On July 7, Pan Gongsheng, Governor of the People's Bank of China, stated at the "Hong Kong Fixed Income and Currency Summit and Bond Connect Forum" that the People's Bank of China will work with the Hong Kong Special Administrative Region government and financial regulatory authorities to focus on four key areas to continue building, consolidating, and developing Hong Kong as an international financial center. One of these areas is to firmly maintain financial stability and security in Hong Kong. Pan emphasized that financial security is the cornerstone of Hong Kong's long-term prosperity and development as an international financial center. Over the years, with strong support from the country, Hong Kong has successfully navigated the challenges of the Asian financial crisis in the late 1990s and the global financial crisis in 2008, accumulating rich experience in preventing and mitigating external shock risks. Pan noted that China's economic and financial strength is currently even more robust, with foreign exchange reserves ranking first in the world. The central bank will continue to provide full support and guarantees for Hong Kong's deepening financial reform and development, as well as maintaining financial stability and security.