Hungary to play key role under Belt and Road Initiative (with photos)

     The Hong Kong Economic and Trade Office, Berlin (HKETO Berlin), together with the Law Society of Hong Kong and the Hungarian Bar Association jointly organised a business and legal conference in Budapest on the unique opportunities Hong Kong has to offer to Hungarian businesses and lawyers under the Belt and Road Initiative yesterday (September 19, Budapest time).

     Speaking at the conference, the Director-General of Investment Promotion of the Government of the Hong Kong Special Administrative Region (HKSAR), Mr Stephen Philips, highlighted the unique advantages and strengths in financial services, trade, maritime and logistics, professional and legal services, which Hong Kong can contribute to the successful and continued implementation of the Initiative. The Vice President of the Law Society of Hong Kong, Mr Amirali Nasir, then introduced the audience to Hong Kong's legal business regulations covering institutions and commercial law, information on registering a company and joint ventures, and other key legal aspects for doing business in Hong Kong.

     The Director of HKETO Berlin, Ms Betty Ho, described the Belt and Road Initiative as the biggest investment and commercial project of the 21st century, covering three continents and over 60 countries. Located in the heart of Europe, Hungary is poised to play a key role in connecting Europe and Asia under the Belt and Road Initiative, Ms Ho added.

     Hong Kong's advantages go far beyond its ideal location on the southeast coast of China, with its easy access to all major Mainland cities. It is also home to a large professional services cluster with strong global networks, and a preferred base for multinational corporations, international chambers of commerce and global organisations. Furthermore, Hong Kong is a regional hub for legal services and dispute resolution underpinned by a trusted common law system and an independent judiciary. "By employing the world-class legal services of Hong Kong, Hungarian businesses can get wider and easier access to the excellent opportunities to tap the markets in China and the wider Asian region," Ms Ho said.

     The conference attracted about 70 participants including lawyers and legal practitioners in Hungary. Other speakers at the legal and business conference included representatives from the Budapest Bar Association, the Hungarian government and the academic sector.

About HKETO Berlin

     HKETO Berlin is the official HKSAR Government representative in commercial relations and other economic and trade matters in Hungary as well as Austria, the Czech Republic, Germany, Poland, the Slovak Republic, Slovenia and Switzerland.

Ends/Wednesday, September 20, 2017
Issued at HKT 20:38