(24 February 2021) The Hong Kong Association of Banks ("HKAB") welcomes the 2020-21 Budget unveiled today. The Budget sets out a wide array of budgetary measures to address short-term economic headwinds and to strengthen pillar industries, including financial services, for the longer term. We are pleased to see new initiatives to consolidate Hong Kong's strengths as an international financial centre and to develop new capabilities, most notably in fintech, green finance, asset and wealth management for the Greater Bay Area. With the gradual roll-out of the vaccination programme, we are optimistic that these Budget measures will put Hong Kong on a path to sustainable economic recovery. 

The Hong Kong Association of Banks

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