The Hong Kong Securities and Futures Commission (SFC) has issued its financial review of Hong Kong’s securities industry for 2024, reporting broad-based growth in firms’ financial performance. Total net profits rose 56% year on year to HKD 44.4 billion, alongside an 11% increase in total income to HKD 222.6 billion, while the total value of transactions by all securities dealers and securities margin financiers jumped 34% to HKD 144.1 trillion. The income increase outpaced a 4% rise in overheads. By income category, net securities commission income increased 18% to HKD 20.2 billion, asset management income rose 14% to HKD 37.5 billion, and income from underwriting and placing of securities grew 118% to HKD 11.1 billion. The review covers corporations licensed for dealing in securities or securities margin financing, including both Stock Exchange of Hong Kong Limited participants and non-participants.
Hong Kong Securities & Futures Commission 2025-03-26
Hong Kong Securities and Futures Commission publishes 2024 securities industry financial review showing net profits up 56% to HKD 44.4 billion
The Hong Kong Securities and Futures Commission reported a 56% increase in total net profits to HKD 44.4 billion for Hong Kong's securities industry in 2024. Total income rose 11% to HKD 222.6 billion, with transaction values up 34% to HKD 144.1 trillion. Notable income growth included an 18% rise in net securities commission income and a 118% increase in underwriting and placing income.