The Chinese Banks’ Association (“CBSA”) supports the 2024 Policy Address, which includes a series of measures to support the economy and promote the development of the financial industry. These include the relaunch of principal moratorium under the SME Financing Guarantee Scheme, relaxation of mortgage terms, enhancing the interconnectivity of the fast payment systems of the Mainland and Hong Kong, as well as enabling the issuance of bank cards by Mainland branches of Hong Kong‑incorporated banks.
The Policy Address reflects the commitment of the HKSAR Government to enhancing Hong Kong’s status as an international financial center, and to supporting local SMEs and the property market. The Policy Address also emphasizes the deepening of cooperation within the Greater Bay Area and further promotes the integration of Hong Kong into the overall development of the country.
CBSA will continue to fully support the policy implementation of the HKSAR Government, and look forward to further collaboration across different sectors for the betterment of Hong Kong.