According to Odaily Planet Daily, the Hong Kong Securities and Futures Commission announced that it will launch a new online application and submission system called e-IP on July 29, which is designed specifically for investment products managed by the Investment Products Department. e-IP is developed based on the existing WINGS electronic service platform. It is a one-stop online platform designed for e-IP users to submit new product approval applications and applications or submit information and documents after approval/registration, track application progress, organize investment product information files, and settle related fees. After the new system is launched, the industry can submit new product approval applications and applications or submit information and documents after approval/registration through e-IP. The existing application and regulatory document submission channels will run in parallel with e-IP for three months until October 29, 2024, so that market participants can become familiar with the new system.