香港证监会、香港金管局重磅发布！

Core Insights - The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) reported record highs in the sales and market participation of non-exchange traded investment products for 2024 [1][2] Group 1: Sales Performance - The total trading volume of non-exchange traded investment products surged by 40% year-on-year, reaching a record HKD 6.07 trillion [2] - The number of companies engaged in investment product sales increased by 9% to a new high of 414, with 46% of these companies reporting over 100% year-on-year sales growth [2] - The number of large companies rose by 12% to 101, and the personnel responsible for distributing investment products increased by 4% to over 19,000 [2] Group 2: Product Categories - All major categories of investment products experienced significant sales growth in 2024, with recognized collective investment schemes sales rising by 96% to HKD 1.4 trillion, and unrecognized collective investment schemes increasing by 50% to HKD 844 billion [3] - Sales of structured products and debt securities grew by 30% and 29% year-on-year, respectively [3] Group 3: Structural Products - Equity-linked products emerged as the best-selling category of structured products, with sales increasing by 43% to HKD 1.73 trillion, accounting for 67% of total structured product sales in 2024 [4] - The top five products reported by large companies were primarily in the technology (42%), automotive (23%), and internet (22%) sectors [4] Group 4: Market Trends - Money market funds and sovereign bonds were favored for their low-risk profiles and attractive returns in the high-interest environment of 2024, with money market fund sales increasing to 80% of the total trading volume of the top five collective investment schemes [7] - Structured products remained the most sold product type, comprising 42% of total trading volume (HKD 25.67 trillion), while collective investment schemes and debt securities accounted for 37% (HKD 22.44 trillion) and 15% (HKD 9.41 trillion), respectively [7] Group 5: Online Sales - Online sales accounted for 17% of the total trading volume reported by surveyed companies, significantly up from 12% in 2023, with the number of companies distributing investment products online increasing by 13% to 104 [9] - Collective investment schemes were the most sold product type online, making up 77% of online sales, followed by debt securities at 21% [9] Group 6: Regulatory Perspective - The SFC and HKMA emphasized the importance of a robust regulatory framework to support market development while safeguarding investor interests, reflecting confidence in the vitality of the Hong Kong investment market [10][11]