HK financial firms urged to cash in on B&R opportunities

Financial companies in Hong Kong should take maximum advantage of the city's position as a global financing center to support projects and companies involved in the Belt and Road Initiative. The effort will in turn help these financial companies grow, according to business leaders at a recent Belt and Road forum held in Hong Kong.

The forum expected new cross-border cooperation opportunities for companies both from the mainland and Hong Kong involved in the Initiative.

According to estimates by the Asian Development Bank, the Initiative will offer a huge opportunity, as statistics show that the infrastructure financing requirements of the developing Asia-Pacific region are estimated at $26 trillion for the 2016-30 period.