Huang Tianyou: Chinese asset management institutions can attract global long-term funds to invest in China through mature mechanisms, further accelerating the process of renminbi internationalization.

The Chairman of the Securities and Futures Commission of Hong Kong, Mr. Carlson Tong, mentioned at the annual conference of the Hong Kong Investment Funds Association that they are rooted in the Hong Kong market and deepening their global strategy. As an international financial center, Hong Kong has a mature and complete market system, cross-border connectivity mechanisms, and a global network of investors. Chinese asset management institutions can use Hong Kong as a platform for global strategy by establishing funds, ETFs, and specialized products, and leveraging mature mechanisms such as fund recognition, ETF connectivity, and cross-border wealth management in the Greater Bay Area to promote high-quality domestic assets such as technology, new energy, and advanced manufacturing to the international market, attracting long-term global funds for investment in China, further accelerating the internationalization of the RMB. Mr. Carlson Tong pointed out that at the institutional level, it is necessary to continuously increase the allocation of long-term funds, focus on strategic emerging industries, support the transformation and upgrading of traditional industries, promote green and sustainable development, continuously improve the innovation and technology ecology in Hong Kong, the Greater Bay Area, and even across the country, and effectively irrigate the new productive forces with financial vitality. In addition, it is important to break away from traditional business models, comprehensively upgrade product systems, investment strategies, and business tools, strengthen research and investment capabilities, internal governance, and active management standards, on one hand to meet the diverse needs of investors, and on the other hand to continuously improve risk-adjusted investment returns. Mr. Carlson Tong stated that the stability and future prospects of the capital market depend on the professional level and professional ethics of asset management practitioners. Asset managers are the guardians of capital, bearing the important mission of creating wealth and planning for the future for their clients. Chinese institutions need to continuously enhance their capabilities in global asset allocation, corporate governance, and risk management, and practice the spirit of "Active Stewardship": actively engage with invested companies, help improve their governance levels, and jointly create long-term, sustainable value.