At AsianInvestor's recent Women in Asset Management Forum, we sat down to interview Alexa Lam, former deputy CEO of Hong Kong's Securities and Futures Commission.

In the second part of this video interview, Lam says that for Hong Kong to advance it needs more than just financial services and capital markets - it has to encourage entrepreneurship.

While Hong Kong has acted as a superconnector between China and the rest of the world for decades, and since the handover has been a testing-ground for the mainland's capital markets experiments, Lam says these twin roles are coming to an end. She says that with experimental free-trade zones being created on the mainland and Chinese companies increasingly bypassing Hong Kong when reaching out to the rest of the world, her city needs to soon find a new engine of growth.

To listen to the interview extract, please click here.