The Government of Hong Kong SAR to Hold 'China's Global Financial Center Conference' in New York

NEW YORK, Feb. 1, 2011 /PRNewswire/ -- The Government of Hong Kong Special Administrative Region (SAR), supported by InvestHK, the Hong Kong Monetary Authority and the Securities and Futures Commission, has announced that it is to hold a major international conference on the unique advantages that Hong Kong offers the financial services sector as a world-class destination to do business. These advantages go beyond location, encompassing the strength of Hong Kong's financial regulation, its rich pool of professional talent and efficient infrastructure.

The conference will take place on March 1st at New York's Plaza Hotel and will debate two key themes: Hong Kong's role as the gateway to China and its place in the global economy; and the development of Hong Kong as Asia's primary asset management hub.

The conference will be addressed by three of Hong Kong's senior financial figures who together represent the three key components of the territory's financial infrastructure. These are:

• Professor K C Chan, Secretary for Financial Services and the Treasury, Government of the Hong Kong SAR
• Martin Wheatley, CEO, Securities and Futures Commission, Hong Kong
• Eddie Yue, Deputy Chief Executive, Hong Kong Monetary Authority

Following the announcement, Professor Chan, Secretary for Financial Services and the Treasury, Government of the Hong Kong SAR said, "This is an exciting time for Hong Kong. The increasing use of Renminbi-denominated securities has opened up a whole new market, which Hong Kong is ideally placed to be the center of that market.

"With a strong foundation in fund management, we believe there is potential for Hong Kong to become the world's leading asset management center. Our unique position as a gateway to China means we can help overseas managers in their search for investment opportunities as well as access to the country's increasing wealth. Our Government will continue to seek ways to improve Hong Kong's business environment and make it conducive for financial services firms to operate here."

Alongside the keynote speakers, two panels consisting of senior executives from the private sector will discuss the key issues with regards to bridging China and the rest of the world and developing the asset management industry. Speakers will include executives from Deutsche Bank, Credit Suisse, Goldman Sachs, HSBC and Clifford Chance.

Conference webpage: http://www.investhk-ny.com/home.aspx

About Invest Hong Kong

Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas, Mainland and Taiwanese businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As it celebrates its 10th anniversary, Invest Hong Kong has completed over 2,100 investment projects creating over 26,000 new jobs in the first year of operation or expansion and HK$57 billion of investment. For more information, please visit www.investhk.gov.hk.

SOURCE Invest Hong Kong