CONFIDENTIAL #
GF 323
9 -
The Financial Sector
20.
The UK has been traditionally very prominent in the
financial services sector, which has been a major growth
area for the Hong Kong
economy
as a whole over the last
decade.
21.
There are 20 UK
banking
institutions conducting
business in
the
territory (7 with full licensed-bank
status).
22.
The insurance
for UK firms,
territory.
field has long been a strong market
with 38 UK insurance companies active in the
(No figures are available to indicate the value
of the UK's market share.)
23.
The international trend
towards deregulation of
securities markets and the globalisation of their activities
has resulted in the establishment of a major UK presence in
this sector. There are 25 registered securities dealers of
UK origins, and 9 registered commodity dealers.
24.
The strong UK presence in the financial sector has
created opportunities for UK investors in such Hong Kong
assets as shares and real
estate.
The value of these UK
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