TechFlow news — On March 1, the Investment Funds Association of Hong Kong released fund sales figures for Hong Kong in 2024, showing that total retail fund sales reached USD 81.698 billion for the full year, a 47% increase compared to 2023 and the highest level in three years. Net fund inflows amounted to USD 1.2319 billion in 2024, up nearly 65 times from USD 187 million in 2023.
Elaine Wong, Chief Executive Officer of the Investment Funds Association of Hong Kong, said that net fund inflows in Hong Kong reached USD 1.2319 billion in 2024, surging nearly 65-fold from USD 187 million in 2023. While fund tokenization and virtual assets are still in their early stages, these areas hold promise for new business models and will inevitably be significant for the future development of the fund industry. The success of the virtual asset market depends on appropriate regulatory frameworks and infrastructure. The SAR government is about to release its second virtual asset policy paper, and she looks forward to participating in discussions prior to its launch.
