SFC’s 2025 Asset and Wealth Management Activities Survey showed Hong Kong total
AUM rose 20% y/y to a record HKD 42.2 tln (USD 5.4 tln), surpassing the 2021
peak of HKD 35.5 tln (USD 4.6 tln). Net inflows jumped 193% y/y to HKD 2.1 tln
(USD 265 bln), the third consecutive year of inflow growth. Asset management and
fund advisory AUM rose 19% y/y to HKD 31.0 tln (USD 4.0 tln); private banking
and private wealth AUM increased 24% y/y to HKD 12.9 tln (USD 1.7 tln).