KEYNOTE SPEECH: John Tsang, the Financial Secretary of Hong Kong
April 21, 2011
In his keynote address, John Tsang, the Financial Secretary of Hong Kong, explained why Hong Kong makes such an attractive base for hedge fund managers
Introduction by V-Nee Yeh, Argyle Street Management and member of the Executive Council of the Government of HKSAR
V-Nee Yeh set the scene for John Tsang’s speech by saying that Hong Kong market has the attributes of the three Cs: consistency, credibility and competitiveness. “It is consistent because despite going through six market bursts since 1999, its regulatory structure has remained unswerving and coherent. It is credible because it has been predictable and transparent, instead of reacting whimsically to the vagaries of market behaviour. It is competitive, as validated by your [Tsang’s] presence and your interest in this market. So it is with pleasure that I introduce John Tsang, the Financial Secretary, so that he can share further insights with us.”
John Tsang: Since the turn of the century, the global hedge fund industry has seen some remarkable developments. Back in the year 2000, total industry assets stood...
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