The pandemic has led to record declines in global economic activity, as disruptive forces push many businesses, industries, and individuals to the edge financially. This report from St. James’s Place Wealth Management Asia looks at how Hong Kongers manage their money and how they take on board and use financial advice in building wealth and enriching their lives.
Key findings include:
Most Hong Kongers are generally confident in investing and managing each asset class, but have the least confidence in cryptocurrency (63%) and managed funds (48%)
ESG factors are a priority consideration for 60% of Hong Kongers in the investments they select with 43% saying their interest in ESG investing is increasing
Diversification (29%), risk levels (25%) and liquidity (21%) are the three most important considerations for investors in Hong Kong, reflected in portfolio intentions in the future
Around a third (33%) of Hong Kongers have one stream of personal income
72% of Hong Kongers admit that generating alternative sources of income is a priority in the next 1-2 years
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