Speech by SFST at launch ceremony of Platform and Nominee Services of HKEX Integrated Fund Platform (English only)

Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the launch ceremony of the Platform and Nominee Services of the Hong Kong Exchanges and Clearing Limited (HKEX) Integrated Fund Platform today (October 28): Bonnie (Chief Executive Officer of the HKEX, Ms Bonnie Chan), distinguished guests, ladies and gentlemen, Good afternoon. It is a great pleasure of mine to join you today at the launch ceremony of the Platform and Nominee Services of the Integrated Fund Platform. I would like to congratulate HKEX on this important milestone, and to thank the SFC (Securities and Futures Commission), the industry task force, and all the participating distributors, fund houses and transfer agents for their partnerships in bringing the platform to this stage. Hong Kong is the world's largest cross boundary wealth management centre, and our assets under management (AUM) reached a record high of $42.2 trillion as at the end of last year, with a year-on-year increase of 20 per cent. Net fund inflows almost tripled year-on-year to $2.1 trillion. More than half of these assets are sourced from investors outside the Chinese Mainland and Hong Kong. Thi

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