Core Viewpoint - The article emphasizes the importance of enhancing Hong Kong's status as an international financial center, particularly in the context of the ongoing US-China geopolitical dynamics and the need for sustainable economic development in China [3][4]. Group 1: Enhancing Hong Kong's Financial Center Status - The article outlines six steps proposed by Tan Yueheng to elevate Hong Kong's international financial center status, focusing on supply-side reforms in the capital market and attracting high-quality companies to list in Hong Kong [3][4]. - Specific recommendations include expanding the QDII and QFII frameworks to allow high-net-worth individuals to invest, addressing issues related to trading and settlement times, and enhancing the role of sovereign wealth funds in the Hong Kong market [4][5][6]. - The article also suggests tax incentives for cross-border securities investment, including extending tax exemptions on capital gains and dividends until 2030 [5]. Group 2: Pension Fund Overseas Allocation Center - The article discusses the potential for Hong Kong to become a center for overseas allocation of mainland pension funds, highlighting the current low overseas investment ratio of about 10% compared to the OECD average of 35% [8][9]. - Recommendations include expanding the range of long-term investment products available in Hong Kong, increasing the number of high-dividend stocks, and leveraging the expertise of Hong Kong asset managers to facilitate international investment for mainland pension funds [9][10]. Group 3: Building an International Technology Innovation Center - The article emphasizes the need for the Guangdong-Hong Kong-Macao Greater Bay Area to become an international technology innovation center, addressing challenges such as insufficient basic research investment and low levels of innovation collaboration [12][13]. - Specific suggestions include facilitating cross-border flow of research resources, encouraging corporate investment in basic research, and enhancing financial support for strategic emerging industries [14][15][16].