[Joint Survey between the Securities and Futures Commission and the Hong Kong Monetary Authority in 2025: Sales of investment products in Hong Kong hit new highs, with strong demand for fixed-income, currency and commodity-related products] On September 8, the annual joint survey released by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) showed that sales of non-exchange-traded investment products in Hong Kong surged 63% year-on-year in 2025, hitting a record high of NT$9.9 trillion. Growth was driven by record market participation and strong demand for fixed income, currencies and commodities-related products. The number of participating customers and companies reached new highs, driving strong growth in total transaction volume. The number of customers who completed at least one non-exchange-traded investment product transaction jumped 33% to more than 1.6 million, while the number of licensed corporations and registered institutions engaged in the sale of investment products increased by 9% to 452. It is worth noting that the number of large companies increased by 27% to 128. Collective investment plans (up 85%) and structured products (up 53%) jointly drove record sales, with collective investment plans surpassing structured products for the first time since 2020 to become the best-selling product category.