Group 1 - The Chief Executive of Hong Kong, John Lee, presented the 2025 Policy Address, which includes measures aimed at enhancing Hong Kong's financial and capital markets [1] - The Hong Kong Securities and Futures Commission (SFC) believes that the proposals to strengthen the stock market and optimize the listing system will reinforce Hong Kong's position as a preferred global listing venue [1] - Suggestions to include Renminbi counters and Real Estate Investment Trusts (REITs) in the Stock Connect program are expected to deepen the connection between Hong Kong and mainland markets [1] Group 2 - The SFC anticipates that expanding the types of digital asset products and services available to professional investors will promote the development of Hong Kong's digital asset ecosystem [1] - A key focus of the Policy Address is to further develop the fixed income and money markets through measures such as promoting bond issuance and establishing a commercial repurchase market [1] - The SFC views these measures as a strong boost for the diversification of Hong Kong's market and an enhancement of its attractiveness to global investors [1] Group 3 - The Chairman of the SFC, Tim Lui, emphasized the commitment to consolidating Hong Kong's traditional advantages in financing and connectivity while pursuing innovation and diversification [2] - The Hong Kong Stock Exchange (HKEX) Chairman, Charles Li, noted that the Policy Address includes multiple initiatives covering both primary and secondary markets, as well as cross-asset categories, which will aid in the sustainable development of Hong Kong as an international financial center [2] - The initiatives outlined in the Policy Address are expected to further broaden Hong Kong's financial ecosystem [2]