Hong Kong's financial markets is a key factor in attracting global capital. There are no foreign exchange controls in Hong Kong, and capital can flow in and out freely, which greatly facilitates family offices in their global asset allocation. In the latest released "Economic Freedom of the World Annual Report", Hong Kong was rated as the freest economy in the world. Hong Kong ranks first in Asia and second in the world in crossborder wealth management.
In addition, the depth and liquidity of Hong Kong's financial markets are also iran phone number list a reflection of its financial openness. The Hong Kong stock market is one of the most active markets in the world, with a market capitalization of more than US$4 trillion and an average daily trading volume of approximately US$14 billion, about 13 times that of Singapore, providing investors with more diversified and liquid investment opportunities.
In terms of market size, as of the end of April , there were 2,606 companies listed on the Hong Kong Stock Exchange with a total market value of approximately US$417.16 billion. There are 623 companies listed on the SGX with a total market capitalization of approximately US$578 billion, less than 15% of the Hong Kong Stock Exchange. From the perspective of market liquidity, the average monthly transaction volume of SGX from January to April was less than 10% of the average monthly transaction volume of Hong Kong Stock Exchange.