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Hong Kong Wealth Management Monthly Report

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Hong Kong Wealth Management Monthly

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28 AugFri
  1. HKMA: Guidelines and Circulars29

    HKMA Issues Risk-Based AML/CFT Controls Guidance for Politically Exposed Persons

    The Hong Kong Monetary Authority issued risk-based anti-money laundering and counter-terrorist financing controls guidance for politically exposed persons on August 28, 2026, addressed to all authorized institutions. This guidance replaces the previous version issued on November 21, 2025, with accompanying annexes updated simultaneously.

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27 AugThu
  1. Prudential: Press Releases25

    Prudential completes sale of 2.0% stake in ICICI Prudential Asset Management Company

    Prudential announced that its subsidiary, Prudential Corporation Holdings Limited, has completed the sale of a 2.0% stake in ICICI Prudential Asset Management Company through an open market sale process, at a final price of 3,065 Indian rupees per share, generating proceeds of approximately US$300 million. The net proceeds will be returned to Prudential shareholders through share buybacks.

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  2. Prudential: Press Releases26

    Prudential announces its 2026 first interim dividend

    Prudential announced its 2026 first interim dividend of 8.88 US cents per share. Registered shareholders in the UK and Hong Kong may elect to receive the dividend in pounds sterling, Hong Kong dollars or US dollars, with the deadline for US dollar elections on 2 October 2026. The ex-dividend date is 10 September 2026, with payment dates of 22 October 2026 for holders of Hong Kong, UK and US depositary receipts, and approximately 29 October 2026 for Singapore shareholders. The dividend is offered with a scrip dividend alternative, applicable only to Hong Kong-listed shares; UK registered shareholders may elect for a dividend reinvestment plan in lieu of the scrip dividend.

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  3. Prudential: Press Releases36

    Prudential plc Announces 2026 First Half Results

    Prudential plc (HKEX: 2378, LSE: PRU) announced its half-year financial results ended 30 June 2026. New business profit grew 8% year-on-year to US$1.384 billion at constant exchange rates, and operating free surplus increased 15% year-on-year to US$1.791 billion. The Group added approximately US$300 million to its 2026 share buyback programme on top of the original US$1.2 billion, and raised its first interim dividend by 15% year-on-year to 8.88 US cents per share.

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  4. MPFA: Press Releases34

    Hong Kong's HKMA, SFC, IA and MPFA jointly announce the first batch of selected participants for the Generative AI Sandbox++

    Hong Kong's HKMA, SFC, IA and MPFA, together with Hong Kong Cyberport, have announced the first batch of selected participants for the Generative AI Sandbox++. 36 use cases were selected from nearly 100 proposals, involving 30 financial institutions and 27 technology partners, focusing on agentic AI application testing. The selected use cases will cover end-to-end processes such as customer account opening, payments, and insurance claims, and will subsequently test AI's ability to dynamically supervise other AI applications.

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26 AugWed
  1. EDGAR 6-K:Tiger Brokers17

    Tiger Brokers (UP Fintech) files Form 6-K foreign issuer report with the U.S. SEC

    UP Fintech filed a 6-K foreign issuer report with the US SEC on August 26, 2026, for the reporting period ending August 26, 2026, under file number 001-38833. The filing includes two documents: the 6-K main document and EX-99.1 exhibit. The corresponding SIC code is 6211, covering securities brokerage, dealing, and underwriting.

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  2. Prudential: Press Releases21

    Prudential Announces Plan to Sell Up to 2.0% Stake in ICICI Prudential Asset Management to Meet India’s Public Shareholding Requirements

    Prudential Corporation Holdings Limited, a subsidiary of Prudential, plans to sell up to 2.0% of its stake in ICICI Prudential Asset Management Company Limited on the open market on August 27, 2026, to help the company meet India’s required minimum public shareholding of 15%. Following the completion of the sale, Prudential Corporation Holdings Limited will retain a 32.6% stake in the company, and its governance rights in the company will remain unchanged.

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20 AugThu
  1. Prudential: Press Releases13

    Prudence Foundation, the community investment arm of Prudential, launches free financial education app Levela

    Prudence Foundation, the community investment arm of Prudential, has launched Levela, a free financial education app designed to provide practical financial literacy courses for Gen Z young people across Asia and Africa. Available on web and mobile platforms with an offline version, the app covers topics including budgeting, saving, debt management, insurance, financial planning, and fraud prevention. It supports 6 languages, including a Sharia-compliant Malay version.

