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The MPFA welcomes the series of measures announced by the Financial Secretary Mr Paul Chan in the 2024-25 Budget today (28 February) on further development of financial services, covering internationalisation of the renminbi and mutual-market access, equity and bond markets, green finance and fintech, etc. These measures will add impetus to the economic growth, further reinforcing Hong Kong's status as an international financial centre.

MPFA Chairman Mrs Ayesha Macpherson Lau said, “I fully support the Government’s vision of accelerating high-quality development as outlined in the Budget. As the Financial Secretary pointed out that ‘green development is a defining feature of high‑quality development’, the MPF System is also heading towards this direction. Meanwhile, we are also aware that the Government has proposed to expand the scope of the Government Green Bond Programme to cover sustainable finance projects and take forward the Infrastructure Bond Scheme to raise capital for infrastructure projects. These measures would help further enrich the MPF investment universe, thereby providing MPF scheme members with more investment options.”

Mrs Lau also strongly agreed with the measures proposed in the Budget themed “Advance with Confidence. Seize Opportunities. Strive for High-quality Development” to boost the economy, and support people and enterprises. She was confident that these measures will contribute to Hong Kong’s further economic growth.

Mrs Lau added that the MPFA will continue to fully cooperate with the Government and work closely with all stakeholders to leverage Hong Kong's unique advantages and explore new opportunities.

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28 February 2024