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Hong Kong: A leading global wealth management Hub of the future

Hong Kong: A leading global wealth management Hub...

The white paper identifies a window of opportunity for Hong Kong to become a leading global private wealth management hub with 13 recommendations outlined to achieve this vision.

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Hong Kong is home to a well-established private wealth management industry (PWM) that has deep experience in serving high net worth individuals (HNWIs) from China and the rest of Asia. With this strong foundation, the city is at a point where it could develop into something larger – a leading global wealth management hub that sets international standards for both service and innovation, thus attracting significant assets from across the world. 

But to make the leap from a regional to global PWM player, Hong Kong needs to address a range of issues that are critical for the future development of the industry. It is in this context that the Private Wealth Management Association (PWMA) commissioned KPMG to develop a white paper to estimate the economic contribution of the industry, identify growth opportunities, define a vision for the future of the industry and develop recommendations to enhance Hong Kong’s position as a PWM hub. At its core are 13 recommendations that, if realised, will put the city on a par with the world’s most highly regarded wealth management centres.

© 2021 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited  ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

 

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

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