At the China Development Forum 2026 held from March 22 to March 23, the CEO of HSBC Holdings PLC delivered a speech emphasizing that China will continue to serve as a core driver of global growth in the coming phase.

He noted that domestic markets across Asian nations are steadily expanding, innovative technologies are being rapidly adopted, and entire industrial systems are undergoing transformation—all of which represent new engines for global growth. Within this context, China remains a central force in the next stage of worldwide economic expansion.

Beyond innovation, the global economy is also driven by cooperation. The CEO stressed that in an increasingly uncertain world, collaboration is more important than ever. Trade, investment, and financial connectivity are not only defining features of the global economy but also foundational pillars for development. He remarked that when economies remain open and cooperative, market confidence strengthens, investment flows increase, and opportunities expand.

He pointed out that HSBC will continue to fulfill its mission by facilitating trade, capital, investment, and opportunities—turning connectivity into momentum for growth. The bank has established 28 China Desks worldwide, including overseas service units for Chinese enterprises, staffed by 124 Chinese-speaking professionals dedicated to helping Chinese companies access global markets. Additionally, HSBC has launched a technology innovation fund in the mainland market, providing approximately $1.5 billion—or nearly 10 billion yuan—in credit funds to support high-potential startups and growing enterprises, assisting them in connecting with the world’s top ten innovation hubs. The bank also aids Chinese companies in meeting their financing needs for global expansion.

The CEO believes that in today’s reshaping global economic landscape, such connections are increasingly vital, as economic growth depends on the flow of market ideas and opportunities.

From a broader perspective, he characterized the current global economy with three keywords: uncertainty, innovation, and transformation. Uncertainty is rising, innovation is emerging from new growth engines, and transformation reflects how economies and businesses are evolving their growth models. He concluded that by maintaining an open attitude and working together, new developments can undoubtedly be advanced.