The development of fintech and the strong desire of mainland Chinese companies to go global are conducive to Chinese and international banks setting set up operations in Hong Kong, according to the head of the city’s de facto central bank.
“While many international and mainland banks already use Hong Kong as a base to develop their regional business, we believe there is still enough room for growth for lenders to use Hong Kong as a platform to help their clients go global,” said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), on Thursday.
