Speech by FS at PWMA Wealth Management Summit 2026 (English only) (with photos/video)

Following is the keynote speech by the Financial Secretary, Mr Paul Chan, at the PWMA Wealth Management Summit 2026 today (November 5): Amy (Chairman, Executive Committee, Private Wealth Management Association (PWMA), Ms Amy Lo), Vivien (Chief Executive Officer and Managing Director, Private Wealth Management Association, Ms Vivien Khoo), Kelvin (Chairman, Securities and Futures Commission, Dr Kelvin Wong), Eddie (Chief Executive, Hong Kong Monetary Authority, Mr Eddie Yue), Consuls-General, distinguished guests, ladies and gentlemen, Good morning. It is a pleasure to return to the PWMA Wealth Management Summit. I thank Amy and the Association for bringing us together. For an industry that believes in diversification, you have gathered a remarkable amount of expertise in one room. I am glad to see that the benefits far outweigh the concentration risk. Let me begin with congratulations on another successful year. According to the Securities and Futures Commission (SFC) survey released in July, assets under management by the industry grew by 20 per cent to over HK$42 trillion, and Hong Kong is now the largest cross-boundary wealth management centre in the world. Your new Hong Kong Pr

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