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Hong Kong’s financial market booms, as stocks rally fuels sales of funds, bonds and others
Sales soared 40 per cent to a record HK$6.07 trillion in 2024, according to a survey by the Securities and Futures Commission and Hong Kong Monetary Authority
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Sales of non-listed investment products soared to a record last year in Hong Kong, as capital poured into mutual funds, debt and equity-lined financial products amid improving market sentiments, underscoring the city’s growth as a financial hub.
Sales increased by 40 per cent from 2023 to a record HK$6.07 trillion (US$778.3 billion), according to a survey released on Thursday by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA).
As many as 1.2 million customers traded at least once on a product last year, 28 per cent more than in 2023, the survey showed.
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“The remarkable surge in product sales underscores the dedication of firms and the trust investors place in our financial markets,” said Eric Yip, the SFC’s executive director of intermediaries.
Hong Kong’s financial industry is booming, driven by a 28 per cent jump in the benchmark Hang Seng stock index this year, which has made it one of the world’s top performers. The city also reclaimed its position as the world’s largest initial public offering market in the first eight months of this year, exchange data showed.
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