Investment product sales hit record HK$9.9tn in 2025

In 2025, investment product sales in Hong Kong reached a record high of HK$9.9 trillion, marking an impressive 63% increase compared to the previous year. This surge was primarily fueled by robust demand for fixed-income, currency and commodities (FICC) products, according to a joint survey conducted by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority.

The number of individuals placing at least one transaction grew by 33% to surpass 1.6 million, while the count of firms involved in such sales increased by 9% to 452. Moreover, the number of large firms with total transactions of at least HK$1 billion rose by 27% to 128.

Collective investment schemes claimed the top spot among the most sold product types, surpassing structured products for the first time since 2020. Their sales surged by 85%, whereas structured product sales grew by 53%. Money market funds contributed 88% of the top five collective investment schemes sales reported by large firms, up from 80% in 2024.

Debt securities sales experienced a 43% increase from 2022, largely driven by sovereign bonds, which soared by 138%, and investment-grade corporate bonds. Chinese mainland-related issuers played a significant role in corporate bond transactions, highlighting Hong Kong's position as an offshore fund-raising hub.

These record-breaking sales and market participation underscore Hong Kong's confidence as a premier international financial center, as stated by SFC executive director of intermediaries Eric Yip. He further emphasized the city's growing role as an emerging FICC hub. Monetary Authority executive director (banking conduct) Kenneth Hui attributed the strong growth to investor confidence in Hong Kong's asset and wealth management industry. Hui affirmed that the authority would maintain a balanced regulatory approach.