Fund management business up 18.6%

七月 21, 2011
Joe Chan

The combined fund management business in Hong Kong reached $10.091 trillion last year, up 18.6% on 2009, suggesting a return of investor confidence in global financial markets and continuing inflows of investment capital into the Asia Pacific region.
This was the message from the Securities & Futures Commission today, releasing the findings of its annual Fund Management Activities Survey.
The study found Hong Kong continued to be a preferred location for international investments. Overseas investors contributed $6.592 trillion (or 66%) to fund management business, excluding real estate investment trusts.
The commission’s Acting Chief Executive Officer Alexa Lam said: "Hong Kong will strive to fortify its position as an international asset-management centre and an offshore renminbi centre. The commission will continue to work with all to capitalise on our robust regulatory framework and local asset-management expertise to attract international investors to select Hong Kong as an investment platform.”

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