BOC HONG KONG(HK:02388) Sou Hu Cai Jing·2025-06-23 05:06Core Viewpoint - The "Wealth Management Expo 2025" held in Hong Kong focused on driving new economic engines and leading new trends amidst global economic uncertainties and increasing protectionism [1][3]. Group 1: Economic Environment - Hong Kong maintains its status as a free port with a robust financial system, allowing for free capital movement, which reassures international investors [3]. - The family office sector in Hong Kong is expected to grow from 2,700 to 3,000 firms, indicating a thriving wealth management landscape [3]. - The asset management industry in Hong Kong is projected to manage over $4 trillion, with expectations to become the world's leading cross-border asset management center within two to three years [3]. Group 2: Investment Products and Innovations - The government plans to collaborate with financial regulators and the industry to promote innovation in investment products, such as Exchange-Traded Products (ETPs), which currently number over 210 on the Hong Kong Stock Exchange [4]. - ETPs cover a diverse range of assets, including securities, derivatives, and digital assets, accounting for over 15% of total market turnover [4]. Group 3: Offshore RMB Business - Hong Kong handles approximately 80% of global offshore RMB transactions, making it a key player in the offshore RMB market and dim sum bond market [6]. - Efforts are underway to enhance Hong Kong's position as a global offshore RMB business hub through improved financial infrastructure and increased RMB liquidity [6]. - Currently, 24 stocks on the Hong Kong Stock Exchange can be traded using offshore RMB, with plans to expand RMB trading options [6].