[Hong Kong's first five-year plan: Promote more mainland institutions to invest in the Hong Kong bond market and expand the channels and business volume of "Stock Connect", "Bond Connect", "Wealth Management Connect", and "Private Equity Connect"] On September 16, Hong Kong SAR Chief Executive Lee Ka-chiu announced the "First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)" (referred to as the "Plan") and the "Chief Executive's 2026 Policy Address". The "Plan" mentions the need to optimize the international bond market. Collaboratively promote primary market issuance, improve secondary market liquidity, expand offshore RMB business, and build fixed income and monetary infrastructure. Improve "Bond Connect" (Southbound Connect) and continue to promote the optimization and expansion of Southbound Connect in terms of investment scale, investor scope, products, trading arrangements, etc. Promote more mainland institutions to invest in the Hong Kong bond market and expand the channels and business volume of "Stock Connect", "Bond Connect", "Wealth Management Connect" and "Private Equity Connect".