In 2024, Hong Kong's asset and wealth management sector experienced a significant boost with a 13% increase in assets under management ("AUM") and an 81% surge in net fund inflows, reaching a total of $35.1 trillion (US$4.53 trillion). Hong Kong-domiciled funds authorized by the SFC saw their net asset value grow by 22% to $1.64 trillion (US$211 billion) in 2024 and further increase by 21% to $1.99 trillion (US$256 billion) by May 2025. Leveraging global expertise, Hong Kong’s asset managers allocated 59% of assets outside of Mainland China and Hong Kong. The city was ranked among the world's top-two cross-border wealth centers. The SFC reported a 571% increase in net fund inflows to $321 billion (US$41.3 billion) in 2024.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On July 16, 2025, Hong Kong's asset and wealth management business recorded a substantial growth spurt in 2024, with a notable 13% increase in assets under management ("AUM") and an 81% surge in net fund inflows. The total AUM reached $35.1 trillion (US$4.53 trillion), with private banking and private wealth management growing by 15%.
Hong Kong-domiciled funds authorized by the Securities and Futures Commission ("SFC") also exhibited significant growth. Their net asset value climbed 22% to $1.64 trillion (US$211 billion) in 2024 and further increased by 21% to $1.99 trillion (US$256 billion) by May 2025. These funds saw net fund inflows of $163 billion (US$20.9 billion) in 2024 and $237 billion (US$30.5 billion) in the first five months of 2025.
Leveraging global investment management expertise, Hong Kong's asset managers allocated 59% of their assets outside of Mainland China and Hong Kong. Over the past five years, non-equity investment grew 13 percentage points to 59%, positioning Hong Kong among the top-two cross-border wealth centers globally in 2024, as per the Boston Consulting Group's ("BCG") Global Wealth Report 2025.
The SFC's report revealed that net fund inflows for the asset management and fund advisory business surged 571% to $321 billion (US$41.3 billion) in 2024. There was a 93% increase in the number of registered open-ended fund companies ("OFCs"), with Mainland-related firms growing their AUM by 15% to $3.1 trillion (US$397 billion). Additionally, the number of firms licensed to manage assets in Hong Kong increased by 4% to 2,212.
The importance of data security and privacy in the digital age was highlighted on July 16, 2025. While technological advancements offer numerous benefits, they also introduce new challenges, particularly in the realm of data security. Organizations must implement robust security measures to protect sensitive information from potential threats and data breaches.
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Regulatory compliance, such as GDPR, plays a crucial role in ensuring data protection standards are met and penalties are avoided. The article concludes that a proactive approach to data security is not just a technical challenge but a strategic imperative for organizations in the digital age.
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