EconomyMainland investors seen driving Hong Kong’s wealth boom despite new tax rules
Hong Kong banks expect mainland Chinese investors to contribute an increasing share of the city’s wealth-management business through 2030, despite Beijing’s tighter cross-border tax rules. A Hong Kong Association of Banks and Deloitte China report projects mainland investors’ share of local assets under management will rise from 59% to 68% within five years.
Mainland investors seen driving Hong Kong’s wealth boom despite new tax rules
Economy