Financial Secretary John Tsang has met with more Romanian officials on his Bucharest visit to boost economic ties.
He and Romanian State Secretary for Public Finance Attila György discussed how Romanian enterprises can take advantage of Hong Kong's excellent business environment and professional services in tapping Asian markets. They also signed an agreement on the avoidance of double taxation.
Mr Tsang gave Romanian Chamber of Commerce & Industry Vice President Aurelian Gogulescu an update on Hong Kong's latest business environment and the massive business opportunities under the Belt & Road initiative.
He delivered a keynote speech at a business seminar on opportunities under the Belt & Road initiative, highlighting how it will emerge as a world economic driving force in the 21st century.
"Through the Belt & Road initiative, we expect to see soaring investments in infrastructural facilities, deepening financial integration, expanding trade and the building of people-to-people bonds on a global scale,” he said.
"As trade and other economic activities along the Belt & Road expand, demand for renminbi trade settlement will also rise. Hong Kong's renminbi trade settlement system is well placed to respond to that demand.
"Our renminbi debt market has grown rapidly in recent years. It provides a reliable channel for companies issuing renminbi bonds to meet project funding needs."
Mr Tsang also met with Romania's Ministry of Foreign Affairs State Secretary Carmen Burlacu, and both sides looked forward to strengthening the economic and trade ties between the two places.
Mr Tsang will return to Hong Kong on Friday.
