Hong Kong has developed into one of the world's greatest financial centres because of its key position in the global time grid between North America and Europe which enables financial institutions to trade virtually 24 hours a day.Its strong link with China and other economies in Southeast Asia and excellent communications with the rest of the world provides another boost, not to mention the fact that it is one of the least regulated cities in the world allowing capital to flow into and out of the territory.
Hong Kong's financial sector comprises an integrated network of institutions and markets which provide a wide range of products and services to local and international customers and investors. It is the preferred base for regional business with over 700 international companies maintaining regional headquarters in the territory.
Hong Kong's position as a leading financial centre is evident by the decisions by the World Bank and the International Monetary Fund to hold their 52nd annual meetings in Hong Kong in September 1997. More than 10,000 participants from the world financial community, including finance ministers, central bank governors and leading bankers are expected to attend the meetings.
The Better Hong Kong Foundation.