According to Odaily Planet Daily, Hong Kong's Financial Secretary Paul Chan stated that as of the end of March this year, the number of registered funds in Hong Kong reached 976, with a net fund inflow of over 44 billion US dollars, an increase of 285%. Family offices are expected to grow from 2,700 to 3,000.
Hong Kong will become the world's leading cross-border asset management center within two to three years. There is strong market interest in digital assets, especially the issuance of stablecoins, which has sparked lively discussions. Hong Kong has become one of the first jurisdictions globally to establish a regulatory framework for stablecoins.
Hong Kong is accelerating the improvement of its legal regulatory framework for digital assets, with virtual asset trading platforms having issued 10 licenses, and another eight applications currently under review.