Today (July 10), the Financial Secretary of Hong Kong, Paul Chan Mo-po, delivered a video speech at the listing ceremony of the Bosera Guotai New Hong Kong Stock Connect SOE Dividend Index ETF. He stated that the first SOE-themed ETF product listed in Hong Kong symbolizes another milestone in Hong Kong's contribution to connecting SOEs and state-owned enterprises with international capital and promoting the linkage between domestic and overseas markets. Looking ahead, he hopes to continue guiding more international funds and industrial resources to invest in high-quality Hong Kong-listed SOEs through Hong Kong's international financing platform, thus helping them achieve high-quality development. Chan pointed out that as China accelerates its opening up, Hong Kong has seized the opportunity to develop into the world's largest offshore renminbi business center, serving as a springboard for many mainland enterprises expanding overseas operations and a popular gateway for multinational companies entering the mainland market. As the international financial center of the country, Hong Kong has a mature capital market and has always provided quality investment and financing platforms and services for mainland enterprises, including SOEs. With the booming development of emerging industries in the mainland, the demand for overseas listing by companies is strong. The Hong Kong Stock Exchange has implemented a series of listing reforms since 2018 and implemented a special listing regime for tech companies in March this year to facilitate innovative companies in the country's access to international capital, broaden the listing channels for issuers including SOEs, and promote the development of specialized and innovative companies. Since the listing reform in 2018 (as of the end of June), a total of 98 companies have listed through the relevant channels, with the total amount raised for initial public offerings exceeding HK$590 billion, with more than 90% of them being mainland enterprises, fully leveraging Hong Kong's role as a gateway for foreign investment to enter the mainland. As of June this year, a total of 1,460 mainland companies were listed in Hong Kong, accounting for more than half of the total number of listed companies in Hong Kong; their market value accounted for nearly 80% of the total market value in Hong Kong. Chan stated that in conjunction with the recent nine-point opinions put forward by the country to promote capital market development and prevent risks ("Several Opinions on Strengthening Regulation, Preventing Risks, and Promoting the High-Quality Development of the Capital Market ," or "Nine Articles of the Country"), the Hong Kong government and regulatory bodies are committed to attracting medium and long-term capital into the market, continuously improving Hong Kong's capital market system and financial infrastructure. In addition to optimizing the listing system, the authorities are also working to strengthen investment promotion and explore new sources of funding, attracting companies and funds from around the world (including markets along the Belt and Road such as Southeast Asia) to come to Hong Kong.