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HK’s private wealth AUM reached HK$7.8 trillion in 2017: SFC

Asian Private Banker - SFC and SEC enhance cross-border scrutiny

The private banking and private wealth management industry in Hong Kong accounted for HK$7.8 trillion in assets under management (AUM) at 2017 year-end, the Securities and Futures Commission (SFC) detailed today in its annual Asset and Wealth Management Activities Survey. Some 81% — which translates to HK$6.3 trillion — of AUM within the local private wealth management business is managed…

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