According to Golden Finance, Hong Kong Secretary for Financial Affairs and Treasury Xu Zhengyu said that the complex global political and economic environment is more beneficial to Hong Kong's family office business, and family offices settled in Hong Kong can accumulate to more than 3,000 in the short term. Regarding tax exemption in family offices, the Hong Kong government is drafting an amendment bill that allows tax exemption including private lending, virtual assets, carbon credit, etc. to meet the requirements. At the same time, it is conceiving how to make private equity funds more convenient when applying for tax incentives. The goal is to hand the regulations over to the Legislative Council next year, hoping that the regulations (retrospective) will take effect on April 1, 2025.