Hong Kong’s Wealth Management Outlook
Hong Kong’s private wealth assets under management could nearly double to $2.3 trillion by 2030, as China’s growing affluence increases investment through the city’s unique cross-border financial infrastructure. Meanwhile, the financial hub’s family-office lead over Singapore is set to widen as it overtakes Switzerland as the world’s top cross-border wealth center.
Our latest research report from Bloomberg Intelligence looks at Hong Kong’s edge in attracting wealth inflows from high-net-worth individuals across Asia, even as it facilitates diversification overseas. Download your copy now to equip yourself with our most up-to-date insights on Hong Kong’s changing wealth management landscape.
Key highlights:
- Rising Chinese wealth: Despite the country’s property crisis and economic slowdown, mainland China’s household wealth growth may only slow just slightly for the next six years — to 9% annually from 2018-23’s 10%.
- Offshore focus: Chinese demand for higher-yielding offshore investments could rise 16% a year through 2030, with US and Hong Kong interest rates likely remaining higher than in mainland China beyond 2027.
- Hong Kong’s appeal: Hong Kong’s private wealth management industry should benefit from cross-border inflows as visa programs and tax breaks target wealthy migrants and family offices.