Peng Xingtang On Asian Financial Development And Asset Management

< p > the 2014 Asia Financial Forum, CO sponsored by the government of the Hongkong Special Administrative Region and the Hongkong Trade Development Council, was held in Hongkong on January 13th -14.

Peng Xingtang, vice president of the Hongkong monetary authority, chairman of the Finance Market Association, 14, pointed out in the Hongkong: Asia's leading asset management center, the following is a written record: < /p >

< p > Peng Xingtang: Good morning, ladies and gentlemen. Welcome to our party. I am very pleased to discuss this topic with professionals from different parts of the asset management system.

We will discuss whether we can take Hongkong as an asset management center in Asia and discuss the opportunities, challenges and relevant conditions of Hongkong's future asset management center.

If you have any questions to ask the guest, write the question on paper and hand it to the staff.

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< p > I would like to give a brief introduction to the background. The financial development in Asia in my view is mainly driven by three big trends.

First of all, the wealth of the region is growing, so there will be a demand for high quality < a href= "//www.sjfzxm.com/news/index_p.asp" > financial services < /a >.

The second is that more and more international investors will deploy their assets in Asia, which will also require them to deploy their assets to Asia for the structural challenges faced by developed countries.

In the mainland's financial management and cross-border marketing, the role of the renminbi will also raise the level of financial services here.

It is precisely because of these major trends that Hongkong has the opportunity to seize this historic opportunity to become Asia's leading asset management centre.

In terms of offshore renminbi business, Hongkong has become the leading leader in major asset management.

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< p > in the next few years, < a href= "//www.sjfzxm.com/news/index_p.asp" > Hongkong < /a > will further strengthen its status as an international financial centre.

The theme of today's discussion is asset management. Hongkong's achievements in this regard over the past ten years are impressive.

In ten years, Hongkong's assets management reached 1 trillion and 600 billion, an increase of 400%.

Many large asset management companies now have institutions in Hongkong. In recent years, Hongkong has also become Asia's fastest growing asset management centre outside Japan.

A series of funds and capital are listed on the Hongkong market. In the field of private wealth management, we also see that the development of Hongkong's private banking business is also very fast, mainly because we have recently adopted a new trust law.

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< p > in addition to < a href= "//www.sjfzxm.com/news/index_p.asp" > asset management < /a >, we also note that there are more and more institutional investors in Hongkong, including a variety of funds, including insurance funds, and so on to establish their own institutions in the market.

It is precisely because of these reasons that asset owners can come to Hongkong to make their assets well managed.

These opportunities do exist in Hongkong. Our job is to ensure that Hongkong has a good software environment, including appropriate policies and laws to regulate the environment.

At the same time, Hongkong was also faced with competition from other financial centres in the region, and our spokesman later talked about these issues.

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