HONG KONG – Officials and experts said on Thursday that it is “high time” Southeast Asia and the Middle East tapped Hong Kong’s long-term fundamentals in business and finance by expanding cooperation on multiple fronts as these economies’ rosy growth outlook turbocharges professional services demands.
They made the remarks during the two-day Belt and Road summit on a panel discussion themed “Harnessing Financial Services Opportunities in the Belt and Road: Hong Kong as a Gateway to Global Expansion in ASEAN and the Middle East Markets”.
Southeast Asia — a key part of China’s massive infrastructure project Belt and Road Initiative — performed impressively in the second quarter, with GDP increasing in all countries, according to global consulting firm McKinsey & Company. Malaysia, the Philippines, Thailand, and Vietnam logged the highest year-on-year growth over the previous four quarters. The oil-rich Middle East has been speeding up efforts to diversify its economy.OFFICIALS URGE STRENGTHENED SE ASIA, MIDDLE EAST TIES WITH HK
HONG KONG – Officials and experts said on Thursday that it is “high time” Southeast Asia and the Middle East tapped Hong Kong’s long-term fundamentals in business and finance by expanding cooperation on multiple fronts as these economies’ rosy growth outlook turbocharges professional services demands.
They made the remarks during the two-day Belt and Road summit on a panel discussion themed “Harnessing Financial Services Opportunities in the Belt and Road: Hong Kong as a Gateway to Global Expansion in ASEAN and the Middle East Markets”.
Southeast Asia — a key part of China’s massive infrastructure project Belt and Road Initiative — performed impressively in the second quarter, with GDP increasing in all countries, according to global consulting firm McKinsey & Company. Malaysia, the Philippines, Thailand, and Vietnam logged the highest year-on-year growth over the previous four quarters. The oil-rich Middle East has been speeding up efforts to diversify its economy.
