China’s state economic planner, the National Development and Reform Commission (NDRC), pledged to support more mainland companies seeking cross-border financing in Hong Kong. NDRC official Zheng Chiping said the commission would work with the Hong Kong Monetary Authority (HKMA) to help mainland firms use Hong Kong’s international financial platform to expand financing channels and optimise structures. HKMA chief Eddie Yue said the HKMA looks forward to deepening cooperation with the NDRC to support mainland economic development. The seminar, attended by 200 participants, was the first major event after a 2023 memorandum of understanding between the NDRC and HKMA aimed at boosting cross-border financing and offshore bond market development.