The Rise and rise of
Hong Kong on the back of China and Asia[1]
1. Hong Kong is riding on China's
economic power .
2. Chinese settled equivalent to US
$ 1 trillion of China's trade in RMB in 2014.
3. Over 30 % and 16 % of China's
inward and outward direct investment respectively were in RMB.
4. Hong Kong ranks third in
the World Bank's "Ease of Doing Business" .
5. Hong Kong is third in Global
Financial centres Index after London and New York.
6. 70 of the World's top 100 banks
have presence in Hong Kong.
7. Hong Kong Exchange has reached $
4 trillion in market capitalization.
8. Chinese companies now account
for 95 of the Fortune 500 companies
9. Hong Kong is the fifth FX
activity centre supported by a unique network of real time gross settlement
systems in USD, Euro, RMB and the HKD.
10. Asia contributed to 32 % of
Western firms' global revenues; a rise from 19 % in 2011.
Watch out London. Watch out Tokyo.
Without any risk or responsibility
[1] Based
on a speech by Mr. Peter Pang, Deputy Chief Executive of the Hong Kong Monetary
Authority, at the Asia Treasury Trailblazer Summit 2015, Hong Kong, 30 April
2015.
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