Financial Dispute Resolution Centre Opens in Hong Kong

On June 19, 2012, the Hong Kong Financial Dispute Resolution Centre opened with the aim of enhancing investor protection and financial dispute resolution.  According to Professor KC Chan who spoke at the opening ceremony, in the wake of the global financial crisis, the Government considered it necessary to establish a financial dispute resolution mechanism to further enhance investor protection.  The opening of the Center followed a two year establishment period beginning with the HK Government’s decision to establish a Centre following public consultation in 2010.