Core Insights - The development of fintech and the ambition of mainland Chinese companies to expand globally are driving Chinese and international banks to establish operations in Hong Kong [1][5] - Hong Kong serves as a regional base for 15 out of the 29 largest banks globally, indicating its significance in the banking sector [2][4] - The Hong Kong Monetary Authority (HKMA) believes there is still ample growth potential for banks to utilize Hong Kong as a platform for global client expansion [2] Industry Developments - The establishment of regional headquarters in Hong Kong is a key measure to attract more banks, as highlighted in Chief Executive John Lee Ka-chiu's policy address [3][7] - Hong Kong's position as an international financial center with deep liquidity facilitates trade finance, enabling banks to support clients' expansion across ASEAN and other markets [6] - There is a strong demand from mainland and Hong Kong enterprises for global expansion, presenting significant opportunities for Hong Kong-based lenders [7]