Sales soared 40 per cent to a record HK$6.07 trillion in 2024, according to a survey by the Securities and Futures Commission and Hong Kong Monetary Authority
Sales of non-listed investment products soared to a record last year in Hong Kong, as capital poured into mutual funds, debt and equity-lined financial products amid improving market sentiments, underscoring the city’s growth as a financial hub.
As many as 1.2 million customers traded at least once on a product last year, 28 per cent more than in 2023, the survey showed.
“The remarkable surge in product sales underscores the dedication of firms and the trust investors place in our financial markets,” said Eric Yip, the SFC’s executive director of intermediaries.
The market boom has attracted more people into the financial industry than ever before. The number of sales people hired by the city’s 414 banks, brokers and funds rose 4 per cent to a record 19,000 people. Among them, 46 per cent found that their sales doubled last year, according to the survey of 2,368 SFC-licensed firms and 109 HKMA-regulated banks.
