Online brokerage Tiger Brokers intends to increase its Hong Kong headcount by two times to capture more offshore Chinese wealth, according to CEO and founder Tinahua Wu. The Singapore-headquartered firm currently has 60 staff members in Hong Kong, according to a Reuters report.
Wu emphasised Hong Kong’s strategic importance as a global financial centre and its backing from China for the Tiger Brokers Hong Kong expansion move.
He noted a rise in securities trading activity in the offshore Chinese market, with mainland investors funnelling HK$651 billion into Hong Kong-listed shares via Southbound Stock Connect this year. This was more than double the HK$283 billion during the same period in 2024, CICC analysts shared via a note.
Wu cited potential for growing demand from both individuals and corporations, particularly as more Chinese high-net-worth individuals establish family offices in Hong Kong. Domestic companies are looking to expand offshore as well.
Recent capital inflows and IPO activity, including Ant Group’s acquisition of a majority stake in Bright Smart, further signal Hong Kong’s momentum.
Following 2023 regulations that restricted brokers from onboarding mainland China clients without offshore accounts, Tiger and competitor Futu Holdings have been rapidly expanding their services. Both brokerages now serve Chinese clients through their offshore entities, Reuters shared.
Tiger, listed in the U.S. through its parent company, UP Fintech Holding, purportedly holds over US$50 billion in global assets. Its Hong Kong assets under custody quadrupled in Q1 2025 year-on-year, based on the company’s information. The firm also operates in the U.S., Australia, New Zealand, and Singapore.
Featured image: Edited by Fintech News Hong Kong, based on image by thanyakij-12 via Freepik