Private Wealth Management Association: Hong Kong's private wealth AUM exceeds 12.95 trillion, client confidence at a three-year high.

The Hong Kong Securities and Futures Commission recently released the results of the "2025 Asset and Wealth Management Activities Survey." The Private Wealth Management Association (PWMA) pointed out that they are pleased with the continued strong growth momentum of the private banking and private wealth management sectors in Hong Kong in the new year. According to the survey data from the Securities and Futures Commission, the asset management scale in this field in 2025 increased by 24% year-on-year to HK$12.95 trillion, surpassing the historical high of HK$10.58 trillion in 2021, setting a new record. In the "2025 Hong Kong Private Wealth Management Report," the association further pointed out that clients' confidence in Hong Kong as their preferred wealth management center has reached a three-year high. All member institutions of the association are optimistic about the industry's prospects for the next five years, reflecting the market's continued confidence in Hong Kong's wealth management ecosystem. Looking at the overall market, the total scale of the asset management industry in Hong Kong in 2025 increased by 20% year-on-year to HK$42.2 trillion, reaching a historical high, with net inflows of funds nearly doubling compared to the previous year. About 70% of managed assets come from institutional and corporate investors, indicating the market's increasing recognition of Hong Kong's regulatory system, market infrastructure, and investment capabilities. The above data further solidifies Hong Kong's leading position as an international wealth management center. The Boston Consulting Group previously ranked Hong Kong as the world's largest cross-border wealth management center. In the private wealth management sector, the asset management scale of investors from mainland China increased by 26%, confirming Hong Kong's unique role as a "super value-added intermediary" that integrates domestic and international investment opportunities. The mutual access mechanism played a key supporting role in this process. As of the end of March 2026, the number of investors in the "Wealth Management Connect" southbound channel increased by 27.6%, and the cross-border wealth management mutual access continued to deepen. PWMA expressed its expectation for cross-border investment channels to further expand in a prudent, orderly, and sustainable manner, including the continuous optimization of the Wealth Management Connect plan to promote two-way capital flow. Looking ahead, under the leadership of Chairperson Lo Choi-yun and Vice Chairperson Kam Yu-man, the new Executive Committee of the PWMA (for the 2026 to 2028 term) will focus on talent cultivation, industry collaboration, and policy dialogue to help the private wealth management industry in Hong Kong enter the next phase of growth. The association stated that it will continue to work closely with the government, regulatory agencies, and industry stakeholders to strengthen the long-term competitiveness of Hong Kong as an international asset and wealth management center.