2 days ago
- Business
- South China Morning Post
Hong Kong firms' telecoms and fintech expertise adds value to belt and road countries
Both long-established companies and young start-ups in Hong Kong are playing a pioneering role in an exciting new age of global expansion.
In finding ways to collaborate for mutual benefit, local technology-driven enterprises are making an impact by bringing the city's professional expertise and quality services to countries which are part of the Belt and Road Initiative.
This global platform, launched by China in 2013, was designed to boost trade and economic partnerships while fostering cross-border collaboration in fields such as healthcare, digitalisation, innovation and green development.
Meanwhile, the Belt and Road Office in Hong Kong, which was established to promote the city's full participation in the initiative, is dedicated to helping these companies leverage the city's strengths to seize business opportunities.
In addition to energising their business landscapes, these firms are also helping to advance two-way trade between these places and mainland China, while paving the way for more exchanges, deals and partnerships, and generally promoting multilateral cooperation.
In this respect, PCCW Global, the international telecommunications arm of Hong Kong's HKT, and AnchorX, a financial technology (fintech) start-up founded in late 2023, serve as two outstanding examples.
PCCW Global is a leading international provider of voice and data services carried via an extensive network of submarine cable systems and satellite systems.
