Global State of the Market Report
In 2020, the Advisory Board Centre mapped professionals currently serving on advisory boards. This assessment identified over 4,000 professionals on advisory boards across Hong Kong and Mainland China and has projected a 54% growth for the sector in the region.
Hong Kong’s Advisory Board Landscape
Research has identified that the advisory board sector is emerging, and advisors exist as a profession in Hong Kong. As an emerging sector, advisory board professionals may have opportunities in key sectors, including financial services, trading and logistics, and professional and producer services, and are encouraged to stay open-minded to start-ups and emerging industries.
There is a growing opportunity for professionals to increase participation in Hong Kong, by formalising advisory board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal advisory boards over time.
Future Growth Opportunities
With its global focus, corporatised advisory boards for multinationals, and project-based advisory boards for businesses operating within the region and those with international expansion strategies will be on the rise.