Paul Chan: Domestic and international funds cast a vote of confidence; Hong Kong's asset management industry has promising growth

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Goldmoney reports that on May 31, the Financial Secretary of the Hong Kong SAR Government, Paul Chan Mo-po, published a blog post stating that domestic and overseas funds are casting a vote of confidence in Hong Kong, and the growth of Hong Kong's asset management business is significant. He mentioned that an international consulting firm recently released the 2026 Global Wealth Report, estimating that Hong Kong's cross-border wealth management assets last year grew by 10.7% year-on-year to approximately HKD 23 trillion, surpassing Switzerland to become the world's leading cross-border wealth management center. It is expected that from now until 2030, the cross-border wealth managed by Hong Kong will grow by about 9% annually, with a growth rate higher than Switzerland. This is a vote of confidence from domestic and overseas funds in Hong Kong's institutional and investment environment. He noted that according to the Securities and Futures Commission's annual "Asset and Wealth Management Activities Survey," Hong Kong's asset management business has a total value of over HKD 35 trillion, with 54% of the funds coming from investors outside mainland China and Hong Kong, reflecting the continued internationalization of Hong Kong's asset management industry. From a trend perspective, Hong Kong's asset management business is growing significantly; over the ten years from 2015 to 2024, asset scale has doubled, and the number of asset management institutions has nearly doubled. (Xinhua News Agency)
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