Hong Kong, Asia's leading financial centre
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2025 Summits in Hong Kong & Singapore
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.











Hong Kong SFC Asset & Wealth Management Report 2021: $4.55 trillion AUM, Private Banking & Private Wealth AUM $1.35 trillion, 54,003 Headcount

23rd July 2022 | Hong Kong

The Hong Kong Securities & Futures Commission (SFC) has released the Hong Kong Asset & Wealth Management Report 2021 titled “Asset & Wealth Management Activities Survey 2021”, providing on overview on Asset Management, Wealth Management, Private Banking, Trust, and Hong Kong as an Offshore Renminbi Centre in 2021.  Key findings include total Asset & Wealth Management AUM in 2021 at $4.55 trillion (+2% YOY), Private Banking & Private Wealth AUM at $1.35 trillion (-6% YOY), Asset Mgmt & Fund Advisory AUM at $3.32 trillion (+8% YOY) and a total headcount of 54,003 in 2021 with 62% of headcount in Sales & Marketing roles.  65% of assets are from non-Hong Kong investors while 35% are from Hong Kong investors.  For Asset Management & Fund Advisory business, the largest client segment (45%) are Corporations / financial institutions / funds and the 2nd largest (12%) are Governments / sovereign wealth / central banks.  For Private Banking & Private Wealth Management business, the largest client segment (45%) are Corporations / financial institutions / funds, the 2nd largest are individuals (25%) and the 3rd largest are family offices & private trust (17%).  More info below including profile of investors and investors asset allocation. View Full Report: HK SFC

“ $4.55 trillion AUM, Private Banking & Private Wealth AUM $1.35 trillion, 54,003 Headcount “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2025 Investment Day
Hong Kong | Singapore
March / July / Sept / Oct / Nov

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place in Hong Kong and in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2025 Family Office Summit
10th April & 16th Oct Hong Kong St Regis | 17th April & 6th Nov Singapore Amara Sanctuary Resort

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2025 Family Office Summit | Register here


2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore

Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





Hong Kong SFC Asset & Wealth Management Report 2021

Hong Kong, Asia’s leading financial centre

2021 Key Findings:

  • Asset & Wealth Mgmt AUM: $4.55 trillion (HKD 35.5 trillion), +2% (YOY)
  • Private Banking & Private Wealth AUM: $1.35 trillion (HKD 10.5 trillion), -6%*
  • Asset Mgmt & Fund Advisory AUM: $3.32 trillion (HKD 25.8 trillion), +8% (YOY)
  • Assets held under Trust: $605 billion (HKD 4.71 trillion)
  • Asset & Wealth Mgmt Net inflow: $277 billion (HKD 2.15 trillion)
  • Assets from non-Hong Kong investors: 65%
  • Assets from Hong Kong investors: 35%
  • Headcount in Asset & Wealth Mgmt: 54,003, +12% (YOY)
  • HK Domiciled SFC Authorised Funds: 865, +7% (YOY)
  • HK Domiciled SFC Authorised Funds AUM: $192 billion (HKD 1.49 trillion), +5% (YOY)
  • Licensed Corporations Type 9 Regulated Activity (Asset Mgmt): 1,979, +5% (YOY)
  • Mainland-related licensed corporations & registered institutions: 407, +3% (YOY)
  • Registered open-ended fund companies: +500% (YOY)
  • Asset & Wealth Management Business Staff Profile: 62% (Sales & Marketing function)

*(YOY, Mainly due to decrease in investment value)

 

1) Private Banking & Private Wealth Management

Overview:

  • Private Banking & Private Wealth AUM: $1.35 trillion (HKD 10.5 trillion), -6%*
  • Decrease was mainly due to changes in the values of listed equities and bonds held by clients
  • Net fund inflows amounted to $638 billion in 2021 (2020: $656 billion)
  • 50 licensed corporations and 42 registered institutions reported that they had conducted private banking or private wealth management business during the survey period.
  • Total number of staff engaged in the private banking and private wealth management business increased by 4% to 8,406, of which 2,909 were Private Wealth Management Relevant Practitioners
  • 52% of the total AUM by the private banking and private wealth management business were sourced from non-Hong Kong investors, most of which were from the Asia-Pacific region.

A) Private Banking & Private Wealth Management – by Investor Base

Hong Kong 2021 Private Banking & Private Wealth Investor Base
  • Hong Kong: 48%
  • Mainland China: 16%
  • Rest of Asia-Pacific: 15%
  • Europe: 5%
  • North America: 5%
  • Others: 11%

 

B) Private Banking and Private Wealth Management Business  – by Client Type

Hong Kong 2021 Private Banking & Private Wealth Client Type
  • Corporations / financial institutions / funds: 45%
  • Individuals: 27%
  • Family offices & private trust: 17%
  • Institutional & corporate / others: 6%
  • Charities: 1%

 

C) Private Banking and Private Wealth Management – by Asset and Product Type

  • Listed equities: 47%
  • Bonds: 6%
  • Public funds: 8%
  • Private funds:13%
  • Managed accounts: 3%
  • Cash & deposits: 15%
  • Others: 8%

