A brand new worldwide mediation physique to be inaugurated in Hong Kong and backed by mainland Chinese language authorities might open its workplace as early as “the top of this 12 months”, a senior official has stated, with authorized consultants anticipating it’ll burnish town’s standing as a prime jurisdiction to resolve disputes between states amid rising geopolitical tensions.
Cheung stated the Hong Kong headquarters of the physique, that are presently below renovation on the website of the previous Wan Chai Police Station, could possibly be open by the top of this 12 months or the start of 2026.
“It marks the primary time an intergovernmental worldwide organisation units foot in Hong Kong. It will considerably elevate Hong Kong’s worldwide picture as a worldwide mediation hub and produce quite a few advantages, together with enhancements in its economic system, political standing, cultural affect, and worldwide impression,” Cheung stated on social media.
He additionally famous that town’s standing as a mediation hub might lure extra worldwide organisations, NGOs and tutorial our bodies to town and yield extra job alternatives for mediators, translators, researchers and administrative employees.
Cheung additionally stated he hoped the institution of the headquarters would immediate extra worldwide conferences and exhibitions in Hong Kong and spur the event of the lodge, catering, transport and logistics industries.
