The assets under management (AUM) for Hong Kong's asset and wealth management industry climbed 13% year on year to HK$35.1 trillion as of end-2024, according to the Securities and Futures Commission's annual survey released Wednesday.
Net fund inflows surged 81% to HK$705 billion, marking a strong rebound in investor appetite. Private banking and wealth management AUM rose 15% to HK$10.4 trillion.
Hong Kong-domiciled funds posted a 22% increase in net asset value to HK$1.64 trillion by end-2024, followed by further growth to HK$1.99 trillion as at end-May 2025.
SFC-licensed managers allocated 59% of their AUM outside Hong Kong and Mainland China, reflecting a trend toward broader diversification.
Mainland-related managers in Hong Kong recorded 15% AUM growth to HK$3.1 trillion, outperforming the industry average for a fifth consecutive year.
The results align with Boston Consulting Group's Global Wealth Report 2025, which ranked Hong Kong as one of the world's top two cross-border wealth hubs alongside Switzerland.