The number of licensed asset management companies in Hong Kong increased by 24% year-on-year, and the number of start-ups reached a new high

According to PANews, Hong Kong Financial Secretary Paul Chan pointed out in the latest issue of "The Secretary's Essays" that the number of licensed asset management companies increased by 24% year-on-year last quarter, and the number of open-end fund companies increased by more than 132% year-on-year.

The latest data shows that the number of start-ups in Hong Kong has reached a new high, of which the proportion of non-local start-ups has risen to 28%. In addition, Chan Mo-po announced that the public consultation on the new fiscal year (budget) will officially start today.