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Published byHortense Matthews Modified 5年之前
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CEPA & Hong Kong’s New Opportunities in the Pearl River Delta
HKCPEC CEPA & Hong Kong’s New Opportunities in the Pearl River Delta Financial Services Mr Vincent Kwan Chief Economist Hang Seng Bank 12 December 2003
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The Rise of Financial Services
Hong Kong’s Financial and Business Services (2002) Employment 474, % Establishment 51, % Value Added % (HKD Billion) Exports of Financial Services % % of Total
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Banking is a Cross-Border Service
International Financial Centre’s Activities (1) Domestic Banking Domestic Depositors Domestic Borrowers (2) International Banking Domestic Foreign Foreign Depositors Foreign Borrowers (3) Off-shore Market
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Hong Kong No Stranger to Cross-Border Banking
(HKD Bn) Banking Sector External Assets - FIs 2,543 2,398 - Non-FIs 2, External Liabilities - FIs 4,023 1,432 - Non-FIs Total Assets/Liabilities 8,397 5,999
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Changes Brought By CEPA
Easier Access to Mainland Market CEPA Greater Convergence RMB Financial Services in Hong Kong
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Benefitting Mid-Size Banks
Dec 2002 May 2003 Total Assets Mainland (USD Bn) Branches 匯豐銀行 恒生銀行 東亞銀行 星展銀行 (道亨銀行、DBS廣安銀行、海外信託銀行)* 南洋商業銀行 上海商業銀行 中信嘉華銀行 中國工商銀行 (亞洲) 永隆銀行 大新金融集團 (大新+豐明銀行) 永亨銀行 7.3 1 廖創興銀行 5.0 1 港基銀行 集友銀行 3.6 2 浙江第一銀行** 亞洲商業銀行 1.7 1 註:* 從2003年7月21日起,三行合併為星展銀行 (香港) ** 2002年2月數字 資料來源:各銀行年報
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Green Light for RMB Business
WTO Pledge 13 cities in 2 years 16 cities in 3 years 20 cities in 4 years All cities in 5 years To local firms in 2 years To local individuals in 5 years CEPA Relaxes Other Requirement From 3 years operation history to 2 years From 2 years profit history for individual branch to all branches together
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Convergence Brings Stronger Demand
Real Estate Manufacturing Retailing Accounting Legal Telecom Financial Services (Banking, Insurance, Capital Market) Mainland H-Shares Relaxing Capital Outflow RMB Transactions in Hong Kong
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RMB Financial Transactions In Hong Kong
China Exchange Deposit RMB Credit Card Remittance One Small, But Important Step
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Changes Ahead Foreign Buying of HK FIs
Establishment of Mainland Fls in HK Listings of SOEs in HK Integration of Mainland / HK Operations
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