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Belt & Road Forum on Digital Economy & Payment Settlement to Promote Digital Silk Road Development

2024-12-05

The Ng Teng Fong· Sino Group Belt and Road Research Institute of the Hong Kong Chu Hai College, the Silk Road Economic Development Research Center and the Maritime Silk Road Society jointly organized the “Belt and Road Forum - Digital Economy & Payment Settlement” on 5 December at Conrad Hong Kong.

Mrs Regina Ip, Convenor of Hong Kong Executive Council and Co-Chair of the Maritime Silk Road Society in her welcoming remarks noted that with increased cross-border payment settlement under the digital economy, it would be timely to explore the prospects of digital economy and examine the challenges and opportunities in payment settlement under the Belt and Road Initiative (BRI).

The Hon John KC Lee, Chief Executive of the HKSAR conveyed an online opening address while Mr Christopher Hui, Secretary for Financial Services and the Treasury delivered an opening address at the venue. Professor Shi Yong of University of Chinese Academy of Sciences, Counsellor of State Council of the People’s Republic of China and Director of CAS Research Center on Fictitious Economy & Data Science delivered a keynote address.

Ms Julia Charlton, Managing Partner of Charltons, was the moderator of the first panel discussion, “Cross-Border Payments Fuelling the Accelerated Growth of Global E-Commerce”. Panelists included Dr Shen Jianguang, Vice President and Chief Economist of JD.com; Mr Ronan Zhong, Vice President of LianLian Global; Mr Esmond Lee, Deputy Branch Manager of Euroclear Bank Hong Kong Branch; and Mr Herbert Siu, CFO of Payment Cards Group Limited, who explored the critical role that cross-border payments play in driving the global e-commerce.

Mr Joseph Chan, Chairman of Silk Road Economic Development Research Centre, was the moderator of the second panel discussion on “the Development and Implementation of Web 3.0 in Hong Kong”. He was joined by Mr Ivan Chan, Co-Founder & COO of Web3.0 Technology Limited; Mr Furuzonfar Zehni, Partner and Portfolio Manager of Fresco Capital; Mr Marco Lim, Web3 Partner of Solowin Holdings; and Professor James Lei; Secretary General of the Institute of Web3.0 Hong Kong, delved into the development, implementation and challenges of Web 3.0 in Hong Kong.

Mr Lam Kwong Siu, Chairman of Board of Governors of Hong Kong Chu Hai College concluded the Forum with a vote of thanks to some 300 distinguished guests, including prominent business leaders from Hong Kong, mainland China, and overseas, Consul-Generals of Consulates-General in Hong Kong, government officials, entrepreneurs, and academics at the Forum.

Forum Video: https://youtu.be/rM6rlAUPGBM

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