Core Insights - The report titled "Long-term Investment in Hong Kong: Development and Opportunities under the Digital Economy" emphasizes the importance of adopting cutting-edge technologies to drive innovation in products and services, enhance cost efficiency, and optimize product distribution for long-term investment and financial planning [1][2] Group 1: Investment Landscape - The research indicates that while Hong Kong residents possess a solid foundation in financial literacy, there is a need for deeper understanding of specific financial products, particularly those related to long-term investment and financial planning [1] - Currently, the market offers a variety of diversified and globally competitive wealth accumulation products, yet 67% of surveyed institutions believe there is a need for more products with wealth extraction features to meet client demands for long-term financial planning [1] Group 2: Digital Adoption - The findings reflect a growing trend in digital adoption among respondents, with 72% of residents indicating they used digital financial services in the past year [1] - Approximately 70% of market participants reported that they are currently or planning to distribute long-term financial products through mobile and online platforms [1] Group 3: Industry Challenges and Opportunities - The report discusses how the industry can promote a healthy development of Hong Kong's long-term investment ecosystem, highlighting that the aging population trend makes long-term investment a pressing issue [2] - The research outcomes are intended to provide valuable references for market participants to address existing challenges and seize opportunities, thereby advancing the long-term investment ecosystem in Hong Kong towards a more comprehensive and healthier direction [2]