On March 22, HSBC Holdings PLC Group Chief Executive Georges Elhedery attended the China Development Forum 2026. During the forum, he stated that China is entering a new phase of development and is set to shape the next era of global growth. The Chinese economy is fostering vitality in emerging industries and possesses the capability to achieve further breakthroughs. In this process, Chinese companies are accelerating their overseas expansion, with strong growth in outward direct investment highlighting China's increasing influence as a major global investor.
He pointed out that structural shifts in trade patterns are creating new opportunities and giving rise to emerging economic corridors, such as those between China and Southeast Asia, and China and the Middle East. However, uncertainties stemming from tariff barriers, geopolitical tensions, and military conflicts are also intensifying. Under the "new normal" of the global economy, Chinese enterprises face new challenges and demands as they expand internationally.
Elhedery emphasized that financial institutions must keep pace with the overseas expansion of Chinese companies by accelerating the development of globally interconnected networks. They should also provide tailored, integrated financial solutions that address the varying needs of companies at different stages of internationalization. He stressed that financial institutions should treat overseas expanding enterprises as interconnected multinational groups rather than separate entities operating independently across regions. By establishing dedicated service teams aligned with corporate structures, institutions can offer seamless and consistent financial support at both global and local levels. Efficient global payment solutions, customized trade financing, and innovative currency risk management products and services can help these companies improve operational efficiency, optimize working capital management, and mitigate trade settlement risks, enabling them to better seize global opportunities.
Elhedery also highlighted the importance of enhancing Hong Kong's role as an international financial center and an offshore renminbi hub. He suggested further improving connectivity between various linkage mechanisms in the mainland and Hong Kong financial markets to provide international investors with more efficient and accessible risk management tools and products.
In conclusion, Elhedery reaffirmed that as one of the largest international financial institutions investing in China, HSBC will continue to commit to the Chinese market, assisting overseas clients in capturing opportunities in China and supporting Chinese companies in expanding globally.