Hong Kong’s securities industry showed remarkable resilience in financial performance in 2024, with total net profits surging 56% year-on-year to $44.4 billion, as detailed in the Securities and Futures Commission’s (SFC) report on the financial review of the securities industry issued today.
The earnings growth came on the back of an 11% increase in total income to $222.6 billion, which outpaced the mild 4% rise in overheads. In 2024, the total value of transactions of all securities dealers and securities margin financiers (Note) in Hong Kong jumped 34% to $144.1 trillion.
The industry reported broad-based growth across different income categories, including net securities commission income (up 18% to $20.2 billion), asset management income (up 14% to $37.5 billion), and notably income from underwriting and placing of securities (up 118% to $11.1 billion).
“Our financial industry has shown resilience and adaptability amid global volatility, and it is even more encouraging to see that firms reported higher profits in 2024 with diversified income streams” remarked Dr Eric Yip, the SFC’s Executive Director of Intermediaries. “Looking ahead, the SFC remains committed to reinforcing Hong Kong’s position as a leading international financial centre with promising opportunities for industry participants and investors.”
The financial review report is available on the SFC website.
Note:
- Securities dealers and securities margin financiers refer to corporations licensed for dealing in securities or securities margin financing. Both Stock Exchange of Hong Kong Limited (SEHK) participants and non-SEHK participants are included unless otherwise specified. Please refer to Table 1 of the review report for detailed financial data.
