Strong growth of the sector due to growth in Asia, financial market liberalisation in the Mainland and government policy to strengthen the sector
Tremendous demand for investable assets and packaged investment products is expected due to economic growth in Asia and financial market liberalisation in the Mainland. Being the top asset management centre in Asia, with asset and wealth management business reaching US$3.1 trillion (at end-2017), asset management professionals are essential to sustaining our competitive edge and tapping into the increasing wealth creation. As mentioned in the 2017 Policy Address, Hong Kong will capitalise on the opportunities arising from the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Bay Area to reinforce and enhance our status as an international asset management centre. Experienced asset management professionals are necessary to further the development of the industry.
The Financial Services Development Council in its 2015 Report on Developing Hong Kong’s Human Capital in Financial Services pointed out that there are management positions especially for middle and back office positions yet to be filled. The sector would be expecting a moderate increase in demand.