Hong Kong’s Chief Executive, John Lee, has called on the city’s banks to play a crucial role in funding the upcoming economic growth driven by innovation and technology. He emphasized the importance of enhancing offshore yuan businesses as part of aligning with national objectives.
During a luncheon hosted by the Hong Kong Association of Banks, Lee encouraged a stronger collaboration between the government and financial institutions across four key areas. These areas include expanding the offshore renminbi market, promoting innovation and technology through financial support, boosting commodity trading, and ensuring financial security and market integrity.
Lee stated, “Strategic growth depends on achieving technological independence and high-quality development, especially in the Northern Metropolis.” He urged banks to support the real economy and encourage technological innovation through financial means.
He explained that the development would integrate university town areas with industries related to innovation and technology, creating a more conducive environment for living, working, and commuting. “This will be a turning point for our city’s swift progress,” he added.
Additionally, Lee referenced the Northern Metropolis Financial Advisory Task Force, which consists of 23 banks aimed at supporting this initiative through financial resources.
