Chart 2
Chart 3
HK$ Million
HK$ Billion
250
300
4
Financial and Monetary Affairs
Equity Funds Raised Through IPOs
250
200
150
263
233
195
169
100
50
90
0
2012
2013
2014
2015
2016
Year
HKFE Turnover of Derivatives
200
190
150
188
142
100
130
120
50
0
2012
2013
2014
Year
2015
2016
Asset Management Hub
Hong Kong is well placed as Asia's premier asset management centre amid huge demand for wealth and asset management services on the Mainland and the city's strong nexus with the rest of Asia. The asset management business is highly international, with about 69 per cent of the assets under management, excluding real estate investment trusts (REITs), coming from investors outside Hong Kong'.
The city has a strong asset management foundation and world-class financial infrastructure. At the end of 2016, 1,340 companies were licensed by or registered with the SFC to carry out asset management business locally, up 13.8 per cent from end-2015.
The government, together with other agencies, works to provide a conducive operational, regulatory and tax environment as well as easier access to other markets, thereby growing a full spectrum of asset management activities.
1 Figures are quoted from the Fund Management Activities Survey for 2015, an annual SFC survey about the general
state of affairs in the local fund management industry.
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