The Chinese mainland market remains crucial for Hong Kong’s asset managers, with demographic changes and an evolving investment landscape offering new opportunities. The KPMG and HKIFA report, “Vision 2030”, highlights the need for enhanced cross-border schemes and tax incentives to sustain growth. CEOs emphasise the Mainland’s high-net-worth individuals and middle-class population as key growth drivers. Initiatives like Wealth Management Connect and Mutual Recognition of Funds could be expanded further, the report noted. Hong Kong’s connectivity with the mainland is a unique advantage. The government promotes the city as an asset management hub, supported by the Chinese government’s policies. Emerging opportunities across Asia Pacific include catering to a growing middle class and addressing the retirement needs of an ageing population.