The Hong Kong Securities Regulatory Commission published the “Quarterly Report”, showing that Hong Kong's capital market experienced strong growth again in the second quarter due to fluctuations in the global market environment. The main highlights include breakthroughs in offshore products, continued capital inflows from Hong Kong Stock Connect, and continued strong initial public offering activities. In the second quarter, the Hong Kong Securities Regulatory Commission approved Hong Kong Exchanges and Clearing Limited to launch 5-year treasury bond futures. The product was listed for trading in early August. As the only offshore Chinese treasury bond futures product, the futures product attracted the participation of various investors in the market, further strengthened Hong Kong's role as a RMB asset risk management hub, and helped promote the internationalization of the RMB. Chairman of the Hong Kong Securities Regulatory Commission Wong Tin Yew said, “Hong Kong has a unique and critical mission in supporting the high-quality development and high level of openness in the mainland's financial market. In the future, Hong Kong will continue to deepen the links between the mainland and the global market. While building market resilience, Hong Kong will contribute more to the country's goal of building a financial power.”

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