The number of licensed jobs in the financial industry has hit a record high as banks and asset managers bet on Hong Kong's efforts to become the world's largest wealth management hub. In the past four months, there has been a net increase of about 830 licensed financial professionals in Hong Kong, bringing the total number to nearly 42,000 in October. Records collected and analyzed by Bloomberg show that this is the most since the registration system was implemented in 2003. Chinese-funded securities firm CITIC Securities and Izzy Englander's $70 billion hedge fund firm Millennium Management are among the companies with the largest number of new licenses.
The number of licensed jobs in the financial industry has hit a record high as banks and asset managers bet on Hong Kong's efforts to become the world's largest wealth management hub. In the past four months, there has been a net increase of about 830 licensed financial professionals in Hong Kong, bringing the total number to nearly 42,000 in October. Records collected and analyzed by Bloomberg show that this is the most since the registration system was implemented in 2003. Chinese-funded securities firm CITIC Securities and Izzy Englander's $70 billion hedge fund firm Millennium Management are among the companies with the largest number of new licenses.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
