Group 1: Paradigm Shift and Global Positioning - Hong Kong is at a critical point of "paradigm shift," needing to actively engage with global opportunities and challenges [1] - The Financial Services Development Council (FSDC) aims to lead in capital connectivity, green transformation, and digital revolution, providing an indispensable "super value layer" to the global financial system [1] Group 2: Expansion into Emerging Markets - Hong Kong will launch the world's largest Gulf market ETF in October 2024, with the first ETF investing in Chinese Hong Kong stocks listed on the Saudi exchange raising over 10 billion HKD [2] - The China Securities Regulatory Commission has introduced measures to support Hong Kong's capital market, expanding the range of eligible products for "ETF Connect" and reducing the minimum shareholding requirement for Hong Kong-listed stocks [2] - New leveraged and inverse products tracking Samsung Electronics were launched, allowing investors to capture short-term volatility in the Korean market [2] Group 3: Green and Hybrid Finance - Hong Kong has over a thousand family offices, making it the most densely populated network globally, driving demand for hybrid finance and impact investing [3] - The city is actively developing an "overseas carbon credit hub" backed by the booming carbon market in mainland China [3] Group 4: Digital Asset Development - The Hong Kong government is committed to becoming a global innovation center for digital assets, with a regulatory framework for stablecoins set to launch on August 1 [4] - The FSDC emphasizes that stablecoins should not be treated as short-term speculative assets, highlighting the importance of a long-term perspective in digital asset markets [4] Group 5: Offshore Asset Center and Economic Resilience - Hong Kong can leverage the weakening US dollar to enhance its risk management functions for RMB and other currencies, attracting global capital [5] - Despite short-term pressures on sectors like dining and retail, Hong Kong's diverse economic structure, led by finance, continues to show growth in IPOs, insurance, banking, and asset management [5]