Media OutReach
Hong Kong Trust Industry Well Positioned for Growth as Regulations Boost Credibility and Investor Confidence, KPMG and HKTA Report Shows
- Recent regulatory changes enhance credibility for corporate trustees but add to complexity and costs
- New eMPF Platform to reshape Hong Kong’s pension system and bring wave of change for pension trustees
HONG KONG SAR – Media OutReach Newswire – 18 March 2025 – Access to Chinese Mainland clients, Asia’s growing private wealth sector and improving industry credibility are underpinning a positive outlook for Hong Kong’s trust industry, provided practitioners can overcome the headwinds of increasing compliance costs and access to talent, according to a survey from the Hong Kong Trustees’ Association (HKTA) and KPMG.
The HKTA and KPMG conducted interviews with government officials and regulators, and almost 30 trust industry executives, alongside a digital survey of HKTA member institutions, in order to gauge the health of the sector, which performs a vital role in safeguarding assets held in pension schemes, as well as in corporate, charitable, private and public trusts.
Hong Kong’s trust market grew by 10% from 2021 to 2023, with HK$5,188 billion (US$667 billion)[1] of assets held under trusts at the end of 2023, compared with HK$4,719 billion (US$606 billion) when the previous HKTA-KPMG report was issued in 2021.
When considering the most significant growth engines over the next few years, 24% of respondents identified Chinese Mainland and Greater Bay Area (GBA) connectivity initiatives, such as Wealth Management Connect. A further 18% selected the Capital Investment Entrant Scheme (CIES) under which the Hong Kong SAR government has been attracting capital and family offices, and 18% selected similar initiatives focused on family offices and philanthropy.
The report found that recent regulatory developments are increasing confidence and enhancing protection for investors. These include the introduction of RA13 for depositaries of SFC-authorized Collective Investment Schemes (CISs) and the Hong Kong Monetary Authority’s Supervisory Policy Manual Module (TB-1). Sixty four percent (64%) of survey respondents said the regulatory regime is conducive to business, compared with 51% in 2021.
However, while new regulations are improving the business environment, they are also proving challenging to implement. Almost two-thirds of survey respondents (64%) reported that their compliance costs had increased by at least 5% to 15% over the past 12 months, partly because of increasing regulatory complexity.
Attracting talent was also seen as a significant industry headwind, with Legal & Compliance roles and Trust Administration the two most critical functions.
Hong Kong’s trust and fiduciary industry plays a critical role in the city’s success as a major international financial centre, employing a diverse range of professionals across banks, independent trust companies, insurers, private banks and legal, tax and accounting providers. The sector is critical in protecting the financial wellbeing of the vast majority of Hongkongers, including 87% of the working population who have assets held under the MPF[2] and ORSO[3] schemes.
Launching the report, HKTA Chairman Ms. Ka Shi Lau said: “Trustees continue to play a crucial role in Hong Kong’s financial system, and their importance is particularly evident in the MPF system, which is pivotal in safeguarding the retirement assets of Hong Kong people. With 2025 marking the 25th anniversary of MPF, it is fitting that the 4th Trust Industry Report is released in celebration of this milestone and provides an endorsement of the system’s good health. Moreover, the recent transition to the new eMPF Platform is a significant step forward for fund visibility and member-centricity. However, it will also bring both challenges and opportunities for trustees.”
Arion Yiu, Partner, Asset Management, Hong Kong, for KPMG China adds: “Pension funds remain the largest asset category held under trusts, underscoring the significance of the trustee role in safeguarding Hong Kong’s retirement savings. The transition to eMPF, while presenting challenges, will also compel the trust industry to explore new avenues for differentiation and place a greater emphasis on governance to better serve MPF members.”
Vivian Chui, Head of Securities and Asset Management, Hong Kong, for KPMG China said: “Recent regulatory developments have increased Hong Kong’s attractiveness and credibility as both a funds and a trust centre. However, this positive momentum must be met with a proactive approach to talent acquisition. Showcasing the diverse and rewarding career paths available within the industry will be crucial to attracting the next generation of professionals.”
Ms. Ka Shi Lau further commented: “While compliance, reporting and regulatory requirements are becoming increasingly stringent, these new standards are also bringing with them increased credibility. Hong Kong is rolling out the red carpet for global wealth. The trust industry needs to step up now, work together, and be proactive in serving these clients or risk missing out on the opportunity to solidify Hong Kong’s position as a leading global trust centre.”
For a full copy of the report, please visit the HKTA Website or the KPMG Website.
Hashtag: #KPMG
The issuer is solely responsible for the content of this announcement.
