... institutions. Our stock market rank eighth in the world in terms of market capitalization; foreign exchange turnover has the number five ranking. We also have a large banking sector with 80 out of the top 100 banking institutions in the world setting up representation offices or branches here. However, one important element of an international financial center, the debt market, seemed to be ... market. Many favorable factors help to promote US dollar debt transactions in HK in the coming future. The absence of foreign exchange control leads to a huge foreign reserve in the banking secto...

• Word Count: 1707
• Approx Pages: 7
• Grade Level: Undergraduate