Opalesque Industry Update - A survey published today by the Securities and Futures Commission (SFC) found that the asset and wealth management business in Hong Kong recorded a 2% year-on-year increase in assets under management (AUM) to $35,546 billion (US$4,558 billion) as at the end of 2021. Net fund inflows during the year reached $2,152 billion (US$277 billion), up 6% from 2020. The AUM of the asset management and fund advisory business conducted by licensed corporations and registered institutions increased 8% to $25,888 billion (US$3,320 billion). "The survey findings underscore the core strengths of the asset and wealth management industry in the fast-changing, challenging environment," said Ms Christina Choi, the SFC's Executive Director of Investment Products. "The SFC will continue to support the development of Hong Kong as a premier global asset and wealth management centre and preferred fund domicile." Other highlights of the survey include:
- Assets held under trusts increased 5% to $4,719 billion (US$605 billion). Press release Bg Survey here: Article source - Opalesque is not responsible for the content of external internet sites |
Industry Updates
Hong Kong's asset and wealth management business remained resilient in 2021
Wednesday, July 20, 2022
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