Hong Kong Monetary Authority Chief Executive Eddie Yue and State Administration of Foreign Exchange head Zhu Hexin held talks on strengthening Hong Kong’s role as a global financial hub through cross-border connect schemes. [1]
The discussions came as Hong Kong works on its own five-year plan for the first time in 2026, with Beijing backing the effort and aligning it with more than 3,000 mainland China projects, according to the facts provided. [1]
Hong Kong acts as a free market with capital moving in and out, and that makes cooperation between the HKMA, the People’s Bank of China and SAFE important for channeling mainland capital flows, the facts said. [1]
The city also remains a key platform for mainland companies seeking overseas expansion, while international investors use Hong Kong as a gateway into mainland China, said Wilson Chan Fung-cheung, adjunct professor at City University. He said, “Many mainland companies can use Hong Kong as a platform to expand overseas, while international investors who want to invest in mainland China can also use Hong Kong as a gateway.” [1]
Chan also said Hong Kong is starting work on its own five-year plan this year for the first time, and that Beijing has expressed support for the city’s new development plan to match more than 3,000 projects on the mainland. [1]
