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Net fund inflows during the year reached $2,152 billion (US$277 billion), up 6% from 2020. The AUM of the asset management and fund advisory business conducted by licensed corporations and registered institutions increased 8% to $25,888 billion (US$3,320 billion).

"The survey findings underscore the core strengths of the asset and wealth management industry in the fast-changing, challenging environment," said Ms Christina Choi, the SFC's Executive Director of Investment Products. "The SFC will continue to support the development of Hong Kong as a premier global asset and wealth management centre and preferred fund domicile."

Other highlights of the survey include:

- Assets held under trusts increased 5% to $4,719 billion (US$605 billion).
- The AUM of the private banking and private wealth management business decreased 6% to $10,583 billion (US$1,357 billion). Respondents reported that the decrease was mainly due to changes in the values of underlying investments held by clients.
- Non-Hong Kong investors remained a major source of funding for the asset and wealth management business, accounting for 65% of AUM.
- The total number of staff in the asset and wealth management business increased 12% to 54,003.

Press release Bg

Survey here:

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