Hong Kong Private Wealth Management Report 2026

2025 was the strongest year on record for Hong Kong's private wealth management industry as it overtook Switzerland to become the world's largest cross-border wealth centre for the first time.

The 11th annual Hong Kong Private Wealth Management Report, jointly authored by the Private Wealth Management Association (PWMA) and KPMG China, explores growth priorities and what it will take to extend Hong Kong’s lead through 2030.

Hong Kong Private Wealth Management Report 2026

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Strong growth momentum

77%

Share of firms reporting higher demand to book accounts or assets in Hong Kong, up from 59%. None reported a decline
94%

Share of firms moderately or highly optimistic about Hong Kong's prospects over the next five years
79%

Share of firms that expect Greater Bay Area initiatives, including Wealth Management Connect, to be critical or moderately important to their offshore Hong Kong business over the next five years
91%

Share of firms that have increased their focus on next-generation clients.
88%

Share of firms reporting moderate or significant progress in adopting AI, up from 56%

Inside the report

Growing the market
Why Mainland China's wealth growth alone won't guarantee inflows. Includes three proposals to enhance Wealth Management Connect (WMC), the case for wider A-share access, and a focused approach to new markets in Southeast Asia, Europe and the Middle East.

Deepening client relationships
Opportunities to engage next-generation clients and family offices, build talent capabilities, and create a more seamless onboarding experience.

Digital assets
Interest in digital assets continues to grow, with the share of firms developing services increasing from 16% to 25%. The chapter explores the opportunities ahead, including how tokenisation can move towards greater scale.

Artificial intelligence
Most AI use so far speeds up individual tasks. The chapter looks at the next step, redesigning whole workflows around AI, and at the data, governance and adoption problems standing in the way.

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