HONG KONG - Hong Kong's financial markets have remained vibrant and orderly despite impacts from social disturbances and the COVID-19 epidemic, an official said Saturday. 

A powerful combination of factors, including its prime location, rule of law, high-speed communications, free flow of information and capital, low and simple tax system, continue to make Hong Kong a leading international financial center.

Christopher Hui Ching-yu, Secretary for financial services and treasury, Hong Kong

Hong Kong has seen a strong local currency, capital inflow of over US$11 billion into the banking system since June, rising bank deposits, increasing IPO activities, and robust stock trading, Secretary for Financial Services and Treasury Christopher Hui Ching-yu said during an online seminar with businessmen from Hong Kong and Canada.

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"A powerful combination of factors, including its prime location, rule of law, high-speed communications, free flow of information and capital, low and simple tax system, continue to make Hong Kong a leading international financial center," Hui said, noting that Hong Kong's fundamental strengths remain intact.

Hui encouraged Canadian enterprises to tap on Hong Kong's financial strengths in asset and wealth management and offshore renminbi business to expand and invest in the Guangdong-Hong Kong-Macao Greater Bay Area. 

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