The Securities and Futures Commission of Hong Kong (SFC) announced on the 24th the "2025-26 Annual Report" (covering the financial year from April 2025 to March 2026). The annual report shows that Hong Kong achieved significant growth in many asset classes such as investment funds, digital assets, and stock markets in the previous fiscal year, consolidating its position as an international financial center.
According to the annual report, the initial public offering (IPO) in Hong Kong raised HKD 379 billion in the previous fiscal year, a year-on-year increase of 272%. With the help of reform measures, the liquidity and efficiency of Hong Kong's secondary market have been improved, and the daily market turnover has increased by 54% year-on-year, reaching a new high of HKD 258 billion.
According to the annual report, the Shanghai Hong Kong Stock Connect remains a strong driving force for market trading. As of March, the daily average trading volume of the Hong Kong Stock Connect increased by 84% year-on-year, reaching HKD 124.1 billion, accounting for 24% of the Hong Kong market's trading volume, setting a new historical high. As for the Shanghai and Shenzhen Stock Connect, the cumulative inflow of funds into mainland stocks since its launch has reached 1.47 trillion yuan, once again confirming Hong Kong's key role as a gateway to the mainland.
In terms of asset and wealth management, Hong Kong continues to consolidate its global hub position. According to data, driven by strong net capital inflows, the total value of managed assets of funds registered and established in Hong Kong as of March increased by 19.4% year-on-year, reaching HKD 2.3 trillion. The digital asset ecosystem is developing rapidly, with 12 licensed virtual asset trading platforms experiencing a 125% year-on-year increase in transaction volume.
The Hong Kong Securities and Futures Commission stated that the asset management industry in Hong Kong has flourished in the past fiscal year, and the digital asset ecosystem has continued to expand through innovative products and services. At the same time, the reform of the stock market and the further deepening of connectivity with the mainland market have both enhanced the depth and breadth of the Hong Kong market.
The Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, stated that the commission plays a dual role as both a market guardian and promoter, committed to promoting the open, inclusive, and sustainable development of the Hong Kong capital market. In the face of new challenges, the Hong Kong Securities and Futures Commission will continue to focus on strategic priorities and consolidate Hong Kong's position as an irreplaceable core bridge connecting the mainland and international financial markets. (Looking into the New Era)