Li Jiazhao: Research allows investors to centrally manage and cross-collateralize different assets such as stocks and bonds on a single platform.

On September 17, Chief Executive Carrie Lam of the Hong Kong Special Administrative Region delivered the "Policy Address" for 2025 in the Legislative Council. Lam stated that the Hong Kong government will push to solidify Hong Kong's position as a bond hub. Hong Kong will enhance its financial infrastructure, including collaborating with Hong Kong Exchanges and Clearing Limited under the Hong Kong Monetary Authority to study allowing investors to centrally manage and cross-margin different assets such as stocks and bonds on a single platform, promoting linkage between different "connect" mechanisms. It will also establish connections with markets in Switzerland, the United Arab Emirates, and other places, and promote the use of offshore Chinese government bonds as collateral for various clearing houses, further enriching the application scenarios of Renminbi assets. The Securities and Futures Commission of Hong Kong is also studying the feasibility of establishing and operating an electronic bond trading platform developed by the market and actively promoting the establishment of a commercial repo market and central counterparty system in Hong Kong to enhance market liquidity.