Professor Terence Chong gave a lecture on "Development Opportunities Brought to Hong Kong by RCEP"

August 27, 2022

The Regional Comprehensive Economic Partnership (RCEP) is the largest free trade zone in the world. In order to deepen members’ understanding of the importance of RCEP on economy and trade, the DAB Training Committee and the Talent Development Committee co-organized the "Macro - 30th Anniversary Lecture Series" and invited Professor Terence Tai-Leung Chong, Executive Director of Lau Chor Tak Institute of Global Economics and Finance at the Chinese University of Hong Kong, to give a lecture on "Development Opportunities Brought to Hong Kong by RCEP".

Professor Chong said that Hong Kong should strive to join the RCEP. The RCEP concerns the free flow of talents that Hong Kong, with lots of professional talents in fields such as law, scientific research, and accounting, etc., can complement the other countries by facilitating projects in the RCEP region. At that time, Hong Kong's financial and professional services will enjoy a bigger market with the protection of law. With a robust legal system and legal talents, Hong Kong can be a legal and dispute resolution center to assist companies in the RCEP region to handle disputes and litigation. This also aligns with the country's 14th Five-Year Plan.

Iris Wong, member of the DAB Training Committee, expressed her gratitude to Professor Chong for being the guest speaker for the fourth session of "Macro - 30th Anniversary Lecture Series" which helped DAB members gain a better understanding of the development opportunities that RCEP brought to Hong Kong.