Steady fund flows have bolstered Hong Kong’s asset, wealth hub status, SFC study finds
- Hong Kong-domiciled funds saw net fund inflows of HK$33 billion (US$4.2 billion) in the first quarter, following a 93 per cent jump last year, the SFC data showed
An increase in assets under management, a highly diversified investor base, globalised asset allocation and robust fund inflows have solidified Hong Kong’s position as an asset and wealth management hub, according to an annual survey by the Securities and Futures Commission (SFC).
Hong Kong-domiciled funds authorised by the SFC saw net fund inflows of HK$33 billion (US$4.2 billion) in the first quarter of 2024 after rebounding by a robust 93 per cent to HK$87 billion last year, according to the SFC.
These funds’ assets under management increased by 3 per cent in the first quarter after growing 5 per cent in 2023.
“The survey’s findings underscored the enduring strengths of Hong Kong’s asset and wealth management industry, particularly the market’s growing breadth and depth,” said Christina Choi, the SFC’s executive director of investment products.
The survey looked at 1,192 firms, including SFC-licensed companies engaging in asset management and fund advisory, banks engaging in asset management, private banking and private wealth management, and non-SFC registered licensed insurance companies.
Asset managers in Hong Kong continued to take a global portfolio mix, putting 60 per cent of assets managed into markets other than mainland China and Hong Kong.
