FSDC: Hong Kong Should Capitalize on Asia-Africa Opportunities
Hong Kong can act as a connector for the Asia-Africa corridor for various activities, including fundraising, according to a report by the city’s council on the development of financial services.
Hong Kong is well-positioned to serve as «premier gateway connecting Asia with Africa», according to a report by the city’s Financial Services Development Council (FSDC).
Financial activities that were named as areas of focus include channeling investment into infrastructure projects across economies within the Belt and Road Initiative (BRI), China’s multilateral infrastructure and economic development strategy. The city could also connect long-term capital from institutional investors and family offices as well as transfer know-how in digital finance.
Four Entry Points
Four leading African hubs – Kenya, Morocco, Nigeria and Rwanda – were named as potential entry points due to stable economic growth and sound financial infrastructures.
«For decades, our city has served as the gateway to China and a critical nexus for Asia’s economic miracle. Today, we witness the dawn of another transformative epoch: the rapid acceleration of Asia-Africa economic integration. This is not a transient trend, but the foundation of a potential long-term partnership that could redefine global growth in the 21st century,» commented FSDC executive director King Au.
