Hong Kong is an international financial centre which financial sectors is the cornerstone of the economy. How employees are managed and the ways of reaction are of great value of investigation. There is a need to investigate the organizational management among the financial sectors, i.e. work discipline and resistance in these institutions. In the recent years, fund management market is keep expanding and how the individuals interact with each other in the institutions is of greater and greater attention.
In Hong Kong, financial industry contributes to one-fourth of city’s GDP. Hong Kong is recognized as the leading fund management centre in Asia-Pacific region, with the largest number of international fund managers. It is the second largest exchange-traded fund (ETF) market in Asia in terms of turnover and market capitalization, with average the amount of turnover was US$252 million per day in the first half of the year 2010 and market capitalization reaching US$68 billion as of June 2010. Hong Kong is a major regional fund management centre with the largest concentration of international fund managers in Asia. There is a continuity of remarkable growth in the ETF market. In June 2010, there were 62 ETFs listed in Hong Kong, 19 were added in the first six months of 2010. What’s more, the Mainland China and Hong Kong cooperate to introduce an open-end, index tracking ETF which is back by portfolios of listed stocks in Hong Kong and it is capturing the opportunities under QDII (Qualified Domestic Institutional investor) Scheme.
In the fund management business, it comprises assets management, advisory business and other private banking activities. In the end of 2009, the amount of total asset under management (AUM) of Hong Kong's fund companies was US$1,091 billion, increased 45.4% compared to the previous year. The depth and breadth of investment funds managed in Hong Kong has increased notably in recent years. There is a wide range of investment...