Core Insights - The Hong Kong government reported significant revenue growth across various sectors for 2024, with the financial industry (excluding banks) leading the way [1] Financial Industry (Excluding Banks) - Total revenue for the financial industry reached HKD 732.9 billion in 2024, a 4.8% increase from 2023 [1] - Average revenue per company rose by 1.4% to HKD 73.1 million [1] - Operating expenses and employee compensation increased by 7.5% to HKD 357.3 billion [1] - Total surplus (revenue minus operating expenses and compensation) grew by 2.4% to HKD 375.6 billion, accounting for 51.3% of total revenue [1] - Value added by the industry (excluding investment and holding companies) increased by 13.3% to HKD 122.8 billion [1] - Approximately 10,000 companies operated in this sector, employing around 96,400 people, with an average of 9.6 employees per company [1] Insurance Industry - Total revenue for the insurance industry reached HKD 728.6 billion in 2024, a 7.4% increase from 2023 [2] - Average revenue per company increased by 11.3% to HKD 269.1 million [2] - Operating expenses and employee compensation rose by 12.9% to HKD 73.6 billion [2] - Approximately 2,700 companies operated in this sector, employing around 83,000 people, with an average of 30.6 employees per company [2] Banking Industry - Total revenue for the banking industry reached HKD 611.7 billion in 2024, a 5.1% increase from 2023 [2] - Average revenue per company increased by 8.7% to HKD 3 billion [2] - Operating expenses and employee compensation rose by 6.6% to HKD 271.5 billion [2] - Approximately 203 companies operated in this sector, employing around 98,500 people, with an average of 485 employees per company [2] Information and Communications Industry - Total revenue for the information and communications industry reached HKD 259.1 billion in 2024, a 2.8% increase from 2023 [3] - Average revenue per company slightly increased by 0.7% to HKD 22.5 million [3] - Operating expenses and employee compensation rose by 3.5% to HKD 179.7 billion [3] - Total surplus decreased by 3.7% to HKD 58.8 billion, accounting for 22.7% of total revenue [3] - Value added by the industry increased by 1.8% to HKD 104 billion [3] - Approximately 11,500 companies operated in this sector, employing around 102,000 people, with an average of 8.9 employees per company [3] Professional, Scientific, and Technical Activities Industry - Total revenue for this industry reached HKD 163.5 billion in 2024, a 2.1% increase from 2023 [4] - Average revenue per company slightly increased by 0.8% to HKD 5.8 million [4] - Operating expenses and employee compensation rose by 3.0% to HKD 133.7 billion [4] - Total surplus decreased by 1.3% to HKD 28.4 billion, accounting for 17.4% of total revenue [4] - Value added by the industry decreased by 1.9% to HKD 87.9 billion [4] - Approximately 28,400 companies operated in this sector, employing around 153,600 people, with an average of 5.4 employees per company [4] Administrative and Support Services Industry - Total revenue for this industry reached HKD 136.9 billion in 2024, a 13.9% increase from 2023 [5] - Average revenue per company increased by 12.5% to HKD 11.9 million [5] - Operating expenses and employee compensation rose by 13.3% to HKD 123.7 billion [5] - Total surplus increased by 20.4% to HKD 12.2 billion, accounting for 8.9% of total revenue [5] - Value added by the industry increased by 6.9% to HKD 64.5 billion [5] - Approximately 11,500 companies operated in this sector, employing around 236,200 people, with an average of 20.5 employees per company [5]