China International Development and Investment Corp. Ltd. President & CEO Oswald Wong explains why the connection between the United Arab Emirates and Hong Kong is a key link in the ‘One Belt One Road’ strategy
These are exciting times for Oswald Wong. The Hong Kong-based capital entrepreneur is a champion of China's "One Belt One Road' strategy which aims to link over 60 countries to enhance cross-border trade and investment with the ultimate goal of cultural exchange and economic improvement.
Through his experience, teaming up with Chinese state owned enterprises, partnering with foreign conglomerates and support from overseas trade bodies and local government agents, he believes ‘One Belt One Road’ will enhance bilateral investments and result in capital inflow between countries. The Chinese national strategy envisions global trade of products and services and increased employment in low-income countries and capital gain from asset value appreciation for investors.
Wong believes the infrastructure on the ground in China and across partner countries will be the biggest draw for investors in the next five years. With a sharp business mindset, the knowledgeable Hong Kong based entrepreneur utilises global financial and human capital to cooperate with international partners benefiting from China’s national policies, which will play a crucial role in crafting contemporary trade, economic and political relations.
“We establish a commercial presence in different regions by being the leading investors of mix-purpose properties, utility infrastructure, sport related and natural resource related industries,” he says.
The CEO highlights links between Hong Kong, with its strategic location commercially and geographically to Mainland China and status as a centre for knowledge and investment, with the UAE, a major hub for well-developed capital from the ‘One Belt One Road’ countries. As two of the world’s most business-friendly areas, Hong Kong and the UAE offer a strong market for consumer goods and business services, free market policies and the seamless flow of information.
This story is from the August 2016 edition of Gulf Business.
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This story is from the August 2016 edition of Gulf Business.
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