[Hong Kong Financial Secretary Paul Chan: Hong Kong Becomes a Safe Haven for Capital, Multiple International Institutions Plan to Expand Workforce] According to a report by Jinse Finance, Paul Chan, the Financial Secretary of the Hong Kong Special Administrative Region Government, stated in a blog post that, influenced by geopolitical developments, global investors are reassessing the risks of their asset portfolios, adjusting investment strategies, and diversifying risks. Hong Kong has become a safe haven for capital. Following a 7% increase in total bank deposits in Hong Kong last year, this year has seen a further rise of over 10%, exceeding HK$19 trillion. Hong Kong leads the world in IPO fundraising activities, its wealth management industry is thriving, and financial cooperation with various regions around the globe continues to deepen. These factors reflect the favor international capital shows toward the Hong Kong market. Several major IPOs this year have also attracted cornerstone investors from the West and even the Middle East. Recently, many international financial leaders attending conferences in Hong Kong have expressed that their institutions are planning to expand their workforce and scale in Hong Kong.