As HSBC helps local firms go global, China’s cross-border strategy moves towards “small and beautiful” projects, with Hong Kong remaining as the centre
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As China’s Belt and Road Initiative (BRI) enters its second decade, its playbook is changing.
HSBC Global Investment Research’s latest report describes how the Belt and Road Initiative is moving from state-led megaprojects towards smaller, greener and more tech-focused investments driven by private capital.
Released just in time ahead of the Belt and Road Summit (September 10-11) in Hong Kong, the report identifies a growing convergence between foreign investment, the global energy transition and the internationalisation of the renminbi, with Hong Kong emerging as a key hub.
