The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) have jointly established the Northern Metropolis Financial Advisory Taskforce to explore financing solutions that support development of Hong Kong’s Northern Metropolis. The Taskforce will advise on financing and banking services, assess opportunities and related financing needs with a view to proposing practical recommendations to advance projects, and facilitate exchange of expertise to strengthen the banking sector’s financing support for key Northern Metropolis initiatives. It comprises representatives from the HKMA, HKAB and 15 banks with experience in large-scale project financing, while the Chinese Banking Association of Hong Kong will participate as an observer. Taskforce members also conducted a site visit on 21 April to Hung Shui Kiu / Ha Tsuen New Development Area and the Loop to inform subsequent discussions and advice.
Hong Kong Monetary Authority 2026-04-22
Hong Kong Monetary Authority and The Hong Kong Association of Banks establish Northern Metropolis Financial Advisory Taskforce to develop financing solutions
The Hong Kong Monetary Authority and The Hong Kong Association of Banks have established the Northern Metropolis Financial Advisory Taskforce to explore financing solutions for development of Hong Kong’s Northern Metropolis. The Taskforce, comprising the authorities and 15 banks with large-scale project financing experience, with the Chinese Banking Association of Hong Kong as observer, will advise on financing and banking services, assess opportunities and needs, and propose recommendations to strengthen banking sector support for key initiatives.