Secretary for Financial Services and The Treasury, Frederick Ma says Hong Kong's financial market development will lie in the asset management industry.
In the bureau's latest website column 'FSTB & You,' Mr Ma said that mainland authorities are progressively allowing funds and institutions, such as insurance companies and the National Social Security Fund, to invest overseas.
Mr Ma observed that: "The evolution of the Mainland's financial system is beneficial to the development of our asset management industry. The Government and the market must continue to strengthen our edges to re-inforce our position as an international financial centre."
Mr Ma added that Hong Kong can attract huge global capital to invest in large-scale fund-raising activities.
"Hong Kong possesses many advantages unparalleled in other jurisdictions in attracting Mainland enterprises to seek a listing here. We will keep up our efforts in various areas so as to maintain Hong Kong's competitiveness in financial services," he stated.
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