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DatabankAugust 1 2012

Hong Kong enjoys FOS appeal

Beijing boasts the highest levels of asset values for IFCs among local players, but it is Hong Kong that ranks top in volumes of foreign-owned subsidiaries' assets, and it remains the go-to Asian financial centre for foreign businesses.
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To understand the true appeal of the world’s international financial centres (IFCs) to the banking sector, The Banker has compiled both a table of locations where lenders’ holding companies are domiciled and one detailing the aggregate assets of foreign-owned subsidiaries present in a certain financial hub.

An analysis of these rankings gives a better understanding of whether the strength of the IFCs comes from the local or the international market and may also give an indication of how attractive their regulatory environment is to foreign players.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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