The Hong Kong Association of Banks: The global financial landscape is transforming Hong Kong into the world's largest cross-border wealth management center

The Zhitong Finance App learned that on September 4, the Hong Kong Association of Banks held the annual “Outstanding People Lecture and Luncheon”. Sun Yu, Chairman of the Hong Kong Association of Banks and Vice Chairman and CEO of BOCHK Hong Kong (02388), said 2026 is a critical year. The global financial landscape is changing, and international investors increasingly value Hong Kong's enduring strengths — stability, connectivity, and the country's unwavering support. Increased investor confidence has propelled Hong Kong to surpass Switzerland and become the world's largest cross-border wealth management center. At the same time, Hong Kong has further consolidated its position as a major financial center through measures such as promoting a gold settlement system and five-year treasury bond futures.

He pointed out that the Hong Kong Association of Banks has always been a firm supporter of the real economy, particularly through platforms such as the Northern Metropolitan Area Financial Advisory Task Force and the SME Transformation Forum. The Hong Kong Association of Banks also fulfils its social responsibilities, carries out fraud prevention education, promptly assists those affected by the Tai Po fire, and cooperates with the government's rescue efforts.

Looking forward to the future, he said that Hong Kong is undergoing major changes that have not occurred in 100 years, and the old script is no longer applicable. Geopolitical tension is heating up this year, but prices are not rising but falling, breaking traditional wisdom. This means that even if traders accurately predict a crisis, they may still lose money. In an uncertain world, the best response is to stay focused, strengthen your strengths, and actively shape the future.

Hong Kong's first five-year plan is about to be announced. Sun Yu predicts that the “Hong Kong Banking 2030” report prepared by the Hong Kong Association of Banks and Deloitte and the Public Accountants Bank will be released on September 11, providing suggestions and suggestions on promoting the development of the banking industry and supporting Hong Kong to consolidate and enhance its position as an international financial center.