The SFC and HKMA conducted a joint survey on the sale of non-exchange traded investment products by LCs and RIs in 2022. Money market funds were the most popular collective investment schemes, accounting for 61% of the top five CIS transaction amount. Bond funds and equity funds followed, comprising 14% and 7% of the total, respectively. The survey involved 371 LCs and RIs, with over 800,000 clients. Despite a 24% decline in the total transaction amount to $3,799 billion, firms maintained stable manpower for investment product sales. Around 35% of firms recorded an increase in their transaction amount, attributed to offering personalized investment products tailored to individual investors’ preferences. Structured products constituted the majority of products sold, accounting for 51% of the total transaction amount, followed by CIS and debt securities. Sovereign bonds, including HKSAR Government bonds, gained interest for their perceived lower risks and stable returns. The survey also highlighted an increase in the number of firms distributing investment products online, with CIS being the most common product type. Online sales of debt securities saw significant growth in 2022.
Resource:
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR110