Hong Kong-listed Boer Power Holdings Ltd, a mainland company that provides intelligent power distribution systems and management solutions for energy efficiency, will expand into international markets to exploit opportunities presented by the Belt and Road Initiative.

It will also seek to increase its domestic market share by offering products and services to so-called smart cities being developed in China.

"We will expand our business rapidly to Southeast Asia, Central Asia, Africa and the Middle East," said Jia Lingxia, executive director and chief operating officer of Boer Power.