Group 1 - Hong Kong has established itself as a stable and reliable financial hub for international investors amid global economic uncertainties [1][2] - As of April 2023, total bank deposits in Hong Kong exceeded HKD 18 trillion, representing a 19% increase compared to June 2022 [1] - Hong Kong's GDP has shown consistent growth for nine consecutive quarters, surpassing HKD 3 trillion, with inflation remaining stable [1] Group 2 - The stock market in Hong Kong has regained upward momentum, with average daily trading volume increasing to over HKD 240 billion this year [1] - Hong Kong has ranked first globally in IPO fundraising, indicating a strong capital market [1] - Local R&D expenditure is projected to reach nearly HKD 33 billion in 2023, reflecting a 10% year-on-year growth [1] Group 3 - The number of local startups in Hong Kong reached a record high of approximately 4,700 by the end of last year [1] - The Hong Kong government is increasing investment in innovation and technology, which is expected to enhance future growth prospects [1] - Collaboration with cities in the Guangdong-Hong Kong-Macao Greater Bay Area is anticipated to further boost Hong Kong's economic development [1]

Group 1 - The core event "Unicorn Day" organized by Hong Kong University of Science and Technology (HKUST) showcased over 100 innovative startups, focusing on solutions for brain degeneration, glaucoma prevention, and luxury goods authentication through AI applications [1] - The event aims to align with Hong Kong's goal of becoming an international innovation and technology hub, facilitating collaboration between startups and potential investors [1][2] - HKUST has established an innovation fund and is committed to fostering a vibrant innovation ecosystem in Hong Kong, emphasizing the importance of local universities in this development [1] Group 2 - A wearable device developed by HKUST for glaucoma prevention utilizes a heat pad and pressure adjustment system to relieve eye pressure, along with a mobile app that provides a glaucoma risk report in one minute [2] - The "Smart Chip and System Research Center," established in 2020, is the first multinational alliance in Asia focused on AI chip design, showcasing three latest research outcomes at the event [2] - HKUST has founded over 1,800 startups, including 10 unicorn companies, highlighting its role as a leading research university dedicated to innovation and impactful knowledge transfer [2]

Group 1 - Fitch Ratings maintains Hong Kong's credit rating at "AA-" with a "stable" outlook, highlighting strong credit fundamentals including substantial fiscal buffers and low government debt levels [1] - The banking system in Hong Kong shows resilience with ample capital and liquidity, and total bank deposits reached nearly HKD 18 trillion, a year-on-year increase of 11% as of March [1] - The capital market is active, with the Hang Seng Index rising over 15% year-to-date, and total market capitalization exceeding HKD 41 trillion, indicating growing investor confidence [1] Group 2 - The Hong Kong government presents a robust fiscal situation, aiming for a balanced budget in the current fiscal year and a return to surplus by the 2026-27 fiscal year [2] - Non-operating accounts will see a gradual reduction in deficits starting from the 2026-27 fiscal year, with overall government accounts expected to return to surplus by the 2028-29 fiscal year [2] - Global economic uncertainties are present, but recent easing of trade tensions and steady growth in mainland China are expected to benefit Hong Kong's trade performance [2] Group 3 - Hong Kong is leveraging its unique advantages under "One Country, Two Systems" to adapt to global trade realignments, with an increase in international headquarters and R&D centers being established [3] - The number of companies with headquarters in Hong Kong is projected to rise by approximately 10% to nearly 10,000 by 2024, marking a historical high [3] - Hong Kong aims to strengthen connections with both traditional and new markets, particularly in the Global South, while deepening integration with the Guangdong-Hong Kong-Macao Greater Bay Area [3]