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16 May 2018

Belarus, Hong Kong discuss cooperation in trade, finance

MINSK, 16 May (BelTA) – Belarus and Hong Kong have discussed matters concerning the advancement of cooperation in trade and finance, representatives of the Association of Belarusian Banks told BelTA.

The Association’s Chairman Alexander Kuchinsky met with Leonid Orlov, head of the representative office for Russia, the CIS and Baltic states of the Invest Hong Kong agency (InvestHK for short). InvestHK is the Hong Kong government agency in charge of raising foreign direct investments. Leonid Orlov also leads the CIS representative office of the Hong Kong Trade Development Council (HKTDC). The sides discussed the advancement of Belarusian-Chinese investment cooperation, the possibility of Belarusian banks taking part in the Belt and Road Summit, which is due in Hong Kong on 28 June, and in a number of other events. The possibility of using Hong Kong as a trade platform for Belarusian manufacturers was also discussed. Close attention was paid to the intensification of bilateral ties and the exchange of experience in the development of payment services and financial technology services, digital commerce, innovative services based on mobile devices.

Alexander Kuchinsky noted: “It is the second visit of Hong Kong representatives this year, which has been organized as part of the Silk Road Economic Belt project the Chinese government is implementing. We are confident that the participation of Belarusian banks in the project will help attract foreign investments to Belarus and will contribute to the advancement of Belarus-China cooperation in trade and finance on the whole.”

The Association of Belarusian Banks was established in 1990 with a view to coordinating the operation of credit and finance institutions. At present it comprises 36 banks and organizations. The association is a founder and a member of the international coordinating council of banking associations of the CIS states, Central and Eastern Europe. The Association of Belarusian Banks has signed partnership agreements with more than 20 banking and business associations of Russia, Ukraine, the Commonwealth of Independent States, the Eurasian Economic Union, Central Asia, and Europe.

InvestHK is an agency established by the government of the Hong Kong Special Administrative Region of the People’s Republic of China in 2000 with a view to attracting and facilitating foreign direct investments, helping start and develop businesses.

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