According to online reports, according to a Hong Kong government press release, Hong Kong Financial Secretary Paul Chan said at an event today that as of the end of March this year, the number of registered funds in Hong Kong reached 976, recording a net inflow of more than US$44 billion year-on-year, an increase of 285%. The number of family offices is expected to increase from 2700 to 3000 soon. Hong Kong will become the world's number one cross-border asset management center within two to three years. In terms of financial innovation, the recent market interest in digital assets, especially the issuance of stablecoins, has aroused heated discussions. The legislative work on stablecoins has made Hong Kong one of the first jurisdictions in the world to establish a statutory regulatory framework for stablecoins. We embrace the development of digital assets and have accelerated the improvement of relevant legal regulatory frameworks in recent years. For example, the licensing system for virtual asset trading platforms. We have issued 10 licenses and are approving another eight applications.