1、 Kong Private Wealth Management Report 2024ContentsExecutive summaryAbout PWMA About KPMG China Contact Us 3464748Industry overview6162645Growing the marketAIs growing impact3.1 Current state of AI adoption3.2 Future trends in AI3.3 Challenges to overcome3.4 The path forwardAppendixAcknowledgements1

2、423 2024 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 Kong Private Wealth Management Report 20242Executive summaryIndus

3、try overviewGrowing the marketAIs growing impactAppendixAbout KPMG ChinaContact usAbout PWMAExecutive summaryOptimism about the growing family office segment,wealth opportunities coming from the Chinese Mainland and the adoption of Artificial Intelligence(AI)into the private wealth management(PWM)in

4、dustry continue despite a challenging macroeconomic environment.The ninth annual Hong Kong Private Wealth Management report,jointly authored by the Private Wealth Management Association(PWMA)and KPMG China,provides an in-depth view into the industry landscape,evolving challenges,and emerging growth

5、opportunities,with the added lens of AIs growing impact.The report is largely based on a survey of 35 PWMA member institutions approximately 80%of the Associations PWM Institution members and supplemented by the results of the SFCs Asset and Wealth Management Activities Survey 20231.We also added an

6、 additional lens of AI adoption in this years survey and interviews,with insights from industry executives,front office personnel,in-house technology staff,and technology vendors.The findings show a more optimistic outlook compared to last years report.Following two consecutive years of decline,2023