[SFC]Hong Kong’s asset and wealth management business reached $24,270 billion in 2017

The Securities and Futures Commission (SFC) today released the findings of its annual Asset and Wealth Management Activities Survey, previously known as the Fund Management Activities Survey, which shows that the asset and wealth management business (Note 1) in Hong Kong amounted to $24,270 billion (US$ 3,108 billion) (Notes 2 and 3) as at 31 December 2017.

To provide a more comprehensive overview this year, the scope of the survey has been extended to cover private banking and private wealth management clients’ accounts (Note 4).

“The survey findings illustrate the sustained growth of Hong Kong’s asset and wealth management industry. This is fully in line with our determination to further develop Hong Kong as a full-service global asset management centre and a preferred place of fund domicile,” said Mr Ashley Alder, the SFC’s Chief Executive Officer.

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