Nikkei Asia reports that banks, investment managers and insurers have boosted their footprint in the Central BusinessDistrict by just under 200,000 square feet (18,580 square meters) over the past three years, largely fueled by mainland Chinese companies’ initial public offerings in the financial hub, according to commercial real estate advisory CBRE.

(photo credit Nikkei Asia)

“In one of the biggest deals over the past 12 months, China CITIC Bank leased six floors at a property owned by Hong Kong-British conglomerate Swire Group, while investment manager China International Capital Corporation this year expanded its office at the 118-story International Commerce Centre, Hong Kong’s tallest skyscraper.”

“Hong Kong is and will continue to become an important market for many Chinese financial companies,” Marcos Chan, head of research at CBRE, told Nikkei Asia. “There is still plenty of room for them to gain market share in the city as the financial and investment markets between Hong Kong and mainland China further open up.”