yu wei-wen: as the mainland and asean have more and more frequent contacts, hong kong can take advantage of the advantages of its territory and play out its traditional advantages

According to information from the Z hong tong Financial A PP , Hong Kong Monet ary Authority (H K MA) President Yu Wei - man said at the annual meeting of the Asian Secur ities and Financial Mark ets Association that Hong Kong can play an important role in strength ening relations between ASEAN (As soci ation of So uthe ast Asian Nations) and Japan . Recent ly , he said that although the economic links between ASEAN and Japan are spre ading rapid ly , Hong Kong is located at the heart of these links and needs to make positive contribu tions in various fields , taking advantage of its traditional advan tages .

Yu Wei wen point ed out that global supply cha ins are being res hap ed , economic and ge opoli tical frame works are changing , and investment and consumption models are being transform ed . In this context , economic interac tion is becoming more and more frequ ent , especially between Japan and ASEAN countries . It is expected that Hong Kong will play an important role as a portal to the Japanese economic market in these interac tions .

It is important that Hong Kong ser ves as a gate way for many over seas investors and companies seek ing business opportunities in Japan . In this way , Hong Kong itself needs to have a deep understanding of the relevant markets in Japan and the ASEAN region , and to support business participation .

Yu further said that the growth in trade lend ing in Hong Kong will be more pr ono unced as the ren min bi ' s status as an international currency will be enhan ced . The out look is that the increasing accept ance of the RM B in international financial markets will provide new opportunities for Hong Kong ' s financial system .

In addition , the Hong Kong Monet ary Authority (H K MA) is experiment ing with use cases of dig iti zation in the trade and supply chain finance sectors through the " E ns emble Project " sand box . The initiative aims not only to strengthen Hong Kong ' s links with the ASEAN region and Japan , but also to contribute to the creation of new value brought about by digital technology .

Finally , Mr . Yu also mentioned the role that Hong Kong can play in terms of three aspects : digita lization , susta ina bility and participation . Hong Kong ' s progress in these areas will further cement its position as a key link between the ASEAN and Japanese markets . Therefore , Hong Kong has a responsibility to develop its full potential as an international financial centre , while dee pen ing its ties with many countries .

In this way , Mr Y U Wai - man ' s remar ks rea ffir med the role that Hong Kong should play in strength ening ASEAN - Japan relations , and will be a factor that will have a pro found impact on Hong Kong ' s future growth and development .