John Lee urges banks to finance city’s tech growth, expand offshore yuan business

Hong Kong’s leader has urged the banking sector to support financing the city’s new economic engine in innovation and technology while expanding the offshore yuan business, a key area for aligning with national strategies. Speaking at the Hong Kong Association of Banks’ Distinguished Speaker Luncheon on Friday, Chief Executive John Lee called for closer partnership between the government and banking sector in four areas. The areas comprise expanding the offshore renminbi business, encouraging...