PANews reported on March 30 that Hong Kong Financial Secretary Paul Hui said that the complex global political and economic environment is more favorable to Hong Kong's family office business, and the number of family offices settled in Hong Kong could accumulate to more than 3,000 in the short term. In terms of tax exemptions for family offices, the Hong Kong government is drafting amendments to allow private lending, virtual assets, carbon credits, etc. to meet the requirements for tax exemptions. At the same time, it is considering how to make it more convenient for private equity funds to apply for tax incentives. The goal is to submit the ordinance to the Legislative Council next year, hoping that the ordinance (retroactive) can take effect on April 1, 2025.