HK, Indonesia sign 15 pacts

July 26, 2023

ASEAN opportunities:

Chief Executive John Lee (fifth left) attends a business luncheon during which Hong Kong and Indonesian organisations enter into 15 agreements covering a variety of trades and technologies.

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Voiceover:

Chief Executive John Lee continued his trip to Jakarta, Indonesia, by visiting a high speed railway project, meeting local merchants and joining a business luncheon.

Mr Lee learnt about the latest developments of the Jakarta-Bandung High Speed Railway. He noted that it is a key project of the Belt & Road Initiative and the railway’s commissioning in August bears a special meaning to the initiative’s 10th anniversary.

The Chief Executive also called on the local office of a Hong Kong insurance company, FWD Group as well as Indonesian conglomerate, Lippo Group.

At a business luncheon, Mr Lee introduced Hong Kong’s strengths under "one country, two systems" to about 200 representatives of the Government and business leaders of Indonesia.

Chief Executive John Lee:

A global business and financial centre with world-class professional services, Hong Kong provides a springboard for Indonesian enterprises to engage in and benefit from the Belt & Road.

This is made possible by the unique "one country, two systems" principle, which underpins our city's enduring advantage of having unparalleled connectivity with Mainland China and the rest of the world.

It means that Hong Kong maintains its world-renowned financial system with free flow of capital as well as a low and simple tax regime, a solid foundation of the rule of law and well-developed infrastructure.

Voiceover:

Government departments, enterprises and institutions of Hong Kong and Indonesia also signed 15 memoranda of understanding and agreements in different areas such as trading and commerce.

Chief Executive John Lee, leading a Hong Kong Special Administrative Region delegation, today continued his Jakarta trip with a visit to the Jakarta-Bandung High Speed Railway and meeting local merchants. He also joined a luncheon during which 15 pacts were signed between Hong Kong and Indonesia.

In the morning, Mr Lee called on the local office of a Hong Kong insurance company, FWD Group, to understand its business development in Indonesia. He expressed hope that the group could share its successful experience with other Hong Kong companies seeking to enter the market in Association of Southeast Asian Nations (ASEAN) member regions.

Mr Lee then visited Lippo Group to learn about its businesses in real estate, telecommunications and financial services. Apart from introducing Hong Kong’s latest economic developments, he encouraged the conglomerate to further invest in Hong Kong and the Mainland.

The delegation attended a business luncheon organised by the Hong Kong SAR Government and the Hong Kong Trade Development Council. Addressing about 200 local government and business leaders, the Chief Executive highlighted Hong Kong’s development opportunities brought about by the strong support of the motherland and the close connection to the world under “one country, two systems”.

At the luncheon, government departments, enterprises and institutions of Hong Kong and Indonesia signed 15 memoranda of understanding and agreements in such areas as trading and commerce, finance, logistics, maritime services, professional services, exchange of meteorological information, and co-operation in aerospace technology.

In the afternoon, Mr Lee headed to the Jakarta-Bandung High Speed Railway which will be commissioned in August. Linking Jakarta and Bandung - the capital of West Java Province and Indonesia’s third-largest city - the railway is a key project of the Belt & Road Initiative, he pointed out.

Mr Lee also joined a dinner hosted by Ambassador Extraordinary & Plenipotentiary of the People’s Republic of China to ASEAN Hou Yanqi. He thanked Ms Hou and her team for their continuous support to the Hong Kong Economic & Trade Office in Jakarta, and for their assistance in promoting Hong Kong’s early accession to the Regional Comprehensive Economic Partnership.

The Chief Executive will depart for Kuala Lumpur, Malaysia, tomorrow.