HONG KONG SAR – Media OutReach – 25 January 2022 – According to a Securities and Futures Commission (SFC) report, Hong Kong’s asset and wealth management business recorded an increase in assets under management (AUM) of over 20 percent year-on-year, to HK$34.9 trillion, as of end 2020. As one of the region’s most robust wealth management hubs, Hong Kong holds considerable potential for WealthTech development. As the largest FinTech community in Hong Kong, Cyberport houses nearly 400 FinTech start-ups, including around 60 WealthTech companies which offer diverse technology solutions covering B2B, B2C and B2B2C businesses. These solutions both address individual users’ varying financial needs and assist financial institutions in improving the efficiency of their wealth management services.
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