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CICC Securities report states that the continuous improvement of Hong Kong's capital market system has provided a good market environment and opportunities for the market value management of Hong Kong-listed SOEs. The Hong Kong Stock Exchange continues to optimize its listing mechanisms and introduce more innovative measures to enhance market attractiveness and competitiveness, attracting more high-quality global companies to list in Hong Kong. At the same time, the country will continue to support Hong Kong in consolidating and enhancing its position as an international financial center, strengthening financial cooperation between the two places, and promoting the development of financial market connectivity to a higher level. Hong Kong will also actively integrate into the country's development strategy, playing an important "window role" in the new development pattern of "dual circulation" to provide stronger support for Chinese companies to connect with international capital and achieve global development through listing, mergers and acquisitions, and other means to achieve optimized resource allocation and value enhancement for high-quality development.