Chan Mo-po: Hong Kong is expected to become the world's largest cross-border asset management center within two to three years

Mars Finance News: Financial Secretary of the Hong Kong Special Administrative Region, Chan Mo-po, recently wrote that since the beginning of this year, global capital flows have demonstrated that international investors' confidence in Hong Kong's financial market is further strengthening, and Hong Kong's asset and wealth management business has also shown steady growth. As of the end of March this year, the number of funds registered in Hong Kong reached 976, with a net capital inflow of over $44 billion, an increase of 285% year-on-year. It is expected that within two to three years, Hong Kong will become the world's largest cross-border asset management center; the number of people working in the financial industry is also on the rise, with individuals and institutions applying for licenses under the Securities and Futures Ordinance recording double-digit growth compared to the same period last year. (21 Finance)