On July 7, Pan Gongsheng, the governor of the central bank, stated at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum that the deepening of financial market connectivity supports the prosperity and development of Hong Kong's capital market. Pan emphasized that the capital market is the core and foundation of Hong Kong as an international financial center. In recent years, a large number of high-quality mainland enterprises have been listed in Hong Kong, sharing the development dividends of the Chinese economy. He will continue to support more high-quality enterprises to list and issue bonds in Hong Kong, continuously optimizing and expanding the connectivity between the mainland and Hong Kong in areas such as stocks, bonds, wealth management, and interest rate swaps, and deepening financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area. The scale and scope of the Bond Connect southbound trading will be expanded, increasing the annual net investment quota from the current 500 billion yuan to 800 billion yuan, including southbound bonds in the scope of repurchase support, and extending the product range to Hong Kong dollar bonds and related products of renminbi bonds, also reaching out to the bond market in Macao. In the future, the national foreign exchange reserves will continue to increase the asset allocation ratio in Hong Kong, injecting more momentum into the development of Hong Kong's capital market.