Hong Kong’s asset management industry hits near-record US$4.5 trillion on massive inflows

Hong Kong’s asset management industry hits near-record US$4.5 trillion on massive inflows

Hong Kong strengthened its position as a leading global wealth management hub after investors committed major capital to the city last year, lifting assets under management to HK$35.14 trillion (US$4.5 trillion), just shy of an all-time high, before stocks and other instruments delivered hefty gains. Assets under management in the city grew almost HK$4 trillion…

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Hong Kong deepens push into AI, tech to boost its edge over Singapore, Paul Chan says

Hong Kong deepens push into AI, tech to boost its edge over Singapore, Paul Chan says

Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…

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Hong Kong deepens push into AI, tech to boost its edge over Singapore, Paul Chan says

Hong Kong deepens push into AI, tech to boost its edge over Singapore, Paul Chan says

Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…

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