Yu Weiwen: Hong Kong is expected to become the world's largest wealth management center in the next few years.

According to the latest information from the Guotong Financial APP, Norman Chan, the Chief Executive Officer of the Hong Kong Monetary Authority, wrote in a recent article in "Exchange Thoughts" that the performance of the asset and wealth management market in Hong Kong over the past year has been impressive. According to the recently released "2024 Asset and Wealth Management Activity Survey" by the Securities and Futures Commission, as of the end of 2024, the total value of managed assets in Hong Kong increased by 13% year-on-year, reaching HK$35 trillion. Among them, private banking and private wealth management have performed particularly well, with a 15% year-on-year increase in total managed assets, recording net capital inflows of HK$384 billion, reflecting the demand for wealth management services in Hong Kong from high-net-worth investors.