"我们深知香港在中国内地与全球市场间的独特地位。鉴于当前挑战与机遇并存的局势，香港政府必须 迅速行动，通过与中国内地和地区伙伴更紧密的合作以提振市场活力。我们的政策建议旨在通过建立策 略性伙伴关系、技术创新和稳定的金融市场发展来增强香港的全球竞争力和金融韧性。通过果断行动， 香港可以进一步巩固其作为领先国际金融中心的地位。"普华永道中国副主席兼管理合伙人李尚义说。 香港特区政府正在展开2025年《施政报告》的公众咨询，普华永道日前举行发布会分享政策建议，倡议 香港政府采取坚定行动，善用香港作为中国内地与全球市场之间超级联系人的地位，发掘香港经济增长 新动力，提振市场活力，加强与中国内地和地区合作伙伴的联系，从而巩固作为国际金融中心的地位。 关维端认为，从全球趋势上看，私募市场和另类投资零售化加速势不可挡，正在重塑投资格局。"我们 建议香港制定一个明确的路线图，让零售投资者可以增加另类的资产分配，同时优先保障投资者权益并 进行有效的流动性管理。" 对于香港政府近期发表的《香港数字资产发展政策宣言2.0》，普华永道建议加快推动数字资产相关策 略。该行认为，香港具备潜力定位为以数字为先的资产及财富管理中心，建立以区 ...

Group 1 - The core viewpoint of the report emphasizes that Hong Kong is navigating through significant global changes while maintaining its core competitiveness and forming new advantages [1][2] - The Hong Kong economy is showing a steady improvement, with a reported growth of 3.1% in the first quarter and an expectation of continued growth in the second quarter [1] - The implementation of the National Security Law has created a stable environment, ensuring the rights and freedoms of citizens while positioning Hong Kong as a safe harbor for global investment [1] Group 2 - The report highlights that global investment opportunities are being actively sought, and Hong Kong can assist countries in diversifying risks, attracting funds, businesses, and talent [1] - By the end of 2024, the number of companies with overseas parent companies based in Hong Kong is expected to reach 9,960, reflecting an annual increase of approximately 10% [1] - As of the end of last year, the total value of asset and wealth management in Hong Kong was approximately HKD 35.1 trillion, with a registered fund count of 976 as of March this year, showing a net inflow of over USD 44 billion, a growth of 285% year-on-year [1]

Core Insights - Hong Kong continues to attract global capital due to its robust financial system, legal framework, and open business environment, positioning itself as a safe haven for funds [2] Group 1: Asset and Wealth Management Growth - The asset and wealth management sector in Hong Kong experienced a significant growth of 13% year-on-year, reaching a total asset value of HKD 35.14 trillion by the end of 2024 [3] - Net inflows of funds surged by 81% to HKD 705 billion, with asset management and fund advisory services seeing a remarkable increase of 571% in net inflows to HKD 321 billion [3] - Private banking and wealth management assets grew by 15% year-on-year, totaling HKD 10.4 trillion [3] Group 2: Foreign Investment and Fund Establishment - Over 54% of the total managed assets in Hong Kong come from non-mainland Chinese and foreign investors, with steady growth from Asia-Pacific, North America, and Europe [5] - The net inflow of funds into Hong Kong-registered funds increased by 88% to HKD 163 billion in 2024, continuing strong performance into 2025 with HKD 237 billion recorded by May [5] - The number of registered open-ended fund companies rose significantly by 93% in 2024, indicating a growing utilization of Hong Kong's fund structures [7] Group 3: Offshore RMB Center and Financial Innovations - Hong Kong holds the largest offshore RMB deposit pool globally, accounting for over half of all offshore RMB deposits, totaling RMB 1.03 trillion as of April 2025 [7] - The Hong Kong Securities and Futures Commission (SFC) aims to enhance its role as an international asset and wealth management hub through financial innovations and a growing talent pool [7][10] Group 4: Future Prospects and Strategic Initiatives - The Hong Kong government is implementing reforms to attract more global capital, including green finance and virtual asset policies, and optimizing regulations for over-the-counter derivatives [8] - The 2024 Policy Address emphasizes strengthening Hong Kong's position as an international asset and wealth management center, with projections indicating it could become the largest cross-border wealth management hub by 2028 [8][10] - Boston Consulting Group's report predicts that by 2027, Hong Kong will surpass Switzerland in asset management scale, reaching USD 3.1 trillion [10][11]

