Chen Maobo: Technology stocks drive the incremental development of Hong Kong stocks. AI language large models are an important driving force with great potential.

Hong Kong Financial Secretary Paul Chan Mo-po said during the financial services sector's Lunar New Year reception that the driving force behind the rise in the Hong Kong stock market may be the market's anticipation of future development, with technology stocks being important support. Technological innovation can improve efficiency, bring new market demand, and promote incremental development. After consulting several AI language models, he said that the keywords generated were "important driving force" and "huge potential". As for his hopes for the Year of the Snake in the stock market, he believes that in the current geopolitical situation, one should "be cautiously optimistic, happy to see improvement, and expect things to get better". The stock market in the Year of the Snake has had a good start, with an increase of nearly 1600 points in about two weeks and an average daily turnover of over 220 billion HKD, showing a simultaneous increase in volume and price. Paul Chan Mo-po expects that more mainland leading companies will be listed in Hong Kong. He mentioned that the Hong Kong Stock Exchange (00388) received dozens of applications for new listings in January, and he believes that the Hong Kong stock market will welcome more good companies this year, further enhancing liquidity. He stated that the Hong Kong SAR government, regulatory agencies, and the Hong Kong Stock Exchange are accelerating efforts to improve the Hong Kong financial market, leveraging Hong Kong's unique advantages in internal and external connectivity, expanding and deepening connectivity, and providing ample development opportunities in asset and wealth management, family office business, as well as gold and commodity trading.