Record US$1.3 trillion pours into Hong Kong investment products Sales of non-exchange-traded investment products in Hong Kong surged to a record HK$9.9 trillion (US$1.3 trillion) in 2025, marking a 63 per cent year-on-year increase, according to the latest joint survey by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA). A significant expansion in market participation drove the record-breaking performance. The number of investors completing at least one transaction rose 33 per cent to a record at more than 1.6 million, while the number of licensed corporations and registered institutions engaged in product sales grew 9 per cent to 452. Reflecting this broader industry scale, the number of large firms – categorised as those recording significant transaction volumes – increased 27 per cent to 128. “The strong growth captured in this year’s survey is a clear testament to investor confidence in Hong Kong’s asset and wealth management industry,” said Kenneth Hui, the HKMA’s executive director for banking conduct. Collective investment schemes emerged as the top-selling product category, with sales surging 85 per cent to overtake structured products for the first time since 2020. Within this segment, money market funds accounted for 88 per cent of the top five sales reported by large firms, up 80 per cent in 2024, according to the survey results released on Tuesday. Fixed-income, currency and commodity (FICC)-related offerings remained central to investor asset allocations, as market participants prioritised liquidity and income-generating assets. Notably, currency-linked product sales increased by 50 per cent year on year to HK$698 billion. Debt securities continued on a solid growth trajectory, driven by a 138 per cent jump in sovereign bonds and strong interest in corporate bonds from mainland Chinese issuers, illustrating Hong Kong’s vital role as an offshore fundraising hub. The aggregate transaction amount for debt securities reached HK$929 billion, representing 9 per cent of total market volume. Equity-linked products continued to dominate structured product sales, rising 58 per cent to HK$2.7 trillion, which accounted for 70 per cent of structured products. Eric Yip, the SFC’s executive director of intermediaries, highlighted the city’s evolving role as an up-and-coming FICC hub. “The new records of sales and market participation reflect global investors’ confidence in Hong Kong as a leading international financial centre,” he said. “The SFC will continue to collaborate closely with stakeholders to drive the quality growth of Hong Kong’s financial ecosystem.” The survey also highlighted the industry’s digital transformation. Online platforms accounted for 21 per cent of the total transaction amount in 2025, up from 17 per cent in 2024. The number of firms distributing products online increased by 17 per cent to 122, with collective investment scheme products making up 84 per cent of online sales, as firms continue to adapt to changing distribution models. https://www.scmp.com/business/banking-finance/article/3366789/investors-pour-record-us13-trillion-hong-kong-investment-products (ICE HONG KONG)

Fonte notizia: South China Morning Post