IN 2007, COINCIDING WITH THE 10TH ANNIVERSARY OF HONG KONG'S RETURN TO THE MOTHERLAND, THE LITERARY GIANT MR. JIN YONG WROTE THE "HONG KONG ODE" WITH HIS INK, WHICH WAS PUBLISHED IN THE "GUANGMING DAILY". HIS VISION OF HONG KONG'S FUTURE IS "THE BEAUTIFUL BAUHINIA FLOWERS, THE PROUD HONG KONG RIVERNOW, ON THE OCCASION OF THE 25TH ANNIVERSARY OF HONG KONG'S RETURN, THE "2022 PHOENIX FINANCE (SUMMER) CLOUD SUMMIT" HOSTED BY PHOENIX NET AND ORGANIZED BY PHOENIX NET FINANCE WAS HELD FROM JUNE 16TH TO 18TH. THE SUMMIT, WITH THE THEME OF "TOMORROW'S WORLD", INVITED NEARLY 60 TOP GUESTS FROM THE POLITICAL AND BUSINESS CIRCLES AT HOME AND ABROAD TO INTERPRET THE WORLD AND CHINA'S ECONOMIC GROWTH PATH UNDER THE GREAT CHANGES.HONG KONG CHIEF EXECUTIVE CARRIE LAM ATTENDED THE SUMMIT AND DELIVERED THE OPENING SPEECH. CARRIE LAM CHENG YUET NGOR STATED THAT THIS YEAR MARKS AN IMPORTANT MILESTONE IN THE 25TH ANNIVERSARY OF THE ESTABLISHMENT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION. "DESPITE THE INCREASING COMPLEXITY OF GEOPOLITICS AND THE CHALLENGES FACING THE GLOBAL ECONOMY, I AM CONFIDENT IN THE FUTURE DEVELOPMENT OF OUR COUNTRY AND HONG KONGLOADED: 100.00%PICTURE-IN-PICTUREREPLAYCURRENT TIME 0:22/DURATION 0:22FULLSCREENUNMUTEDEAR, THE PLAYBACK HAS ENDEDTO REPLAYAUTO PLAYCARRIE LAM CHENG YUET NGOR STATED THAT WITH STRONG SUPPORT FROM THE CENTRAL GOVERNMENT, THE TWO MAJOR MEASURES OF THE HONG KONG NATIONAL SECURITY LAW AND THE IMPROVEMENT OF THE ELECTORAL SYSTEM HAVE BEEN SUCCESSFULLY IMPLEMENTED, ENSURING THE STABLE AND FAR-REACHING IMPLEMENTATION OF "ONE COUNTRY, TWO SYSTEMS" AND EMBARKING ON A NEW JOURNEY OF HONG KONG'S GOVERNANCE AND DEVELOPMENT. IN THE "WORLD OF TOMORROW", THE STATE WILL CONTINUE TO LEAD THE CHINESE PEOPLE TO ACHIEVE THE SECOND CENTURY GOAL AND REALIZE THE GREAT REJUVENATION OF THE CHINESE NATION. AT THE NEW STARTING POINT OF RETURNING TO THE CORRECT TRACK OF "ONE COUNTRY, TWO SYSTEMS", HONG KONG WILL CERTAINLY CONTINUE TO LEVERAGE ITS UNIQUE ADVANTAGES, MAINTAIN LONG-TERM PROSPERITY AND STABILITY, AND MAKE ITS DUE CONTRIBUTIONS TO THE HIGH-QUALITY DEVELOPMENT OF THE MOTHERLAND.LIN ZHENG YUE'E MENTIONED THAT EVEN IN THE FACE OF THE CHALLENGE OF THE COVID-19, HONG KONG'S FINANCIAL SYSTEM REMAINS STABLE AND BUSINESS IS STILL BOOMING. THE LINKED EXCHANGE RATE SYSTEM OPERATES WELL, WITH HONG KONG'S FOREIGN EXCHANGE RESERVES EXCEEDING HKD 3.7 TRILLION BY THE END OF MARCH 2022, APPROXIMATELY 1.8 TIMES THE MONETARY BASE, EFFECTIVELY MAINTAINING CURRENCY STABILITY AND MARKET CONFIDENCE. THE BANKING SYSTEM REMAINS STABLE, WITH TOTAL DEPOSITS INCREASING BY 4.6% YEAR-ON-YEAR IN 2021 AND 0.8% IN THE FIRST FOUR MONTHS OF THIS YEAR. THE LIQUIDITY COVERAGE RATIO AND CAPITAL ADEQUACY RATIO OF MAJOR BANKS ARE FAR HIGHER THAN INTERNATIONAL REGULATORY STANDARDS; OTHER LINKS IN THE FINANCIAL SERVICES INDUSTRY, SUCH AS THE SECURITIES AND INSURANCE MARKETS, OPERATE IN AN ORDERLY MANNER. THE STOCK MARKET IS THRIVING, WITH DAILY AVERAGE TRANSACTIONS EXCEEDING HKD 160 BILLION LAST YEAR.CARRIE LAM ALSO REVEALED