Lee says banks have key role to play in five-year plan
Chief Executive John Lee on Friday described the banking sector as a crucial partner for Hong Kong in its efforts to better integrate into and serve the country's development. Speaking at an Association of Banks event, he said the organisation has long been vital to the city's financial resilience and long-term prosperity. Noting that Hong Kong is set to unveil its first five-year plan this…
Chief Executive John Lee emphasized the banking sector's pivotal role in Hong Kong's development during a recent Association of Banks event. He highlighted the industry's long-standing significance in fostering the city's financial stability and long-term prosperity. As Hong Kong prepares to unveil its inaugural five-year plan this month, Lee stressed that the banking sector is a key component of this strategic roadmap.
The plan aims to harness Hong Kong's unique position as a global bridge between mainland capital and enterprises and international markets, while attracting foreign capital, technology, and talent.
Lee underscored the banking sector's critical role in turning this vision into reality, specifically advocating for collaboration in four key areas: enhancing offshore renminbi business and improving financial connectivity; fostering real economy growth and fostering innovation through finance; expanding commodity trading; and bolstering financial security and market integrity.
Furthermore, he urged the banking sector to actively contribute to the development of the Northern Metropolis, expressing confidence in the sector's capacity to finance large-scale infrastructure projects. Lee believes these endeavors will unlock opportunities generated by the Northern Metropolis, benefiting both Hong Kong and the broader Greater Bay Area.
Written by urgent.news from RTHK News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
