Chinese Foreign Minister Wang Yi attended the signing ceremony of the Convention on the Establishment of the International Organization for Mediation in Hong Kong on Friday, marking a milestone in the city's role as a hub for international diplomacy and dispute resolution.
The event, held in the Hong Kong Special Administrative Region, underscores the region's growing prominence in global governance frameworks. Wang emphasized the body's potential to foster 'peaceful dialogue and multilateral cooperation' amid rising geopolitical tensions. Analysts suggest the initiative aligns with broader efforts to position Hong Kong as a neutral ground for resolving cross-border commercial disputes, appealing to businesses and investors across Asia.
Over 20 countries and regions participated in the convention, reflecting diverse interest in alternative conflict-resolution mechanisms. The move is expected to enhance Hong Kong's legal and professional services sector, a key pillar of its economy.
