HK ramps up role in Belt, Road

SAR's chief executive hails agreement with Beijing as vehicle for progress

Hong Kong's participation in the Belt and Road Initiative passed a major milestone on Thursday as Chief Executive Carrie Lam Cheng Yuet-ngor inked an arrangement with the country's top economic planning body detailing Hong Kong-mainland cooperation under the global development plan.

The arrangement, signed by the Hong Kong SAR government and the National Development and Reform Commission, covers four areas in which Hong Kong has an edge: financing and investment; infrastructure and shipping; economics and trade; and dispute resolution services.