Hong Kong Business News

Speaking from Cambodia today, Chief Executive John Lee said his visit to the country has yielded very good results, paving the way for closer collaboration between Cambodia and Hong Kong.

At a media session, Mr Lee said he had met Cambodian Prime Minister Hun Manet and that 13 memoranda of understanding (MOUs) had been signed. He related that he had told Mr Manet Hong Kong stands ready to collaborate with Cambodia on various aspects of its development.

“Hong Kong acts as the super connector and the super value-adder, connecting the world to the wide-ranging opportunities of Hong Kong and the Chinese market,” he said. “Hong Kong is the only city in the world that can capitalise on both the China advantage and the international advantage.”

The Chief Executive thanked the Cambodian Government for its support for Hong Kong’s early accession to the Regional Comprehensive Economic Partnership.

He added that he had met business leaders from Cambodia’s commercial and industrial sectors and introduced them to Hong Kong’s unique advantages, encouraging them to leverage these to expand their global footprint and explore the vast Mainland China market.

He said Hong Kong’s experience in financial services, transport and logistics, innovation and technology, and professional services, can be of value to Cambodian firms.

The 13 MOUs cover a broad range of areas including trade and economic partnership, investment promotion, capacity building, information and technology, and aviation.

Mr Lee said: “These agreements underscore our commitment to deepening co-operation and fostering mutual prosperity.

“As shown in the number and coverage of our MOUs, the collaboration between Cambodia and Hong Kong will be closer than ever before.

“I am confident we will work to further strengthen co-operation between the two governments, promote commerce, tourism, and cultural exchanges, strengthen people-to-people ties, and jointly contribute to the development of the Belt & Road Initiative.”

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