From: “China Securities News” by Li Yu in Hong Kong
Compiler: Fund China

The Hong Kong SFC yesterday announced that the latest survey of fund management activities, as at the end of 2006. Hong Kong’s fund management business combined assets of 61, 540 billion HK dollars, year-on-year growth of 36%. Compared with 2004, the fund management business combined assets in the past two years has increased by 70%.

Worth 61, 540 billion HK dollars fund management business combined assets of Hong Kong’s GDP of 4.2 times, while in 2005 this ratio was 3.3 times. As of the end of June 2007, a total of 2, 001 SFC authorized funds.

Investigations revealed that for the fund management business combined assets of the largest part of the asset management in 2006 was 27.5% of the significant growth; business consultants and other private banking activities respectively 67.1% and 54.5% growth.

2006, in the assets under management valued at 41,340 billion HK dollars, accounting for assets management business are 56%, 2003 and the 53% increase in comparison. Hong Kong SFC, said that the Qualified Domestic Institutional Investors (QDII) scheme to provide a huge opportunity, has already established network of licensed corporations and registered institutions will take this advantage of the fund management business, expected in the Hong Kong Management of the Fund’s assets will be significant growth.

“Fund management business combined assets” including fund management business and the SFC authorized real estate investment trust fund management business. “Fund management business” including asset management, consultancy business and other private banking activities.

Copyright Fund China 2009.

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