The Chinese Banks’ Association (“CBSA”) supports the 2025 Policy Address, which introduces a series of measures aimed at boosting economic and financial development in the region. These include bolstering Hong Kong’s role as a platform to assist Mainland enterprises in expanding overseas, solidifying the city’s position as a bond market hub, enhancing offshore RMB products and services, optimising cross-boundary financial platforms such as the “Cross-boundary Credit Referencing”, and extending initiatives like the “SME Financing Guarantee Scheme”. These efforts are expected to create new engines for economic growth.
Building on the achievements of previous policies, the 2025 Policy Address continues to deepen reforms. It proposes to refine various financial interconnectivity mechanisms and expand RMB financing channels, while also enhancing cooperation within the Greater Bay Area to explore new business avenues such as commodities trading and carbon trading. These measures aim to further reinforce Hong Kong’s status as an international financial centre and a global offshore RMB hub.
CBSA will continue to unite industry efforts to fully support the HKSAR government’s initiatives, working together to contribute to Hong Kong’s long-term prosperity and societal advancement.