News > Border reopening and easing travel restrictions bring a real sense of optimism to Hong Kong banking sector, finds KPMG China

Border reopening and easing travel restrictions bring a real sense of optimism to Hong Kong banking sector, finds KPMG China

The reopening of the border and easing of Covid-19 restrictions were major steps on path towards normality in Hong Kong banking sector, while the Chinese Mainland’s ongoing financial reform will solidify Hong Kong’s role as a financial hub for the nation. However, the sector will continue to cope with challenges posed by the global economic environment, such as high interest rates, rising inflation, and the need to reduce costs, according to KPMG’s latest report.