People's Daily, Hong Kong, September 3 (Reporter Chen Ran) The 6th "Belt and Road" Summit Forum, co-organized by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Bureau, closed successfully on the 2nd. The forum was held online, breaking regional boundaries and attracting more than 17,000 audiences from more than 80 countries and regions to participate, exploring Hong Kong's important role in the development of the "Belt and Road".

At the main forum entitled "'Belt and Road' and RCEP: Promoting Regional Trade Links", several business leaders shared their insights on the post-epidemic economic environment. In his speech, the Financial Secretary of the SAR Government, Chan Mo-po, said that the Belt and Road Initiative and RCEP can complement each other, and many RCEP member economies can benefit from the infrastructure connectivity, as well as energy, transportation and Communication connections will help them more fully grasp the opportunities brought by RCEP to market opening.

Chan Mo-po emphasized that Hong Kong connects mainland China, has a huge capital pool, excellent financial infrastructure and diversified professional services, and can serve the construction of the "Belt and Road" and RCEP at the same time.

At the forum "Hong Kong: Hub connecting the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area", Sun Yu, Vice Chairman and President of Bank of China Hong Kong, said that the current scope of use of digital RMB is mainly used for daily consumption purposes, but in the long run, digital is the first to be used. Currency application has great potential in both trade and finance. Infrastructure construction is the key to the success of the "Belt and Road". To solve the problem of funding gaps in related projects, it is to develop innovative risk management products launched by banks and other financial institutions to help projects that were originally commercially unfeasible to obtain funds.

During the discussion session of "Hong Kong: 'Belt and Road' and the Finance Center of the Guangdong-Hong Kong-Macao Greater Bay Area", Peter Bai, managing director of Standard Chartered Bank (Hong Kong), believes that compared with the Greater Bay Area, the "Belt and Road" project is more complex and involves different Financing is more challenging in the legal system, jurisdictions, etc., but the consistent factor is that both of them are that Hong Kong can play the role of aggregation and capital allocation. I believe that Hong Kong will further develop related capabilities in the construction of the "Belt and Road".

Secretary for Justice of the SAR Government, Cheng Ruohua, spoke at a special group forum to introduce Hong Kong's legal and dispute resolution services in the post-epidemic era. She specifically pointed out that in the international arbitration investigation report released by Queen Mary College of University of London this year, Hong Kong was named the third most popular arbitration location in the world.

Cheng Ruohua also said that the online dispute resolution platform for universal global legal innovation supported by the Department of Justice and the United Nations Commission on International Trade Law Cooperation Project Office has been established, and experts from all over the world will work together to study related issues of online dispute resolution. Hong Kong is an ideal place for trading and arbitration in international trade, investment and the Belt and Road Initiative, and has an irreplaceable position.