According to the Wisdom Financial App, on September 20th, Hong Kong Financial Secretary Paul Chan Mo-po said in his speech at the 27th Beijing-Hong Kong Economic Cooperation Symposium and Hong Kong Investment Promotion Conference that it is important to strengthen financial cooperation to better support the development of innovation and technology. Hong Kong is actively building a vibrant ecosystem for "patient capital". Hong Kong Investment Management Limited, established at the end of 2022, is positioned as "patient capital" and invests in strategic enterprises and projects that are significant to Hong Kong, including hard technology, biotechnology, artificial intelligence, and new energy, with the aim of leveraging the power of capital to guide long-term capital investment from the private market to related industries, accelerating the development of its ecosystem.

As an international financial center, Hong Kong has a full range of funding markets, including banks, private equity funds, venture capital funds, internationalized and extensive stock and bond markets, which can provide strong financial support for technology companies. Hong Kong and the mainland have interconnected markets for stocks, bonds, mutual funds, and even derivative instruments, allowing mainland companies to access both domestic and international funding through Hong Kong.

According to reports, Hong Kong's new stock market has faced some challenges this year, but with strong support from the country, the amount of funds raised through new listings has exceeded 6.5 billion US dollars, ranking fourth globally. As leading mainland companies continue to list in Hong Kong with the support of the China Securities Regulatory Commission and as Europe and the United States enter a period of lower interest rates, it is expected that Hong Kong's new stock market will rebound in the remaining time this year. As for follow-up financing in the market, the performance is even more impressive, with over 20 billion US dollars raised as of early September.

Meanwhile, Paul Chan Mo-po pointed out the importance of strengthening cooperation in technology innovation and the digital economy. Beijing is playing a leading role in technology innovation and pushing forward the construction of the "Three Cities and One Area" with high standards. It is accelerating the development of an international center for technology innovation, with highlights in areas such as artificial intelligence, innovative drugs and medical instruments, and new energy vehicle manufacturing. There is great potential for cooperation between Beijing and Hong Kong in technology innovation cooperation and the development of new productive forces.