Hong Kong is Asia Pacific's leading international financial centre (IFC), attracting 70% of the world's largest banks and supporting a stock market that is the world's 7th largest and 3rd most capitalised in Asia.
Advantages include Hong Kong's common law legal system underpinned by an independent judiciary and zero tolerance of corruption, freely convertible currency, low and simple tax system, free flow of information, liberal immigration policies and a deep and broad pool of financial talent. Hong Kong is also China's IFC and largest source of foreign capital for mainland China companies. Hong Kong raised nearly US$8.5 billion in IPOs last year, ranking 2nd in Asia and 5th in the world in terms of total funds raised.Hong Kong is the only economy outside the Mainland to have Renminbi banking se...
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