CBSA welcomes and supports the 2024-25 Budget

The Chinese Banks’ Association welcomes and supports the 2024-25 Budget, which includes a number of measures that will benefit Hong Kong’s financial and economic development. These include extending the application period for the SME Financing Guarantee Scheme, withdrawing demand-side management measures for residential properties, relaxation of limits on property-related loans, and taking forward recommendations on enhancing the liquidity of the stock market. These policies will support the long-term development of the property and stock markets, injecting vitality into Hong Kong’s economy. Furthermore, they will strengthen Hong Kong’s establishment of the “Eight Centres” under the Nation’s 14th Five-Year Plan, further integrating Hong Kong into the Nation’s overall development and enhancing its competitiveness and status as an international financial centre.

As always, The Chinese Banks’ Association fully supports the Hong Kong SAR Government, and will continue to work with all sectors to boost the economy, promote development and benefit people’s livelihoods.