Chinese Foreign Minister Wang Yi will join global representatives in Hong Kong on May 30 for the historic signing of the Convention on the Establishment of the International Organization for Mediation, according to a Chinese Foreign Ministry spokesperson. The event marks a significant step toward formalizing a multilateral framework for peaceful conflict resolution.
The convention, first proposed by China in 2022, aims to create a dedicated institution for mediating international disputes outside traditional legal mechanisms. Analysts suggest this could reshape diplomatic engagement patterns, particularly in Asia-Pacific trade and territorial discussions.
Hong Kong's selection as the signing venue underscores its evolving role as a neutral ground for international dialogue. \"This demonstrates global confidence in Hong Kong's rule of law and unique advantages as an international hub,\" the spokesperson noted during Tuesday's briefing.
The mediation body is expected to attract participation from over 50 countries and regions initially, with operational headquarters yet to be determined. Business leaders and legal experts anticipate the organization could streamline cross-border commercial dispute resolution, potentially boosting investor confidence in Asian markets.
