How can Hong Kong, Central Asia build momentum on growing ties and go beyond MOUs?
Hong Kong Chief Executive John Lee Ka-chiu's visit to Central Asia three months ago is generating momentum for closer economic ties. Discussions at the SCMP’s China Conference: Central Asia 2026 in Astana, Kazakhstan, focused on expanding cooperation beyond finance to include tourism, professional services, mining, agriculture, and digital infrastructure. Government officials and industry leaders from Hong Kong and Central Asia participated. The coming 12 to 24 months will determine if these agreements translate into concrete projects and lasting commercial relationships. Nicholas Ho Lik-chi, Hong Kong’s commissioner for Belt and and Road, noted increased inquiries from both sides since June.
The real story here is not just about Hong Kong's diplomatic outreach, but the city's ambition to reposition itself as a dual hub for both inbound and outbound investment in Central Asia. Nicholas Ho Lik-chi, Hong Kong’s commissioner for Belt and Road, confirms increased inquiries from Kazakh companies seeking Hong Kong as a finance and trade hub, and from Hong Kong and mainland Chinese firms looking to access Central Asian markets via Hong Kong. This reflects a strategic pivot to diversify Hong Kong's economic partnerships beyond its traditional focus. However, the challenge lies in moving beyond MOUs. Business leaders at the SCMP conference emphasized that the next 12 to 24 months are critical for translating enthusiasm into tangible projects. The focus on digital infrastructure, alongside traditional sectors like mining and agriculture, points to a broader economic integration strategy that could benefit Asian tech firms seeking new growth markets.
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