Hong Kong’s asset and wealth management industry recorded a 20% increase in assets under management to a record high, the Securities and Futures Commission said on Thursday in its 2025 survey results.
The increase was faster than in the prior year. The SFC’s 2024 survey, published in July 2025, recorded total AUM of HK$35,142 billion at end-2024, up 13%, with net fund inflows of HK$705 billion.
What the survey covers
The SFC’s annual survey covers four business lines: asset management and fund advisory, private banking and private wealth management, assets held under trusts, and asset and wealth management activity of mainland-related firms. The respondents comprise licensed corporations, registered institutions, insurance companies, and trustees.
At end-2024, 63% of total AUM was sourced from investors outside Hong Kong, the prior survey showed.
Cross-border backdrop
Cross-border channels expanded during the period. The Mutual Recognition of Funds sales cap for Hong Kong funds in Mainland China rose from 50% to 80% in January 2025, and southbound Wealth Management Connect 2.0 investor numbers were up 261% by end-March 2025 versus a year earlier.
Hong Kong-domiciled SFC-authorised funds saw their combined NAV rise from HK$1,642 billion at end-2024 to HK$1,985 billion by end-May 2025, while registered open-ended fund companies reached 472, up 93% year on year.
