资管规模突破30万亿港元，高净值人群为何选择香港？

Group 1: Core Insights - Hong Kong is increasingly becoming a key hub for wealth management in Asia, driven by the growing number of high-net-worth individuals (HNWIs) in the region [1][2] - The Swiss bank Pictet's report indicates that despite Hong Kong being one of the most expensive cities globally, its investment immigration program is attracting significant interest from HNWIs in mainland China and worldwide [1][2] - The influx of capital into Hong Kong is evidenced by a strong rebound in the IPO market and the active participation of foreign private banks [1][4] Group 2: Wealth Migration Trends - The Henley & Partners report highlights that the UK is expected to experience a net outflow of 16,500 wealthy individuals by 2025, while Hong Kong is projected to see a net inflow of 800 [2] - UBS's survey reveals that 53% of respondents view global economic recession as the primary risk, while 46% are concerned about rising tax policies, making low-tax regions like Hong Kong attractive [2][3] Group 3: Market Dynamics - The KPMG report indicates that after two years of declining net inflows, Hong Kong's wealth management sector saw a turnaround in 2023, with net inflows reaching nearly three times that of 2022 [4] - Data from Wind shows that by mid-2025, southbound capital from mainland China into Hong Kong's stock market exceeded HKD 710 billion, significantly higher than previous years [4] Group 4: Investment Immigration Program - As of June 2023, Hong Kong's new investment immigration program received over 1,500 applications, expected to bring in over HKD 46 billion in investments [5] - The program aims to enrich the talent pool and attract more funds to enhance Hong Kong's asset and wealth management sector [5] Group 5: Private Banking Sector Growth - The Hong Kong Securities and Futures Commission reported that the asset management scale of the private wealth management industry surpassed HKD 30 trillion by the end of 2023 [6] - The number of family offices in Hong Kong has nearly doubled compared to Singapore, with over half managing assets exceeding USD 5 million [6] Group 6: Institutional Strategies - Foreign institutions are actively expanding in Hong Kong, with UBS planning to double its assets under management for millionaires in Greater China over the next 3-5 years [7] - Chinese banks are also accelerating their private banking services in Hong Kong to cater to cross-border wealth management needs [7][8]