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 creation of a new economic engine in innovation and technology (I&T) while expanding 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 Ka-chiu called for closer partnership between the government and banking sector in four areas. They comprise expanding offshore renminbi business,...