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

ChainCatcher news, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, recently wrote that since the beginning of this year, global capital flows have confirmed that international investors' confidence in Hong Kong's financial market is further strengthening, and Hong Kong's asset and wealth management business is also seeing steady growth.

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 USD, an increase of 285%. It is expected that within the next two to three years, Hong Kong will become the world's largest cross-border asset management center; the number of people entering the financial industry is also on the rise, with a double-digit increase in the number of individuals and institutions applying for licenses under the Securities and Futures Ordinance compared to the same period last year. (21st Century Business Herald)