HKEX(HK:00388) 智通财经网·2026-02-25 06:38Financial Strategy and Market Development - Hong Kong will actively align with national development strategies to promote RMB internationalization and continue reforming the securities market [1] - The government plans to legislate to optimize family office and fund tax systems, and establish licensing systems for digital asset trading and custody service providers [1] - The Hong Kong Monetary Authority and the Securities and Futures Commission are implementing the "Fixed Income and Currency Market Development Roadmap" to enhance the bond market [2][96] Securities Market Reforms - The Hong Kong Stock Exchange (HKEX) will revise listing requirements for companies with dual-class shares and facilitate secondary listings for overseas issuers [2] - Plans include optimizing the initial public offering process and providing more flexibility for biotech and specialized technology companies [2] - The introduction of a paperless securities market system is expected to be launched in the current year [2] Bond Market Innovations - The government issued tokenized bonds totaling HKD 10 billion, the largest globally at the time, and will continue to issue such bonds regularly [3][96] - A digital bond subsidy program will encourage more digital bonds to be issued in Hong Kong [3] Asset and Wealth Management - Over 3,300 single-family offices have been established in Hong Kong, with plans to optimize tax systems to attract more family offices and funds [3][98] - The government will expand the definition of "funds" to include specific single-investor funds and allow tax deductions for investments in digital assets and certain commodities [3] Green Finance Initiatives - Hong Kong aims to strengthen its position as an international green finance center by issuing sustainable bonds and enhancing regulatory environments [4] - The government will support green technology projects and explore data sharing to improve green financing and risk assessment efficiency [4] Innovation and Technology Development - The government will establish an "AI+ and Industry Development Strategy Committee" to promote AI integration across industries [17][18] - Initiatives include enhancing AI training and establishing a clinical trial academy to support biomedical technology [4][26] Economic Outlook - The Hong Kong economy is projected to grow between 2.5% and 3.5% this year, supported by strong external trade and rising private consumption [12] - The inflation rate is expected to be slightly higher than last year, with a forecasted basic inflation rate of 1.7% [12] International Financial Center Positioning - Hong Kong's financial market remains robust despite global economic uncertainties, with plans to enhance its role as an international financial center [48] - The government will deepen financial cooperation in the Greater Bay Area and leverage financial advantages to empower industrial development [48] Digital Asset Development - A comprehensive regulatory framework for digital assets will be established to position Hong Kong as a global innovation center for digital assets [57] - The government will implement a licensing system for digital asset trading and custody service providers [57]