Finance and Markets

The office is expected to open as early as 2022.

The firm’s remaining stake is being bought at HK$1.91b.

This marks the country’s longest local market down cycle in history.

Hong Kong has a unique role in helping US-based financial services businesses grow in China and the rest of Asia.  This was emphasized by Under Secretary for Financial Services and the Treasury, Ms Julia Leung.

The acceleration in bank lending in Hong Kong has been especially noticeable, according to HSBC.

China and Hong Kong were the only markets where ROE fell in 2009, according to HSBC.

This is because the huge imported monetary stimulus will continue to boost mainland growth, according to HSBC.

The country has historically run a large FDI flow deficit, noted HSBC.

Excess liquidity and very low interest rates will likely prevail given the potential for more capital flows into Hong Kong, according to Macquarie Research.