This study aims to develop and validate a strength-based instrument for assessing the academic advising needs of university students in Hong Kong using the Appreciative Advising Inventory (AAI) as a blueprint. We reviewed the content validity and cultural relevance of the AAI and developed a 37-item AAI Hong Kong Version (AAI-HK). We conducted Rasch analysis and principal component analysis. The AAI-HK has four stable and reliable factors (social competence and support; positive identity and participation; positive values; and commitment to learning and study), which represent key strengths of university students. Four AAI-HK subscales demonstrate good reliability. We found significant differences in AAI-HK scores between students who are under academic probation or not and between students who are local or nonlocal.