PANews reported on February 25 that Hong Kong Financial Secretary Paul Chan Mo-po stated that following the signing of a cooperation agreement with the Shanghai Gold Exchange earlier this year and the establishment of the Hong Kong Gold Central Clearing System, we will: study providing tax incentives for qualified institutions conducting gold trading and settlement in Hong Kong; assist the industry in establishing an industry association to pool resources, strengthen promotion, and expand connections with the industry at home and abroad; and assist the industry in understanding the latest developments in the gold market and mastering relevant skills, and establish a training framework.

Paul Chan also stated that, in order to continuously optimize the securities market, attract issuers, and improve market efficiency, the Hong Kong Stock Exchange will advance the following work: in the first quarter, it will consult the market on revising the listing requirements for companies with weighted voting rights, facilitating secondary listings for overseas issuers, optimizing the initial public offering process, and providing more flexibility for biotechnology and specialty technology companies applying for listing; in the first half of the year, it will implement and improve the listing framework for structured products and consult the market on the specific implementation plan for promoting the "T+1" settlement cycle; reform the trading unit per lot in the securities market, and, together with the Hong Kong Securities and Futures Commission and the industry, launch a paperless securities market system within the year.