The Hong Kong Securities and Futures Commission published its Asset and Wealth Management Activities Survey 2024, reporting that Hong Kong’s asset and wealth management assets under management rose 13% year on year to HKD 35.1 trillion at end-2024, supported by net fund inflows of HKD 705 billion, an 81% increase. Private banking and private wealth management AUM grew 15% to HKD 10.4 trillion. Hong Kong-domiciled funds authorised by the SFC increased net asset value by 22% to HKD 1.64 trillion at end-2024 and by a further 21% to HKD 1.99 trillion at end-May 2025, with net fund inflows of HKD 163 billion during 2024 and HKD 237 billion in the first five months of 2025. The survey also found that asset managers allocated 59% of assets outside Mainland China and Hong Kong, while non-equity investment rose by 13 percentage points to 59% over the past five years; other highlights included a 571% rise in net inflows for asset management and fund advisory to HKD 321 billion, a 93% increase in registered open-ended fund companies, 15% AUM growth for Mainland-related firms to HKD 3.1 trillion with net inflows up 68%, and a 4% increase in Type 9 (asset management) licensees to 2,212. The survey covered 1,237 firms across SFC-licensed corporations, banks, registered insurers and trustees, and excluded entities not required to be licensed under the Securities and Futures Ordinance such as single family offices, sovereign wealth funds and endowments.

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