Advertisement
Advertisement
Daryl Ng
Daryl Ng
Daryl Ng is deputy chairman of Sino Group and the founding chairman of the Hong Kong-Asean Foundation, a not-for-profit organisation promoting and deepening ties between Hong Kong and Asean to build a community of shared future to reinforce Hong Kong’s international position and support future growth.
Hongkongers apply for a home visit permit at the China Travel Service Mong Kok Entry Permit Service Centre on July 2. A new scheme now allows non-Chinese permanent residents in Hong Kong and Macau to apply for visa-free travel permits to the mainland. Photo: Jelly Tse

Making travel to the mainland easier will only make Hong Kong more attractive to foreign firms and workers looking to make the city a home.

videocam
A view of the Hong Kong-Zhuhai-Macau bridge in 2020. At the Hong Kong-Asean Summit in 2023, Chief Executive John Lee pledged that the city would be a “value-adding gateway” connecting China to the rest of the world. Photo: Winson Wong

Hong Kong is already a significant trade and investment partner to members of RCEP, the world’s largest trade bloc. After the city’s membership is approved, it can help to harmonise trade rules, stimulate intra-bloc capital flows and foster connections and partnerships.

videocam
Office workers walk around Hong Kong’s Central district on November 20. The city must become truly accessible to talent and capital from Asean. Photo: Bloomberg

Hong Kong can add value to Southeast Asian economies as an education hub on the doorstep of the Greater Bay Area. The city must also be more proactive about attracting professionals, entrepreneurs and ultra-high-net-worth individuals from Asean.

Indonesia’s President Joko Widodo speaks at a press conference at the 42nd Asean Summit in Labuan Bajo, East Nusa Tenggara, Indonesia, on May 11. Indonesia is the chair of Asean this year. Photo: EPA-EFE

Indonesia has big plans that Hong Kong can support, as a centre of trade and finance with green compliance expertise. Stronger cultural, tourism and academic ties also complement China’s strategic partnership with Indonesia.

videocam
Advertisement
Illustration: Craig Stephens

Beijing’s vow to prioritise growth and global connections is the confidence boost the world needs. As a major source of trade and investment, and with an ever-growing circle of friends and partners, the significance of China’s return cannot be overstated.

videocam
A Regional Comprehensive Economic Partnership (RCEP) forum on trade cooperation is held in Qingdao, China, on July 28. Hong Kong has applied to join the RCEP, which includes both China and all 10 Asean nations. Photo: Xinhua

As opportunities for cooperation between China and Asean grow, Hong Kong can benefit from its long-standing ties with both. What’s more, Hong Kong has the infrastructure and expertise to facilitate trade, investment and cultural changes between the two.

Illustration: Craig Stephens

President Xi Jinping emphasised Hong Kong’s international status in an important speech on July 1. With more knowledge now of Covid-19, leading cities around the world have reopened. Hong Kong must catch up, and quickly.

videocam
A teenager carries a placard saying “Young lives matter” at a lunchtime protest at the Landmark shopping centre in Central, Hong Kong. Photo: K.Y. Cheng

The generation that spans Hong Kong’s colonial past and post-2047 future has a duty to help the city’s angry, disenfranchised youth out of the crisis so they can see a way to a better future. Hong Kong’s fate depends on it.

videocam