China International Development and Investment Corp. Ltd. President & CEO Oswald Wong explains why the connection between the United Arab Emirates and Hong Kong is a key link in the ‘One Belt One Road’ strategy
These are exciting times for Oswald Wong. The Hong Kong-based capital entrepreneur is a champion of China's "One Belt One Road' strategy which aims to link over 60 countries to enhance cross-border trade and investment with the ultimate goal of cultural exchange and economic improvement.
Through his experience, teaming up with Chinese state owned enterprises, partnering with foreign conglomerates and support from overseas trade bodies and local government agents, he believes ‘One Belt One Road’ will enhance bilateral investments and result in capital inflow between countries. The Chinese national strategy envisions global trade of products and services and increased employment in low-income countries and capital gain from asset value appreciation for investors.
Wong believes the infrastructure on the ground in China and across partner countries will be the biggest draw for investors in the next five years. With a sharp business mindset, the knowledgeable Hong Kong based entrepreneur utilises global financial and human capital to cooperate with international partners benefiting from China’s national policies, which will play a crucial role in crafting contemporary trade, economic and political relations.
“We establish a commercial presence in different regions by being the leading investors of mix-purpose properties, utility infrastructure, sport related and natural resource related industries,” he says.
The CEO highlights links between Hong Kong, with its strategic location commercially and geographically to Mainland China and status as a centre for knowledge and investment, with the UAE, a major hub for well-developed capital from the ‘One Belt One Road’ countries. As two of the world’s most business-friendly areas, Hong Kong and the UAE offer a strong market for consumer goods and business services, free market policies and the seamless flow of information.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Green lights
It hasn’t even been a full year that Stellantis, one of the world’s biggest auto companies, has been in existence. Still, its wheels are spinning furiously. Here’s what it has in store for the region
Purpose through corporate responsibility
Every organisation must deeply reflect about whether they are leaving behind a legacy or a liability, says Abdulaziz AlSowailim, EY MENA chairman and CEO
Analysing the layers of a coconut
When we have a sense of clarity as to our purpose in life, then we institute the correct practices and habits around us, and set realistic and achievable results
DUNES TO DOMINION
FOR A COUNTRY RICH IN TRADITION AND DRIVEN BY AMBITION, THE UAE’S JOURNEY DURING THE PAST 50 YEARS HAS BEEN UNPRECEDENTED. WHAT’S IN STORE FOR THE NEXT 50?
Building strong
International investors are boosting Dubai’s residential property market, which has rebounded strongly from the Covid crisis, writes Aarti Nagraj
CHASING THE AMERCIAN DREAM
FOR SHAI ZAMANIAN, THE US IS A LAND OF LIMITLESS POSSIBILITIES, AN AVENUE HE AIMS TO OPEN FOR FAMILIES WORLDWIDE VIA IMMIGRATION. HERE’S HOW HE IS BRINGING HIS GOAL TO FRUITION
OBITUARY: JOCELYN HENDERSON (1921-2021)
THE GRANDE DAME OF ABU DHABI – THE WIFE OF A FORMER DIPLOMAT – PASSED AWAY IN THE UAE CAPITAL AGED 100
THE DIGITAL DISRUPTORS
IN THE COMING YEARS, THE GCC IS EXPECTED TO PLAY A SIGNIFICANT ROLE IN SECTORS SUCH AS HEALTHCARE, MANUFACTURING, EDUCATION AND RETAIL, WHICH WILL HELP BOOST THE GROWTH OF ITS NON-OIL ECONOMY
Signed, sealed, delivered
Nicolas Baretzki, CEO of Montblanc, partnered with one of the world’s most recognisable luxury brands, Ferrari, earlier this year. Here’s where the partnership, and the German company as well, is headed next
UP, UP AND AWAY
AS THE FIRST IN-PERSON AIRSHOW TO TAKE PLACE SINCE THE OUTBREAK OF THE PANDEMIC, THE EVENT SAW SEVERAL DEALS ANNOUNCED
