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hong kong private wealth assets projected to reach 2.3 trillion by 2030

Private wealth assets under management in Hong Kong are projected to nearly double to $2.3 trillion by 2030, surpassing Switzerland as the leading cross-border wealth center. This growth is driven by increasing demand from Chinese investors for higher-yielding offshore investments, expected to rise 16% annually due to favorable interest rates in Hong Kong and the US compared to mainland China.
bloomberg.com
United States Dollar Bloomberg CHE USA HKG CHN Sharnie Wong Show more
Finance & Economy, Market Report
05:36 24.10.2024
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