On April 9, 2026, the Faculty of Finance at City University of Macau held a finance seminar at Ho Yin Conference Center on Taipa Campus. The seminar featured Dr. Chin Lam Chu, Chairman of Macau Asset Management Association, as the keynote speaker. The seminar focused on the theme "The Development of Wealth Management in Modern Financial Services 2026". Distinguished guests included Mr. Miguel Lao (President), Miss Kaman Lai (Vice President), Miss Miki Lei (Vice Supervisor) and Miss Kimi Hui (General Affairs Secretary) of Macau Asset Management Association, as well as Dean Adrian Cheung and Associate Dean Eva Khong of the Faculty of Finance.
Dr. Chu is Chairman of Macau Asset Management Association and holds honorary president and honorary chairman positions in several charitable and social organizations in Macau. He has over 30 years of experience in the financial industry and administration, having trained more than 1,000 staff members for major banks and insurance institutions in Macau. Since 2012, he has been a visiting lecturer for master's programs and a master's thesis supervisor at City University of Macau.
At the beginning of the seminar, Dr. Chu stated that according to the "Domestic Asset Management Industry Report" released by the Asset Management Studio of the CITIC Financial Holding Wealth Management Committee, as of the end of 2025, the total scale of China's asset management industry reached 184.53 trillion RMB, an increase of 13.1% compared to the end of the previous year, making it the second-largest wealth management market globally.
Data from the Macau Statistics and Census Service shows that in 2025, the population aged 65 and above accounted for 15.3%, indicating that Macau has entered a deeply aging society. As life expectancy continues to rise, there is a certain societal demand for retirement wealth planning. According to the "Silver Economy Blue Book: China Silver Economy Development Report (2024)" released by the China Association of Social Welfare and Senior Service, the scale of the silver economy is expected to reach 30 trillion RMB by 2035. Macau can explore the development of silver wealth management, potentially extending services to those in the Greater Bay Area (GBA) with such needs. By leveraging its unique advantages, Macau can develop GBA silver wealth management, complementing other cities in the GBA, and target high-net-worth seniors, cross-border retirement groups, and middle-aged and young adults preparing for future retirement as its main service groups. To enhance service support for the elderly, the Hong Kong SAR banking industry has also introduced the "Guidelines for Age-friendly Banking Services." As one of the "9+2" GBA cities, Macau itself possesses the foundation and advantages for developing silver wealth management, including the realistic basis and unique opportunities for developing distinctive silver wealth management services, including wealth inheritance, retirement planning, investments, insurance, etc..
According to data released by the Guangdong Branch of the People's Bank of China, at the end of December 2025, the number of individual investors participating in the Cross-boundary Wealth Management Connect in the GBA reached 177,900. Among them, 123,000 were mainland investors, and 54,900 were Hong Kong and Macau investors. Through closed-loop fund transfer channels, pilot domestic institutions processed cross-boundary fund transfers totaling 131.299 billion RMB. The cross-boundary transfer amount between mainland China and Macau was 13.443 billion RMB, accounting for 10.2% of the total transfer amount. The Cross-boundary Wealth Management Connect can serve as an important tool for promoting the future development of silver wealth management in the GBA.
Furthermore, according to data from the Monetary Authority of Macau, the total gross premium income for the life and general insurance sectors in 2025 was 40.1 billion Macau Patacas, an increase of approximately 41% compared to 28.46 billion Macau Patacas in 2019 (pre-pandemic), indicating a stable and positive trend.
This seminar provided valuable industry information and market analysis to the faculty and students of CityU Macau. Dr. Chu shared the latest development trends in the financial industries of China and the GBA, contributing to an understanding of the sustainable and healthy development of Macau's financial industry and helping it contribute more to regional and global economic development. The students expressed that they greatly benefited from the seminar. The Faculty of Finance of the City University of Macau sincerely thanks Dr. Chin Lam Chu, Chairman of the Macau Asset Management Association, for his wonderful sharing. The Faculty of Finance will continue to organize such events, focusing on cultivating modern financial talents.