Steady fund flows have bolstered Hong Kong’s asset, wealth hub status, SFC study finds

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Hong Kong-domiciled funds saw net fund inflows of HK$33 billion (US$4.2 billion) in the first quarter, following a 93 per cent jump last year, the SFC data showed.

An SFC survey showed Hong Kong’s enduring strengths as an asset and wealth management hub.

Hong Kong-domiciled funds authorised by the SFC saw net fund inflows of HK$33 billion (US$4.2 billion) in the first quarter of 2024 after rebounding by a robust 93 per cent to HK$87 billion last year, according to the SFC.

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Article Details

Author / Journalist: Mia Castagnone

Category: Business

Markets: Hong KongChina

Topics: Mainland Assets Asset Wealth Fund Kong Year Inflows Management Cent Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 16:46:56 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 544 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21657749

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