The Hong Kong Investment Promotion Department announced on January 7th that Singapore asset management company Baycrest Asset Management has opened its first overseas office in Hong Kong, utilizing Hong Kong's superior geographical location to serve as an important bridge connecting clients in North Asia and Southeast Asia. Assistant Director of the Hong Kong Investment Promotion Department, Eric Lau, stated that Hong Kong is an international financial center with a recognized status and is also the largest international asset management center in Asia, making it an ideal base for Baycrest Asset Management to expand its business in the region. Chief Executive Officer of Baycrest Asset Management (Hong Kong) Limited, Wayne Wong, mentioned that Hong Kong has risen to the third place in the Global Financial Centers Index and expressed confidence that the Hong Kong team will provide clients with a global and diversified platform to help preserve and grow their wealth. They will actively seize the strong investment opportunities between Hong Kong and Singapore. He added that Hong Kong is not only the world's second largest cross-border wealth management center, but also an important gateway to tap into the vast market of the Greater Bay Area, providing good opportunities to enhance and expand business. Baycrest Asset Management is a boutique asset management company that offers investment solutions and wealth management services to professional investors. Baycrest Asset Management in Hong Kong is regulated by the Securities and Futures Commission of Hong Kong and holds licenses for Type 4 (advising on securities) and Type 9 (asset management) regulated activities, subject to relevant licensing conditions.