The Hong Kong Trustees’ Association
The Hong Kong Trustees’ Association Limited (HKTA) was established in 1991 by members of the trust and fiduciary services sectors to represent the trust industry in Hong Kong, particularly in the areas of legislation and education. It is a not-for-profit company limited by guarantee and incorporated in Hong Kong. The HKTA currently has more than 220 corporate and individual members, and represents thousands of people working in the trust, pensions, private banking, asset servicing, legal, accounting and other professional services fields.
Mission:
- Represent the trust industry in promoting high standards of professionalism, corporate governance and regulatory compliance;
- Contribute towards advancing the status of Hong Kong trust professionals and that of the industry internationally;
- Represent the industry to the government, the media, local and international professional bodies and the public in promoting Hong Kong as an international trust and fiduciary services centre;
- Promote quality standards for the industry by the issuance of Best Practice Guides applicable to corporate trusts, pension schemes, private trusts and charitable trusts;
- Contribute towards enhancing the education and knowledge of practitioners in the trust industry through relevant trust accreditation and training programmes.
- Contribute towards enhancing public education on trust fraud.
KPMG
KPMG in China has offices located in 31 cities with over 14, 000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. It started operations in Hong Kong in 1945. In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. In 2012, KPMG became the first among the “Big Four” in the Chinese Mainland to convert from a joint venture to a special general partnership.
KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organisation or to one or more member firms collectively.
KPMG firms operate in 142 countries and territories with more than 275, 000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.
Celebrating 80 years in Hong Kong
In 2025, KPMG marks “80 Years of Trust” in Hong Kong. Established in 1945, we were the first international accounting firm to set up operations in the city. Over the past eight decades, we’ve woven ourselves into the fabric of Hong Kong, working closely with the government, regulators, and the business community to help establish Hong Kong as one of the world’s leading business and financial centres. This close collaboration has enabled us to build lasting trust with our clients and the local community – a core value celebrated in our anniversary theme: “80 Years of Trust”.
Just over four hours from Changi Airport. Visa-free entry. And almost entirely unexplored by Singapore’s diving community.
To close that gap, the Taiwan Pavilion returned for its second consecutive year, transforming the Suntec Convention Centre into a gateway to Taiwan’s four major aquatic frontiers. This year’s headline act: Green Island (Lyudao)—a volcanic gem rising from the Pacific that’s still well under the radar for most Southeast Asian travellers.
Green Island: Taiwan’s Most Underrated Dive Destination
Green Island is not just another dive site. Swept by the warm Kuroshio Current, the island delivers visibility that regularly exceeds 30 metres—a “liquid glass” effect that few dive sites in Southeast Asia can match.
- The Ancient Guardian: Divers can encounter the “Big Mushroom,” a living coral structure believed to be over 1,000 years old—a humbling reminder of what the ocean can sustain when left in peace.
- The World’s Deepest Postbox: At the Shilang Diving Area, you can mail waterproof postcards from the world’s deepest underwater mailbox (11 metres down). It’s the kind of quirky detail that makes travel worth talking about.
- Dive by Day, Soak by Night: Green Island is home to the Zhaori Saltwater Hot Springs—one of the rare seawater hot springs globally. Trading your wetsuit for a poolside soak at sunset is the kind of contrast that turns a trip into a story.
Xiaoliuqiu: Taiwan’s Best Island Escape Off the Clock
Floating off the coast of Pingtung, this compact coral island is one of the few places on Earth where wild sea turtles are so at home, they’ve practically become locals—surfacing beside snorkelers with an ancient calm.
- The Locals Who Never Leave: Xiaoliuqiu hosts one of Taiwan’s densest populations of green sea turtles. With a professional dive guide leading you beneath the surface, an underwater encounter with a creature that has outlived the dinosaurs becomes less a lucky sighting and more a near-certainty.
- Dive by Day, Own the Night: When the sun drops, Xiaoliuqiu doesn’t go quiet—it shifts gear entirely. Night ecology tours reveal a different cast of creatures, and the evening ends not at a hotel bar but around a fire with fresh BBQ seafood under a sky with almost zero light pollution. That’s the kind of night that still feels real a week later.
Penghu: The Basalt Archipelago With a Coral Heart
Anchored in the Taiwan Strait and shaped by seasonal winds that have carved its basalt coastline for millennia, Penghu delivers a version of Taiwan that feels genuinely off-script—ancient, oceanic, and spectacular on its own terms.
- The Bridge That Crosses the Sea: At nearly 2.5 kilometres, the Penghu Cross-Sea Bridge is the kind of infrastructure that earns its own mythology. Drive it at golden hour, with open water stretching in every direction, and a standard itinerary starts to feel like an expedition.
