Hong Kong's assets under management climbed 20% in 2025 to a record HK$42.2 trillion, equivalent to about US$5.4 trillion or RM22 trillion [1, 2, 3]. Net fund inflows jumped approximately 193% year-on-year to HK$2.1 trillion, underpinning the growth in the city’s fund management sector [1, 2, 3].
The asset management and fund advisory sector assets increased 19% to HK$31 trillion, while the private banking and wealth management sector grew 24% to HK$12.9 trillion in 2025 [1]. Mainland-related firms reported a 28% rise in assets under management, supported by an 80% jump in net fund inflows [1]. Capital allocated to mainland China also surged by 30%, aided by a tech-led stock rally in the region [2].
Investors located outside mainland China and Hong Kong accounted for more than 54% of total assets under management, reflecting Hong Kong’s growing appeal as a cross-border wealth hub [1, 3]. In May 2026, Boston Consulting Group ranked Hong Kong as the leading global cross-border wealth centre, overtaking Switzerland [1, 3].
Despite strong growth, Chinese authorities imposed extensive restrictions in May 2025 to curb capital outflows from the mainland, creating some pressure on future momentum [1]. To attract investment talent, Hong Kong is also considering waiving taxes on fund managers’ performance bonuses [3].
Elisa Ng, Executive Director of Investment Products at the Securities and Futures Commission, said, ‘‘Looking ahead, the SFC remains committed to continued regulatory enhancements to foster Hong Kong’s competitiveness as a premier international financial centre and a leading offshore renminbi hub’’ [2].
