Wealth managers are expanding in Hong Kong to accommodate a surge of mainland Chinese funds seeking offshore opportunities. UBS Group and other players are hiring more advisors, expecting private wealth assets to nearly double by 2030. After years of political upheaval, pandemic restrictions, and population outflows, Hong Kong’s incentives for wealthy clients—tax concessions, residency programmes, and family office initiatives—are attracting capital and professionals back to the financial hub. Mainland Chinese investors, spurred by economic challenges and a push for common prosperity, increasingly look to Hong Kong for diversification and higher yields. Banks like Bank of Singapore, Julius Baer, Standard Chartered, and Citigroup are boosting headcount and office space, expanding capacities.