Welcome to the Hong Kong Trust Industry report, co-authored by the Hong Kong Trustees’ Association (HKTA) and KPMG China. The trust industry remains a crucial segment of Hong Kong’s financial services sector and there have been numerous changes to the industry and the broader financial services sector since the issuance of our previous report in 2021.
Notably, recent regulatory developments, such as the introduction of RA13 for depositaries of SFC authorised collective investment schemes and the HKMA’s Supervisory Policy Manual Module TB-1, are enhancing industry credibility and investor protection. We also delve into the transformative potential of the eMPF Platform, which is poised to reshape Hong Kong’s pension system and bring changes to the landscape for pension trustees.
The report is based on interviews with nearly 30 senior industry executives alongside a digital survey of HKTA member institutions. Thanks to their input, we not only have a clearer picture of the key trends, risks and opportunities of strategic interest to the Hong Kong trust industry, but we have also gained a deeper understanding of what will matter most as the industry strives to make progress over the next few years.
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