Odaily Planet Daily News According to a press release from the Hong Kong government, Hong Kong's Financial Secretary Paul Chan stated today at an event that as of the end of March this year, the number of registered funds in Hong Kong reached 976, with a year-on-year net inflow of over 44 billion US dollars, representing a growth of 285%. Family offices are expected to increase from 2,700 to 3,000 soon, and Hong Kong is set to become the world's number one cross-border asset management center within two to three years. In terms of financial innovation, there has been a strong market interest in digital assets recently, particularly with the issuance of stablecoins sparking lively discussions. The legislative efforts surrounding stablecoins have positioned Hong Kong as one of the first jurisdictions globally to establish a regulatory framework for stablecoins. We embrace the development of digital assets and have been accelerating the improvement of the relevant legal regulatory framework in recent years, such as the licensing system for virtual asset trading platforms, with 10 licenses already issued and an additional eight applications currently under review.