Li Ka-chung: Assist Mainland technology companies in financing in Hong Kong

The Chief Executive of the Hong Kong Special Administrative Region, Carrie Lam, delivered a new policy address at the Legislative Council today. Lam stated that Hong Kong will assist mainland technology companies in financing in Hong Kong through the "Technology Enterprise Connection Scheme," strengthening financial support for the country's construction of a technology powerhouse; further refining the listing mechanism for the main board and structured product issuance; studying the optimization of the regulations for listing with dual class share structures; exploring the possibility of shortening the stock settlement cycle to T+1; promoting more overseas companies to choose Hong Kong for a secondary listing; assisting Chinese concept stocks in choosing Hong Kong as their preferred return destination; and pushing for the inclusion of RMB trading counters for Hong Kong stocks in the "Stock Connect" southbound trading program.