1、The Renminbi Abroad What it means to Hong Kongs Grade A office market 2Advance COMMERCIAL ISSUE No 2 As one of the worlds most vibrant financial centres, Hong Kong is renowned for its wide availability of superlative financial services, all within a business environment characterised by light but ef
2、fective regulation and low taxation. Hong Kongs financial market is supported by a high concentration of banks, alongside other financial institutions, with 44 of the worlds 50 largest banks located in the city, including the big-six from mainland China. The financial and insurance sector has played
3、 a vital role in driving Hong Kongs economic development over the last decade, and today it accounts for about 6% of the citys labour force. Between 2000 and 2010, the number of persons employed in the financial and insurance sector has expanded by over 23%, while the sectors GDP has expanded by over 70%, reaching HKD 262 billion by the end of 2010. Executive Summary 100,000 0 200,000 Finance and
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