[Paul Chan: Bond Electronic Trading Platform to Launch in the Second Half of the Year] Financial Secretary Paul Chan stated in the '2026 Budget' that, to optimize the business environment and facilitate corporate internal restructuring, he proposes relaxing the stamp duty exemption criteria for intra-group asset transfers to expand the scope of eligible associated corporate groups. The Hong Kong government will submit amendment bills within the year, and the proposed measures will apply to documents signed starting today. Regarding enhancing Hong Kong's role as a major base for corporate treasury centers, Paul Chan mentioned that a series of optimization measures will be announced mid-year, including providing additional tax incentives and flexibility for corporate treasury centers and their associated companies, as well as introducing a pre-approval mechanism. Additionally, following the implementation of the company re-domiciliation regime last year, Paul Chan noted that the Companies Registry has approved 22 cases so far and is currently processing approximately 20 applications. The Hong Kong government will strengthen external promotion efforts to attract more enterprises to establish a presence in Hong Kong.