
Hong Kong's asset management industry hits near-record US$4.5 trillion on massive inflows
Assets under management in the city grew almost HK$4 trillion in 2024, or 13 per cent from a year earlier, the Securities and Futures Commission said in an annual survey published on Wednesday, thanks to an 81 per cent surge in net fund inflows of HK$705 billion, it added. The record of HK$35.55 trillion was set in 2021.
Inflows for the asset management and fund advisory business soared 571 per cent to HK$321 billion, while the private banking and private wealth management business recorded a 15 per cent increase in assets under management to HK$10.4 trillion, the survey showed.
'Hong Kong is gaining more clout than ever as a leading international hub for asset and wealth management, propelled by strong fund inflows, financial innovation and a growing talent pool,' said Christina Choi, executive director of investment products at the SFC.
Hong Kong is gaining more clout than ever as a global hub for asset and wealth management, the Securities and Futures Commission says. Photo: Shutterstock Images
The inflows preceded a robust year for investors in Hong Kong's financial markets. The Hang Seng Index has rallied 25 per cent so far this year to rank among the world's best-performing stock benchmarks. A stock market re-rating fuelled risk appetite and boosted demand for initial public offerings (IPOs), helping the city rise to the top of the global league table, according to industry data.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South China Morning Post
26 minutes ago
- South China Morning Post
JD.com eyes US$2.6 billion takeover of Germany's Ceconomy to boost European presence
Chinese e-commerce firm is in advanced talks to acquire Ceconomy in a deal that could value the German electronics retailer at about €2.2 billion (US$2.6 billion). is considering an offer of €4.60 in cash for each Ceconomy share, according to Ceconomy's statement on Thursday. The potential offer price represents a 23 per cent premium to the company's closing price of €3.75 on Wednesday. No binding agreements had been signed so far and it was not certain a takeover offer would be made, the statement said. had been in discussions with the major shareholders of Ceconomy and any formal offer would hinge on their support, people familiar with the matter have said. Some big shareholders were hesitant to sign irrevocable agreements to tender their shares to which could potentially derail the deal, some of the people said. Shares of Ceconomy extended gains to as much as 15.5 per cent and touched their highest intraday level since November 2021 after the company statement on Thursday. Bloomberg News first reported in February that had revived its interest in acquiring the Frankfurt-listed company. The potential offer would exceed the €4.17 entry price for Ceconomy's largest shareholder, while founding family shareholders of Metro got their Ceconomy shares from its demerger, Bloomberg Intelligence analysts Tatiana Lisitsina and Darja Lema wrote in a note.


South China Morning Post
2 hours ago
- South China Morning Post
Hong Kong's OSL Group raises US$300 million amid stablecoin anticipation
Hong Kong-based OSL Group, the city's first listed and licensed virtual-asset trading platform, said on Friday that it raised HK$2.36 billion (US$300 million) through the sale of existing shares, top-up subscriptions and new shares, amid heightened market anticipation around stablecoins It was the largest publicly disclosed equity raise in Asia's digital-asset sector to date, the company said on Friday. Hong Kong is set to allow stablecoin issuance under new regulations that take effect on August 1. Excitement over the change prompted Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, to issue a warning on Wednesday, cautioning against 'excessive market and public opinion speculation'. OSL's major shareholder Crown Research Investments sold 101.19 million existing shares at HK$14.90 per share, a 15.34 per cent discount to the closing price on Thursday, according to a filing with the Hong Kong stock exchange. The same number of shares will be reissued to the seller at the same price through a top-up subscription. The shares represent 16.14 per cent of OSL's existing issued share capital and 13.9 per cent of the issued share capital as enlarged by the allotment and issue of the top-up shares. The company's Hong Kong-traded stock dropped 6.6 per cent to HK$16.44 in the morning trading session on Friday. OSL also issued 9.34 million new shares to two independent investors, WK Triangulum Investment and Brand Wisdom, which have agreed to subscribe to 2.63 million shares and 6.71 million shares, respectively.


South China Morning Post
2 hours ago
- South China Morning Post
Hong Kong's OSL Group raises US$300 million amid stablecoin anticipation
Hong Kong-based OSL Group, the city's first listed and licensed virtual-asset trading platform, said on Friday that it raised HK$2.36 billion (US$300 million) through the sale of existing shares, top-up subscriptions and new shares, amid heightened market anticipation around stablecoins It was the largest publicly disclosed equity raise in Asia's digital-asset sector to date, the company said on Friday. Hong Kong is set to allow stablecoin issuance under new regulations that take effect on August 1. Excitement over the change prompted Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, to issue a warning on Wednesday, cautioning against 'excessive market and public opinion speculation'. OSL's major shareholder Crown Research Investments sold 101.19 million existing shares at HK$14.90 per share, a 15.34 per cent discount to the closing price on Thursday, according to a filing with the Hong Kong stock exchange. The same number of shares will be reissued to the seller at the same price through a top-up subscription. The shares represent 16.14 per cent of OSL's existing issued share capital and 13.9 per cent of the issued share capital as enlarged by the allotment and issue of the top-up shares. The company's Hong Kong-traded stock dropped 6.6 per cent to HK$16.44 in the morning trading session on Friday. OSL also issued 9.34 million new shares to two independent investors, WK Triangulum Investment and Brand Wisdom, which have agreed to subscribe to 2.63 million shares and 6.71 million shares, respectively.