Hong Kong’s asset and wealth management business fared on par with global markets in 2022

The Securities and Futures Commission (SFC) published its annual Asset and Wealth Management Activities Survey report, revealing that the assets under management (AUM) in 2022 were $30,541 billion (US$3,912 billion). Hong Kong’s AUM rebounded by 15% from Q3 2022 to June 2023, reaching $1,335 billion (US$171 billion), with net fund inflows increasing significantly. The AUM decline of 14% was in line with global funds, and Hong Kong’s asset and wealth management business has experienced long-term growth of 143% over the past decade. Private banking and wealth management saw net fund inflows of $121 billion (US$15 billion), mainland-related firms outperformed the industry average, and SFC-authorized environmental, social, and governance (ESG) funds showed growth. Licensed asset management firms increased by 5%, and non-Hong Kong investors accounted for 64% of the total AUM.

Asset and Wealth Management Activities Survey 2022:

https://www.sfc.hk/-/media/EN/files/COM/Reports-and-surveys/AWMAS-2022_E.pdf?rev=3b6a43ac11404a2cacf7123c2f5c949e&hash=C33D88F5AAEAC176BC072AE9326091CC

Resource:

https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR84