Hong Kong’s PB, PWM AUM declined in 2018: SFC

26 July 2019 | 2 minutes read

Hong Kong’s private banking and private wealth management industry saw a 2% drop in client assets in 2018, according to the SFC’s annual Asset and Wealth Management Activities Survey report, released on Friday. Combined assets declined to HK$7,624 billion despite net fund inflows of HK$379 billion. The SFC said respondents generally attributed the decline to weaker market performance at the…

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