Hong Kong assets under management hits $4.5 trillion after 21% growth
The city's booming asset management industry is boosted by rising interest from family offices, the Wealth Connect scheme and a growing retail investor base.
Hong Kong recorded a 21% year-on-year increase in assets under management (AUM) to reach HK$34.9 trillion ($4.5 trillion) as of the end of 2020, according to a survey published last Thursday (July 22) by Hong Kong’s Securities and Futures Commission (SFC).
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