Hong Kong Financial Secretary Chen Maobo: Currently, the total market value and trading volume of new economy companies account for over 25% in Hong Kong stocks.

On April 30, the Financial Secretary of Hong Kong, Paul Chan Mo-po, attended the "CCTV Finance and Finance Night - Hong Kong Financial Night" and stated during his speech that Hong Kong will continue to grow and strengthen as the preferred fundraising market. Over the years, Hong Kong has made future-oriented companies a driving force in the market through securities market reform, with new economy companies currently accounting for over 25% of the total market value and trading volume in the Hong Kong stock market. The government will push for more market reforms, such as optimizing the "same stock, different rights" system, enhancing the efficient pairing of funds and projects, and using financial strength to support more high-quality companies in expanding their international businesses. Paul Chan Mo-po stated that Hong Kong will continue to grow and strengthen as the preferred fundraising market, as well as help promote the internationalization of the Renminbi, and continuously build new areas of development. In terms of promoting the internationalization of the Renminbi, Paul Chan Mo-po mentioned that Hong Kong is enhancing the functions of the offshore Renminbi business hub in several ways: first, enhancing offshore Renminbi liquidity, such as encouraging more issuers from home and abroad to issue Renminbi-denominated bonds and stocks in Hong Kong; second, optimizing offshore Renminbi financial infrastructure, including improving cross-border payment systems; third, enriching Renminbi investment and risk management products; fourth, deepening connectivity with the mainland to promote more two-way usage of the Renminbi. In continuously building new areas of development, on one hand, promoting cross-sectoral integrated development to create new growth points. For example, we are establishing a one-stop multi-asset trading and post-trading infrastructure that covers stocks and bonds from mainland China and Hong Kong, promoting cross-product and cross-regional collateral interoperability to support more product issuances. On the other hand, actively exploring new categories, such as the commodity and gold trading market, and building a full industry chain from clearing, settlement, storage to derivatives, to provide more stable and efficient trading services in the region.