Hong Kong AUM Grows, Net Fund Inflows Surge
Hong Kong's asset and wealth management industry recorded growth in 2024, backed in part by a surge in net fund inflows.
Hong Kong saw assets under management (AUM) grow 13 percent to HK$35.1 trillion ($4.53 trillion) at the end of 2024, according to the Securities and Futures Commission's (SFC) Asset and Wealth Management Activities Survey 2024.
This includes a 15 percent increase in private banking and private wealth management AUM to HK$10.4 trillion and an 81 percent surge in fund inflow to HK$705 billion.
Locally Domiciled Funds
The net asset value of fund domicilled in Hong Kong and authorized by the SFC rose 22 percent to HK$1.64 trillion with net fund inflows of HK$163 billion. In the first five months of 2025, net asset value further grew to HK$1.99 trillion with additional inflows of HK$237 billion. As of end-May 2025, the number of Hong Kong-domiciled SFC-authorized funds increased to 987, up from 954 in 2024.
«Hong Kong is gaining more clout than ever as a leading international hub for asset and wealth management, propelled by strong fund inflows, financial innovation and a growing talent pool,» said Christina Choi, the SFC's executive director of investment products.
The survey was based on responses from 1,237 firms, including SFC-licensed corporations engaging in asset management and fund advisory business, banks engaging in asset management, private banking and private wealth management business, and non-SFC licensed insurance companies registered under the Insurance Ordinance and trustees.
