PWMA Report: Customer Confidence in Hong Kong as Top Wealth Management Center Reaches Three-Year High

The Private Wealth Management Association (PWMA) and KPMG China jointly released the tenth "Hong Kong Private Wealth Management Annual Report". The report shows that clients' confidence in Hong Kong as their preferred wealth management center has reached a three-year high. Confidence in the industry has significantly increased over the past year, with all member companies (100%) expressing optimism about the future development prospects of the private wealth management industry in Hong Kong for the next five years, compared to 76% in 2024. Despite geopolitical instability and macroeconomic uncertainties remain major concerns for the industry, the industry remains positive about the overall outlook. In 2025, client confidence continues to strengthen, with 44% of private wealth management companies stating that clients are now more inclined to choose Hong Kong as their preferred wealth management center. In addition, the demand for opening new accounts and asset allocation in Hong Kong has nearly doubled, with 59% of companies reporting an increase in demand, much higher than the 34% last year. The report also points out that Hong Kong's resilience in the face of global economic headwinds and its ability to flexibly respond to changing customer needs are key factors driving continued client confidence. Lucy Lo, Chairperson of the Executive Committee of the Private Wealth Management Association, expressed great satisfaction that Hong Kong has clearly returned to a growth trajectory and is steadily moving forward. The collaborative efforts made by the private and public sectors in the past few years through policy support and market expansion are now beginning to show results. This can be seen in the 15% year-on-year increase in assets under management (AUM) in the private wealth management industry to HKD 10.404 trillion, and a 13% increase in net fund inflows during the year.