Reconnecting with mainland China and the rest of the world is great news for the city. But are policymakers and the finance industry prepared for the post-Covid era?
Another year of travel restrictions would severely test the patience of Hong Kong asset management professionals. But they still have faith in the huge potential of Hong Kong as a gateway for mainland China’s wealth.
Under the Wealth Connect scheme launched on Friday, both mainland and Hong Kong markets are expecting higher capital flow between the two regions.
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.
AsianInvestor's scoop on Markus Egloff leaving UBS for KKR was most read in May 2021, followed by our Asset Management Awards announcements, and rules changes in Singapore and Greater China.
Wealth experts believe the rollout of Wealth Connect could help to entice wealthy individuals and then family offices to establish operations in the city, especially if initial quotas are raised.