The FSDC is a high-level, cross-sectoral advisory body to promote the further development of Hong Kong's financial services industry and to map out the strategic direction for development.
What is the Hong Kong Financial Services Development Council (FSDC)?
The FSDC was established in 2013 by the Hong Kong Special Administrative Region Government as a high-level, cross-sectoral advisory body to engage the industry in formulating proposals to promote the further development of the financial services industry of Hong Kong and to map out the strategic direction for the development. The FSDC has been incorporated as a company limited by guarantee with effect from September 2018 to allow it to better discharge its functions through research, market promotion and human capital development with more flexibility.
Its main objectives are to:
- advise the Government on strategies and measures to expand the scope of the financial markets of Hong Kong and enhance the competitiveness of Hong Kong as an international financial center;
- support the financial services industry of Hong Kong in developing the core competence and knowledge of its practitioners; and
- promote the financial services industry of Hong Kong and Hong Kong as an international financial center in the Mainland and overseas.
Chiffres clés : FSDC
Trust in the rule of law
Hong Kong's commitment to the rule of law has been integral to its growth as a financial center.
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Hong Kong’s legal system is highly ranked internationally and noted for its well-established common law heritage.
Businesses from all over the world have been drawn to open offices in the city for the reason that they can operate in and be protected by a just legal system.
The Basic Law, a fundamental constitutional document of Hong Kong, ensures that the legal system here will continue to give effect to the rule of law.
New Connectivity
Hong Kong enjoys the dual advantage of being a part of China while maintaining the global networks.
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Cross-boundary Stock Connect schemes link the Stock Exchange of Hong Kong with those of Shenzhen and Shanghai.
Bond Connect allows international investors to access the sizable domestic Chinese interbank bond market.
The Mainland-Hong Kong Mutual Recognition of Funds Scheme was created to develop Hong Kong as a global asset management centre.
Under the initiative of Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Hong Kong is well positioned to create value for both Chinese and international firms looking to participate in GBA commerce.
Catalyst for change
Our reputation for connectivity and financial services are conducive to shaping tomorrow's economy and pioneering fresh approaches to finance.
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A new listing regime has been put in place to make it easier for biotechnology and innovative companies to list in Hong Kong.
Leveraging its expertise in innovation and technology in the context of the Greater Bay Area, Hong Kong has the potential to play a leading and integral role in enabling technological disruption.
The city has been taking a proactive approach by attracting talents from around the world and offering a number of liquidity options for innovative firms seeking public or private capital.
Driving regional growth
An integral trading hub and one of Asia’s premier financial centers, Hong Kong is a vital market for companies trading in the region.
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Hong Kong is perfectly placed to enable and support Asia’s growth, in which much comes from the Greater Bay Area (GBA) - a Chinese Government strategic initiative to establish a globally competitive economic cluster which covers nine municipalities in southern China’s Guangdong province and two special administrative regions of Hong Kong and Macao.
Quick facts about GBA:
- GDP: over US$1.6 trillion (more than that of Australia). By 2030, the region’s GDP could top US$4.6 trillion
- Population: over 70 million (more than that both the UK and France)
- Land area: over 56,000 square kilometers, less than 1% of China’s landmass but produces 37% of China’s total exports and generates 12% of its GDP