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  2. Prudential: Press Releases22

    Prudential India Health Insurance officially commences operations, entering India's fast-growing health insurance market

    Prudential India Health Insurance, established with a 70:30 shareholding structure between Prudential and the HCL Group, has officially commenced operations, marking Prudential's entry into the Indian market with a standalone health insurance business. The company received its certificate of registration from the Insurance Regulatory and Development Authority of India on 1 July 2026, and operates through a network of more than 12,000 hospitals and an omni-channel service model. India's gross written premium in health insurance for fiscal year 2026 was approximately US$16 billion, indicating substantial market growth potential.

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  3. Federal Reserve: Monetary Policy22

    Federal Reserve releases minutes of the July 28-29, 2026 Federal Open Market Committee meeting

    The Federal Reserve released on August 19, 2026, the minutes of the Federal Open Market Committee meeting held on July 28-29, 2026. The minutes are based solely on the information available to the Committee at the time of the meeting, and the content is available on the Board of Governors' website.

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18 AugTue
  1. HKEX: Market Communication35

    HKEX Optimizes Methodology for the Hang Seng TECH Index

    The Hong Kong Exchanges and Clearing Limited (HKEX) has optimized the methodology of the Hang Seng TECH Index, adjusting rules for identifying eligible technology companies and selecting constituent stocks. It has relaxed the listing duration requirement for eligible H shares, introduced weight caps at both the individual stock and industry levels, and expanded coverage of emerging technology themes such as artificial intelligence. The optimization and related constituent stock adjustments will take effect after market close on September 11, 2026, and be officially implemented on September 14, 2026.

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  2. MPFA: Press Releases20

    The Mandatory Provident Fund Schemes Authority releases the June 2026 quarterly report of the Mandatory Provident Fund Schemes Statistical Digest

    The Mandatory Provident Fund Schemes Authority has released the June 2026 quarterly report of the Mandatory Provident Fund Schemes Statistical Digest, covering core statistical data of the MPF system as of the end of June 2026. As of the end of June 2026, the total assets of the MPF reached approximately HK$1.67 trillion, a quarterly record high, representing a 174% increase from 10 years ago. The report also disclosed the latest account sizes, asset proportions, and annualized net return data for sectors including the Default Investment Strategy and Tax Deductible Voluntary Contributions.

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31 JulFri
  1. HKEX: Market Communication15

    HKEX Report on IPO Applications, Delistings and Suspensions for July 2026

    HKEX has released its monthly report on IPO applications, delistings and suspensions for July 2026, disclosing key statistics on its listing regulatory performance during the period. As of July 31, 2026, HKEX had 2,763 listed companies, and had processed 838 listing applications year-to-date. The report also sets out key metrics such as the median processing time for different types of listing application documents.

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30 JulThu
  1. Federal Reserve: Monetary Policy24

    Federal Reserve issues Federal Open Market Committee statement

    The Federal Open Market Committee decided by a vote of 9-3 to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent to support its dual mandate. Three members dissented, preferring to raise the target range for the federal funds rate by 1/4 percentage point at this meeting. Inflation remains above the 2 percent target, and economic activity has continued to expand at a solid pace.

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17 JulFri
  1. HKEX: Market Communication44

    HKEX will support the payment of stamp duty and transaction-related fees in RMB

    The Hong Kong SAR Government has gazetted the Stamp Duty (Amendment) (No. 2) Ordinance 2026, which clarifies that stamp duty for RMB counter transactions in dual-counter stocks will be calculated and paid in RMB. HKEX will simultaneously support the settlement of transaction-related fees such as the SFC transaction levy, the Financial Reporting Council transaction levy, the investor compensation levy, and SEHK trading fees in RMB. The implementation of the new arrangement requires the SAR Government to issue an effective announcement, obtain regulatory approval, and complete market preparations. Specific operational arrangements and target implementation timelines will be announced subsequently.

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15 JulWed
  1. Federal Reserve: Monetary Policy17

    Board of Governors of the Federal Reserve System Releases Minutes of Discount Rate Meetings Held on June 8 and June 17, 2026

    On July 14, 2026, the Board of Governors of the Federal Reserve System released the minutes of its discount rate meetings held on June 8 and June 17, 2026, covering the review and determination of the discount rate offered to depository institutions through the discount window. The process for setting the discount rate is independent of the process by which the Federal Open Market Committee sets the target range for the federal funds rate.

