Policy Address

Traditional Pillar Industries

Financial Services

98.       The financial services industry, accounting for about 16% of our GDP, is one of Hong Kong's four traditional pillar industries.  We are committed to developing Hong Kong as a global capital formation centre, asset management centre and offshore Renminbi (RMB) business centre to attract capital and talent, with a view to providing world-class, comprehensive and quality financial services in the Asian time zones.

99.       The financial tsunami not only highlighted the need for the international regulatory system to progress with time, but also changed the global financial landscape.  At a time when the international financial order is being reshuffled, and the centre of global economic gravity is shifting to the East, we must grasp the opportunity to continuously enhance Hong Kong's regulatory system and strengthen our advantage of being “part of China but outside the Mainland” under “One Country, Two Systems”.

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