Hong Kong Securities and Futures Commission: By the end of 2024, the total value of assets under management in the asset and wealth management business in Hong Kong will increase to HK$35.1 trillion.

On July 16, Hong Kong's Securities and Futures Commission released the "2024 Asset and Wealth Management Activities Survey", which pointed out that Hong Kong, as a leading international asset and wealth management center, is entering a golden period. Last year, its total managed assets increased by 13% year-on-year, with net fund inflows surging by 81%. The survey showed that by the end of 2024, the total managed assets of Hong Kong's asset and wealth management industry had risen to HK$35.1 trillion (US$4.53 trillion), with the main growth driver coming from a net fund inflow of HK$705 billion (US$91 billion). In particular, the sub-categories of private banking and private wealth management saw a 15% year-on-year increase in managed assets to HK$10.4 trillion (US$1.3 trillion). Hong Kong-registered funds recognized by the Hong Kong Securities and Futures Commission also demonstrated steady growth, with their net asset value increasing by 22% to HK$1.64 trillion (US$210 billion) by the end of 2024, and further rising by 21% to HK$1.99 trillion (US$256 billion) by the end of May 2025. The net fund inflow for these funds reached HK$163 billion (US$20.9 billion) in 2024, and reached HK$237 billion (US$30.5 billion) in the first five months of 2025. Hong Kong asset managers are leveraging their global investment management capabilities, with 59% of their managed assets allocated to markets outside of mainland China and Hong Kong. Over the past five years, their non-equity investments have increased by 13 percentage points to 59%, reflecting a more diversified asset allocation strategy to cope with rapidly changing global environments. The results of this survey are consistent with the recent "Global Wealth Report 2025" released by the Boston Consulting Group (BCG). The report ranks Hong Kong and Switzerland as the two largest global cross-border wealth management centers in 2024, with Hong Kong's cross-border wealth total value leading the regions at US$231 billion, and its year-on-year growth rate of 9.6% outperforming the global average. Ms. Cai Fengyi, Executive Director of the Investment Products Department of the Hong Kong Securities and Futures Commission, said, "Benefiting from strong fund inflows, financial innovation, and a growing talent pool, Hong Kong's influence as an international asset and wealth management hub is steadily rising. The Commission is committed to expanding fixed income and money market offerings to support Hong Kong's development as a comprehensive services international financial center and leading offshore renminbi hub." Other key points of the Hong Kong Securities and Futures Commission's survey report include: - Net fund inflows for asset management and fund advisory businesses soared by 571% to HK$321 billion (US$41.3 billion) in 2024. - The number of registered open-ended fund companies continued to grow significantly, increasing by 93% year-on-year in 2024, reflecting asset management companies leveraging Hong Kong's corporate fund structures and related government support. - Mainland-related institutions in Hong Kong continued to expand, with their managed assets in the asset and wealth management business growing by 15% to HK$3.1 trillion (US$397 billion), outperforming the industry average for the fifth consecutive year. The net fund inflows for these institutions surged by 68%. - The number of institutions licensed for asset management activities (Type 9 regulated activities) in Hong Kong increased by 4% to 2,212.