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30 JunTue
  1. HKEX: Market Communication45

    HKEX Advances Framework for Streamlined Board Lot Sizes

    HKEX released the consultation conclusions on the board lot size framework for the Hong Kong securities market. The framework standardizes board lot sizes into 8 categories, lowers the guidance for the minimum value of a board lot from HK$2,000 to HK$1,000, and sets a guidance cap of HK$5,000 for issuers adopting board lot sizes exceeding 100 shares. The new framework will be implemented in two phases: the first phase takes effect on July 2, 2026, and the second phase takes effect on November 16, 2026, coinciding with the launch of the uncertificated securities market.

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5 JunFri
  1. Prudential: Press Releases18

    Prudential Foundation partners with UK National Innovation Centre for Ageing to advance longevity initiatives, supporting the development of the silver economy in China and the UK

    Prudential Foundation, the community investment arm of Prudential, signed a cooperation agreement with the UK National Innovation Centre for Ageing (NICA) during the UK Foreign Secretary’s visit to China. Leveraging NICA’s "Longevity Cities" framework, the partnership will roll out healthy ageing centers in multiple Chinese cities (including Beijing) through the "AI Health Project", introducing UK ageing innovation outcomes to provide free support for local communities. This collaboration will promote knowledge exchange and technology implementation between China and the UK in the ageing sector, helping older adults in both countries lead healthier, more fulfilling lives, while creating opportunities for UK enterprises to expand into China’s silver economy market.

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2 JunTue
  1. EDGAR 6-K:Tiger Brokers16

    Tiger Brokers (UP Fintech) files Form 6-K foreign issuer report with the U.S. SEC

    UP Fintech filed a 6-K foreign issuer report with the US SEC on June 2, 2026, for the reporting period ending June 2, 2026, under file number 0001193125-26-252367. The filing includes the 6-K main document and EX-99.1 exhibit. The company's CIK number is 0001756699, and its file number is 001-38833.

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29 MayFri
28 MayThu
22 MayFri
  1. EDGAR 6-K:Tiger Brokers11

    Tiger Brokers (UP Fintech) files Form 6-K foreign issuer report with the U.S. SEC

    UP Fintech filed a 6-K foreign issuer report with the US SEC on May 22, 2026, for the reporting period ending May 22, 2026, under file number 001-38833, corresponding to SIC code 6211 (security brokers, dealers, and flotation companies). The filing includes the 6-K main document and EX-99 exhibit, with the complete submission text number 0001193125-26-235622.

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  2. EDGAR 6-K:Futu Holdings13

    Futu Holdings Submits 6-K Foreign Issuer Report to U.S. SEC

    Futu Holdings submitted a 6-K foreign issuer report to the U.S. SEC on 2026-05-22. The report was prepared in accordance with Rules 13a-16 and 15d-16, with the corresponding reporting period being 2026-05-22. The submitted documents include Form 6-K and the complete submission text. Futu Holdings' registered office address is located at 9F, Unit 3, Building C, Kexing Science Park, No. 15 Keyuan Road, Science and Technology Park, Nanshan District, Shenzhen.

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18 MayMon
17 MaySun
  1. Prudential: Press Releases27

    Prudential Group restructures India business through acquisition of controlling stake in Bharti Life Insurance

    Prudential Group has announced its intention to acquire a 75% stake in India-based Bharti Life Insurance to restructure its business layout in India. The initial cash consideration for the transaction is INR 35 billion (approximately USD 389 million), and final completion is subject to regulatory approvals and other conditions.

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8 MayFri
30 AprThu
29 AprWed
  1. Prudential: Press Releases28

    Prudential announces business performance update for Q1 2026

    Prudential has released its business performance for Q1 2026 (as of March 31). At constant exchange rates, new business profit reached USD 686 million, up 10% year-on-year; APE sales hit USD 1.823 billion, up 6% year-on-year; and new business margin improved by 2 percentage points to 38%. All business segments delivered growth, with double-digit new business profit growth in Hong Kong, Mainland China, and Malaysia. The group launched a USD 1.2 billion share buyback program in January 2026, repurchasing approximately 20 million shares in Q1 for a total consideration of USD 312 million.

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16 AprThu
14 AprTue
  1. Hong Kong Investment Funds Association: Updates and Fund Flows12

    The Hong Kong Investment Funds Association unveils brand refresh with new logo and slogan at its 40th anniversary reception.

