An annual survey released by the Hong Kong Securities and Futures Commission (SFC) this week has revealed that the territory has maintained its position as a major fund management centre in the Asia Pacific region.
According to the SFC's figures for last year, total assets under management grew 0.4% to $1,491 billion. Of these, some 37% were derived from Hong Kong investors, a jump of 23% compared with 2001.
The survey also revealed that companies with Hong Kong as the location of their Asian headquarters grew to 36 in 2002, from 34 the previous year.
Alexa Lam, the SFC’s Executive Director of Intermediaries and Investment Products, announced on Monday that: 'The results of the survey suggest that Hong Kong has maintained its position as a major fund management centre in Asia, attracting overseas funds for management as well as increasing the amount of assets sourced from, managed out of, advised in, and invested in Hong Kong.'
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