1、 the Difference.Hong KongPrivate WealthManagement Report 2025Contents 2025 KPMG,a Hong Kong SAR partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Hong
2、 Kong Private Wealth Management Report 2025203Executive summary05Industry pulse19Partnerships25Digital Assets36Technology44Looking ahead11Growing the market18Vision 203048Contact us46About the PWMA47About KPMGExecutive summaryGrowing the marketVision 2030About KPMGContact usAbout the PWMAIndustry pu
3、lseExecutive summaryClient confidence in Hong Kong as a preferred wealth management centre has reached its highest level in three years,despite ongoing concerns about tariff-driven trade disputes and the external environment.The tenth annual Hong Kong Private Wealth Management report,jointly authore
4、d by the Private Wealth Management Association(PWMA)and KPMG China,provides an in-depth view of the industry landscape,key challenges and emerging growth opportunities.This year we also look ahead to 2030 and consider the key opportunities for Hong Kong to further consolidate its position as a leadi
5、ng hub for international clients.Total AUM reached HKD 10.4 trillion,supported by portfolio appreciation and net inflowsStrong AUM growth+15%firms rank AI and digitalisation as their clients top investment theme-highlighting both a growing interest in technology sectors as a source of return,and ris
6、ing expectations for its integration into wealth management servicesTechnology sets the pace#1of client portfolios currently allocate less than 5%to alternatives,but one third expect allocations to rise to 11-15%within 3-5 yearsAlternatives gain momentum 44%of firms are investing in or planning to i