[Hong Kong Financial Secretary Paul Chan: Hong Kong becomes a safe haven for capital, multiple international institutions plan to expand their workforce] According to Jin10 reports, Hong Kong SAR Government Financial Secretary Paul Chan stated in a blog post that due to geopolitical developments, global investors are reassessing the risks of their asset portfolios, adjusting investment strategies, and diversifying risks, making Hong Kong a safe haven for capital. The total bank deposits in Hong Kong increased by 7% last year and have further risen by over 10% this year to exceed HK$19 trillion. Hong Kong leads the world in IPO fundraising activities, its wealth management industry is thriving, and financial cooperation with various regions globally continues to deepen, all of which reflect international capital favoring the Hong Kong market. Several major IPOs this year have 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.