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Australia plans to play an important role in the Belt and Road Initiative, which aims to connect Asia, Europe and Africa along five key routes. The initiative has already seen a mixture of agreements get under way for the Silk Road Economic Belt and 21st Century Maritime Silk Road development strategies.
Dr George Lam FCPA (Aust.), Honorary Fellow of CPA Australia, and Chairman - Indochina, Myanmar and Thailand, and Senior Adviser - Asia of Macquarie Infrastructure and Real Assets, Australia, as well as President of Hong Kong - ASEAN Economic Cooperation Foundation, believes that Hong Kong is in a good position to strengthen partnerships with China under its 13th Five-Year Plan and the Belt and Road Initiative. Lam says strategic industries like agriculture, food, resources, education, healthcare, information technology, infrastructure, environmental protection, and clean energy show particular promise. “China aims to further upgrade the quality of the economy and its capacity to reach out to Belt and Road markets,” he explains.
Areas ripe for opportunities, according to Lam, range from accounting services like cross-border M&A transactions, asset management, and public-private sector partnerships (PPP), as well as instigating and managing international joint ventures, issuing debt or IPOs for related projects, and managing family office and trust operations.
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