Blog

Booming asset and wealth management business in Hong Kong

A gist of the blog:

Asia is the major engine for global economic growth in recent years. The fast growing economies in the Asia-Pacific region have accumulated much wealth and brought exciting business opportunities for the financial services of Hong Kong, in particular the asset and wealth management services. Combined fund management business in Hong Kong reached a new height of HK$18300 billion in 2016.The number of unit trusts and mutual funds authorised by the Securities and Futures Commission increased by 12% over the past three years to over 2200. These figures reflect the tremendous development potential of the asset and wealth management business. The Government has in recent years launched a number of initiatives to facilitate Hong Kong's development into a full-fledged fund service centre. We will also further review the tax incentives for the fund industry, in order to enhance our competitiveness in this respect.

September 24, 2017