China key to Hong Kong funds industry growth

Hong Kong will be able to maintain its competitiveness in the area of fund management by establishing closer ties with China, introducing a broader range of investment products, and increasing its pool of investment professionals, according to the CEO of the Securities & Futures Commission (SFC), Martin Wheatley.ôLooking ahead, competition is expected to be stiffer than ever and the market will be more volatile this year,ö says Wheatley, who made the remarks at an awards presentat…