香港财政司司长陈茂波说，随着环球投资者对以人民币计价产品的需求日趋殷切，香港作为全球离岸人 民币业务枢纽和风险管理中心的角色越见重要。在国家的坚实支持下，香港特区政府致力深化和扩大香 港与内地金融市场的互联互通，不断丰富人民币计价投资产品和风险管理工具，以满足海内外投资者的 需要。人民银行今日公布的一系列措施，从支持境外机构投资者在内地债券市场开展回购业务、扩充和 优化互换通机制及提高其交易额度、支持香港市场提供更多离岸人民币资产，到加快推进人民币国债期 货在港上市，都对香港政府的工作提供了有力支撑，进一步促进两地固定收益市场的协同发展。香港政 府衷心感谢中央人民政府和相关部委对香港的厚爱和支持，并会继续全力以赴，为国家的金融强国建设 贡献更大力量。 智通财经APP获悉，9月25日，中国人民银行宣布支持进一步深化内地与香港金融市场的互联互通，包 括支持各类境外机构投资者在内地债券市场开展回购业务、扩充互换通报价商队伍和优化管理机制、提 升北向交易每日额度超过一倍至450亿元人民币、会同相关部门在香港市场提供更多包括国债等的人民 币资产，以及继续与各方密切沟通协作，加快落实人民币国债期货在港上市。对此，香港特别 ...

Group 1: Financial Policies in Shanghai - The People's Bank of China announced 8 financial policy measures to be implemented in Shanghai, including the establishment of an interbank market trading report database and a digital RMB international operation center [1] - The policies aim to support offshore trade, enhance cross-border trade and investment facilitation, and promote structural monetary policy innovation [1] - The National Financial Regulatory Administration and Shanghai government jointly released an action plan to support the construction of Shanghai as an international financial center, focusing on risk management and legal construction in finance [1] Group 2: Reforms in the Sci-Tech Innovation Board - The China Securities Regulatory Commission (CSRC) announced the establishment of a Sci-Tech Growth Tier on the Sci-Tech Innovation Board, allowing unprofitable companies to apply for listing under the fifth set of standards [2] - Six reform measures were introduced, including the introduction of professional institutional investors and a pre-review mechanism for IPOs of quality tech companies [2] - The CSRC emphasized the protection of small and medium investors' rights, requiring companies to disclose reasons for unprofitability and associated risks [2] Group 3: Supportive Policies from the State Administration of Foreign Exchange - The State Administration of Foreign Exchange introduced multiple supportive policies to stabilize employment, enterprises, and market expectations, encouraging banks to include more trade entities in facilitation policies [3] - Policies aim to enhance cross-border investment and financing convenience, including support for research institutions to attract foreign investment and streamline capital project management [3] - A new batch of Qualified Domestic Institutional Investor (QDII) investment quotas will be issued to meet the reasonable overseas investment needs of domestic entities [3]

Group 1 - The 2025 Caixin Summer Summit in Hong Kong focuses on economic development, regional cooperation, and technological innovation, with participation from global leaders and experts [1] - Hong Kong's Financial Secretary emphasizes the importance of offshore RMB center development, increasing RMB liquidity, and creating RMB-denominated investment products [1] - The Hong Kong Securities and Futures Commission aims to attract companies to list in Hong Kong and enhance market efficiency while deepening integration with mainland markets [2] Group 2 - HSBC's Asia and Middle East CEO highlights the need for Hong Kong to support mainland economic development through increased RMB trade financing and optimizing cross-border financial systems [3] - The Chief Economist of Bank of China Hong Kong suggests enhancing capital market functions to support innovation and improve cross-border financial services for the Greater Bay Area [3] - The New Development Bank's executive emphasizes Hong Kong's role in trade financing and cross-border investment, advocating for high-quality financial products in Asia [4] Group 3 - The investment firm believes that China will continue to be the growth engine for Asia, and there are opportunities for Chinese companies to expand globally [4]

Group 1 - The core viewpoint emphasizes the combination of stability and change in Hong Kong's positioning amidst global shifts, highlighting its advantages under "One Country, Two Systems" [1] - Hong Kong is recognized as an open, diverse, and inclusive international metropolis, which is increasingly significant in the current chaotic world [1] - The government aims to leverage the depth and breadth of the stock market to support the development of the real economy, particularly in innovation and technology sectors [1] Group 2 - Hong Kong has introduced regulatory frameworks for digital asset trading and stablecoins, aiming to enhance financial innovation and support the real economy [2] - The city is projected to become the world's largest cross-border asset and wealth management center by 2027, indicating significant growth potential in this sector [2] - Hong Kong is positioned to provide high-value services in supply chain management, modern logistics, trade financing, and professional consulting as mainland enterprises expand globally [2] Group 3 - The focus on artificial intelligence and biotechnology is highlighted as key areas where Hong Kong can leverage its strengths, including a robust capital market and high-end talent [2] - The importance of consolidating traditional markets while also exploring emerging markets such as ASEAN and the Middle East is emphasized [3] - Since the end of 2022, Hong Kong has attracted over 210,000 talents, showcasing its appeal as a stable and international environment for high-end professionals [3]

Core Viewpoint - International funds are increasingly viewing Hong Kong as a safe haven due to waning confidence in US dollar bonds, leading to a decrease in overnight interbank lending rates and a stable peg of the Hong Kong dollar to the US dollar [1] Group 1: Economic Trends - The global south now accounts for 40% of global GDP and contributes 80% to world economic growth, with mechanisms like the Belt and Road Initiative and BRICS promoting mutual cooperation [1] - Geopolitical shifts are leading to a fragmentation of capital, technology, and talent flows, as well as a regionalization of supply chains and trade systems [1][2] Group 2: Technological and Green Transformation - The competition between the US's high-investment, high-energy model and China's efficient innovation model, represented by DeepSeek, is expected to intensify [2] - The global demand for green transformation funding is projected to be substantial, fostering the development of green technology products and solutions [2] Group 3: Hong Kong's Positioning - Hong Kong's advantages under "One Country, Two Systems" include its status as a free port, common law system, and a currency with a fixed exchange rate, which are increasingly relevant in the current global context [2] - The city aims to enhance its traditional industries while exploring new sectors, particularly in finance, trade, and innovation technology [3] Group 4: Financial Sector Developments - Recent financial data indicates growing confidence from international investors in Hong Kong's capital markets, with efforts to attract more mainland enterprises for fundraising [3] - Hong Kong is actively developing its offshore RMB center to increase liquidity and create more RMB-denominated investment products [3][4] Group 5: Innovation and Talent - Hong Kong is investing heavily in innovation, particularly in AI and biotechnology, and is fostering collaboration across the Greater Bay Area [5] - The city has attracted over 210,000 talents since the end of 2022, enhancing its appeal as a hub for high-end talent [5]