HK’s private capital market sentiment shows strong recovery

This is amongst the key drivers of compensation growth, along with robust hiring.

Sentiment in Hong Kong’s private capital market showed a strong recovery as it climbed to the mid-50% range, reflecting sustained optimism compared to the high 30% range two years ago, according to a Heidrick & Struggles report.

The growing optimism in the market and the more robust hiring were the key drivers of significant compensation growth in the Asia Pacific region, the report noted.  

The report found an upward trend in cash compensation, with 63% of respondents reporting increases in base pay and 50% seeing higher bonuses compared to 2023 across the Asia Pacific region.

In Hong Kong, investment professionals reported the highest median total cash compensation, with managing partners earning $16m (US$2.1m) in 2024.

“The Hong Kong market continues to demonstrate remarkable resilience, driven by strong investor confidence and a strategic shift toward diversified investment portfolios,” Stephen Zhang, partner at Hong Kong Heidrick & Struggles, said.  

($1=US$0.12)