Assets under management in Hong Kong would double with the addition of just a small portion of the money global insurance and pension funds have to invest, according to a member of the Financial Services Development Council (FSDC).
Hong Kong should do more to attract this so-called patient capital – assets that insurance companies and pension funds invest for the long term, said the government think tank that promotes the city as an international financial centre, in a report on Wednesday.
Globally, pension funds had total assets of US$68 trillion at the end of last year, while global insurers had investment assets of US$42 trillion at the end of 2024, according to data from the FSDC.