Investor Presentaiton

The evolution of Hong Kong as a financial centre Financial sector's contribution to GDP1 2005-2010 average annual growth: 9% vs. 4% growth rate of GDP HKDbn % 2,000 15.2 15.4 18 16 12.7 11.9 14 1,500 12 10 1,000 500 236 262 151 172 0 2000 2005 Value Added from Financial Sector 2009 2010 GDP % of GDP 8 6420 Profitability of the financial sector (Y-o-Y growth of PBT & RoA)² 30% 20% 10% 0% (10%) (20%) (30%) (40%) 2006 2007 2008 1.60% 18% 1.01% 1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 2009 2010 2011 A good place to do business A mature and competitive financial industry1: Currently 153 fully licensed banks in HK - ~10,000 financial services companies in HK - Employ over 220,000 staff- more than 6% of total employment • World's largest Initial Public Offering (IPO) market in 2010 and 20112 • World's sixth-largest exchange, as measured by market capitalisation² Approximately USD1.3trn in AUM in Hong Kong fund management sector² Leading hub for hedge funds investing in Asia² • Second-largest hub for Private Equity funds in Asia² • Premier offshore RMB business centre • Largest hub for Qualified Foreign Institutional Investors (QFII) and Qualified Domestic Institutional Investors (QDII) managers² ⚫ AAA sovereign credit rating of HK SAR by S&P Notes: y-o-y grow th of pre-tax operating profit (Lhs) Post-tax return on average assets (Rhs) 1 Census and Statistics Department, HK SAR 2 HKMA 14

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