Group 1 - The core focus of the Hong Kong Securities and Futures Commission (SFC) this year is to develop the fixed income and money markets, with a particular emphasis on the Renminbi fixed income market [1] - The SFC aims to increase the issuance of primary market fixed income products and enhance the supply of Renminbi products, collaborating with mainland regulatory bodies to include Renminbi stock trading counters in the Stock Connect [1] - There is an expectation for the quick launch of government bond futures, with ongoing cooperation with mainland regulators to finalize preparations for establishing an offshore government bond repurchase market [1] Group 2 - The SFC is also focused on establishing and optimizing the infrastructure for offshore Renminbi products, including front-end trading systems and back-end support systems [2] - These systems are intended to enhance the robustness of Hong Kong's financial system, providing an efficient and transparent platform for offshore Renminbi asset trading and financing [2]