Hong Kong

Hong Kong

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Ping An Digital Bank Enters Hong Kong’s High-End Wealth Management Market

Singapore, October 9, 2026 — Ping An Digital Bank (International) Limited has expanded into Hong Kong’s high-end wealth management market with the launch of private fund products, becoming the first digital bank in the city to enter the segment, the bank announced on Friday. The move comes as Hong Kong’s asset and wealth management industry continues to grow, with demand for private wealth management services increasing alongside the expansion of assets under management (AUM). According to the Securities and Futures Commission’s Asset and Wealth Management Activities Survey 2025, total AUM in Hong Kong rose 20% year-on-year to HK$42.2 trillion at…

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Hong Kong Retains Position as World’s Freest Economy in 2026 Report

Singapore, October 7 2026 — Hong Kong has retained its position as the world’s freest economy, ranking first among 165 jurisdictions in the Economic Freedom of the World 2026 Annual Report published by Canada-based Fraser Institute on 6 October. Switzerland placed second. The Hong Kong Special Administrative Region (HKSAR) Government welcomed the findings, noting that the city ranked first globally in “Freedom to trade internationally” and second in “Regulation”, two of the report’s five assessment areas. “The Fraser Institute’s report once again affirms Hong Kong’s strengths as a free-market economy and its open, efficient and fair business environment,” a spokesman…

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