Financial & Professional Services Opportunities in Hong Kong

An Expert's View about Insurance, Reinsurance, Pension Funding in Hong Kong SAR

Last updated: 14 Mar 2011

Hong Kong is one of the leading global financial services centres.The introduction of new services presents further opportunities for UK financial, legal, accountancy and other business services companies.

Sector briefing Financial and Professional Services Opportunities in Hong Kong Why Hong Kong Hong Kong is one of the leading global financial services centres. In 09/10 Hong Kong was listed 3rd in the Global Financial Centres. Index, behind London and New York. Hong Kong is particularly strong in insurance, banking and asset management. Links with the UK are very strong and the City of London is virtually replicated here. The Hong Kong Government is committed to ensuring that Hong Kong remains one of the world?s leading financial centres. The introduction of new services such Renmenbi Hong Kong is the regional centre for (RMB) Bond issuance and Islamic finance international capital raising, IPOs and listings, present further opportunities for UK financial, especially for Mainland Chinese-owned legal, accountancy and other business companies. In 2009 Mainland enterprises services companies. accounted for 58% of the total market capitalisation and 72% of the equity turnover. The worldwide economic slowdown in 2008/9 Their share of total equity raised was 55% affected Hong Kong as an international and they remained the major source of new trading city but its banking system was less listings, accounting for 83% of IPO funds affected than those in the West. Hong Kong?s raised in Hong Kong. economy has recovered well, with growth of 5.0% expected in 2010. As a result of the Companies based in Hong Kong are well changing market sentiments caused by the placed to help international companies downturn and its after-effects, there are expand into China and to help companies in particular opportunities for professional the region invest in the UK. For example, advice in mergers and acquisitions, corporate good opportunities exist for helping Hong finance, business restructuring, enterprise Kong and Chinese companies through private health checks, manpower planning and risk management. Individual equity, venture capital and London listings. s are now keener to pursue a higher level of professional training schemes to upgrade their knowledge and skills to cope with the competitive demand. UK Trade & Investment Sector briefing: Financial and Professional Services in Hong Kong Find general information on Hong Kong ? Financial services training  market conditions on UKTI?s website. The ? Financial skills training  Doing Business Guide for Hong Kong gives an ? Islamic finance  overview of Hong Kong?s economy, business culture, potential opportunities and an introduction to other relevant issue. ?The Hong Kong Government is committed to ensuring that Hong Kong remains one of the world?s leading financial centres. The introduction of new services such Renmenbi (RMB) Bond issuance and Islamic finance present further opportunities for UK financial, legal, accountancy and other business services companies? Opportunities Opportunities in Legal Services   ? Commercial  ? Corporate finance  ? Listing law  ? Arbitration and mediation  ? Intellectual property protection  ? IT law  ? Projects, energy and construction law  ? Anti?monopoly law  Opportunities in Financial Services ? Banking and Insurance products  ? Loan financing  ? Foreign exchange dealings given the  increasing demand for Renmeni (RMB)  transactions  ? RMB bond issuance  ? Insurance and medical protection products  ? Private equity funding  ? Mergers & acquisitions  UK Trade & Investment Sector briefing: Financial and Professional Services in Hong Kong If you have any questions on the opportunities above, contact the UKTI] contacts named in this report. Business opportunities aimed specifically at UK companies are added daily to UKTI?s website. These leads are sourced by our staff overseas in British Embassies, High Commissions and Consulates, across all sectors and in over 100 markets. You can be alerted to business opportunities on a regular basis by registering on the UKTI website. Find out more on UKTI?s business opportunities service on the UKTI website UK Trade & Investment Sector briefing: Financial and Professional Services in Hong Kong Proposed Activities and UKTI?s Tradeshow Access Programme (TAP) events provides grant support for eligible Small & Medium Sized Enterprises (SME's) to attend Visit of Lord Mayor of City of London in trade shows overseas. Find out more about Hong Kong and China UKTI support for attendance at overseas Contact: UKTI Financial Services Sector events Group Email: Naomi.Neal@ukti.gsi.gov.uk UKTI contacts Time: 9-18 September 2010 UK Trade & Investment ? London International Mergers & Acquisitions Naomi Neal, Head of Financial Services, Forum in Hong Kong to coincide with the China, Asia Pacific and Americas Lord Mayor?s visit Email: Naomi.Neal@ukti.gsi.gov.uk Contact: UKTI Hong Kong Tel: +44 (0) 207 215 8248 Email: Claire.Ip@fco.gov.uk Time: 10 September 2010 UK Trade & Investment ? Hong Kong Claire Ip, Assistant Trade Commissioner Visit of West Midlands Professional Email: Claire.Ip@fco.gov.uk Services Mission to Hong Kong & China Tel: +852 2901 3154 Contact: Birmingham Chamber of Commerce & Industry Clara Chung, Trade Adviser Email: Email: Clara.Chung@fco.gov.uk S.Cunnane@birminghamchamber.org.uk Tel: +852 2901 3093 Time: 18-22 October 2010 China Financial Services Team?s UK Roadshow Contact: Ben Moody, Business to Business (on behalf of UK Trade & Investment) Email: ben@btob.co.uk Time: December/January 11 (TBC) Leeds in Asia: Financial & Legal Services Seminars in Hong Kong Contact: UKTI Hong Kong Email: Claire.Ip@fco.gov.uk Time: 15-19 November 2010 Sir David Brewer?s Visit to Hong Kong and China Contact: UKTI Hong Kong Email: Claire.Ip@fco.gov.uk Time: End 2010/beginning 2011 Find full details of all events in Hong Kong and the Financial Services sector can be found on the UKTI website. New export events are added daily to the site and you can register to be alerted to them on a daily, weekly or monthly basis UK Trade & Investment Sector briefing: Financial and Professional Services in Hong Kong Next steps - This work is available via our Overseas How UKTI can help Market Introduction Service (OMIS) a chargeable service which assists British-based British companies wishing to develop their companies wishing to enter or expand their business in the Hong Kong market are business in overseas markets. advised to undertake as much market research and planning as possible in the UK. To find out more about commissioning this UKTI?s team in Hong Kong, with its wide local work, or accessing other UKTI services and knowledge and experience, can provide a specialist advice, please visit the UKTI range of services to British-based companies website to find contact details for your local wishing to grow their business in global UKTI office. markets. This can include: ? Provision of market information ? Validated lists of agents/distributors ? Key market players or potential customers in the Chinese market ? Establishment of interest of such contacts in working with you ? Arranging appointments ? Organise seminars or other events for you to meet contacts and promote your company in the Hong Kong market Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2010 by UK Trade & Investment. Crown Copyright © UK Trade & Investment Sector briefing: Financial and Professional Services in Hong Kong
Posted: 29 September 2010, last updated 14 March 2011

See more from Insurance, Reinsurance, Pension Funding in Hong Kong SAR

Expert Views    
Financial & Professional Services Opportunities in Hong Kong   By UK Trade & Investment
Financial & Professional Services Oppty   By UK Trade & Investment
Financial Services Sector   By UK Trade & Investment