Core Viewpoint - The Director of the Hong Kong Financial Services Development Council suggests introducing liquidity providers for small-cap listed companies to enhance trading volume and attract more international firms to list in Hong Kong [1] Group 1: Trading Volume and Market Dynamics - Currently, only 50-150 stocks out of over 2000 listed companies in Hong Kong have significant trading volumes, indicating a lack of liquidity for many small-cap stocks [1] - The introduction of a "market maker" system, similar to that used for warrants, bull-bear certificates, and ETFs, is proposed to improve liquidity for these smaller companies [1] Group 2: Listing Mechanism Optimization - The Director advocates for optimizing the listing mechanism in Hong Kong, suggesting that companies with dual-class shares ("same share different rights") should find it easier to go public [1] - There is a call to expand the scope of mutual market access, allowing both domestic and international investors to invest more conveniently in mainland and Hong Kong markets [1] Group 3: Attracting International Companies - The Director has visited regions such as the Middle East, Southeast Asia, and Central Asia, where many companies express interest in listing [1] - It is emphasized that these companies should consider listing in Hong Kong as a primary or secondary listing to access mainland Chinese investors, which is increasingly important amid rising geopolitical tensions [1]