Hong Kong-Domiciled Funds Surge 36% to USD29bn as Tokenised Products Expand

Hong Kong-domiciled funds saw assets under management rise 36% year-on-year to HKD2.27tr (USD29bn) in the third quarter, highlighting the city’s resilience and deeper integration with global markets, according to the Securities and Futures Commission.

The number of locally domiciled funds increased 7.8% to 1,022 as of September, with net inflows of HKD46.9bn during the quarter.

SFC chief executive Julia Leung Fung-yee said Hong Kong’s markets showed steady and diversified growth despite global headwinds, underscoring the importance of strong regulation and investor protection.

Virtual-asset spot ETFs grew 33% in market value to HKD5.47bn, while tokenised retail money-market funds surged 557% to HKD5.48bn. The SFC also signed six new cross-border cooperation agreements this year.