The Chinese Banks’ Association welcomes and supports the 2025-26 Budget. Emphasising reform, innovation and continuous self-enhancement, the Budget includes a number of measures which will further upgrade the industries in Hong Kong that enjoy a competitive edge. In terms of reinforcing and enhancing Hong Kong’s status as an international financial centre, the Budget proposes a series of measures that will boost the mutual market access mechanism with the Mainland, foster the development of Hong Kong as an asset and wealth management centre as well as the offshore RMB business hub. It also proposes measures to improve trading efficiency in the equity market and take forward reforms of the listing regime.
In addition, the Budget includes measures to promote technology innovation as a key engine for driving the development of new quality productive forces, thereby empowering traditional industries to upgrade and transform themselves. The priority given to the development of the Northern Metropolis will also accelerate the growth of Hong Kong’s technology sector.
As always, The Chinese Banks’ Association fully supports the policies and measures of the Hong Kong SAR Government that enables the city to capitalise on development opportunities arising from its strategic positioning as international financial, maritime and trade centres, as well as the international hub for top talent, which will contribute to high-quality development of the country and the SAR.