Hong Kong Financial Secretary Paul Chan Mo-po announced plans to position Hong Kong as the world's leading cross-border asset management center within two to three years. As of March, the city saw a 285% increase in registered funds, reaching 976, with net inflows exceeding $44 billion. The number of family offices is also expected to rise from 2,700 to 3,000. Chan highlighted the growing interest in digital assets, particularly stablecoins, and noted Hong Kong's pioneering role in establishing a regulatory framework for these assets. The city has issued ten licenses for virtual asset trading platforms, with eight more applications under review, underscoring its commitment to financial innovation and regulatory advancement.