PANews reported on December 15 that Hong Kong Financial Secretary Paul Chan Mo-po published a new issue of "Secretary's Essays", in which he pointed out that the number of licensed asset management companies in Hong Kong increased by 24% year-on-year last quarter, and the number of open-end fund companies also increased sharply by more than 132% year-on-year. According to the latest data, the number of start-ups in Hong Kong has reached a new high, among which the proportion of start-ups established by non-local founders has also increased to 28%. In addition, Paul Chan Mo-po also announced that the public consultation on the new fiscal year's "Budget" officially started today.