The paperless nature of the Hong Kong stock market has ushered in significant progress. On October 12, the Hong Kong Securities Regulatory Commission issued a document stating that the paperless securities market system will come into effect on November 16, approving six companies, including Baldwin Securities Registration Co., Ltd., Hong Kong Central Securities Registration Co., Ltd., Hong Kong Manager's Secretary Limited, Zhuojia Securities Registration Co., Ltd., and United Securities Registration Co., Ltd. to provide securities registration services as approved securities registration agencies.

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