The Hong Kong Investment Funds Association has revealed an impressive surge in the city's fund sales for 2024, reaching an astounding total of $81.698 billion. This figure represents a remarkable 47% increase compared to the previous year, positioning it at the highest level witnessed in the past three years.
Furthermore, the net inflow of funds last year recorded stands at $12.319 billion, showcasing a significant rise from the meager $187 million in 2023. This staggering growth indicates a nearly 65-fold upward trajectory in fund investments. Wong Wang Tsz-ming, the esteemed CEO of the Hong Kong Investment Funds Association, pointed out the incredible net inflow of $12.319 billion in 2024.
He underscored the potential for fund tokenization and virtual assets, sectors that are currently in their nascent stages. Such advancements are predicted to create new business models and potentially revolutionize the future landscape of the fund industry. The triumph of the virtual asset market will largely depend on the establishment of a sound regulatory framework and robust infrastructure.
In line with this, the Hong Kong Special Administrative Region government is preparing to unveil its second virtual asset policy declaration, with an optimistic outlook for active engagement in discussions before its official release..