The “One Belt, One Road” initiative aims to promote connectivity in infrastructure, resources development, industrial co-operation, financial integration and other fields along the Belt and Road countries. These strategic objectives are also closely connected to the “going out” strategy. The “One Belt, One Road” initiative, with its extensive reach across a number of regions, represent clear development opportunities for Hong Kong.
Despite the business opportunities emerging across Africa, many Asian businesses have been deterred from investing due to the uncertainties and costs involved in commercial disputes, but new mediation measures aim to change that.
New European Standard on Accessibility Requirements in the Field of Information and Communications Technology
The three European Standardization Organizations (CEN, CENELEC and ETSI) have recently published a new European standard on accessibility requirements for Information and Communication Technology (ICT) products and services. Hong Kong traders of electronic goods should be alerted to this development, as the new standard, EN 301 549, is the first European standard for so-called “accessible” ICT.
A number of new rules and regulations officially entered into force on 1 April 2015. They include rules on credit management and classified management for customs inspection agencies, banning the online screening of unregistered foreign films and TV series and stopping ticket sales when scenic spots reach capacity, and the launch of commercial auto insurance reform in six regions to benefit the low-risk car owners.