Hong Kong as an International Financial Centre

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, simple and competitive 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 277,000, or 7.6% of working population in Hong Kong in 2021, and contributed to some 21.3% of Hong Kong's Gross Domestic Product.

Hong Kong Financial Service Sector at a Glance

	2021
Banking
Assets (USD bn)	3,380	Around 200 authorised institutions, including around 3/4 of the world top 100 4 times from 2000
Stock market
Market Capitalisation (USD bn)	5,433	Global #1 in IPO fundraising in 7 out of last 12 years 8.7 times from 2000
Bond market
Arrangement of Asian International Bond Issuance (USD bn)	207	Global #1 for arranging Asian international bond issuance for 6 consecutive years
Asset management
Asset under management (USD bn)	4,558	Asia’s #1 international fund management hub 24 times from 2000
of which: private wealth management (USD bn)	1,357	Premier international private wealth management centre in Asia 22 times from 2003
Renminbi (RMB) business
RMB deposits (incl. certificates of deposit) (RMB bn)	945	World’s deepest offshore RMB liquidity pool
RMB loans and bonds (RMB bn)	395	A broad selection of RMB products and services
China’s direct investment
Hong Kong’s share of China’s total foreign direct investment & outward direct investment	65%	Almost 2/3 of China’s inward and outward investment was originated and intermediated via Hong Kong

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Last revision date : 21 December 2022