PwC: It is estimated that the total assets under management in the Asia Pacific region will have a compound annual growth rate of 6.8% over the next five years, reaching $35 trillion by 2030.

PricewaterhouseCoopers (PwC) released a report estimating that the assets under management (AUM) in the Asia-Pacific region (excluding mutual funds and secondary market funds) will increase from 23.2 trillion US dollars in the previous year to 34.5 trillion US dollars by 2030, with a compound annual growth rate of 6.8% over the next 5 years (including this year). According to the latest report "Asset and Wealth Management Revolution in the Asia-Pacific Region 2026" released by the accounting firm, AUM registered in Hong Kong is expected to increase from 1.8 trillion US dollars in the previous year to 2.4 trillion US dollars in 2030, with a compound annual growth rate of 5.1% over the next 5 years. Driven by high net worth individuals (assets ranging from 1 million US dollars to 10 million US dollars) and the mass affluent class (assets ranging from 100,000 US dollars to 1 million US dollars), the total client assets in the Asia-Pacific region will increase from 107.2 trillion US dollars in the previous year to 154.3 trillion US dollars by 2030. Based on the above data calculations, the proportion of AUM in Hong Kong to the total client assets in the Asia-Pacific region was approximately 1.7% in the previous year, decreasing slightly to 1.6% by 2030. Guan Weiduan, managing partner of PwC's asset and wealth management industry, stated that despite the rapid growth of client assets in the Asia-Pacific region, asset management companies currently manage less than one-fourth of institutional and retail client assets; in comparison, Europe has a penetration rate of about 40%, and North America even reaches 60%, highlighting the significant and untapped growth potential in the region. Guan Weiduan suggested that the asset and wealth management industry in different regions of the Asia-Pacific can try to adopt an open architecture platform combined with customer journey solutions, or become niche champions, experts with deep expertise in specific segmented markets or capabilities. For example, asset management industries specializing in infrastructure products, real estate products, or private credit in Asia will have a better chance of attracting a larger share of AUM and therefore gaining a larger share of profits. The report also mentioned that demographic changes, massive intergenerational wealth transfer, and government policy support are three major forces converging to bring significant opportunities to asset and wealth management companies in the Asia-Pacific region. In addition, the restructuring of cross-border and domestic capital flows is accelerating the growth and strategic position of major financial hubs such as Hong Kong and Singapore. The report estimates that the revenue from asset and wealth management (AWM) in the Asia-Pacific region will reach 167.9 billion US dollars by 2030, representing an increase of approximately 47.4 billion US dollars compared to 2024. It is worth noting that the private market is expected to account for 59.5% of AWM revenue in the Asia-Pacific region by 2030, an increase of over 4 percentage points from the previous year; active investments will account for 32.8% of AWM revenue in 2030, a decrease of 4 percentage points from the previous year. Guan Weiduan stated that of the additional 47.4 billion US dollars in AWM revenue, over 30 billion US dollars are related to the private market, indicating a high proportion, as management fees for private market products are generally much higher than those of public market products.