HSBC Group CEO: Chinese Enterprises Accelerating "Going Global" Highlights Impact of Global Investment Superpower

2026-03-22 11:29:59

China News Service Beijing, March 22 (Tao Siyue) HSBC Group CEO Georges Elhedery attended the 2026 Annual Meeting of the China Development High-Level Forum and stated that Chinese companies are accelerating their “going global” efforts, with strong growth in outward direct investment (ODI), highlighting China’s increasing influence as a major global investor.

He said that structural changes in the trade landscape have created new opportunities and led to the emergence of new economic and trade corridors between China and regions such as Southeast Asia and the Middle East. However, uncertainties caused by tariffs, geopolitical tensions, and military conflicts are also intensifying. Under the “new normal” of the global economy, Chinese companies face new challenges and demands in their international expansion.

“Financial institutions need to keep pace with Chinese companies’ ‘going global’ efforts, accelerate the development of a global linkage network, and tailor integrated innovative financial solutions to meet the different needs at various stages of their internationalization,” Elhedery said.

He believes that financial institutions should view companies as part of a coordinated multinational group rather than isolated entities operating in different regions. Establishing service teams aligned with the company’s structure can provide seamless, standardized financial support at global and local levels. Efficient and convenient global payment solutions, customized trade financing, and innovative currency risk management products and services can help “going global” companies improve management efficiency, optimize working capital management, and mitigate trade settlement risks, enabling them to better seize global opportunities.

In Elhedery’s view, accelerating the enhancement of Hong Kong’s status as an international financial center and offshore RMB hub can further improve the connectivity mechanisms between mainland China and Hong Kong financial markets, providing international investors involved in these markets with more convenient and efficient risk management tools and products. (End)

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