Xu Zhengyu: Action plan soon to be announced to promote the development of corporate financial centers in Hong Kong.

According to the Securities Times app, Hong Kong has surpassed Switzerland to become the world's largest cross-border wealth management center. The Financial Secretary and Treasury Bureau of Hong Kong, Paul Chan Mo-po, stated in a blog post that global investors have shown their confidence in Hong Kong through their actions, affirming the city's strong resilience as an international financial center. He also revealed that the government will be submitting legislative proposals to the Legislative Council this month to optimize the tax regime for funds, single family offices, and carried interest, as well as announcing action plans to promote the development of corporate treasury centers in Hong Kong.