Hong Kong’s asset and wealth management business reports strong growth in 2019

25 August 2020

The SFC latest Asset and Wealth Management Activities Survey found that the assets under management (AUM) of the asset and wealth management business in Hong Kong increased by 20% year-on-year to $28,769 billion as at 31 December 2019.

“Hong Kong’s asset and wealth management business posted strong growth in 2019 despite the challenges facing global markets and we remain committed to further developing Hong Kong as a premier global asset and wealth management centre,” said Mr Ashley Alder, the SFC’s Chief Executive Officer. “The performance of Hong Kong’s financial markets in the first half of 2020 showed that they remain resilient.”

Read more: https://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=20PR78

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