Record 45 MoUs Signed at 10th Belt and Road Summit, Strengthening Hong Kong's Role as Global Connector
The 10th Belt and Road Summit in Hong Kong facilitated a record 45 memoranda of understanding across multiple sectors, reinforcing the city's position as a crucial hub for international cooperation and economic integration under China's Belt and Road Initiative.
The 10th Belt and Road Summit concluded successfully after attracting 6,200 participants from more than 70 countries and regions, resulting in a record 45 memoranda of understanding signed across various sectors including aviation, energy, finance, infrastructure, and technology. The event, jointly organized by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council, showcased Hong Kong's strengths as a super connector and super value-adder in international dealmaking.
The summit facilitated both government-to-government and business-to-business agreements spanning multiple regions including Mainland China, ASEAN countries, the Middle East, Australia, Germany, and the United States. One notable agreement involved HKTDC and Invest Oman to promote bilateral investment and business cooperation. The diverse range of MoUs included several socially impactful collaborations, such as cross-sector partnerships between finance and agricultural technology.
Indonesian company Chickin PTE LTD and Hong Kong's LINKTA Technologies Limited signed a joint venture agreement to apply agricultural technology to Indonesia's layer hen market, aiming to improve local livelihoods while supporting business expansion. The agreement focuses on developing poultry technology to enhance farmers' efficiencies throughout the value chain, addressing issues like feed waste and mortality rates to increase profitability.
The summit also featured significant international partnerships, including a four-party agreement between Australia's Planex, Germany's ESCP Business School, Hong Kong's Carbon Offset Association Limited, and the United States' Arx Veritas to develop ESG and carbon credit trading education in Hong Kong. This collaboration reinforces Hong Kong's emerging role as a hub for carbon expertise in the Asia Pacific region, leveraging its established position as one of the world's top financial centers.
Beyond the signed agreements, the summit featured more than 300 matched investment projects and arranged over 800 one-to-one project matching meetings, with deal-making continuing online to promote substantive cooperation. The exhibition area hosted over 120 exhibitors showcasing innovative solutions and industry strengths, while new elements such as the Signature B&R Projects session and expanded ASEAN Zone enhanced collaboration opportunities. The event's success underscores Hong Kong's continued importance as a functional platform for the Belt and Road Initiative, facilitating concrete cross-border cooperation and economic integration across diverse regions and sectors.