Hong Kong tops cross-boundary wealth management centre in the world
According to the Global Wealth Report 2026 published by the Boston Consulting Group today (May 27), Hong Kong is now the world's largest cross-boundary wealth management centre. The Report further projects that, from 2025 to 2030, the cross-boundary wealth managed by Hong Kong will grow by 9 per cent on average annually and maintain first place globally, fully affirming Hong Kong's position as a world-leading cross-boundary wealth management centre.
The Financial Secretary, Mr Paul Chan, said, "The National 15th Five-Year Plan clearly supports Hong Kong in strengthening its functions as an international asset and wealth management centre, which is also a key component of Hong Kong's 'Finance +' development strategy. Over the past few years, the HKSAR Government has worked closely with the financial sector to continuously improve the financial infrastructure and ecosystem, expand the range of investment products and risk management tools, and deepen the connectivity with capital markets around the world. Currently, global investors are actively seeking diversified asset allocation. Leveraging the advantages of 'one country, two systems', complemented by free, open, transparent, and predictable economic policies as well as a stable and secure investment environment, and cross-market connectivity, Hong Kong is attracting more and more ultra-high-net-worth individuals and family offices (FOs) to establish a presence and invest in the city."
He said, "Benefiting from the wealth generated by technological innovation and the rapid development of industries related to artificial intelligence, demand for asset and wealth management in the Mainland and the Asian region is set to grow at an accelerated pace. This is expected to open up greater room for development for Hong Kong's asset and wealth management sector. The HKSAR Government will continue to grasp and propel this wave of development to consolidate and enhance Hong Kong's status and function as an international financial centre."
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, "The current term Government strives to reinforce Hong Kong's competitive advantages as a leading asset and wealth management centre. We issued the Policy Statement on Developing Family Office Businesses in Hong Kong in March 2023 and has since implemented various measures, such as providing profits tax concession to family-owned investment holding vehicles managed by eligible single FOs, introducing the New Capital Investment Entrant Scheme (New CIES). The Government will introduce legislative proposals into the Legislative Council next month to further enhance the preferential tax regimes for funds, single FOs and carried interest, so as to further enhance the competitiveness of the tax regimes, and attract more funds and FOs to set up and operate in Hong Kong."
He further said, "While global economic gravity shifts eastward, geopolitical tensions further highlight Hong Kong's role as a safe harbour, reflecting Hong Kong's appeal as an international financial centre. Amid the global environment of heightened geopolitical risks, we will work concertedly with the industry to continue driving the growth momentum of Hong Kong's asset and wealth management industry."
Asset and wealth management is a priority growth area for the financial services industry of Hong Kong. The current term Government has yielded fruitful results through implementation of various measures to develop a vibrant ecosystem for FOs and asset owners. The Government achieved early in September 2025 the target set in the Chief Executive's 2022 Policy Address of facilitating at least 200 FOs to set up operations or expand their business in Hong Kong by the end of 2025, and will strive to further facilitate at least 220 FOs to set up operations or expand in Hong Kong from 2026 to 2028. According to the findings of the study by the consultant commissioned by Invest Hong Kong published in February 2026, there were over 3 380 single FOs operating in Hong Kong as of end-2025. This represents an increase of about 680 offices, or more than 25 per cent, over the past two years. In addition, the New CIES has been steadily attracting global high-net-worth individuals and capital inflows to Hong Kong since its launch in March 2024. As of end-April 2026, Invest Hong Kong has received nearly 3 600 applications, representing an anticipated investment value of about HK$108 billion for the city, demonstrating Hong Kong's competitive edge in the global investment landscape and demonstrates the market's confidence in Hong Kong.
Source: AI-found images
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, led a delegation to Shenzhen today (May 27) to attend the fourth meeting of the Shenzhen-Hong Kong Financial Co-operation Committee. The Committee meeting today carried particular strategic significance against the backdrop that this year marks the beginning of the country's 15th Five-Year Plan with China hosting the Asia-Pacific Economic Cooperation (APEC) 2026 and both Shenzhen and Hong Kong holding related APEC meetings.
The meeting was co-chaired by Mr Hui and the Vice Mayor of the Shenzhen Municipal People's Government and Director General of the Office of the Financial Affairs Committee of the CPC Shenzhen Municipal Committee, Mr Luo Huanghao. The Committee discussed the latest developments of the financial markets and financial co-operation initiatives between Shenzhen and Hong Kong. It also explored suggestions on further enhancing the development of a collaborative market.
Mr Hui said that Shenzhen-Hong Kong financial co-operation has yielded fruitful results. Both cities have facilitated the integration of fintech ecosystems, supported Shenzhen enterprises in listing in Hong Kong, and deepened co-operation in key areas including the development of a regional gold ecosystem and green finance. Meanwhile, mutual market access schemes including Stock Connect, Bond Connect and Wealth Management Connect have been operating smoothly, with a steady stream of user-centric cross-boundary financial services launched to enhance public convenience. Shenzhen is preparing for the hosting of the 33rd APEC Economic Leaders' Meeting in November, while Hong Kong will hold the APEC Finance Ministers' Meeting for the first time in October. These two major flagship events, held in succession with complementary strengths, are set to generate powerful synergies. Hong Kong will continue to leverage the institutional advantages of "one country, two systems" and capitalise on its strengths as an international financial centre to empower technological and innovation industries through financial development and deepen Shenzhen-Hong Kong co-operation. He expressed the hope that both cities would continue to strengthen the alignment of financial regulations and mechanisms, unleash the potential of "Finance+" to strengthen the capacity of the financial sector to serve the real economy, drive high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), and jointly support Mainland key enterprises in going global.
Mr Luo said, since the establishment of the Shenzhen-Hong Kong Financial Co-operation Committee, the two sides have worked hand in hand and taken solid actions to advance financial co-operation from interconnection to in-depth integration, and from mechanism establishment to delivery of outcomes, achieving breakthroughs in multiple areas including financial market connectivity, cross-boundary capital flows and regulatory co-ordination. Looking ahead, Shenzhen will focus on technology finance, further enhancing connectivity, strengthening fintech development, supporting enterprises in going global, expanding wealth management, and building a robust financial risk firewall. Greater efforts will be made to advance Shenzhen-Hong Kong financial co-operation to a higher level, in broader areas and with greater depth.
Established in June 2024, the Shenzhen-Hong Kong Financial Co-operation Committee brings together official members from the financial regulatory bodies of the Central Authorities, Shenzhen and Hong Kong, as well as industry leaders in both places as non-official members to provide insights on Shenzhen-Hong Kong financial co-operation and the development of the GBA's financial infrastructure.
Today, Mr Hui and his delegation also attended the 20th Shenzhen International Finance Expo and visited the Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (Hetao Zone). The delegation toured two Shenzhen enterprises and the exhibition hall of the Hetao Zone to conduct on-site inspections of the latest progress in the collaborative development of finance, technology and innovation between the two cities.
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
SFST leads delegation to Shenzhen for fourth meeting of Shenzhen-Hong Kong Financial Co-operation Committee Source: HKSAR Government Press Releases
