Mainland investors in GBA target HKBusiness | Staff reporter 13 May 2021
More than 80 percent of mainland investors in the Greater Bay Area planned to invest in Hong Kong through wealth management connect, a survey conducted by HSBC and Company (Hong Kong) found.
The survey also found that about two-thirds of respondents said they are optimistic about Hong Kong's market outlook and 70 percent of them intend to increase their share of assets in the territory.
Sixty-seven percent identified wealth accumulation as their key investment objective, followed by preparing for life in retirement with 44 percent, and saving for their children's education with 42 percent. For those already invested in Hong Kong, funds and stocks are the most popular products.
Sixty-five percent of respondents also planned to diversify their investment products in Hong Kong, and almost everyone who is aware of the concept of fintech and ESG finds it appealing.
The online survey was conducted in the fourth quarter of 2020, covering a total of 1,606 citizens living in the nine mainland cities in the GBA, who currently own or intend to take up financial products in Hong Kong in the next 12 months.