Online broker Tiger to double Hong Kong headcount, targets offshore China wealth

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Online broker Tiger to double Hong Kong headcount, targets offshore China wealth

By Selena Li

HONG KONG (Reuters) -Tiger Securities plans to double its headcount in Hong Kong over the next two to three years as the online brokerage targets a ******* share of the growing offshore ******** wealth in the financial hub, its chief executive said.

The Singapore-headquartered firm, founded in 2014 in Beijing, currently employs 60 people in Hong Kong, where it started operations in late 2022, founder and CEO Tinahua Wu told Reuters late Monday.

“Hong Kong is a very important global financial centre and it’s not only about the several million local residents,” Wu said. Tiger’s parent firm UP Fintech Holding listed in the U.S. in 2019.

“It is because it’s backed by China,” the 40-year-old former tech veteran said, adding growing accumulation of ******** wealth offshore needs investment services.

Securities trading activities have risen in the offshore ******** market since Beijing started to unveil a slew of stimulus last September, a trend which has not been dampened by the global trade tensions, according to Wu.

Mainland investors have poured HK$651 billion ($83 billion) into Hong Kong-listed shares via the Southbound Stock Connect so far this year, more than double the HK$283 billion during the same ******* last year, CICC analysts said in a note on Tuesday.

The capital inflows augurs well for local brokerages closely connected to clients in China, the world’s second-largest economy, at a time when U.S. President Donald Trump’s trade war weighs on investor appetite for U.S. assets.

The buoyant Hong Kong market has attracted some companies such as ******** e-commerce giant Alibaba-affiliate Ant Group to foray into Hong Kong by acquiring a 50.55% stake in local broker Bright Smart in April.

As more ******** high-net worth individuals set up family offices in Hong Kong and domestic companies increasingly seek to expand offshore, Wu said Tiger expects sizable growth in demand from both individual and corporate clients.

Tiger holds more than $50 billion worth of assets globally and operates in markets beyond Hong Kong, including the U.S., Australia, New Zealand, and Singapore.

The brokerage’s assets under custody, a key measure of client holdings in Tiger’s Hong Kong accounts, quadrupled in the first quarter of 2025 from the same ******* last year, according to UP Fintech’s first quarter report.

Strong pipeline of initial public listings in Hong Kong with “star” ******** firms coming to raise funds in the city has also resulted in heightened interest in buying and trading new shares, he said.

($1 = 7.8435 Hong Kong dollars)

(Reporting by Selena Li; Editing by Sumeet Chatterjee and Sherry Jacob-Phillips)

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