According to PANews, the Hong Kong Investment Funds Association has reported a significant increase in the city's fund sales for 2024. The total retail fund sales reached $81.698 billion, marking a 47% rise compared to 2023 and achieving the highest level in three years. Additionally, the net inflow of funds last year was recorded at $12.319 billion, a substantial increase from the $187 million in 2023, representing nearly a 65-fold growth.
Wong Wang Tsz-ming, CEO of the Hong Kong Investment Funds Association, highlighted the remarkable net inflow of $12.319 billion in 2024, emphasizing the potential of fund tokenization and virtual assets, which are still in their early stages. These areas are expected to introduce new business models and significantly impact the future development of the fund industry. The success of the virtual asset market hinges on an appropriate regulatory framework and infrastructure. The Hong Kong Special Administrative Region government is set to release its second virtual asset policy declaration, with hopes for active participation in discussions prior to its launch.