Hong Kong-Macau - Financial Services Hong Kong-Macau - Financial Services
Overview
Statistics on Financial Services sector in Hong Kong
Unit: USD thousands
|
|
2014 |
2015 |
2016 (Estimated) |
2017 (Estimated) |
|---|---|---|---|---|
|
Total Imports |
4,436,130 |
4,763,740 |
4,695,000 |
4,955,000 |
|
Total Exports |
17,407,000 |
19,070,840 |
18,150,000 |
19,839,000 |
|
Import from U.S. |
696,400 |
905,548 |
1,140,000 |
1,254,000 |
|
Export to U.S. |
4,182,600 |
4,053,290 |
4,174,900 |
4,300,135 |
|
Exchange Rate: 1 USD |
7.75 |
7.75 |
7.75 |
7.75 |
Information Source: Census and Statistics Department, Hong Kong SAR Government
Thanks to the free flow of information and capital, trusted legal system, world-class business infrastructure and stable regulatory regime, Hong Kong is a gateway for foreign firms seeking access to the Mainland and the global markets, and for mainland enterprises going global. Hong Kong also positions itself as a major asset management, capital formation, banking and insurance hub.[1]
Sub-Sector Best Prospects
Financial Technology (Fintech)
Opportunities
The Hong Kong SAR Government established the Steering Group on Financial Technologies in April 2015. A report published by the Steering Group noted vast potential for Hong Kong to become a premier Fintech hub, through leveraging its role as an international financial center, the highly developed information and communication technology infrastructure, and ample finance and entrepreneurship talent. In March 2016, the Hong Kong Monetary Authority (HKMA) announced the establishment of a Fintech Facilitation Office to facilitate the healthy development of the fintech ecosystem in Hong Kong and to promote Hong Kong as a fintech hub in Asia.
Web Resources
Major Trade Shows and Events
Hong Kong Asian Financial Forum
Dates: 15-16 January 2018
Venue: Hong Kong Convention and Exhibition Center
Trade Associations and Government Departments
Hong Kong Monetary Authority
Securities and Futures Commission
Office of the Commissioner of Insurance
Financial Services and the Treasury Bureau
Invest Hong Kong
Financial Services Development Council
Hong Kong Trade Development Council
Hong Kong Venture Capital & Private Equity Association
Hong Kong Institute of Bankers
Alternative Investment Management Association
For more information about this industry sector, please contact the U.S. Commercial Service in Hong Kong:
U.S. Commercial Service, Hong Kong
Mr. Gary Kwan, Commercial Specialist
Tel: (852) 2110-8604
Fax: (852) 2845-9800
Email: gary.kwan@trade.gov