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

According to a report by Hong Kong Wen Wei Po, the Hong Kong Investment Fund Association released the fund sales figures for 2024, showing that the total retail fund sales in Hong Kong reached 81.698 billion US dollars last year, an increase of 47% compared to 2023 and a new high in three years. Last year, the net inflow of funds also recorded $12.319 billion, nearly 65 times higher than the $187 million in 2023. The Chief Executive Officer of the Hong Kong Investment Fund Association, Wong Tsz Ming, stated that the net inflow of funds in Hong Kong reached $12.319 billion in 2024, nearly 65 times higher than the $187 million in 2023. Fund tokenization and virtual assets are still in their infancy, but these areas are expected to bring new business models, which will undoubtedly be meaningful for the future development of the fund industry. The success of the virtual asset market depends on an appropriate regulatory framework and infrastructure. The SAR government is about to launch the second virtual asset policy declaration and looks forward to participating in discussions before its launch.