    The Hong Kong Investment Funds Association (HKIFA) officially unveiled its brand refresh at a 40th anniversary celebratory cocktail reception, launching a newly designed logo and a new slogan. The event was attended by over 300 guests, with the Hon. Christopher Hui, Secretary for Financial Services and the Treasury, and Dr. Timothy W. K. Au, Chairman of the SFC, among the officiating guests who delivered remarks.

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13 AprMon
  1. Prudential: Press Releases15

    Prudential Group appoints new leadership for Prudential Health India business

    Prudential Group has announced the appointment of Amit Dave as Chief Executive Officer and Managing Director of Prudential Health India (subject to regulatory approval), and Abhishek Saraf as Chief Operating Officer. Amit Dave succeeds outgoing Amar Joshi and brings over 20 years of insurance industry experience. The two will drive the development of Prudential’s health business in India, including securing regulatory approvals and building differentiated health products.

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18 MarWed
  1. Prudential: Press Releases26

    Prudential announces second interim dividend for 2025

    Prudential has declared a second interim dividend of 18.89 US cents per share for 2025. UK and Hong Kong registered shareholders will receive dividends in GBP and HKD respectively by default, with an option to receive dividends in USD. The deadline for USD election is April 21, 2026; the corresponding GBP and HKD amounts per share are expected to be announced on April 28, 2026. The ex-dividend date is March 26, 2026, and the dividend payment date is May 13, 2026. A scrip dividend option is available for this dividend, applicable only to Hong Kong-listed shares, while UK registered shareholders may opt for the Dividend Reinvestment Plan.

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  2. Prudential: Press Releases18

    Prudential research finds financial well-being in Asia declines gradually with age

    Prudential has released its inaugural Asia Financial Well-being Index, surveying 7,707 adults aged 18-60 across 8 Asian markets, with an overall score of 58.9 out of 100. The 18-35 age group scored highest at 59.8, while the 50-60 age group scored lowest at 57.7, showing a gradual decline with increasing age. Vietnam ranked first in the region with a score of 65.1, while Hong Kong ranked last at 52.5. Only 18% of respondents believe they have access to the financial services needed to achieve financial success.

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25 FebWed
  1. Hong Kong Investment Funds Association: Updates and Fund Flows33

    The Hong Kong Investment Funds Association Welcomes the 2026/27 Budget

    The Hong Kong Investment Funds Association (HKIFA) has publicly welcomed the 2026/27 Budget, supporting the HKSAR Government's measures to consolidate Hong Kong's position as an international asset and wealth management center. The Association endorses the Budget's directions including advancing RMB internationalization, optimizing the fund tax regime, and including real estate investment trusts and RMB counters in Stock Connect, and will continue to collaborate with stakeholders to promote the industry's sustainable development.

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2 JanFri
  1. Hong Kong Investment Funds Association: Updates and Fund Flows18

    The Hong Kong Investment Funds Association Appoints New Chief Executive

    The Hong Kong Investment Funds Association (HKIFA) announced the appointment of Paula Ip as Chief Executive, with immediate effect. Paula Ip has over 30 years of experience in asset management and wealth advisory, having worked at institutions including UBS, GAM, ING, and JPMorgan (Chase) Asset Management, and most recently served as Managing Director at UBS Group's Global Wealth Management division, overseeing fund advisory and distribution businesses in North Asia. HKIFA Chairman Matthew Chau stated that Paula Ip's professional experience and leadership will support the association in promoting industry ecosystem collaboration and consolidating Hong Kong's position as a leading global asset management hub.

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26 NovWed
  1. Hong Kong Investment Funds Association: Updates and Fund Flows21

    The Hong Kong Investment Funds Association launches a new investor education animation series; Hong Kong retail funds net sales hit a near-decade high in the first three quarters of 2025.

    The Hong Kong Investment Funds Association (HKIFA) has launched a three-part investor education animation series, partnering with the Securities and Futures Commission (SFC) to promote fund literacy and anti-fraud awareness. Since its launch in mid-October, the series has accumulated 1.6 million views. In the first three quarters of 2025, total Hong Kong retail fund sales reached USD 82.6 billion, up 35% year-on-year, exceeding the full-year total of 2024; net inflows reached USD 15.7 billion, up 44% year-on-year, the highest level since 2015.

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