- Taiwan’s Best-Kept Secret Island: Huching Islet—once named one of the world’s top ten secret islands—greets visitors with towering basalt columns, cats that outnumber people, and a pace of life that has no interest in catching up with the mainland. It’s 20 minutes by boat from Magong, and a different world entirely.
- The Double Heart in the Sea: At the southern tip of the archipelago, Qimei Island’s twin stone fish traps curve into two interlocking hearts—built centuries ago by fishermen, now one of Taiwan’s most iconic images. The rare landmark that earns its reputation without trying.
- The Coral That Grows Back: Penghu’s coral restoration programme lets travellers do something rarer than sightseeing—actively participate in reef recovery, planting coral fragments on underwater nurseries alongside marine biologists. The most meaningful souvenir you can’t bring home.
Sustainability: More Than a Trend
With 45.8% of surveyed divers aged 25–34 expressing strong interest in eco-conscious travel, the Pavilion put sustainable diving front and centre. World-renowned underwater photographer Yorko Summer appeared alongside conservationists Peggy (TurtleSpot Taiwan) and NT (Penghu Reef Restoration) to demonstrate how Taiwan is going beyond tourism rhetoric into genuine marine stewardship—3D-printed eco-substrates, sea turtle nesting patrols, and active reef monitoring. Singaporean divers aren’t just being invited to visit—they’re being invited to contribute.
World-Class Gear, Made in Taiwan
The Pavilion also shone a light on Taiwan’s homegrown dive industry. Brands including ATMOS, 123 Underwater Lab, and DIVEVERYDAY demonstrated that the “Made-in-Taiwan” (MIT) spirit extends well beyond electronics and manufacturing—into world-class dive technology ready for Singapore’s most discerning enthusiasts.
— Taiwan Tourism Administration, Singapore Office
As ADEX 2026 makes clear, Taiwan’s dive scene represents one of the most significant untapped opportunities in the Singaporean travel market. For divers looking for somewhere extraordinary—somewhere most of their friends haven’t been yet, just a short flight away—the Pacific has been keeping a secret.
It’s time to dive in.
Hashtag: #ADEX2026
The issuer is solely responsible for the content of this announcement.
The BleeqUp Ranger debuts locally, featuring Sony 16MP imaging, open-ear audio, and optional ZEISS optics for the ultimate outdoor experience.
SINGAPORE – Media OutReach Newswire – 20 April 2026 – BleeqUp, the innovator in AI-powered sports technology, today announced the official launch of the BleeqUp Ranger in Singapore. Following its global debut at IFA Berlin, the Ranger arrives as the world’s first 4-in-1 sports camera glasses to enter mass production, offering a streamlined solution for cyclists, runners, and outdoor enthusiasts.
Weighing less than 50g, the BleeqUp Ranger replaces the need for bulky action cameras, separate headphones, and communication gear. It integrates high-fidelity imaging, long-endurance battery life, and open-ear audio into a single, aerodynamic frame.
Key Highlights :
- Available in ZEISS Lenses: Precision-engineered for sharper visuals, reduced distortion, and enhanced contrast in varying light conditions.
- Sony’s 16MP Camera: Capture POV footage exactly as you see it. With 4K photos and specialized EIS stabilization, the Ranger now supports 3K at 60FPS* video recording.
- One-Tap AI Editing: Turn your footage into highlights automatically. Smart scene recognition and AI-driven editing make sharing your best moments faster and easier than ever.
- Open-Ear Audio: Stay connected to your surroundings while listening. Four speakers and wind-noise reduction keep music and calls clear, even at speeds up to 40 km/h.
- Real-Time Walkie-Talkie: Coordinate with your team on the move. Featuring instant group communication and a dedicated Bluetooth controller, the Ranger keeps you connected without taking your hands off the bars.
*Compatibility Note: Specific feature availability and performance may vary by device model. Please check our official website for the latest compatibility updates.
Availability and Exclusive Launch Offers
Starting April 20, 2026, the BleeqUp Ranger will be available nationwide at premium retailers including Best Denki, Courts, Singtel, Takashimaya, and Sprint-Cass (Changi Airport). For online convenience, customers can purchase the Ranger through the Shopee Official Store, Lazada Official Store, KrisShop and Decathlon Online. To celebrate the launch, exclusive perks such as a SGD 100 voucher (at Singtel) and 50% off accessories (at Takashimaya) will be available for a limited time.
Hashtag: #BleeqUp
The issuer is solely responsible for the content of this announcement.
About BleeqUp
Founded in 2022, BleeqUp is dedicated to redefining performance and safety for outdoor adventurers. By combining advanced AI with premium optical design, BleeqUp helps athletes ride further, move smarter, and stay safer.
