+852 3594 6776

Serve every customer with heart

Your Needs   Our Focus

Financial Bulletin

Politics: Excellent business environment HSBC is optimistic about Hong Kong's development

Release Time:2024-10-21


Photo: Multinational enterprises express their optimism about the long-term development of Hong Kong with practical actions, and strongly refute the unreasonable smearing of Hong Kong by western society.


Xia Baolong, Director of the Hong Kong and Macao Affairs Office of the Central Committee and Director of the Hong Kong and Macao Affairs Office of the State Council, met with Du Jiaqi, Chairman of HSBC Group, and his party in Beijing on the 18th. Xia Baolong expressed his appreciation to HSBC Group for always being optimistic about the development of China and Hong Kong, focusing on the long-term and future-oriented, and actively participating in the economic construction of the Mainland and Hong Kong. He emphasized that the comprehensive, accurate and unswerving implementation of the principle of "one country, two systems" is a long-standing basic national policy of China, which has never changed and will never change. As always, the Central Committee will fully support Hong Kong to maintain its unique position and advantages, maintain a free, open and standardized business environment, and create better conditions for enterprises from various countries and regions to develop in Hong Kong. It is hoped that HSBC will continue to give full play to its advantages, actively participate in China's high-quality development and high-level opening up, and make more contributions to the prosperity and development of Hong Kong.


Financial circles and politicians in Hong Kong pointed out that the state actively promotes high-quality development and high-level opening up, and fully supports Hong Kong to give full play to its unique advantages. Many foreign investors are optimistic about China's economic development prospects, and famous international brands have settled in Hong Kong. In fact, a number of authoritative international indicators show that international finance centre's status, world competitiveness and talent competitiveness are excellent. Multinational banking groups such as HSBC have long been rooted in Hong Kong and expressed their optimism about Hong Kong's long-term development with practical actions, all of which have played a good demonstration role and strongly refuted the unreasonable smearing of Hong Kong by western society.


Hong Kong has a first-class business environment.


Chen Keqin, a member of the Legislative Council and chairman of the Democratic Alliance for Betterment of Hong Kong (DAB), believes that Xia Baolong's meeting with HSBC and his party not only affirms that HSBC will continue to invest in Hong Kong and develop its business in the Mainland, but also sends a clear signal to foreign investors once again, proving that the central government is firmly committed to ensuring the stability and long-term development of "one country, two systems" in Hong Kong, and its support for international finance centre and its position as an international trade center will not change. As a matter of fact, international finance centre ranks among the top three in the world and has a first-class business environment. It has always welcomed foreign investment, and it also welcomes these funds to explore a broader market in the Mainland through Hong Kong. He believes that foreign investors are smart people who can understand the affirmation and support of the central authorities and see the bright investment prospects of Hong Kong.


Huang Guo, a member of the Legislative Council and chairman of the Federation of Trade Unions, pointed out that HSBC, as an international bank rooted in Hong Kong for a long time, is representative. Director Xia Baolong's meeting is an affirmation that HSBC is optimistic about the development of Hong Kong and China. The Central Committee has always supported Hong Kong to give full play to its unique advantages of "relying on the motherland and connecting with the world". The Third Plenary Session of the Central Committee released a signal to welcome foreign investment. Hong Kong can play its unique advantages and play the role of "super contact", which will not only help the country develop with high quality, but also develop the economy and improve people's livelihood.


Welcome foreign financial institutions to Hong Kong.


Mingde Wei, member of Chinese People's Political Consultative Conference Port and chairman of the Hong Kong Financial Development Association, pointed out that in recent years, more and more foreign financial institutions have entered the China market, and mainland banks have also developed internationally. China is willing to share the dividend of economic development with the world, and is open and welcoming to foreign financial institutions. As an international financial center, Hong Kong can make full use of its openness and internationality, continue to play its unique advantage of "relying on the motherland and connecting the world" and actively integrate into the overall situation of the country's high-level reform and opening up. For example, he said that Hong Kong can actively embrace green finance, promote the innovative development of the local financial industry, and provide more diversified investment options for international investors. Moreover, Hong Kong is consistent with the country's green development strategy and goals, and it is also in line with the green development trends and needs of the international community.


Chen Zhenying, a deputy to the National People's Congress in Hong Kong and a member of the financial sector of the Legislative Council, said that as an international financial center, multinational banking groups like HSBC have long been operating in Hong Kong and have continuously increased their investment in the Mainland, thus serving their global customers, playing a good demonstration role and enhancing the confidence of other multinational banks in developing their business in Hong Kong.


Liang Xi, a member of the Legislative Council, believes that, as Director Xia Baolong said, with the full support of the central authorities, enterprises in Hong Kong can obtain the best business environment and explore a larger market, which is conducive to their own development. As an important leader of foreign investment, HSBC's trip to Beijing reflects their confidence in the China market and Hong Kong's comprehensive, accurate and unswerving implementation of the principle of "one country, two systems", and effectively refutes the smearing of the country and Hong Kong by western society with practical actions.

More Flash >>