Hong Kong Investment Fund Association: Net fund inflows increased by nearly 65 times last year, fund tokenization and virtual assets are still in their infancy

PANews reported on March 1 that according to the Hong Kong Wen Wei Po report, the Hong Kong Investment Fund Association announced the fund sales figures in Hong Kong in 2024, showing that the total sales of retail funds reached US$81.698 billion last year, an increase of 47% from 2023, a record high in three years. Net fund inflows also recorded US$12.319 billion last year, a nearly 65-fold increase from US$187 million in 2023.

Huang Wang Ciming, CEO of the Hong Kong Investment Fund Association, said that the net inflow of funds in Hong Kong recorded US$12.319 billion in 2024, a nearly 65-fold increase from US$187 million in 2023. Fund tokenization and virtual assets are still in the infancy, but these fields are expected to bring new business models, which will inevitably be meaningful to the future development of the fund industry. The success of the virtual asset market depends on the appropriate regulatory framework and infrastructure. The SAR government will soon launch a second virtual asset policy declaration and look forward to participating in the discussion before launch.