• TABLE OF CONTENTS
• What is Asset management?
• Why Asset Management is in demand in Hong Kong? 
• Talent List
• How can FastLane HR Help ?

 

What is asset management?

Asset management refers to the professional management of various types of assets, such as:

• stocks
• bonds
• real estate
• commodities

on behalf of individuals, institutions and corporations.

Asset managers use their expertise and resources to make investment decisions that aim to generate returns for their clients.

They provide services including:

• portfolio management
• financial planning
• investment advice
• risk management
• other related services

They work closely with their clients to understand their investment objectives, risk tolerance and financial goals, then develop investment strategies that align with those objectives.

It is an important part of the financial industry, providing individuals and institutions with access to professional investment management services that can help them achieve their financial goals.

 

Why Asset Management is in demand in Hong Kong?

1. Asian Economic Growth

With the improving infrastructure development and increasing integration into the global economy, Asia is experiencing rapid economic development. Many countries like China, India and Indonesia are changing from low-income to middle-income statuses. People expect tremendous demand for investable assets and investment product packages due to economic growth and wealth accumulation in Asia. Hong Kong’s strategic location with its well-established financial infrastructure, makes it an attractive destination for investors seeking access to the Asian markets. As a result, the asset management industry plays a crucial role in facilitating cross-border investment flows and promoting economic growth in the region.

 

2. Financial Market Liberalization

As China continues to liberalize its financial markets, more investment opportunities are available to foreign investors. With the opportunities of the Belt and Road Initiative and the Greater Bay Area, Hong Kong will continue its role of being the largest offshore trading hub for Renminbi. Plenty of investment opportunities significantly increases the demand for Portfolio Management, Private wealth management and Compliance risk management in Hong Kong.

 

3. Absolute Advantage in Hong Kong

Hong Kong’s position as an International Financial Center, has a well-developed financial infrastructure that provides outstanding financial services. Besides, the strong rule of law in Hong Kong provides investors with a high degree of confidence and protection. The legal system is transparent and independent. Contract law are also enforceable. After the raging pandemic, the above absolute advantage will continuously make Hong Kong an attractive destination for foreign investors seeking exposure to the global market. 

 

Talent List

The asset management industry in Hong Kong is facing a talent gap, particularly in investment specialists/advisors, portfolio managers and compliance and risk management. The shortage of skilled professionals could limit the industry potential growth and its competitiveness.

With the above opportunities and challenges, The Hong Kong Government has consistently demonstrated its commitment to promoting the development of the asset management industry in the region.

 If you are interested in working in Hong Kong and you have solid experience in investment analysis, investment consulting or compliance in asset management, you can take advantage of various admission schemes according to the Talent List in Hong Kong. Details are as below:

Talent List	Requirements
Professionals in Compliance in Asset Management	Have expertise in: managing compliance risks establishing and implementing compliance policies and procedures handling regulators’ requests providing compliance advice and training Have a bachelor’s or higher degree in: commerce finance business administration economics accounting law Have completed on-the-job training and industry courses and programmes. Have at least 3 years of relevant compliance experience in asset management firms or related professional firms. Knowledgeable in finance and relevant rules, regulations and guidelines of regulatory authorities in Hong Kong and other major markets relevant language skills.
Asset Management Professionals	At least a bachelor’s degree in: commerce finance business administration economics accounting law Heceived on-the-job training and industry courses and programmes. Have at least 3 years of experience in the fund management industry Knowledgeable in finance and client servicing, managing funds portfolios and language skills (e.g. English and/or Mandarin).

 

How can FastLane HR help?

At FastLane HR, we have extensive experience in helping clients to apply for work visa and work permit in Hong Kong. These includes:

• Hong Kong’s General Employment Policy (GEP)
• Admission Scheme for Mainland Talents and Professionals (ASMTP)
• Top Talent Pass Scheme (TTPS)
• Technology Talent Admission Scheme (TechTAS)

If you would like to find out how you can apply for Hong Kong’s talent admission scheme, please don’t hesitate to send us a message and see how we can help.