IN HER SPEECH THAT THIS YEAR, THE SAR GOVERNMENT AND VARIOUS SECTORS OF SOCIETY WILL HOLD A SERIES OF CELEBRATION ACTIVITIES WITH THE THEME OF "FORGE AHEAD FOR 25 YEARS AND JOIN HANDS TO EMBARK ON A NEW JOURNEY". I TAKE THIS OPPORTUNITY TO SINCERELY INVITE EVERYONE TO ACTIVELY PARTICIPATEAT THE END OF HER SPEECH, CARRIE LAM EXPRESSED HER BEST WISHES FOR THE CLOUD SUMMIT AND SAID, "I WISH PHOENIX TV AND PHOENIX NETWORK CONTINUED SUCCESS, EVERYONE PRESENT GOOD HEALTH AND GREAT CAREERATTACHED IS THE FULL TEXT OF CARRIE LAM'S SPEECH AT THE 2022 PHOENIX FINANCE (SUMMER) CLOUD SUMMIT:DEAR GUESTS AND FRIENDSHELLO EVERYONE! I AM DELIGHTED TO ONCE AGAIN PARTICIPATE IN THE PHOENIX NETWORK (SUMMER) FINANCIAL CLOUD SUMMIT AND COMMUNICATE WITH LEADERS IN THE POLITICAL, BUSINESS, AND ACADEMIC CIRCLES THROUGH VIDEO.THIS YEAR MARKS AN IMPORTANT MILESTONE IN THE 25TH ANNIVERSARY OF THE ESTABLISHMENT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION. THE SAR GOVERNMENT AND VARIOUS SECTORS OF SOCIETY HAVE ORGANIZED A SERIES OF CELEBRATION ACTIVITIES UNDER THE THEME OF "FORGE AHEAD FOR 25 YEARS, JOIN HANDS AND EMBARK ON A NEW JOURNEY". I TAKE THIS OPPORTUNITY TO INVITE EVERYONE TO ACTIVELY PARTICIPATE.WITH STRONG SUPPORT FROM THE CENTRAL GOVERNMENT, THE TWO MAJOR MEASURES OF THE HONG KONG NATIONAL SECURITY LAW AND THE IMPROVEMENT OF THE ELECTORAL SYSTEM HAVE BEEN SUCCESSFULLY IMPLEMENTED, ENSURING THE STABLE AND FAR-REACHING IMPLEMENTATION OF THE "ONE COUNTRY, TWO SYSTEMS" POLICY AND EMBARKING ON A NEW JOURNEY OF HONG KONG'S GOVERNANCE AND DEVELOPMENT. TO ALIGN WITH THE THEME OF THE SUMMIT, TODAY I WOULD LIKE TO SHARE WITH YOU HOW HONG KONG CAN CONSOLIDATE ITS POSITION AS AN INTERNATIONAL FINANCIAL CENTER, GRASP THE "WORLD OF TOMORROW", CONTRIBUTE TO THE COUNTRY'S ECONOMIC DEVELOPMENT AND OPENING-UP, AND ENHANCE HONG KONG'S COMPETITIVENESS UNDER THE DEVELOPMENT PATTERN OF MUTUAL PROMOTION OF DOMESTIC AND INTERNATIONAL CIRCULATIONS.IN ORDER TO CONSOLIDATE AND ENHANCE THE ADVANTAGES OF HONG KONG'S FINANCIAL INDUSTRY, THE CURRENT SAR GOVERNMENT HAS SPARED NO EFFORT AND INTRODUCED MULTIPLE MEASURES IN FIVE MAJOR AREAS, ACHIEVING ENCOURAGING RESULTS.FIRSTLY, HONG KONG HAS ALWAYS BEEN AN IDEAL LISTING PLATFORM FOR COMPANIES FROM AROUND THE WORLD AND MAINLAND CHINA, PROVIDING RELIABLE AND DIVERSIFIED FINANCING SERVICES. IN ORDER TO ENHANCE HONG KONG'S COMPETITIVENESS AS AN INTERNATIONAL ***** LISTING PLATFORM, WE HAVE BEEN CONTINUOUSLY OPTIMIZING OUR LISTING MECHANISM. SINCE THE INTRODUCTION OF THE LISTING SYSTEM FOR EMERGING AND INNOVATIVE INDUSTRY COMPANIES IN 2018, OVER 70 COMPANIES HAVE FOLLOWED THE NEW SYSTEM TO GO PUBLIC, RAISING A TOTAL OF OVER HKD 580 BILLION IN INITIAL PUBLIC OFFERINGS. HONG KONG HAS BECOME THE SECOND LARGEST BIOTECHNOLOGY FINANCING CENTER IN ASIA AND THE WORLD. THE HONG KONG STOCK EXCHANGE FURTHER OPTIMIZED THE SYSTEM FOR OVERSEAS ISSUERS TO LIST IN HONG KONG IN JANUARY THIS YEAR, INCLUDING ALLOWING TRADITIONAL INDUSTRY GREATER CHINA COMPANIES WITHOUT DIFFERENT VOTING STRUCTURES TO LIST IN HONG KONG FOR A