Hong Kong capital markets wrap up 2024 on a high note: SFC Quarterly Report

Hong Kong’s capital markets concluded 2024 on a positive note, driven by a robust asset management sector and improved investor sentiment, as highlighted in the Securities and Futures Commission (SFC) Quarterly Report. The exchange-traded fund (ETF) market thrived, with a 35% increase in average daily turnover, reaching $18.9 billion, and net inflows of $22.8 billion. Additionally, net inflows into Hong Kong-domiciled funds surged 88% to $162.9 billion. Enhanced market connectivity was evidenced by the cross-listing of two Hong Kong ETFs in Saudi Arabia and significant growth in southbound trading through Stock Connect. The SFC also reported an increase in licensed corporations and a successful anti-scam campaign aimed at investor education. Overall, the SFC emphasized its commitment to fostering market development while maintaining regulatory integrity. Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR28