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Empowering Financial Market:
A platform linking Fund Administration Professionals between Hong Kong and the Greater Bay Area
About afa
The Association of Fund Administrators of Hong Kong and the Greater Bay Area (“afa”) was founded in 2019 as a central platform to promote the profile of our fund administration industry, to promote the best interests of service providers on fund administration (or collectively called fund administrators) in Hong Kong and the Greater Bay Area at the time of supporting Hong Kong as the leading wealth and asset management hub.
Our Objectives
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To promote the best interests of fund administrators in Hong Kong and the Greater Bay Area
To promote and profile fund administration industry
To support, complement, and develop fund administration industry for Hong Kong and the Greater Bay Area’s development as an asset management hub
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To be a voice for fund administrators in addressing the requirements and goals of asset managers, asset owners and allocators, and generating useful dialogue with regulators and other industry bodies
To define best practice through the development of industry policy, guidance papers, technical briefings and the outputs of the working groups
To commit to the professional development by active support of industry specific and technical trainings and seminars
Hong Kong and the Greater Bay Area
The Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) comprises the 2 Special Administrative Regions of Hong Kong and Macao, and the 9 municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province.
The development of the Greater Bay Area is accorded the status of key strategic planning in the country's development blueprint. The objectives are to further deepen cooperation amongst Guangdong, Hong Kong and Macao, fully leverage the composite advantages of the three places, facilitate in-depth collaboration and integration within the region, and promote regional economic development, with a view to developing an international first-class bay area.
As the area develops, its influence is likely to extend beyond the geographical boundaries of its city cluster to play a key role in China’s Belt and Road Initiative, serving as a key link connecting countries along the 21st century Maritime Silk Road.
Being the most international city in the Greater Bay Area, Hong Kong is known for its status as international financial centre as well as its renowned professional services including fund administrators. Hong Kong plays an important role in the Greater Bay Area Development. Hong Kong will facilitate and support the economic development of the region. The Outline Development Plan supports consolidating and enhancing Hong Kong's status as international financial centre, business hub and its role as an international asset management centre and a risk management centre, promote the development of high value-added financial services.
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