November 2026
Largest Asset Management Public Companies in Hong Kong
Benchmark revenue and EBITDA valuation multiples for public comps like
GoFintech Quantum, DL Holdings Group, Waton Financial, Aurelion and Gemini Investments.
 | GoFintech Quantum Innovation Ltd Formerly GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong backed by the Greater Bay Area. The company's reportable and operating segments are; Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and Insurance brokerage, Asset management, and Equity investment. It generates maximum revenue from the Securities brokerage and margin financing segment which engages in securities brokerage and margin financing in Hong Kong. Geographically, the company derives a majority of its revenue from Hong Kong and the rest from the People's Republic of China. | $0 | -33% | $2B | $2B | 8.9x | (7.4x) | ||
| DL Holdings Group Ltd is an investment holding company. It operates in given segments that include Sales of apparel products, Financial services of the licensed business, Family office services business, Money lending services and Enterprise solutions services, Sales of apparel products. The company generates the majority of its revenue from Financial services which include the provision of financial advisory services; securities research services; securities trading and brokerage services; margin financing services; referral services; and investment management and advisory services to the customers. | $0 | -68% | $202M | $211M | 5.1x | 28.5x | ||
| Waton Financial Ltd is a holding company that operates its business through subsidiaries in the securities brokerage and distribution services, margin financing services, and other ancillary services business; Software licensing and related support services, including licensing of trading platform applications, upgrades and enhancements, maintenance; and other associated services to securities brokers and financial institutions. The group also provided software licensing and related support services, including licensing trading platform applications, and others. | $2 | -40% | $96M | $85M | 7.7x | (6.3x) | ||
| Aurelion Inc is a Tether Gold (XAUT) Real World Asset (RWA) company focused on developing a business around tokenized gold. XAUT combines the stability of physical gold with the efficiency of blockchain, providing investors access to a tokenized gold reserve that could serve as a haven to inflation, currency devaluation, and crypto volatility. In parallel to building a business around the development of tokenized gold, Aurelion provides wealth management and asset management services. | $1 | -81% | $35M | $76M | 42.7x | (3.4x) | ||
| Gemini Investments is a Hong Kong-listed investment holding company with activities in property, securities and investment funds. Its property business owns investment assets that produce rental income, while its securities activities involve deploying capital in financial investments. In 2011 the company focused its property strategy on Hong Kong and mainland China, supported by its relationship with its major shareholder Sino-Ocean Land. It established a property investment fund with KKR to participate in development projects alongside Sino-Ocean. The company also considered investment opportunities in listed securities, commodities, mutual funds and private businesses. Its activities therefore combine direct investment ownership with participation in property investment structures and associated management opportunities. The group’s disclosed Hong Kong property investments included office premises in commercial buildings, with investment selection and portfolio restructuring forming part of its operating strategy. | $0 | -20% | $16M | $1B | 10.3x | (96.0x) | ||
| Median | $0 | -40% | $96M | $211M | 8.9x | (6.3x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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