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Hong Kong wealth business up 2% in 2021

A survey published by Hong Kong's Securities and Futures Commission (SFC) showed that assets under management in the city rose 2% year-on-year to HKD35.54tr as of the end of 2021. Net fund inflows also reached HKD2.15tr, up 6% from 2020. SFC executive director of investment products Christina Choi, said the regulator will continue to support the development of Hong Kong as a premier global asset and wealth management centre and preferred fund domicile. Throughout 2021 and into 2022, Hong Kong continued to take initiatives to advance its position as an asset and wealth management hub. The introduction by Hong Kong in recent years of new fund structures, namely the open-ended fund company (OFC) structure administered by the SFC and the limited partnership fund (LPF) structure administered by the Companies Registry (CR), have proved popular.

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