Hong Kong Prepares First Five-Year Plan to Strengthen RMB Business and Wealth Management Hub Status

Gate News message, April 21 — Hong Kong is preparing its first five-year development plan aimed at strengthening its role in RMB business and positioning itself as a regional wealth management hub, according to remarks by Li Weizhong, a member of Hong Kong's Legislative Council and permanent honorary president of the Hong Kong Securities Association, at the Xingzheng International 2026 Overseas Wealth Management Summit on April 20.

The Legislative Council is advancing market reforms to enhance liquidity and competitiveness, including stamp duty cuts and optimization of dual-listing mechanisms. These initiatives aim to reinforce Hong Kong's standing as a leading financial center in the region.

Lin Dan, executive director and chief executive officer of Xingzheng International, highlighted that Hong Kong's role as a critical bridge connecting mainland China with global capital flows has become increasingly important amid shifting global geopolitical dynamics. The firm plans to capitalize on Greater Bay Area opportunities to strengthen cross-border financial services.