Hong Kong Securities and Futures Commission survey shows 2025 assets under management rose 20% to HKD 42.2 trillion

The Hong Kong Securities and Futures Commission has published its Asset and Wealth Management Activities Survey 2025, showing that Hong Kong’s asset and wealth management sector reached a record HKD 42.2 trillion in assets under management, up 20% year on year and above the previous 2021 peak of HKD 35.5 trillion. Growth was partly driven by net fund inflows rising 193% to HKD 2.1 trillion, marking a third consecutive year of inflow growth. Within that total, assets under management in the asset management and fund advisory business increased 19% to HKD 31 trillion, while private banking and private wealth management rose 24% to HKD 12.9 trillion. The survey also pointed to continued growth in Hong Kong-domiciled funds and industry capacity. Net asset value of SFC-authorised Hong Kong-domiciled funds increased 38% to HKD 2.3 trillion at end-2025 and then rose a further 13% to HKD 2.6 trillion at end-May 2026, while 2025 net inflows into those funds more than doubled to HKD 357 billion. Mainland-related firms in Hong Kong recorded 28% growth in asset and wealth management assets to HKD 3.9 trillion, supported by an 80% rise in net fund inflows. The number of registered open-ended fund companies increased 43% year on year, and firms licensed for Type 9 asset management activity rose 7% to 2,358. The SFC also highlighted that investors from outside Chinese Mainland and Hong Kong have accounted for more than 54% of total assets under management in recent years, with 56% of 2025 assets invested outside those markets and the share of non-equity investments rising to 58% over the past five years.