Fund managers see good growth aheadBusiness | Eurus Yiu 10 Jun 2020
More than half of industry executives expect a 11-30 percent growth in Hong Kong's fund management industry in the next five years, KPMG China and the Hong Kong Investment Funds Association say.
KPMG China and HKIFA conducted a survey from November 2019 to January 2020, targeting HKIFA institutions and more than 20 senior industry executives.
The expected growth was driven by opportunities from the opening up of the mainland asset management industry, development of the Greater Bay Area, technology-driven change and environmental, social and corporate governance.
Regulatory change, fee pressure, the rise of the Greater Bay Area as a financial center, an aging population and increasing connectivity are the top five trends that have the biggest impact on Hong Kong's fund management industry by 2025.