Hong Kong’s securities industry saw a 56% increase in net profits to $44.4 billion in 2024, driven by a 11% rise in total income to $222.6 billion. Key growth areas include net securities commission income (up 18% to $20.2 billion), asset management income (up 14% to $37.5 billion), and underwriting income (up 118% to $11.1 billion).
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On March 26, 2025, the Securities and Futures Commission ("SFC") released its report detailing the financial performance of Hong Kong's securities industry in 2024, revealing substantial growth across various sectors. Total net profits for the industry surged by 56% year-over-year, reaching $44.4 billion. This remarkable performance was fueled by a 11% increase in total income, which exceeded a mild 4% rise in overhead costs.
The total value of securities transactions conducted by licensed dealers and margin financiers in Hong Kong grew by 34% in 2024, reaching $144.1 trillion. This growth was supported by significant contributions from multiple income streams. Net securities commission income rose by 18% to $20.2 billion, asset management income increased by 14% to $37.5 billion, and income from underwriting and placing of securities skyrocketed by 118% to $11.1 billion.
Dr. Eric Yip, Executive Director of Intermediaries at the SFC, underscored the industry’s resilience and adaptability during a period of global volatility. He highlighted that firms reported higher profits and diversified income streams in 2024, reflecting a promising outlook for Hong Kong's position as a leading international financial hub. The SFC is committed to further strengthening this position, opening opportunities for industry participants and investors.
The report defines 'securities dealers and securities margin financiers' as corporations licensed for dealing in securities or margin financing, including participants from both Stock Exchange of Hong Kong Limited ("SEHK") and non-SEHK. For detailed financial data, please refer to Table 1 of the review report.
The full financial review report is accessible on the SFC website.
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