Group 1 - Hong Kong's asset management scale exceeded HKD 35 trillion, with a year-on-year growth of 13% and a net inflow of funds increasing by 81% [1] - The private banking and wealth management sector reached HKD 10.4 trillion, reflecting a 15% year-on-year increase [1] - The growth in Hong Kong's asset and wealth management business is driven by significant net fund inflows of HKD 705 billion [1] Group 2 - Guangdong registered over 19.7 million operating entities, marking a 3.43% increase compared to the end of 2024, maintaining the highest total in the country [3] - This data illustrates the economic vitality of Guangdong and the effectiveness of market regulation reforms in the context of the Guangdong-Hong Kong-Macao Greater Bay Area [3] Group 3 - Guangzhou's transaction escrow funds for existing homes reached over CNY 10 billion this year, indicating residents' emphasis on transaction security [4] - The city's housing transaction regulatory center has optimized escrow services, allowing residents to manage their property transactions more conveniently [4] Group 4 - Shenzhen's total electricity consumption in the first half of 2025 was 56.93 billion kWh, representing a year-on-year increase of 4.8% [5] - The electricity consumption in the secondary industry was 26.99 billion kWh, up by 2.5%, while the tertiary industry saw a 6.8% increase to 20.95 billion kWh [5] - Residential electricity usage grew by 7.6% to 8.96 billion kWh, reflecting the city's steady economic development [5] Group 5 - The Shenzhen Composite Index closed at 10,720.81 points, down by 0.22% [7] - Notable gainers included ST Lifan with a 20.05% increase, and Yangdian Technology and Jujie Microfiber both rising by 20.02% [8] - Significant decliners included New City down by 11.40%, Qidi Pharmaceutical down by 10.03%, and Beautiful Ecology down by 9.65% [8]

Group 1 - Hong Kong's asset and wealth management sector is experiencing significant growth, with total managed assets increasing by 13% year-on-year to HKD 35.1 trillion (USD 4.53 trillion) by the end of 2024, driven by a net inflow of HKD 705 billion (USD 91 billion) [1] - Private banking and wealth management segments saw a 15% increase in managed assets, reaching HKD 10.4 trillion (USD 1.3 trillion) [1] - The net asset value of Hong Kong-registered funds increased by 22% to HKD 1.64 trillion (USD 211 billion) by the end of 2024, with further growth of 21% to HKD 1.99 trillion (USD 256 billion) by May 2025 [1] Group 2 - Hong Kong is recognized as a leading international asset and wealth management hub, ranking alongside Switzerland as the top cross-border wealth management center, with a cross-border wealth total of USD 231 billion and a year-on-year growth rate of 9.6% [2] - The net inflow for asset management and fund advisory services surged by 571% to HKD 321 billion (USD 41.3 billion) in 2024 [2] - The number of licensed asset management institutions in Hong Kong increased by 4% to 2,212 [3]

Core Insights - Hong Kong's asset management sector is experiencing significant growth, with total managed assets increasing by 13% year-on-year, reaching a total of 35.1 trillion HKD (4.53 trillion USD) by the end of 2024 [1] - Net inflows into the asset management sector surged by 81%, driven by a net inflow of 705 billion HKD (91 billion USD) [1] - The private banking and wealth management segment saw a notable increase, with managed assets growing by 15% to 10.4 trillion HKD (1.3 trillion USD) [1] Asset Management Growth - The total value of assets managed in Hong Kong rose to 35.1 trillion HKD (4.53 trillion USD) as of the end of 2024, marking a 13% increase from the previous year [1] - The sector experienced a substantial net inflow of 705 billion HKD (91 billion USD), reflecting a strong demand for asset management services [1] Private Banking and Wealth Management - Private banking and wealth management services contributed significantly to the growth, with managed assets increasing by 15% to 10.4 trillion HKD (1.3 trillion USD) [1] Investment Diversification - Asset managers in Hong Kong are diversifying their investment strategies, with 59% of managed assets allocated to markets outside of mainland China and Hong Kong [1] - Over the past five years, non-equity investments have increased by 13 percentage points to 59%, indicating a shift towards more diversified asset allocation strategies in response to a rapidly changing global environment [1]

Core Insights - Hong Kong is recognized as the largest cross-border wealth management center in Asia and ranks first globally in the investment management sector [1][2] - The "New Capital Investor Entry Scheme" has received over 1,500 applications, expected to bring in over HKD 46 billion in investments by June 2025 [1][2] - The government is enhancing the talent pool for wealth management and family offices, including a pilot training program and inclusion of relevant professionals in the talent list [1][5] Implementation of the New Capital Investor Entry Scheme - The scheme allows asset owners investing HKD 30 million to settle in Hong Kong, with over 670 applicants already approved [2][3] - As of June 2023, the total investment amount from verified applications exceeds HKD 21 billion, with nearly 40% in SFC-recognized funds, around 30% in stocks, and over 10% in bonds [3] Optimizations and Measures - The government has implemented measures to relax net asset review requirements, shortening the review period from two years to six months [3][4] - Monthly application numbers have doubled since the optimization measures were introduced, indicating growing confidence among applicants [4] Family Office Development - The family office team has assisted over 190 family offices in establishing or expanding operations in Hong Kong, with an additional 150 planning to do so [5][6] - The government aims to support at least 200 family offices by 2025, reflecting confidence from high-net-worth individuals in Hong Kong's prospects [5] Additional Support for Wealth Management - The government is optimizing the mutual recognition of funds between mainland China and Hong Kong and supporting the listing of qualified alternative asset funds in Hong Kong [6] - A simplified company migration mechanism has been implemented to attract more foreign companies and family offices to establish in Hong Kong [6]