Hong Kong Strengthens Position as Global Asset Management and Wealth Hub

Hong Kong is fast solidifying its role as a leading global asset and wealth management centre, driven by tax reform, a strong IPO pipeline, and regulation of digital assets. In 2024, assets under management climbed 13% to HKD35tr (USD4.5tr), with private wealth management assets growing 15%. In H1 2025 alone, 46 banks expanded their private banking arms, contributing to 14% asset growth. The city introduced stablecoin regulations and refined its Unified Funds Exemption regime to attract alternative investments. Digital asset transactions surged 233% to HKD26.1bn. With strong forex reserves and backing from China’s wealth growth, Hong Kong is reinforcing its position as Asia’s premier financial hub.