Published: 19:36, May 14, 2024 | Updated: 21:24, May 14, 2024
Leaders: HK can help ease geopolitical tensions
By Stephy Zhang in Hong Kong

(From left) The Hong Kong University of Science and Technology President Nancy Y. Ip;  Professor of Structural Biology at Stanford University's School of Medicine and Nobel laureate Roger D. Kornberg; President & Provost of University College London Michael Spence; Director and Investigator, National Institute of Biological Sciences, Beijing Wang Xiaodong; and Turing Award Winner and Dean of the Institute for Interdisciplinary Information Sciences, Tsinghua University Andrew Chi-Chih Yao participate in a panel discussion on the theme “ Science and Technological Co-operation and the Future of Mankind” at the Global Prosperity Summit 2024, held at The Fullerton Ocean Park Hotel Hong Kong in Aberdeen on May 14, 2024. (ADAM LAM / CHINA DAILY)

Leaders attending the Global Prosperity Summit in the Hong Kong Special Administrative Region on Tuesday said the city can contribute to easing geopolitical tensions, and a stable global environment is crucial for the city’s benefit.

The three-day summit, which kicked off on Monday, aims to build a civil platform for discussing geopolitical issues and exploring ways to settle disputes.

About 200 business leaders, scholars and representatives of think tanks and investment institutions from the Chinese mainland, Hong Kong and overseas attended the summit as guests and speakers. Notable attendees included US biochemist and Nobel Prize laureate Roger Kornberg, and Michael Spence, president and provost of University College London.

At the welcome dinner held on Monday night, Chief Executive John Lee Ka-chiu said that Hong Kong believes cooperation, instead of deglobalization, is the only realistic way ahead for the global economy and global development

At the welcome dinner held on Monday night, Chief Executive John Lee Ka-chiu said that Hong Kong believes cooperation, instead of deglobalization, is the only realistic way ahead for the global economy and global development.

ALSO READ: RCEP membership would make HK the ‘superconnector’ of Asia

“We will continue to do everything we can to promote dialogue, collaboration and shared prosperity,” Lee said.

On Tuesday, experts shared their expertise and insights on major geopolitical challenges during five panel discussions, which featured globalization and de-globalization, risks of pan-securitization, science and technology cooperation, competition between great powers, and climate change.

Chief Executive John Lee Ka-chiu delivers a speech at the Global Prosperity Summit on May 13, 2024. (PHOTO / HKSAR GOVERNMENT)

Regina Ip Lau Suk-yee, convener of the city’s Executive Council and chairwoman of the Savantas Policy Institute – one of the summit’s organizing bodies — said at the event that Hong Kong, as a small but open economy, has a high degree of exposure to global risks, and a keen interest in promoting common ground toward resolving these problems.

She expressed the confidence that Hong Kong is well positioned to make the most of its advantages as a superconnector between the Chinese mainland and the rest of the world.

ALSO READ: HK urged to leverage 'bridge' role

Huang Ping, executive vice-president of the Chinese Institute of Hong Kong and director of the Centre for Taiwan, Hong Kong and Macau Studies at the Chinese Academy of Social Sciences (CASS), said Hong Kong plays a role in both economic and humanistic diplomacy in the current geopolitical environment.

Huang said the city’s advantages, especially its multi-lingual environment, naturally facilitate exchanges between people from different backgrounds. Such an advantage can enhance civil diplomacy and contribute to the nation’s overall diplomatic strategies.

Xu Liping, director of the Center of Southeast Asian Studies and chief of the Department of Asia-Pacific Social and Cultural Studies at CASS, stressed the importance of Hong Kong’s geographical location.

Regina Ip Lau Suk-yee, Convenor of the Non-official Members of the Executive Council, Hong Kong, and Chairperson of Savantas Policy Institute, delivers her opening remarks during the Global Prosperity Summit 2024 at The Fullerton Ocean Park Hotel Hong Kong in Aberdeen on May 14,2024. (ADAM LAM / CHINA DAILY)

The city is a key to bolstering cultural exchanges, financial development and sustainable infrastructure construction between China and ASEAN countries, Xu noted.

READ MORE: HK has opportunities and obligations as a 'super connector'

On Wednesday, a young leaders forum will gather entrepreneurs, senior managers and scholars from Asia to envisage future global economic development and opportunities, before drawing the summit to a close.

stephyzhang@chinadailyhk.com