The city's financial sector experienced significant expansion in 2025, buoyed by a surge in fund inflows and robust growth across private wealth management segments.
Hong Kong’s assets under management reach a record high
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Hong Kong’s assets under management reached a record high of HK$42.2 trillion (US$5.38 trillion) in 2025, representing a 20 percent year-on-year increase, according to the latest data from the Securities and Futures Commission (SFC). According to Hong Kong’s Standard newspaper, this figure eclipses the previous peak of HK$35.5 trillion recorded in 2021.
The growth in Hong Kong’s assets under management was significantly bolstered by a 193 percent surge in net fund inflows, which reached HK$2.1 trillion.
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Among the major sectors, asset management and fund advisory businesses grew by 19 percent to HK$31 trillion, while the private banking and private wealth management sector increased by 24 percent to HK$12.9 trillion. SFC-authorised, Hong Kong-domiciled funds also saw their net asset value rise 38 percent to HK$2.3 trillion by the end of 2025.
Who controls Hong Kong’s assets under management?
The data on Hong Kong’s assets under management indicates a highly internationalised investor base, with more than 54 percent of total assets sourced from outside the Chinese mainland and Hong Kong. Professional investors now account for 74 percent of the asset management and fund advisory business, while the number of licensed firms grew by 7 percent to 2,358.
Financial Secretary Paul Chan stated that the robust results reinforce the city’s status as a premier cross-border wealth management hub.
He attributed the sector’s resilience to the “one country, two systems” framework and the city’s stable economic policies, which he noted continue to foster international investor confidence despite complex global conditions.
