HKMA's Chan will champion Hong Kong's asset management industry
HKMA chief sets out five-year vision as he nears second term
The Hong Kong Monetary Authority (HKMA) will "put more emphasis" on promoting the country's asset and wealth management industry in the next five years, according to its chief executive, Norman Chan.
Chan will start his second term as chief executive in October, and published his ‘vision for the HKMA in the next five years' on the central bank's website last week.
He noted that, at present, around 70% of the asset management activities conducted in Hong Kong involve customer relationship
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