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HK's Total AUM Leap 13% YoY in End-2024; Paul Chan Envisions Continued Tailwinds in Financial & Asset Mgmt Sector
Driven by an 81% surge in net fund inflows to HKD705 billion, Hong Kong's total assets under management (AUM) increased by 13% YoY to HKD35.1 trillion at the end of 2024, accor...
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HK's Total AUM Leap 13% YoY in End-2024; Paul Chan Envisions Continued Tailwinds in Financial & Asset Mgmt Sector
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Driven by an 81% surge in net fund inflows to HKD705 billion, Hong Kong's total assets under management (AUM) increased by 13% YoY to HKD35.1 trillion at the end of 2024, according to a survey by the Securities and Futures Commission.

Paul Chan, Hong Kong's Financial Secretary, said on social media that the report highlighted the excellent performance of the stock market and the rapid development of the asset and wealth management business, which have also shored up the fund industry.

Anticipating Hong Kong's financial and asset management sector to sustain its upward momentum, Chan is confident that Hong Kong will become the world's largest cross-border wealth and asset management hub within the next 2-3 years.

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