Borrowing Hong Kong’s International Standards: A Steppingstone for the Chinese “Belt and Road” Going Out?

Zhiwen Gong, Fung Chan and Yan Wu
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Zhiwen Gong: School of Humanities and Social Science, University of Science and Technology Beijing, Beijing 100083, China
Fung Chan: School of Social Sciences, University of Auckland, Auckland 1010, New Zealand
Yan Wu: Business School, University of Shanghai for Science and Technology, Shanghai 200093, China

Sustainability, 2021, vol. 13, issue 6, 1-19

Abstract: When the Chinese government proposed the Belt and Road Initiative (BRI)in 2015, Hong Kong was positioned as a “super-connector” responsible for bridging the mainland and global markets and was planned to integrate into the Guangdong–Hong Kong–Macau Greater Bay Area. The objective of this article is to analyze the Chinese designs to promote its BRI collaboration through Hong Kong to enhance foreign confidence and ensure that the related institutional transplantation is sustainable in other countries and that it is on par with international standards. However, the rise of neighboring cities and the changing Sino–American relationship in recent years has provided uncertainties for the future development of Hong Kong. Due to these factors, this article argues that Hong Kong may not effectively share the functions in the BRI planning designed by the Chinese authorities. Because Hong Kong’s role and how it influences the policy outcomes within the BRI framework have not been thoroughly studied, this article will supplement the current literature vacuum on this specific issue and its future development.

Keywords: belt and road initiative; greater bay area; mainland China-Hong Kong relationship; transregional collaboration; institutional transplantation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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