Title:	The Financial Services Sector in Hong Kong (Released on 21/4/2009)
Latest Issue:	-
Release Date:	21 April 2009
Frequency:	Ad Hoc
Language:	Bilingual (Chinese and English)
Enquiry:	Tel: (852) 2802 1269 Fax: (852) 2123 1053 E-mail: business-services@censtatd.gov.hk
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Abstract

Hong Kong has developed into one of the most vibrant international financial centres in the world. The contribution of the financial services sector to Hong Kong's Gross Domestic Product reached some 20% in 2007, almost doubled the figure in 1997. In contrast to the robust performance in earlier years, the financial services sector had seen severe setback in 2008, alongside the global financial crisis which had escalated into a full-blown financial tsunami. This article presents the operating characteristics and business performance of selected industries in the sector between 2005 and 2007. It also briefly highlights the overall quarterly business performance of selected industries in the sector in 2008.

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