On 13 June 2018, Stevenson, Wong & Co. Partner Ms. Sherlynn Chan attended the Seminar on “Hong Kong as an ideal hub for deal making in the Guangdong – Hong Kong – Macao Bay Area” co-organized by The Hong Kong Association and the Hong Kong Economic Trade Office, London, United Kingdom. The seminar was held at Clifford Chance’s headquarters in Canary Wharf, and was well-received, attracting over 150 attendees internationally.
The Secretary for Justice, Ms. Teresa Cheng, SC was invited to be the keynote speaker and delivered an excellent speech on how the legal and financial framework of Hong Kong makes Hong Kong an ideal hub for deal making in the Greater Bay Area. Sir Douglas Flint, the Chairman of The Hong Kong Association and Special Envoy to China’s Belt and Road Initiative appointed by the Chancellor in December 2017, also highlighted the opportunities for England and other countries to be a part of a vast number of infrastructure projects and investments under the Belt and Road Initiative.
President Xi announced his vision for the Belt and Road Initiative in 2013. The “Greater Bay Area” refers to the Chinese government’s scheme to link 9 cities (namely, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, Zhaoqing) and 2 special administrative regions ie. Hong Kong and Macau into an integrated economic and business hub.
There are plans being drawn up for the Greater Bay Area which aim to build a world class city cluster of the above 11 cities with a combined GDP of some US$ 1.4 trillion. By 2030 the region will play a leading role in China’s Belt and Road Initiative.
Please contact Ms. Sherlynn Chan for any enquiries or further information about this event.