In its Fund Management Activities Survey (FMAS), the SFC says non-real estate investment trust (Reit) business grew by 18.4% in 2010, to just under HK$10trn. Funds sourced from non-Hong Kong investors rose by 22.3%, to HK$6.6trn, increasing the proportion of non-Hong Kong assets to 66%.
Reits recorded growth of 39%, in terms of market capitalisation, to end the year at HK$103bn.
The survey also found that the population of intermediaries engaging in asset management rose. During 2010, the number of licensed corporations and individuals grew by 10%, to 798 and 5,483 respectively.
The FMAS covered asset management activities among 398 licensed corporations, registered institutions and insurance companies. The survey has been conducted annually by the SFC since 1999.
