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SUEZ HUB ZONE STRENGTHENS HONG KONG LINKS

01 September 2023

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•

Logistics & Trans...EgyptBelt and RoadTradeInvestment

Slashing shipping times and serving as a hub for Asia, Europe and Africa, the
canal zone is developing rapidly.

Listen

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The history of world trade has usually been an evolutionary one, with ports and
transport routes forming and declining over generations.

Occasionally, however, a single date stands out in sharp relief, a date when
before is very different to after. One such date was 17 November 1869 when the
Suez Canal opened, linking the Mediterranean Sea with the Red Sea – and
ultimately the North Atlantic Ocean with the Indian Ocean.

This slashed thousands of miles off the journey from such ports as Hong Kong,
Shanghai and Mumbai to Liverpool or Rotterdam. From its beginning, the global
trade pivot point was linked with the then still relatively new trading hub of
Hong Kong. This connection persists today.

In the same way that Hong Kong links Mainland China with the world in at large,
especially the Association of Southeast Asian Nations, so Suez lies at the
fulcrum of Africa, Asia and Europe potentially making it a valuable business
destination.

Just as Hong Kong and the neighbouring Shenzhen Special Economic Zone have
prospered, eventually forming key elements of the Guangdong-Hong Kong-Macao
Greater Bay Area, so Egypt has established the Suez Canal Economic Zone
(SCZONE).

The two came together at the Belt and Road Summit in 2020, and zone
representatives came to Hong Kong in May this year to explore the possibility of
listing a real-estate investment trust (REIT) in the city.

China set up the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in
the Sokhna Industrial Zone on the Red Sea coast, near Egypt’s new administrative
capital east of Cairo. TEDA projects include power generation and textiles.

A delegation from the General Authority of the SCZONE earlier this year
conducted a tour, led by Mr Waleid Gamal El-Dien, the Zone’s Chairman , to
Guangzhou and Hong Kong to meet officials and companies operating in the fields
of maritime transport and logistics services. Delegates met representatives of
property firm Hutchison Group, which signed an agreement with SCZONE to manage
and operate the container terminal at Sokhna Port.

The SCZONE delegation met Orient Overseas Container Line (OOCL). During the
meeting, the two sides discussed cooperation in the field of providing
integrated logistics services at the ports of SCZONE.

To discuss finance and investment, the delegation also met officials of CCB
International (Holdings), a unit of China Construction Bank, as well as
representatives of CIC International (Hong Kong), the Hong Kong branch of the
sovereign wealth fund, which invests in assets abroad.

SCZONE representatives said they sought to benefit from partnership services
with these institutions in providing financial services to its investors.


The Egyptian delegation visited Cyberport, one of Hong Kong’s start-up
incubation centres



The delegation also looked at digital development, meeting officials from
InvestHK, members of the Environmental Business Council and clean energy firms
as Egypt adopts green-economy incentives, and representatives of One As1a
Company, a Legan Group company specialising in data centres and related digital
services.

Looking at entrepreneurship and start-up development, the delegation also
reached out to Hong Kong’s start-up incubator Cyberport.

Underlining green development in the Suez Zone, Port Said, at the Mediterranean
entrance of the canal, is among the early-adopters for bunkering – refuelling –
ships using green methanol rather than fossil-fuel bunker oil. The port this
month performed its inaugural refuelling of a Maersk container ship, the first
such methanol-driven vessel, en-route from Singapore to Europe, the General
Authority for the Suez Canal Economic Zone announced.

This year’s Belt and Road Summit, which runs on 13 and 14 September includes a
Middle East Forum that focuses on the region.



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BELT AND ROAD SUMMIT MAPS PATH TO PROSPERITY

Hong Kong will host the eighth Belt and Road Summit next week on 13-14
September, to reflect on the first decade of the Belt and Road Initiative and
discuss future business and investment collaboration focused on emerging markets
and new sectors, while showcasing Hong Kong’s unique advantages to the global
community.

•

Belt and RoadInvestmentLogisticsTrade
• • •


HONG KONG ASSET MANAGER SPREADS WINGS

ASEAN is becoming an important destination for and source of investment capital
from Hong Kong.

•

Mainland ChinaInnovationInvestment
• • •

BELT AND ROAD SPOTLIGHT ON SAUDI ARABIA

The Belt and Road Initiative has grown and extended rapidly over its first
decade and the Middle East has moved into the spotlight in recent years.

•

Saudi ArabiaInvestmentFintech
• • •


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BELT AND ROAD SUMMIT MAPS PATH TO PROSPERITY

Hong Kong will host the eighth Belt and Road Summit next week on 13-14
September, to reflect on the first decade of the Belt and Road Initiative and
discuss future business and investment collaboration focused on emerging markets
and new sectors, while showcasing Hong Kong’s unique advantages to the global
community.

