Market participants clamour for more regulatory oversight of the sector.

Market participants clamour for more regulatory oversight of the sector.
92% of respondents to a KPMG survey are already invested in digital assets or plan to do so.
WealthTech venture funding in the Lion City outpaces rest of Asia.
Hong Kong’s private wealth management (PWM) industry is firmly in growth mode, according to KPMG.
The AUM of the city’s private wealth management (PWM) industry is expected to grow six to 10% per annum over the next five years, say wealth managers.
Although they still form a small part of the market, challenger banks are using digital payments as a gateway to wealth management growth, according to a KPMG report.
But only a few have fully integrated ESG-related risks into their enterprise risk management systems.
Asia ex-Japan has far fewer sustainable investing assets than in other parts of the world, despite increasing ESG awareness among the region’s investment community, according to a recent KPMG report
Despite severe challenges, Hong Kong’s fund management industry has a positive outlook over the next five years, according to a report by the Hong Kong Investment Funds Association (HKIFA) and KPMG.
Fintech investments in China totaled about $4.5bn last year, about one-fifth of the amount in 2018, according to a report by KPMG.
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