrastructure development is a top priority of the Belt and Road Initiative. “From Vision to Action”, the Belt and Road Summit against a backdrop of rapid regional economic growth. 2017 held at the Hong Kong Convention and Exhibition The Summit drew over 2 500 government officials, Centre on 11 September 2017, focused on infrastructure representatives of international institutions, business investment and ASEAN (Association of South East Asian leaders and industry experts from 48 countries and Nations) opportunities. Infrastructure development is a regions to exchange views on multilateral co-operation top priority of the Belt and Road Initiative, and there is a and explore new business opportunities arising from the keen demand among ASEAN countries for infrastructure Belt and Road Initiative.
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