Financial and Legal Services

Financial and Legal Services cover banking, insurance, stock brokerage, asset management, accounting, auditing, bookkeeping and legal services. As a major international financial centre, Hong Kong is noted for its sound financial infrastructure, high regulatory standards and a trusted legal regime. Hong Kong is therefore recognised as a renowned asset management, banking and insurance hub resulting in a vast resource of financial and legal expertise. According to statistics, the financial and insurance sector accounted for 17.7% of Gross Domestic Product (GDP) in 2016. For legal services, Hong Kong is the international law capital of Asia with a total workforce of over 25,000 personnel, including around 10,000 practising solicitors and barristers. Hong Kong, as an international financial centre with a robust financial system as well as a well-established legal system, could be fully capable of turning those challenges into opportunities.