香港财库局：香港展现国际金融中心强劲活力

Core Viewpoint - Hong Kong demonstrates strong resilience and unique advantages as a leading global financial center, showcasing significant growth in various financial sectors [1][3]. Financial Market Performance - Hong Kong ranks third globally and first in Asia in the latest Global Financial Centers Index, with fintech leading the world [3]. - The IPO fundraising amount in Hong Kong is projected to reach $28.5 billion by 2025, a substantial increase of 225% from the previous year, reclaiming the top position in global IPO fundraising [3]. - The average daily trading volume in the stock market is nearly HKD 250 billion, reflecting a 90% increase compared to 2024 [3]. Government Initiatives - The Hong Kong government has launched several significant measures to promote financial innovation and regulatory development, including three rounds of tokenized green bonds and the introduction of central bank digital currencies (e-CNY and e-HKD) [3][4]. - Regulations for virtual asset trading platforms have been established, with 11 platforms currently operating and more in the application process [3][4]. Regulatory Framework - The Hong Kong government is developing regulations for virtual asset brokerage and custody services to enhance the regulatory framework for the virtual asset industry [4]. - The Stablecoin Ordinance was implemented last year, establishing a licensing system for stablecoin issuance, adhering to the principle of "same activity, same risk, same regulation" [4]. Artificial Intelligence in Finance - Hong Kong is at the forefront of AI applications in finance, with the government releasing a policy statement on the responsible application of AI in financial markets [4]. - The Hong Kong Monetary Authority has launched two pilot programs for generative AI, providing a controlled framework for banks to test AI applications while balancing innovation and risk management [4]. Financial Stability and Market Reform - Financial stability is emphasized as a core prerequisite for market development and innovation, with ongoing efforts to deepen ties with mainland markets and leverage technological advancements [4].