Core Viewpoint - The Hong Kong stock market is facing liquidity challenges due to macroeconomic factors and structural issues, but these challenges also present opportunities for innovation through financial technology and capital integration [3][6]. Group 1: Market Challenges - The Hong Kong stock market has experienced liquidity fluctuations, influenced by global monetary policy tightening, geopolitical uncertainties, and uneven economic recovery post-pandemic [3]. - Internal structural issues, such as low trading activity in certain sectors and insufficient liquidity in small-cap stocks, have exacerbated market fragmentation [6]. Group 2: Opportunities for Innovation - The liquidity issues in the Hong Kong market have spurred a wave of financial technology and capital innovation, particularly through the collaboration between 盈证国际 (Prime Intelligence Solutions Group) and Deepro Exchange [6][12]. - The BTM (Blockchain Trading Management) protocol serves as the foundation for this collaboration, aiming to enhance market liquidity by integrating traditional financial assets with digital assets [7][12]. Group 3: BTM Protocol and Its Impact - The BTM protocol incorporates smart contracts, decentralized clearing, and real-time data synchronization to address traditional trading inefficiencies, thereby revitalizing the market [7][16]. - Historical advancements in financial markets have often been driven by technological breakthroughs, with blockchain technology now seen as a core component of the next generation of financial infrastructure [7]. Group 4: Implementation and Results - The collaboration has already shown results, with a liquidity enhancement plan for small-cap stocks leading to a 30% increase in average daily trading volume within three months of the protocol's implementation [16][19]. - The BTM protocol allows for the creation of innovative financial products, such as liquidity mining and automated market-making, attracting more quantitative funds and tech-driven investors to the Hong Kong market [13][19]. Group 5: Future Outlook - The partnership aims to build a sustainable digital ecosystem for the Hong Kong stock market, focusing on compliance, academic research, and cross-border capital flow [28]. - As technology matures and market acceptance grows, the BTM protocol could expand to include a wider range of asset classes, enhancing trading efficiency and risk management capabilities [29].
港股流动性复苏：盈证国际与Deepro交易所BTM生态的资本融合之路