Hong Kong seeks to regain global relevance as it hosts first geopolitical summit

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Hong Kong seeks to regain global relevance as it hosts first geopolitical summit
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The city wants to bridge the East-West divide, but its policy priorities are holding it back.

Mrs Regina Ip, Executive Council convenor and chairwoman of Savantas Policy Institute, giving the opening remarks at The Global Prosperity Summit, which runs from May 13 to 15.

But the reality is Hong Kong remains held back from its full potential, given its close alignment to the mainland and perceptions that the city might have been preoccupied with national security issues at the expense of global connectedness, said analysts. Hong Kong is in a unique position to do so due to its “cosmopolitan society understands the cultures and political systems of mainland China, as well as the culture and systems of the West”, government adviser Regina Ip, chairwoman of the event’s co-host, local think tank Savantas Policy Institute, told reporters on May 14.

Differences between the two powers, such as in their respective ideologies, governance and geopolitical interests, “frankly haven’t changed” over the years, except that now the US is “all of a sudden perceiving that your rival is nipping at your heels… and fear of what might happen if they catch up to you”, said Ms Thornton, now a senior fellow at the Paul Tsai China Center at Yale Law School.

Professor Huang Ping, director of the Centre for Taiwan, Hong Kong and Macau Studies at the Chinese Academy of Social Sciences, suggested more youth exchanges, as well as NGOs stepping up to facilitate communication. Mr Tong, now a managing partner at US-based business advisory firm The Asia Group, said Hong Kong’s plethora of national security-related top headlines in recent years compared with more economic-focused ones previously, had reshaped the outside world’s perception of the city and what it stood for.

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