Asia's private wealth management market, fuelled by robust GDP growth, increased levels of savings and the rise of more self-made billionaires, continues to grow and provide opportunities for Private Wealth Management Organisations (PWMs). Hong Kong has captured a significant portion of this growth, positioning itself along with Singapore as the top market to attract private wealth from across the world. Based on our survey, it is estimated that total Assets Under Management (AUM) managed in Hong Kong is over US$800 billion. We expect that the increasing wealth from Greater China will continue to drive the industry's growth in Hong Kong.
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