The Securities and Futures Commission of Hong Kong has released the "2023 Asset and Wealth Management Activity Survey", which shows that the number of licensed institutions in Hong Kong's category 9 (i.e. asset management) has steadily increased by 12% to 2,161 as of June 2024. In addition, the strong growth momentum of open-ended fund companies continues, with SFC-approved funds registered in Hong Kong performing well. Net capital inflows continued to improve in the first quarter of 2024, recording 33 billion yuan ($4.2 billion), continuing the strong rebound of 93% to 87 billion yuan ($11.1 billion) last year.