[Hong Kong Financial Secretary Paul Chan Mo-po: The Fed cut interest rates by 50 basis points, and the overall environment has gradually turned relatively favorable] Golden Finance reported that Hong Kong Financial Secretary Paul Chan Mo-po released his essay, which pointed out that the Fed cut interest rates by 50 basis points last week, which was the first interest rate cut in more than four years. In addition, many major central banks in the world also cut interest rates earlier, which strengthened the financial market's expectations of a gradual decline in global interest rates. The loose financial environment is also beneficial to the asset market atmosphere and the business environment of industry and commerce. Although under the linked exchange rate system, it can be expected that the future trend of Hong Kong's interest rates will be roughly the same as that of the US interest rate, the speed and magnitude of the reduction will depend on the local capital flow and market conditions. In the context of the overall environment gradually turning relatively favorable, it is even more necessary to further increase efforts to promote the Hong Kong market and open up broader and more diversified sources of funds for the Hong Kong market when investment risk appetite gradually recovers and investors pursue higher returns. Following the listing of the first exchange-traded fund (ETF) tracking Saudi Arabian stocks in Asia Pacific in Hong Kong at the end of last year, the Saudi Capital Market Authority recently announced that it has approved the first ETF investing in Hong Kong stocks to be listed on the Saudi Stock Exchange, making it easier for local and even Middle Eastern funds to directly invest in Hong Kong-listed stocks. Hong Kong will continue to strengthen its promotion and promote more cooperation in traditional and emerging markets. It is believed that when interest rates fall, it will be able to better leverage funds from different markets and inject new impetus into Hong Kong's capital market.