Hong Kong could lead on global governance standards, analysts say
نظرة سريعة
Analysts suggest Hong Kong can become a hub for international organizations and set global governance standards, following Beijing's release of a white paper on its global governance reform initiative.
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لماذا يهم
China has published a white paper expanding on its global governance reform initiative, stating the international system is at a critical crossroads.
Hong Kong could position itself as a magnet for international organisations and lead on setting standards, according to analysts who have weighed in how the city can contribute to Beijing’s global governance reform after the publication of a new white paper expanding on that initiative.
According to the white paper, China said global governance was at a “critical crossroads” as the international system established after World War II had been disrupted by multiple crises.
The country saw no need to “rebuild” or “replace” the existing international system but supported changes that were “more compatible and aligned” with realities today.
Kenneth Wong, director of the University of Hong Kong’s (HKU) school of governance and policy, said the paper had arrived at a moment when rules-based institutions needed reinforcing.
أسئلة مفتوحة
- What specific standards could Hong Kong set?
- How will other nations react to China's proposed reforms?
