Hong Kong Financial Hub Measures Unveiled in Policy Address

Hong Kong financial hub measures were announced by Chief Executive John Lee to reinforce the city’s global financial centre role. Plans include expanded tax incentives, growth of yuan and gold trading, and encouraging more mainland banks to set up regional headquarters. The government will also issue more RMB bonds, study corporate treasury centre incentives and invite the Asian Infrastructure Investment Bank to establish a Hong Kong office. The Hong Kong Monetary Authority and HKEX will expand cross-border services and reforms to attract Southeast Asian and mainland Chinese firms. The Hong Kong Investment Corporation will channel capital into innovation and asset management, while new initiatives will broaden equity, fixed income, currency, commodity and carbon markets.