Hong Kong Asset Management AUM Hits Record HK$42.2 Trillion

Hong Kong's total assets under management hit a record HK$42.2 trillion (US$5.4 trillion) in 2025, the Securities and Futures Commission said Wednesday.

Net fund inflows surged 193% year-on-year, pushing total AUM above the previous peak set in 2021, according to the regulator's Asset and Wealth Management Activities Survey 2025.

Asset management and fund advisory businesses grew 19% to HK$31 trillion. Private banking and wealth management operations expanded 24% to HK$12.9 trillion over the same period.

Investors from outside mainland China and Hong Kong accounted for more than 54% of total AUM. The sector remained predominantly institution-oriented.

Asset managers invested 56% of AUM outside mainland China and Hong Kong. Non-equity investments rose to 58% of total AUM.

"2025 highlighted Hong Kong's unparalleled resilience to worldwide headwinds and growing influence as a leading asset and wealth management hub," said Elisa Ng, Executive Director of Investment Products at the SFC.

Growth has extended into 2026. Hong Kong-domiciled funds recorded a further 13% increase in net asset value to HK$2.6 trillion by the end of May 2026.

Registrations for open-ended fund companies grew by 43% in 2025. Firms holding a Type 9 asset management license increased 7% to 2,358, while licensed individuals reached 15,747.