Chinese investment to account for over half of assets under management in five years, survey by Hong Kong industry body finds

//Chinese investment to account for over half of assets under management in five years, survey by Hong Kong industry body finds

Chinese investment to account for over half of assets under management in five years, survey by Hong Kong industry body finds

Investment from mainland China could account for more than half of assets under management in Hong Kong’s private wealth management industry in five years thanks to the newly launched Wealth Management Connect scheme, according to a local industry body.A survey conducted by the Private Wealth Management Association (PWMA) found that its member institutions expected the increase in investment from the mainland to touch 51 per cent in five years, which it said emphasised the “growing significance…

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By | 2021-10-04T11:35:55+00:00 October 4th, 2021|Business|Comments Off on Chinese investment to account for over half of assets under management in five years, survey by Hong Kong industry body finds