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Top global bankers gather in Hong Kong for summit as regulators promise more reforms

Chinese Vice-Premier He Lifeng, who is bringing a huge delegation, will deliver a keynote speech

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CSRC Vice-Chairman Li Ming appears at the HKEX Connect Summit in Hong Kong on November 18, 2024. Photo: Jonathan Wong

Dozens of the world’s leading financiers have gathered in Hong Kong to take part in a summit attended by mainland Chinese officials, indicating a high level of support from the country’s leaders for the city’s development.

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Citi CEO Jane Fraser, Franklin Templeton CEO Jenny Johnson and State Street CEO Ronald O’Hanley were among the 300 bankers seen arriving on Monday evening at The Henderson, the venue of a high-profile banquet.

Chinese Vice-Premier He Lifeng, the highest-ranking official in charge of the mainland’s financial services industry, is scheduled to deliver a keynote speech on the first day of the conference on Tuesday, but did not attend the dinner, according to attendees.

Beijing’s top man in charge of economic affairs is bringing with him the largest ever delegation from the mainland to the Global Financial Leaders’ Investment Summit since the Hong Kong Monetary Authority (HKMA) started organising the event in 2022.

Jenny Johnson, CEO of Franklin Templeton Investments, arrives at the bankers’ banquet at The Henderson on Monday evening. Photo: Eugene Lee
Jenny Johnson, CEO of Franklin Templeton Investments, arrives at the bankers’ banquet at The Henderson on Monday evening. Photo: Eugene Lee

The bankers were treated to a sumptuous menu.

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