HK and mainland financial market to forge proactive and deep alignment

Hong Kong is poised to deepen its financial and economic collaboration with mainland China, aligning with the country’s 15th Five-Year Plan (2026-30) to enhance global financial governance reform. Vice-Premier He Lifeng emphasized this strategic alignment during his address at the fourth Global Financial Leaders’ Investment Summit, hosted by the Hong Kong Monetary Authority. The summit, themed ‘Trekking through Shifting Terrain,’ gathered over 300 global financial leaders to discuss emerging trends, opportunities, and risks in a rapidly evolving geopolitical and technological landscape. He highlighted Hong Kong’s pivotal role in fostering a fair, just, and inclusive international economic order, as envisioned by President Xi Jinping’s Global Governance Initiative. Hong Kong Chief Executive John Lee Ka-chiu underscored the city’s financial market growth and fintech advancements, noting a 30% year-to-date surge in the stock market and record-breaking IPO activity. Regulatory efforts are also underway to support digital asset development, including asset tokenization and cross-border payment innovations. Mainland financial regulators, including representatives from the People’s Bank of China and the National Financial Regulatory Administration, reiterated the importance of financial market integration, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area. The China Securities Regulatory Commission further pledged to deepen cooperation between mainland and Hong Kong capital markets, fostering a virtuous interaction between onshore and offshore development. Amid macroeconomic uncertainties, Hong Kong Monetary Authority Chief Executive Eddie Yue Waiman urged financial leaders to remain vigilant and proactive in navigating market dynamics.