Gross sales of non-listed funding merchandise soared to a report final 12 months in Hong Kong, as capital poured into mutual funds, debt and equity-lined monetary merchandise amid bettering market sentiments, underscoring town’s progress as a monetary hub.
Gross sales elevated by 40 per cent from 2023 to a report HK$6.07 trillion (US$778.3 billion), in line with a survey launched on Thursday by the Securities and Futures Fee (SFC) and the Hong Kong Financial Authority (HKMA).
As many as 1.2 million clients traded no less than as soon as on a product final 12 months, 28 per cent greater than in 2023, the survey confirmed.
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“The outstanding surge in product gross sales underscores the dedication of companies and the belief traders place in our monetary markets,” mentioned Eric Yip, the SFC’s government director of intermediaries.
Pedestrians in Central District on August 15, 2025. Picture: Jelly Tse alt=Pedestrians in Central District on August 15, 2025. Picture: Jelly Tse>
Hong Kong’s monetary business is booming, pushed by a 28 per cent bounce within the benchmark Cling Seng inventory index this 12 months, which has made it one of many world’s prime performers. The town additionally reclaimed its place because the world’s largest preliminary public providing market within the first eight months of this 12 months, alternate knowledge confirmed.
The market increase has attracted extra folks into the monetary business than ever earlier than. The variety of gross sales folks employed by town’s 414 banks, brokers and funds rose 4 per cent to a report 19,000 folks. Amongst them, 46 per cent discovered that their gross sales doubled final 12 months, in line with the survey of two,368 SFC-licensed companies and 109 HKMA-regulated banks.
Skyline of Victoria Harbour from The Peak on August 31, 2025. Picture: Solar Yeung alt=Skyline of Victoria Harbour from The Peak on August 31, 2025. Picture: Solar Yeung>
“Respondent companies usually noticed stronger investor sentiment in contrast with the earlier 12 months as traders actively pursued merchandise that swimsuit their threat appetites and funding targets,” the SFC and HKMA mentioned.
A lot of Hong Kong’s greatest employers within the monetary business are including headcount to faucet the expansion. HSBC, Normal Chartered, Citi, UBS and DBS have all mentioned they’d broaden their wealth administration groups to seize the fast-growing market.
Each main funding product sort recorded sturdy progress final 12 months, reflecting the “heightened investor confidence and curiosity within the vibrancy of Hong Kong’s funding market,” mentioned Alan Au Yuk-lun, government director of the HKMA.