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On February 25, the Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan Mo-po, delivered the government's financial budget for the 2026-2027 fiscal year at the Legislative Council. Chan Mo-po stated that in order to continuously optimize the securities market, attract issuers, and improve market efficiency, the Hong Kong Stock Exchange will advance the following initiatives: revising the requirements for the listing of companies with dual-class shares in the first quarter, facilitating overseas issuers for secondary listings, streamlining the process for initial public offerings, and providing more flexibility for biotechnology and special technology companies applying for listings. In the first half of the year, they will implement and improve the framework for listing structured products, and consult the market on specific implementation plans for promoting a "T+1" settlement cycle. They will also reform the trading unit size of securities in the market and collaborate with the Securities and Futures Commission of Hong Kong and the industry to launch a paperless securities market system within the year.