Media OutReach
Monash IVF Singapore Spotlights Male Factor Infertility for National Infertility Awareness Week (NIAW)
While fertility discussions often centre on women, statistics show that male factors contribute to approximately 50% of all infertility cases. Male factor infertility can arise from a range of factors, including low sperm count, reduced sperm motility, abnormal sperm morphology, hormonal imbalances, genetic conditions, or underlying medical issues. Lifestyle factors such as smoking, alcohol consumption, stress, and environmental exposures may also affect sperm quality over time.
Despite its prevalence, male factor infertility is often less discussed in Singapore, which can lead to delays in assessment and treatment. Early evaluation, including semen analysis and medical consultation, can help identify potential concerns and guide appropriate next steps for couples.
To support greater awareness, Monash IVF is launching a series of digital educational content aimed at de-stigmatising male reproductive health and providing actionable insights for men to take charge of their fertility. These resources will cover common causes of male infertility, when to seek medical advice, and the types of assessments and treatment options available. By making this information more accessible, the clinic aims to encourage earlier evaluation and more open conversations about male factor infertility, both within relationships and in the wider community.
As Singapore’s demographic landscape evolves, Monash IVF Singapore is contributing to broader discussions on reproductive health. With the national Total Fertility Rate (TFR) reaching a record low of 0.87 in 2025, the need for comprehensive and patient-centred fertility care continues to grow.
Understanding Modern Fertility Challenges: Beyond Biological Factors
The decline in fertility is not merely a biological hurdle but a reflection of the intense pressures that Singaporeans face today. The “workplace rat race”, high-stress environments, and environmental factors have contributed to a trend of delayed parenthood. Many individuals are choosing to start families later due to career progression, financial considerations, and evolving life priorities. At the same time, age remains a key factor, as both egg and sperm quality may decline over time.
As such, these same pressures do not just delay parenthood; they also make it more difficult for individuals to pursue fertility treatments in Singapore. Managing appointments, coping with the physical and emotional demands of treatment, and balancing work responsibilities can become an added strain for many.
“Fertility is often treated as a private struggle, but it is a societal challenge,” says June Jonet, Marketing and Business Development Head of Monash IVF Singapore. “We are calling for greater understanding and support within the workplace. Employees undergoing fertility treatments or preservation need an environment that recognises the physical and emotional toll of this journey, rather than one that penalises them for it.”
Monash IVF’s Approach to Assisted Reproductive Care
Monash IVF Singapore’s clinical and laboratory team is led by Chief Embryologist Ng Pei Hui, supported by a team of senior embryologists and Fertility Specialists, including Dr Kelly Loi, Dr Suresh Nair, and Dr Yap Lip Kee.
The clinic applies a range of established assisted reproductive techniques to enhance success rates, tailored to individual clinical needs. These include:
- Piezo-ICSI: A fertilisation method that uses a blunt needle with high-speed vibration to gently penetrate eggs and assist sperm injection. It may be considered in cases involving fragile oocytes or advanced maternal age.
- IMSI: A technique that uses high-magnification imaging to support sperm selection, enabling embryologists to identify and avoid sperm with morphological abnormalities, such as vacuoles.
- PICSI: A method of biological sperm selection using hyaluronic acid to help identify mature sperm with a lower likelihood of DNA damage.
- Embryoscope+: A time-lapse imaging system that continuously monitors embryo development without disrupting stable culture conditions, supporting the selection of embryos with strong developmental potential for transfer.
The Power of Planning: Fertility Preservation
Alongside treatment, Monash IVF Singapore highlights the importance of proactive planning. As more women and couples choose to delay parenthood, elective egg freezing (a form of fertility preservation) has become a vital tool. At the same time, early assessment of male factor infertility, including semen analysis, can identify potential concerns and help couples prepare more confidently.
“Even with the range of treatments available today, timing still matters,” says Chief Embryologist Ng Pei Hui. “Early consultation allows patients to better understand their options and make informed decisions.”
With infertility affecting approximately 1 in 6 individuals, it is now recognised as a relatively common medical condition rather than a rare exception. This is why at Monash IVF Singapore, fertility care is not only about addressing challenges as they arise but also about supporting early planning for both men and women. With options such as elective egg freezing, male fertility assessment, and fertility health checks, the clinic aims to help Singaporeans better understand their reproductive health and make informed decisions at different stages of their journey.
For more information about Monash IVF Singapore and what they do, visit their website.
Hashtag: #MonashIVF #malefertility #mensfertility #reproductivehealth #fertilityawareness #menswellness
The issuer is solely responsible for the content of this announcement.
About Monash IVF Singapore
Monash IVF Singapore is part of the global Monash IVF Group, a pioneer in reproductive medicine since achieving the world’s first IVF pregnancy in 1973. We provide a full suite of fertility services, combining compassionate patient care with the latest scientific breakthroughs.
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