国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Another notch in Hong Kong's belt

Updated: 2016-12-08 09:45

By Sophie HE in Hong Kong(HK Edition)

  Print Mail Large Medium  Small

Hong Kong has the potential to play a bigger role in the Belt and Road (B&R) Initiative, according to Qianhai Institute for Innovative Research President Edward Chen Kwan-yiu.

One solution is greater cooperation with Shenzhen's Qianhai special economic zone, he told China Daily on the sidelines of a China Daily Asia Leadership Roundtable Luncheon on Wednesday.

Chen said while the Hong Kong government has put in a lot of emphasis on its participation in the B&R Initiative, the city is certainly able to achieve more, especially in the involvement of its banking sector.

"So far, there are very few big projects to our knowledge the banking sector (of Hong Kong) seem to be rather reluctant to participate as the payout period is too long," he said.

Another notch in Hong Kong's belt

"Hong Kong banks, they don't like payout period longer than 10 years, but the investment period for most infrastructure projects (of the B&R economies) are at least 20 years."

Hong Kong should ideally be a financing platform for infrastructure projects, due to the city's status as a global financial center, but then there seems to be a mismatch in terms of the structure of payback periods.

While a payback period of 20 years may seem too long, it does not mean that Hong Kong cannot play an important role through financial innovation, including securitizing long-term investment and turning the investment into bonds or other financial instruments, Chen said.

The central government has placed Shenzhen's Qianhai as a special economic zone to experiment with new financial policies, he said. This decision was taken because of Qianhai's proximity to Hong Kong, so that Qianhai could learn from the financial expertise, experience and institutions of its neighbor.

He pointed out that Hong Kong and Qianhai complement each other, as Qianhai enjoys favorable and innovative policies while Hong Kong possesses talent and experience - by working together, the two will be able to form bigger roles in the region.

Chen said Qianhai is very eager to cooperate with Hong Kong, and that Hong Kong should set up large companies in Qianhai to take advantage of favorable policies. Doing so would make it easier for Hong Kong companies to invest in projects in the B&R region, particularly in terms of risk management, he said.

"We can work together with Qianhai to introduce new financial products and launch them on the Chinese mainland, for example, to raise funds," he said.

As Hong Kong banks are not so keen to undertake long-term investment, they should partner with Chinese mainland institutions to introduce more new financial products, securities and long-term loans to fund the infrastructure projects, Chen said.

"I think somehow we have underestimated the importance of Qianhai in terms of our own financial development and our own role in the B&R Initiative," he said.

sophiehe@chinadailyhk.com

Another notch in Hong Kong's belt

(HK Edition 12/08/2016 page8)

嘉善县| 安多县| 南华县| 泸水县| 乌什县| 阿拉善左旗| 泗洪县| 宜良县| 肥东县| 民乐县| 萍乡市| 同仁县| 松阳县| 德昌县| 固安县| 郧西县| 天津市| 金寨县| 文山县| 大石桥市| 宁南县| 黔东| 淮北市| 新田县| 奎屯市| 桦南县| 汤阴县| 扶风县| 新乐市| 磐石市| 连江县| 桐柏县| 南岸区| 绥江县| 富蕴县| 三江| 乌拉特中旗| 枣庄市| 濮阳市| 安岳县| 丹寨县|