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HSBC CEO Noel Quinn vows to help reboot Hong Kong’s economy as city reopens for business after Covid restrictions

  • The London-based CEO was in Hong Kong to attend the finance summit and HSBC-sponsored rugby tournament to lend his support to the city
  • The relaxation of quarantine measures will put Hong Kong back on the international business community’s map and help with the city’s economic recovery, Quinn said

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The HSBC logo is seen on its headquarters in Hong Kong. The bank’s CEO has pledged to support the city’s recovery from the Covid-induced slump. Photo: Reuters

HSBC, Hong Kong’s biggest lender, will do whatever it takes to put the city’s economy back on track in the post-pandemic era despite the challenges posed by the rising global interest-rate cycle, according to its global head.

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The Global Financial Leaders’ Investment Summit and the easing of quarantine measures will help Hong Kong to reboot from the pandemic, Noel Quinn, the bank’s London-based CEO, said at a media briefing on Wednesday afternoon.

“As the international community continues to revisit Hong Kong, we will see the recovery of the domestic economy [next year],” he said.

Quinn was one of the key speakers at the three-day summit last week, the largest financial event in Hong Kong since the pandemic started nearly three years ago.

HSBC CEO Noel Quinn speaks at the Global Financial Leaders’ Investment Summit in Hong Kong on Wednesday. Photo: Sam Tsang
HSBC CEO Noel Quinn speaks at the Global Financial Leaders’ Investment Summit in Hong Kong on Wednesday. Photo: Sam Tsang

During his time in the city he met clients and staff before attending the HSBC-sponsored Hong Kong Sevens rugby tournament over the weekend. Both events are aimed at showing the world the city is back to normal.

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