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Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFC

Hong Kong's financial regulator reports record assets under management of HK$42.2 trillion last year, with net fund inflows soaring 193%. Southbound Stock Connect purchases hit a record HK$1.19 trillion in the year to March, underscoring renewed mainland investor appetite.

By Tertius News AI Desk 1 outlet · 2 articles Version 1 Coverage Jun 25 – Jul 2, 2026 Published Aug 15

Lead

Hong Kong’s financial assets under management reached a record high last year, driven by renewed investor appetite for Chinese assets, according to the Securities and Futures Commission (SFC). Financial firms in the city managed HK$42.2 trillion (US$5.38 trillion) in 2025, a 20% increase from the previous peak of HK$35.5 trillion in 2024, the regulator reported on Thursday.

Net fund inflows into Hong Kong surpassed HK$2 trillion last year, soaring 193% year on year, the SFC said. The surge was driven by asset-management and private-wealth businesses, which contributed to the city’s resilience against global headwinds.

Coverage comparison

Two SFC reports released this week underscored different facets of the city’s financial strength. The first, focusing on assets under management, highlighted Hong Kong’s emergence as the world’s top cross-border wealth hub, overtaking Switzerland in 2025, according to a late-May report from Boston Consulting Group cited by the SFC.

The second report, released a day earlier, detailed record southbound Stock Connect flows, through which mainland Chinese investors buy Hong Kong-listed shares. In the 12 months to March, mainland investors purchased HK$1.19 trillion (US$151.8 billion) worth of Hong Kong shares, with average daily turnover jumping 84% year on year to HK$124.1 billion.

Both reports attributed the performance to firm confidence among global investors and the city’s market innovation, as well as a booming pipeline of initial public offerings (IPO). They also quoted senior SFC officials highlighting the regulator’s commitment to maintaining Hong Kong’s competitiveness amid global shifts.

Key claims

Assets and wealth under management in Hong Kong surged to a record high last year, reaching HK$42.2 trillion (US$5.38 trillion), a 20% increase from the previous peak of HK$35.5 trillion in 2024.
Net fund inflows into Hong Kong exceeded HK$2 trillion in 2025, soaring 193% year on year.
Hong Kong overtook Switzerland to become the world’s top cross-border wealth hub in 2025, according to a Boston Consulting Group report cited by the SFC.
Southbound Stock Connect flows hit a record high in the 12 months to March, with mainland investors buying HK$1.19 trillion (US$151.8 billion) worth of Hong Kong shares.
Average daily turnover of southbound inflows rose 84% year on year to HK$124.1 billion, representing 24% of the city’s total market turnover, up from 20% a year earlier.

Outlook

SFC chairman Kelvin Wong Tin-yau acknowledged that global capital flows would continue to be influenced by macroeconomic uncertainty, geopolitical shifts, rapid technological advances — including digital finance and artificial intelligence — and the transition to a more sustainable economy. He said the SFC would stay focused on its strategic priorities to entrench Hong Kong’s position as the vital financial gateway bridging the mainland and the world.

SFC CEO Julia Leung Fung-yee added that the commission was “more committed than ever to fostering resilience as a powerful engine to support market transformation and technological innovation.”

Elisa Ng, the SFC’s executive director of investment products, said the regulator remained committed to regulatory enhancements to foster Hong Kong’s competitiveness as a premier international financial centre and a leading offshore renminbi hub.

How this outlet told it

South China Morning Post as of Jun 25, 2026, 2:00 AM UTC

Framing: Record high southbound Stock Connect flows — Positive

Facts Included:

Southbound Stock Connect flows hit a record high in the past year
Mainland investors bought HK$1.19 trillion worth of shares in Hong Kong
Average daily turnover of southbound inflows jumped 84% year on year
SFC chairman Kelvin Wong Tin-yau commented on macroeconomic uncertainty and geopolitical shifts

Read the source article →

South China Morning Post as of Jul 2, 2026, 9:31 AM UTC

Framing: Hong Kong's edge over Switzerland as a wealth hub — Positive

Facts Included:

Assets and wealth under management in Hong Kong surged to a record high last year
Hong Kong overtook Switzerland to become the world's top cross-border wealth hub in 2025
Financial firms in Hong Kong managed HK$42.2 trillion worth of assets last year
Net fund inflows in Hong Kong soared 193% year on year

Read the source article →

What was claimed, and who backed it

Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.

Claim	Confidence	Status
ClaimSouthbound Stock Connect flows hit a record high in the past year, reflecting strong confidence in Hong Kong's market.	ConfidenceHigh	StatusSingle-source via South China Morning Post as of Jun 25, 2026, 2:00 AM UTC
ClaimMainland investors bought HK$1.19 trillion worth of shares in Hong Kong in the 12 months to March this year.	ConfidenceHigh	StatusSingle-source via South China Morning Post as of Jun 25, 2026, 2:00 AM UTC
ClaimAverage daily turnover of southbound inflows jumped 84% year on year to HK$124.1 billion.	ConfidenceHigh	StatusSingle-source via South China Morning Post as of Jun 25, 2026, 2:00 AM UTC
ClaimSFC chairman Kelvin Wong Tin-yau commented on macroeconomic uncertainty and geopolitical shifts.	ConfidenceHigh	StatusSingle-source via South China Morning Post as of Jun 25, 2026, 2:00 AM UTC
ClaimAssets and wealth under management in Hong Kong surged to a record high last year.	ConfidenceHigh	StatusSingle-source via South China Morning Post as of Jul 2, 2026, 9:31 AM UTC
ClaimHong Kong overtook Switzerland to become the world's top cross-border wealth hub in 2025.	ConfidenceHigh	StatusSingle-source via South China Morning Post as of Jul 2, 2026, 9:31 AM UTC
ClaimFinancial firms in Hong Kong managed HK$42.2 trillion worth of assets last year.	ConfidenceHigh	StatusSingle-source via South China Morning Post as of Jul 2, 2026, 9:31 AM UTC
ClaimNet fund inflows in Hong Kong soared 193% year on year.	ConfidenceHigh	StatusSingle-source via South China Morning Post as of Jul 2, 2026, 9:31 AM UTC

Transparency & Audit Trail

1 outlet · 2 articles consulted: South China Morning Post 8 claims extracted Version 1 Written 2026-08-15