Edward Yau: Support mainland technology companies to raise funds in Hong Kong and encourage overseas enterprises to list in Hong Kong as a second option.

The Chief Executive of the Hong Kong Special Administrative Region, John Lee Ka-chiu, stated in his speech at Hong Kong Fintech Week that Hong Kong is committed to promoting economic growth and enhancing competitiveness in order to consolidate its position as an international financial center. In terms of the stock market, Hong Kong will support mainland tech companies in raising funds in Hong Kong, encourage overseas companies to have a secondary listing in Hong Kong, and welcome Chinese concept stock companies to return from overseas, making Hong Kong their preferred destination. John Lee Ka-chiu mentioned that Hong Kong currently has over 1,200 fintech companies, an increase of 10% from last year, and it is expected that by 2032, the total revenue of Hong Kong's fintech industry will exceed $600 billion, with an annual growth rate of over 28%. In terms of fintech, the Hong Kong SAR government plans to relax restrictions to encourage more investors to enter the fintech sector. The Hong Kong Monetary Authority's Ensemble Project Sandbox is exploring tokenized applications. Hong Kong will continue to deepen its stock market, expand its world-class bond and currency markets, improve bond market infrastructure, and establish connections with overseas markets, including Switzerland and the UAE. At the same time, it will promote the development of the insurance, asset, and wealth management industries. He pointed out that Hong Kong is the world's largest offshore renminbi hub and will continue to support the use of renminbi in the Hong Kong economy. The Hong Kong Monetary Authority will provide longer-term renminbi financing to businesses for trade, operations, and capital expenditure through currency swap arrangements with the People's Bank of China.