According to Odaily, a joint report by the Hong Kong Investment Funds Association and KPMG titled “Vision 2030: The Future of Hong Kong’s Fund Management Industry” notes that Hong Kong’s position as a major asset management hub in Asia remains strong. However, there is still room to further strengthen cross-border wealth management schemes and tax incentive policies to promote the steady development of the industry.

The report notes that investment diversification in Hong Kong, especially opening up more asset classes to retail investors, is increasing. Several fund management companies have successively launched products in investment areas such as private equity, private credit, infrastructure assets, and real estate to meet the growing demand.

The report also notes that virtual assets continue to attract investor interest, with an increasingly rich array of investment options, including virtual asset ETFs. Recent regulatory developments have helped Hong Kong enhance its competitiveness, making it a preferred location for fund management companies to invest in emerging asset classes.