Assets under management at Hong Kong’s private banks (PBs) and private wealth managers (WMs) in 2019 grew 19% YoY to HK$9,058 billion, notwithstanding social unrest in Hong Kong, challenging global markets and Sino-US tensions. This is a key finding of the annual Asset and Wealth Management Activities Survey by the Hong Kong Securities and Futures Commission (SFC), released on Tuesday. Hong…
AUM of Hong Kong PBs, private WMs up 19% in 2019, topping HK$9 trillion: SFC
