李家超重大发布！探索缩短港股结算周期至T+1，推动更多海外企业来港第二上市

Core Insights - The Hong Kong government's policy report emphasizes economic development, aligning with national strategies, and proposes specific measures for the Northern Metropolis, industrial innovation, and maintaining Hong Kong's status as an international financial center [1] Group 1: Development of the Northern Metropolis - The Northern Metropolis is identified as a new economic engine for Hong Kong, with plans to accelerate its development and attract industries and major projects [2] - A "Northern Development Committee" will be established, led by the Chief Executive, to formulate operational models for various development zones [2] - The government will introduce dedicated legislation to facilitate the development of the Northern Metropolis, including funding channels for park companies and streamlined management for cross-border flows [2] Group 2: Industrial Development and Innovation - The report highlights the importance of artificial intelligence (AI), with a commitment to enhance AI research, talent, funding, and applications [4] - A HKD 3 billion "Frontier Technology Research Support Scheme" will be launched to attract international AI researchers to Hong Kong [4] - The government plans to establish the "Hong Kong AI Research Institute" by 2026 with a budget of HKD 1 billion to promote AI research and application [4] Group 3: Life Sciences and Health Industry - Hong Kong's life sciences sector is thriving, with a robust "government-industry-academia-research-investment" ecosystem [5] - The government aims to attract more pharmaceutical companies to conduct clinical trials in Hong Kong, particularly for rare diseases and advanced therapies [5] - Plans include establishing a "Hong Kong Drug and Medical Device Regulatory Center" by 2026 to enhance regulatory standards [5] Group 4: Strengthening Hong Kong's Financial Center Status - The report outlines measures to support the stock market, including facilitating financing for mainland tech companies and optimizing listing regulations [6][7] - Initiatives to enhance the bond market include improving financial infrastructure and establishing electronic trading platforms [7] - The government aims to accelerate the establishment of an international gold trading market and enhance commodity trading in collaboration with the Greater Bay Area [8] Group 5: Market Reactions - Following the policy report's release, the Hong Kong stock market saw significant gains, with the Hang Seng Index rising by 1.66% and the Hang Seng Tech Index increasing by 4.14% [10] - The stock market has shown a remarkable recovery since 2025, with the Hang Seng Index up over 33% year-to-date and the tech index up over 41% [13] - New stock issuance in the Hong Kong market has surged, with total financing reaching HKD 137.5 billion, a nearly sixfold increase compared to the previous year [13]