Official confirmation: Hong Kong is in discussions with mainland regulatory authorities to open up participation for mainland investors in Hong Kong IPO plans and increase investment quotas for Hong Kong stocks. This includes plans to lower registration thresholds, raise investment quotas, expand investable products, and broaden cross-border investment channels for the Shanghai STAR Market. Although there was a recent large-scale crackdown on U.S. and Hong Kong stock trading, investments through official channels are still being encouraged.