A new survey from Charles Schwab Hong Kong, titled the "Hong Kong Investor US Market Investment Survey," analyzes the strategies and allocations of Hong Kong investors towards the US market. The findings indicate strong interest in US stocks among investors, particularly younger and high-income groups, with half of the respondents expressing an "optimistic" outlook. The survey also highlights the risk of over-concentration, as 77% of respondents hold concentrated positions in large-cap US technology stocks, and reveals an unmet need for professional financial advice.

The research, conducted via an online questionnaire with 800 investors in December 2025, explored participants' investment habits, key factors influencing their decisions, and their overall perspective on the prospects of US equities. Lam Cheung-kit, Senior Vice President and Financial Consultant at Charles Schwab Hong Kong Limited, commented, "Hong Kong investors are clearly drawn to the growth potential of the US technology sector, but alongside this enthusiasm, there needs to be a greater awareness of the associated risks. The current environment is characterized by market volatility, geopolitical uncertainty, and concentration in a small number of large US companies, necessitating a cautious and fundamentally-grounded investment approach. Despite the optimistic sentiment, our research shows many investors are not receiving sufficient support to navigate the current complex market dynamics. There is a clear need for professional guidance, comprehensive educational resources, and more diversified channels for investing in the US market."

He further explained that since many Hong Kong investors remain overly concentrated in Hong Kong equities, adjusting asset allocation to include US stocks alongside local holdings could offer significant risk diversification benefits. Currently, very few investors have access to the professional advice needed to construct a balanced portfolio.