Teresa Xu: The bad weather trading mechanism brings full certainty to the Hong Kong market.

The Director of the Financial Services and the Treasury Bureau of Hong Kong, Xu Zhengyu, stated that the Chief Executive, John Lee Ka-chiu, announced last year that the Hong Kong Stock Exchange (00388) implemented arrangements for the securities market to continue operating in severe weather conditions starting from September 23 of the same year. Today marks the first time Hong Kong has had a full trading day operating in adverse weather conditions. He mentioned that despite uncertainties, the existing mechanism for trading in adverse weather conditions brings certainty to the market, and financial institutions and investors can trade without any doubts. He also stated that the normal operation of the mechanism is the result of the government and the market's joint determination to reform, which helps to maintain Hong Kong's securities market's function in providing price discovery, asset allocation, and risk management services for global investors. Trading and settlement proceeded as usual today, with a total turnover of HK$229.4 billion.