KEYNOTE SPEECH: John Tsang, the Financial Secretary of Hong Kong
Thu Apr 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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