Mr. Joseph Chan said One Belt One Road is not a new thing in China. In 1950s, China supported the third world countries such as Africa for foundation construction. Then he pointed out many weaknesses in Hong Kong and SMEs that no policy or financial organization supported and SMEs short sight requested ROI within 3 years. In China banks and enterprises, they considered on 15 to 20 years development. Then he analyzed Hong Kong role on One Belt One Road policy in the following 3 ways and also pointed the limitation:
i) Finance (If you have business with One Belt One Road countries, you may not establish account in Hong Kong’s banks because of high risk business)
ii) Professional Service (The cost is too high for those developing countries)
iii) Travel (Language problem especially in Africa and Middle Asia)
Finally, he suggested us to use Hong Kong’s One Country Two System advantages for doing business together with China’s companies, and Office of the Commissioner of the Ministry of Foreign Affairs (外交部特派員公署) both in Hong Kong and foreign countries, as well as, to employ racial minority(ies) (小數族裔).
Prof. Thomas M.H. Chan (Honorary Professor; Director of One Belt One Road Research Institute of Chu Hai College of Higher Education) was the second speaker and his topic named “New developments in the Belt and Road strategy and the relationship between Pearl Delta region and Hong Kong”.