Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, said on the 6th that Hong Kong stocks rose by 18% last year, and the momentum will continue to be positive towards 2025. The number of cases applying for IPOs in Hong Kong is rapidly increasing, with fundraising in the first half of the year exceeding HK$107 billion, an increase of about 22% compared to the full year of last year, temporarily ranking first in the world. Chan said that during the recent rise in Hong Kong stocks, funds mainly favored technology stocks, driving a significant increase in trading of derivative products related to technology stocks. "Exchange Traded Products" (ETPs) linked to different types of assets have become a strong force supporting the liquidity of Hong Kong stocks in recent years, effectively playing a role in buffering liquidity during market fluctuations.