06 September 2023

•

Belt and RoadInvestmentLogisticsTrade

HONG KONG ASSET MANAGER SPREADS WINGS

ASEAN is becoming an important destination for and source of investment capital
from Hong Kong.

•

Mainland ChinaInnovationInvestment
• • •

BELT AND ROAD SPOTLIGHT ON SAUDI ARABIA

The Belt and Road Initiative has grown and extended rapidly over its first
decade and the Middle East has moved into the spotlight in recent years.

•

Saudi ArabiaInvestmentFintech

WORLD BECOMES HONG KONG’S OYSTER

World city Hong Kong has become the world’s food capital this week, as suppliers
of ingredients and cuisine from across the globe gather to the city following
the end of travel restrictions.

•

Food & BeveragesTradeBiotech

HONG KONG ARBITER FOR DOMESTIC, OVERSEAS COMPANIES

Hong Kong’s has a sound financial and legal system and its unique geographic
advantages make the city an ideal venue for international legal and arbitration
services.

•

Legal ServicesHong KongInnovationFintechFinanceInvestment
• • •

HONG KONG-ASEAN COLLABORATION GOES INTO TOP GEAR

Links between Hong Kong and Southeast Asia are strengthening, as both balance
the recovery from the COVID-19 pandemic with global challenges posed by supply
chain interruptions, inflationary pressures and geopolitical tensions.

•

Hong KongMalaysiaSingaporeIndonesiaTradeFinanceInvestment
• • •

EXPANDING NETWORKS ACROSS ASEAN

Business links between Hong Kong and Southeast Asia are growing faster than a
rain-forest bamboo grove, prompting the Hong Kong Trade Development Council
(HKTDC) to organise a mission to Singapore, the business hub of the Association
of Southeast Asian Nations, Indonesia, the biggest ASEAN member, and nimble
technology developer Malaysia.

•

Finance & Investm...Hong
KongSingaporeIndonesiaFinanceInvestmentTechnologySourcing
• • •


SECURITIES FIRM GOES GLOBAL THROUGH HONG KONG

Closer economic and trade development between Hong Kong and Mainland China in
recent years has prompted many mainland securities companies to build a global
presence through the financial hub of Hong Kong.

14 July 2023

•

Finance & Investm...Hong KongMainland ChinaFintechInvestment
• • •

EASY BUD SPEEDS UP APPLICATION

Easy BUD, a simplified application process for the government’s Dedicated Fund
on Branding, Upgrading and Domestic Sales (BUD Fund), was launched last month to
cut the processing time for applications.

•

Finance & Investm...Hong KongSmall-and-medium-...FintechInvestmentSME
• • •

HONG KONG, NINGBO DEEPEN PARTNERSHIP

The Ningbo-Hong Kong Economic Cooperation Forum 2023, jointly organised by the
HKTDC and the government of Ningbo city, Zhejiang province, was held in Hong
Kong last month. A Ningbo delegation comprising political and business leaders
attended in-person, as the two cities explored collaborations to drive the
nation’s high-quality development, as well as create new momentum for Hong
Kong’s economy.

•

TechnologyHong KongMainland ChinaNational developm...InvestmentTech &
InnovationLogisticsDigital economyGreen techCultureEducation
• • •

HKTDC TAKES HONG KONG TO BANGKOK

The Association of Southeast Asian Nations (ASEAN) is maturing into a key market
and investment destination for Hong Kong firms, as well as a source of
commodities and capital. Bangkok, capital of Thailand, lies in the heart of this
fast-growing region.

•

Finance & Investm...Hong KongThailandCommerceMarketingSourcingFinanceInvestment
• • •

MANUFACTURERS STAY WITH GBA

Standard Chartered and the Hong Kong Trade Development Council (HKTDC) this week
released the Standard Chartered GBA Business Confidence Index (GBAI) for the
second quarter of this year.

•

Finance & Investm...Hong KongMainland ChinaGBAInnovationTradeFinanceServices
• • •

HONG KONG LOOKS TO ZHEJIANG

上天堂下杭,蘇 (above is heaven below are Hangzhou, Suzhou) goes the old saying about
two remarkably beautiful cities in the Yangtze Delta. And this week in Hong
Kong, the focus has been on Hangzhou, capital of Zhejiang province, and the
province as a whole.

•

Finance & Investm...Hong KongMainland ChinaLogisticsInvestmentTrade
• • •

GOGBA EXPANDS SERVICE NETWORK

The Hong Kong Trade Development Council (HKTDC) this month opened its GoGBA
Business Centre in the Guangdong-Hong Kong-Macao Greater Bay Area city of
Jiangmen.

•

Logistics & Trans...Hong KongMainland ChinaTradeInvestment
• • •

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