The Chinese Banks’ Association welcomes and supports the 2026-27 Budget, with the theme ‘Driving High-quality, Inclusive Growth with Innovation and Finance’. Riding on improved public finances, as the operating account returned to a surplus, the Budget proposes a series of strategic measures aimed at consolidating Hong Kong’s status as an international financial centre and aligning with the nation’s 15th Five-Year Plan.
To consolidate the strengths of Hong Kong’s financial sector, the Budget actively responds to the national strategy of advancing RMB internationalisation. Through optimising liquidity arrangements, enriching offshore RMB products, and expanding mutual access mechanisms, the Budget fully enhances Hong Kong’s role as a global offshore RMB business hub. We are also pleased to see that the Budget adopts CBSA’s proposal on issuing RMB bonds of different tenors on a regular basis, which will help improve the offshore RMB yield curve and provide a crucial pricing benchmark and an interest rate reference for debt market development. Moreover, the Budget’s emphasis on optimising the securities market, enhancing market efficiency and liquidity, will further strengthen Hong Kong’s appeal as an international fundraising platform.
Furthermore, the Budget demonstrates innovative thinking by driving the development of digital assets, establishing an international gold trading market, and promoting corporate treasury centres. These initiatives will lay a solid foundation for the long-term development of Hong Kong’s financial markets.
We will continue to unite the industry and fully support the Government’s policies. We remain committed to leveraging Hong Kong’s unique advantage of having close connectivity with the Mainland and the world to ensure that finance empowers the real economy and contributes to the high-quality development of our nation.