The Securities and Futures Commission of Hong Kong: Hong Kong's securities industry net profit was HK$19 billion in the first half of the year, an increase of 29% year-on-year.

On September 25, the Securities and Futures Commission of Hong Kong released the "Financial Review of the Securities Industry," which showed further growth in the net profit of the Hong Kong securities industry for the six months ending June 30, 2024. The average daily market turnover and the number of active cash and margin clients also saw an increase. The net profit of all securities brokers and securities margin financiers in Hong Kong for the first half of 2024 rose to HK$19 billion, an increase of 50% and 29% compared to the previous six months and a year ago, respectively, continuing the trend of a 25% year-on-year increase in 2023. Their total income for the six months ending June 30, 2024, remained roughly the same, as growth in net commission income, underwriting fees, and trading profits was offset by a decline in revenue from asset management and institutional financing advisory services, with the increase in net profit mainly coming from a reduction in non-interest expenses. The Financial Review report and the latest joint investigation by the Securities and Futures Commission and the Hong Kong Monetary Authority show that the industry is increasingly expanding the breadth and depth of its products and services. The Financial Review report for the first time disclosed the virtual asset trading activities in the securities industry, which generated a total of HK$77 million in revenue in the first half of 2024. At the same time, according to the joint investigation by the Securities and Futures Commission and the Hong Kong Monetary Authority, the transaction volume of non-exchange-traded investment products handled by licensed institutions in 2023 reached HK$12.38 trillion, setting a new historical high. Dr. Brian Yip Chih-Hang, Executive Director of Intermediaries at the Securities and Futures Commission, stated that the net profit of the securities industry increased by 50% in the past six months, or by 95% since the second half of 2022, which is consistent with the observation of licensed institutions regaining profitability. The number of active cash and margin clients reached a historical high of about 4.87 million, confirming that investment activities remain active. Hong Kong provides diversified products and services that cater to the needs of local and global investors, allowing the Hong Kong securities industry to remain robust and resilient. With the improvement in the investment climate, licensed institutions are gradually establishing a foothold in distributing non-exchange-traded investment products, with some actively exploring business in virtual asset trading.