Hong Kong’s private wealth management assets reached HK$5.2trn ($670bn) in 2016, growing by 9% and increasing their share of the overall fund management business in the territory, according to a report by the Securities and Futures Commission.
Category: Hong Kong
Hong Kong tops global competitive ranking
Hong Kong and Singapore ranked first and third as the most competitive countries in the world, with Switzerland coming in second, according to the 2017 IMD World Competitiveness Ranking.
Shenzhen-HK link to create world’s largest market
On December 5, the Shenzhen stock exchange will link with Hong Kong’s, which is already connected to Shanghai’s bourse. The tri-city set up will create the largest stock market in the world by volume.
Mainland hedge fund managers target Hong Kong
More onshore managers are looking at Hong Kong as a place to launch offshore products.
SFC sees China risk for HK markets in 2016
Hong Kong’s markets fell year-on-year during 2015 and China concerns put them at risk in 2016, according to an SFC report.
HK, China mutual recognition of funds to take off 1 July
The Securities and Futures Commission and the China Securities Regulatory Commission today said they have signed a cooperation pact for the initiative and agreed on the implementation principles. “The mutual recognition of funds initiative is a major breakthrough in the opening up of the mainland’s funds market to offshore funds,” the SFC’s chairman Carlson Tong […]
Hong Kong Singapore wealth centres catching up
Even as Switzerland remains the world’s largest wealth management centre, other locations such as Hong Kong, Singapore and the US are also catching up rapidly, according to research from Deloitte.
HK investors positive on markets
A majority of Hong Kong investors have a positive outlook on global and local markets in 2015, led by upbeat sentiments toward emerging markets and increased confidence in Chinese equities, according to a survey by J.P. Morgan Asset Management.
