Chen Maobo: Hong Kong stock market liquidity continues to increase, with average daily trading volume in the first five months of this year increasing by 14% year-on-year.

On June 14th, Hong Kong Financial Secretary Paul Chan Mo-po stated in his blog that Hong Kong's development has always benefited from the country's long-term planning and continuous progress, while also making a unique contribution to the country's development. In the financial sector, excellent companies emerging in the country's innovation and technology field have driven the continuous increase in the technological value of Hong Kong stocks, with new economy companies now accounting for approximately 25% of Hong Kong's total market value. Liquidity in the stock market has also continued to increase, with the average daily turnover exceeding HK$270 billion in the first five months of this year, a 14% increase compared to the previous year. In terms of trade, as the country's industrial system continues to strengthen, coupled with the deep regional layout of the production-supply chain, and efforts by manufacturers to develop new markets in Southeast Asia, the Middle East, and other areas, Hong Kong's goods exports have shown great resilience in a complex and changing environment, with a growth of over 15% for the whole year last year and further increasing by approximately 35% in the first four months of this year. Paul Chan Mo-po continued to say that industrial development and economic upgrading and transformation will be key tasks. We need to accelerate the development of the Northern Metropolis as a space carrier for the deployment of emerging industries and future industries. Over the past few years, we have made remarkable progress in attracting investment and attracting cutting-edge technology companies to settle in Hong Kong. In various aspects of "AI+", we have laid a solid foundation through the construction of computing power infrastructure, support for cutting-edge research, encouragement of industrial applications, aggregation of high-end talents, and creation of a complete capital chain. The translation continues with a discussion on the importance of Hong Kong's collaboration with national development plans, as well as the need for continuous improvement and development in various sectors. Paul Chan Mo-po emphasizes the importance of public consultation for Hong Kong's first five-year plan, which will focus on key themes including industry development, economic transformation, and the integration of AI and finance. The plan aims to strengthen Hong Kong's position as an international financial, shipping, and trade center, build an international innovation and technology center, and enhance the city's role in global offshore Renminbi business. Furthermore, the consultation process will also address how to capitalize on these strategic directions in the context of Hong Kong's strengths and characteristics, identify and address deficiencies, and explore new growth opportunities. The plan will gather opinions from various sectors of society to shape Hong Kong's future development and enhance the city's competitiveness in the global landscape.