What’s fuelling Hong Kong’s wealth comeback? Three drivers, says US$10bn IAM

A confluence of factors is redirecting wealth towards Hong Kong, which will further stoke competition between independent wealth managers and private banks for a larger share of capital and talent, Kenny Ho, founder and managing partner, Carret Private, told Asian Private Banker. The strong Hong Kong IPO market has minted many wealthy Chinese individuals. Meanwhile, Taiwan’s AI and chip-led boom…

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