Payment and Transfer
Loans
General Banking Services
Notes and Coins
As one of the leading international financial centres, Hong Kong is a prime location for financial services and home to many financial institutions. Hong Kong’s financial markets operate under effective and transparent regulations that are in line with international standards.
Located at the heart of Asia, Hong Kong also thrives on close financial integration with Mainland China, extensive networks with the rest of the world, sound legal system, low and simple tax regime, free flow of capital, a full range of financial products, and a large pool of financial talents. The financial sector had a workforce of over 258,000, or nearly 7% of working population in Hong Kong in 2017, and contributed to some 19% of Hong Kong's Gross Domestic Product.
| 2019 | ||
|---|---|---|
| Banking | ||
|
Assets (USD bn) |
3,136 |
|
| Stock market | ||
|
Market Capitalisation (USD bn) |
4,918 |
|
| Bond market | ||
|
G3 and local currency bond issuance |
560 |
|
| Asset management | ||
|
Asset under management |
3,694 |
|
|
of which: private wealth management |
1,161 |
|
| Renminbi (RMB) business | ||
|
RMB deposits (incl. certificates of deposit) |
658 |
|
|
RMB loans and bonds (RMB bn) |
322 |
|
| China’s direct investment | ||
|
Hong Kong’s share of China’s total foreign direct investment & outward direct investment |
63%* |
|
* 2018 statistics
