• HONG KONG IS CHINA ’ S SECOND LARGEST TRADING PARTNER
Hong Kong has been instrumental in its success , as it has allowed it to act as the gateway for trade between mainland China and the rest of the world . It ’ s also China ’ s second largest trading partner , after the US .
This winning combination is supported by a population that is fully active in the banking and financial services industry . According to the Hong Kong Monetary Authority , the island provides free flow of capital , a full spectrum of financial products , and a large pool of financial talent .
In a recent report , the HKMA stated : “ The financial sector had a workforce of over 258,000 , or nearly 7 % of the working population in Hong Kong in 2017 , and contributed to some 19 % of Hong Kong ' s Gross Domestic Product .”
HONG KONG
The Hong Kong Stock Exchange is the fourth largest in the world – and the island ’ s low taxes also make it an attractive prospect for commerce . Secondly , the former British colony has been a trusted APAC business hub due to its robust legal framework attracting a large number of key international and investment banks to its shores . And thirdly , the location of
Biggest global banks in Hong Kong
• HSBC
• Hang Seng Bank
• Bank of China ( HK )
• Citibank ( HK ) fintechmagazine . com 87