Hong Kong registered an all-time high in investment product sales in 2025, driven by strong demand for fixed income, currency, and commodity-related exposure.
The sales of investment products in Hong Kong not traded on the exchange rose 63% year-on-year to an all-time high of HKD 9.9 trillion (USD 1.26 trillion) in 2025, according to an annual joint survey by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA).
Collective investment schemes (CIS) and structured products, which increased 85% and 53%, respectively, were cited as key drivers. Interestingly, CIS overtook structured products as the top-selling product type for the first time since 2020.
There was strong demand for products related to fixed income, currency and commodity (FICC) with money market funds accounting for for 88% of the top five CIS sales reported by the large firms. Large firms are defined as licensed corporations (LC) and registered institutions (RI) with minimum total transactions of HKD 1 billion and HKD 30 billion, respectively, during the reporting period.
The report also noted a record number of clients that completed at least one investment product transaction at 1.6 million, up 33%.
“The new records of sales and market participation reflect global investors’ confidence in Hong Kong as a leading international financial centre. The robust performance of FICC-related products also underscores the city’s evolving role as an up-and-coming FICC hub,” said Eric Yip, SFC’s executive director of intermediaries.
“The strong growth captured in this year’s survey is a clear testament to investor confidence in Hong Kong’s asset and wealth management industry,” added Kenneth Hui, executive director (banking conduct), HKMA.
