Growth of Cryptocurrency Investment Portfolio in Hong Kong: A Major International Asset Management Center
Surge in Registered Funds and Notable Capital Inflows
According to an official announcement from the Hong Kong government on June 21, the number of registered funds in the special administrative region has reached nearly 1,000 funds, specifically 976 funds. Notably, net capital inflows into the market have exceeded 44 billion USD over the past year, growing by 285%. This demonstrates Hong Kong's appeal in the cross-border asset management sector. Family offices are expected to increase from 2,700 to 3,000, contributing to making Hong Kong a leading international asset management center in the next 2 to 3 years.
Financial Innovation in Cryptocurrency and Legal Framework
In the digital financial revolution, the market stands out with interest in digital assets, especially the issuance of stablecoins. The Hong Kong government has built a regulatory framework based on a mandatory legal model to manage this type of cryptocurrency, becoming one of the few regions in the world to do so. These new regulatory mechanisms help promote the sustainable development of cryptocurrency trading platforms. To date, 10 exchanges have been successfully licensed, and 8 other applications are under review, demonstrating a commitment to fostering innovation in the cryptocurrency sector.
Source: https://tintucbitcoin.com/hong-kong-tro-thanh-trung-tam-tai-san-xuyen-bien-gioi/
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