 

2) Asset & Wealth Mgmt

A) HK Asset & Wealth Mgmt by Investor Base:

Hong Kong 2021 Asset & Wealth Mgmt Investor Base
  • Hong Kong: 35%
  • Mainland China: 9%
  • Rest of Asia-Pacific: 13%
  • Europe: 10%
  • North America: 23%
  • Others: 10%

 

B) Asset & Wealth Management Business Staff Profile – by Job Function:

Hong Kong 2021 Asset & Wealth Mgmt Job Function
  • Sales & Marketing: 62%
  • Supporting units: 9%
  • Asset management: 8%
  • Fund administration: 6%
  • Risk management / legal & compliance: 5%
  • Research / analysis: 4%
  • Dealing / trading: 3%
  • Corporate planning and business management: 3%

 

3) Asset Management and Fund Advisory

A) Asset Management and Fund Advisory – by Market Player 

  • Asset Mgmt & Fund Advisory AUM: $3.32 trillion (HKD 25.8 trillion), +8% (YOY)
  • Asset Mgmt (LCs): 79% (HKD 20.6 trillion)
  • Fund Advisory (LCs): 9% (HKD 2.21 trillion)
  • Asset Mgmt (RIs): 6% (HKD 1.53 trillion)
  • Asset Mgmt (Insurance Companies): 5% (HKD 1.3 trillion)
  • REITs (LCs): 1% (HKD 232 billion)

LCs ~ Licensed Corporations, RIs ~ Registered Institution

 

B) Asset Management & Fund Advisory – by Client Type 

  • Professional Investors: 69%
  • Non-Professional Investors: 31%

 

C) Asset Management & Fund Advisory Business – by Client Type 

Hong Kong 2021 Asset & Fund Advisory Client Type
  • Corporations / financial institutions / funds: 45%
  • Governments / sovereign wealth / central banks: 12%
  • Institutional & corporate / others: 6%
  • Individuals: 3%
    Family offices & private trust: 2%
  • Charities: 1%

 

D) Asset Management and Fund Advisory Business – by Product Type

  • Public funds: 37%
  • Managed account: 31%
  • Private funds: 17% (Hedge Funds 6%, PE & VC: 5%)
  • Pension fund (includes HK MPF, ORSO): 7%
  • Others: 8%

 

E) Asset Management Business – by Location of Management 

  • Managed in Hong Kong without further delegation: 56% of AUM
  • Managed with delegation / outside Hong Kong: 44% of AUM*

*Sub-contracted or delegated to other offices or third parties overseas for management 

 

F) Assets Managed in Hong Kong – by Geographical Investments, (2021: HKD 13 trillion)

  • APAC: 63%
  • Hong Kong: 23%
  • Mainland China: 21%
  • North America: 16%
  • Europe: 13%
  • Rest of Asia-Pacific: 15%
  • Japan: 4%
  • Others: 8%

 

G) Assets Managed in Hong Kong –  by Asset Class 

  • Equities: 49%
  • Bonds: 29%
  • Collective investment schemes: 10%
  • Cash and money markets: 8%
  • Others: 4%

 

4) Recent Developments & Market Outlook

  • Greater Bay Area Wealth Management Connect 
  • ETF Connect 
  • ETFs and leveraged and inverse products 
  • Mutual recognition of funds 
  • Grant scheme for OFCs (open-ended fund companies) and REITs 
  • Open-ended fund companies 
  • Tax concessions for single family offices 
  • Investment-linked assurance schemes 
  • Depositaries of SFC-authorised funds 
  • Pooled retirement funds 
  • Asset managers 
  • ESG funds 
  • Surveillance and monitoring 
  • New unauthorised CIS alert list 

 

The Hong Kong Securities & Futures Commission (SFC) has released the Hong Kong Asset & Wealth Management Report 2021 titled “Asset & Wealth Management Activities Survey 2021”, providing on overview on Asset Management, Wealth Management, Private Banking, Trust, and Hong Kong as an Offshore Renminbi Centre in 2021. View Full Report: HK SFC




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Manage investmentsManage assetsManage risksFind informationFind servicesFind advisors / expertsFind clientsGrow AUMNetworkingOthers


    $3 m to $20 m$20 m to $300 m$300 m to $1 b$1 b to $10 bMore than $10 bNo AUM. I advise institutions / CEOs / Entrepreneurs / billionaires / UHNWs & HNWsOthers


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementCEO & EntrepreneurOthers


    Mailing List / Free TrialSubscription ($70 monthly / $180 yearly)Subscription June Promo ($20 monthly / $180 yearly)Membership ($60 / $680 / $2,000)


    2025 Investment Day Hong Kong2025 Investment Day Singapore2025 Investment Summit Hong Kong2025 Investment Summit Singapore2025 Family Office Summit Hong Kong2025 Family Office Summit Singapore












    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2025 Investment Day

    • March - Hong Kong
    • March - Singapore
    • July - Hong Kong
    • July - Singapore
    • Sept- Hong Kong
    • Sept - Singapore
    • Oct- Hong Kong
    • Nov - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014