Hong Kong Wealth Assets Rise 13% as Fund Inflows Accelerate

Hong Kong’s asset and wealth management industry expanded by 13% in 2024, reaching HKD35.1tr (USD5.7tr), according to the Securities and Futures Commission (SFC). Net fund inflows soared 81% year-on-year to HKD705bn, with asset management and advisory inflows rising to HKD321bn. Private banking and wealth assets increased 15% to HKD10.4tr, recovering from pandemic-era outflows. The rebound reflects Hong Kong’s strengthened appeal amid new tax incentives and residency schemes. Locally domiciled funds attracted HKD163bn in inflows in 2024, followed by HKD237bn in the first five months of 2025. The survey covered 1,237 firms including asset managers, insurers, and private banks.