SECOND TIME, AND GIVING GREATER FLEXIBILITY TO ISSUERS WITH DUAL PRIMARY LISTINGS TO HELP ATTRACT MORE MAINLAND ENTERPRISES RETURNING FROM OVERSEAS. AT THE SAME TIME, THE HONG KONG STOCK EXCHANGE HAS LAUNCHED A LISTING SYSTEM FOR SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS), INTRODUCING A NEW LISTING CHANNEL FOR EMERGING COMPANIES WITH POTENTIAL.SECONDLY, UNDER THE "ONE COUNTRY, TWO SYSTEMS" POLICY, HONG KONG'S FINANCIAL MARKET HAS A UNIQUE ADVANTAGE IN CONNECTING WITH THE MAINLAND AND THE INTERNATIONAL COMMUNITY, PROVIDING INTERNATIONAL INVESTORS WITH OPPORTUNITIES TO INVEST IN THE MAINLAND WHILE FACILITATING THE ALLOCATION OF OFFSHORE ASSETS THROUGH THE HONG KONG CAPITAL MARKET. LAST YEAR, WE MADE A LOT OF PROGRESS IN STRENGTHENING CONNECTIVITY, INCLUDING THE LAUNCH OF THE "GUANGDONG HONG KONG MACAO GREATER BAY AREA CROSS BORDER FINANCIAL LINK", THE OPENING OF THE "SOUTH LINK" BOND CONNECT, AND THE LAUNCH OF A-SHARE INDEX FUTURES CONTRACTS. IN ADDITION, THE MAINLAND AND HONG KONG STOCK EXCHANGES REACHED A CONSENSUS AT THE END OF LAST YEAR TO INCLUDE EXCHANGE TRADED FUNDS (ETFS) IN THE OVERALL PLAN FOR INTERCONNECTIVITY. THE REGULATORY AUTHORITIES OF THE TWO PLACES ALSO ANNOUNCED IN MAY THAT THEY AGREED IN PRINCIPLE TO INCLUDE ELIGIBLE ETFS IN INTERCONNECTIVITY. WE WILL EXPEDITE THE IMPLEMENTATION OF RELEVANT TECHNICAL PREPARATIONS AND STRIVE TO OPEN THE TRANSACTION AS SOON AS POSSIBLE. WE WILL CONTINUE TO DEEPEN AND EXPAND THE CONNECTIVITY BETWEEN THE FINANCIAL MARKETS OF MAINLAND CHINA AND HONG KONG AND MACAO, AND FURTHER STRENGTHEN HONG KONG'S ROLE AS A BRIDGE CONNECTING DOMESTIC AND INTERNATIONAL FINANCIAL MARKETS.THIRDLY, HONG KONG IS A GLOBAL HUB FOR OFFSHORE RMB BUSINESS AND CAN CONTRIBUTE TO THE DEVELOPMENT OF OFFSHORE RMB PRODUCTS AND THE INTERNATIONALIZATION OF RMB. LAST OCTOBER, THE SHENZHEN MUNICIPAL GOVERNMENT ISSUED 5 BILLION YUAN OFFSHORE RMB LOCAL GOVERNMENT BONDS IN HONG KONG AND LISTED THEM ON THE HONG KONG STOCK EXCHANGE, MARKING THE FIRST TIME A MAINLAND MUNICIPAL GOVERNMENT HAS ISSUED BONDS OVERSEAS, PROVING HONG KONG'S ADVANTAGE AS A PLATFORM FOR ISSUING RMB BONDS, INCLUDING GREEN BONDS. IN ADDITION, IN ORDER TO INCREASE THE DEMAND FOR ISSUING AND TRADING RMB SECURITIES IN THE MARKET, THE SECURITIES AND FUTURES COMMISSION, THE HONG KONG STOCK EXCHANGE, AND THE HONG KONG MONETARY AUTHORITY HAVE ESTABLISHED A WORKING GROUP TO CONDUCT A FEASIBILITY STUDY ON ALLOWING STOCKS TRADED SOUTHWARDS THROUGH THE HONG KONG STOCK CONNECT TO BE PRICED IN RMB, AND HAVE PUT FORWARD DETAILED RECOMMENDATIONS. THE WORKING GROUP HAS STARTED RELEVANT PREPARATORY WORK AND CONSULTED WITH MAINLAND REGULATORY AUTHORITIES AND RELEVANT INSTITUTIONS. IN THE IMPLEMENTATION PROCESS, THE SAR GOVERNMENT WILL PROVIDE RELEVANT SUPPORTING MEASURES, SUCH AS WAIVING STAMP DUTY ON STOCK TRANSACTIONS BY MARKET MAKERS, TO INCREASE THE CIRCULATION OF RMB DENOMINATED STOCKS. THE SAR GOVERNMENT HAS ALSO JUST AMENDED ITS LEGISLATION TO FACILITATE THE MANDATORY PROVIDENT FUND TO INVEST IN THE BONDS OF THE CENTRAL PEOPLE'S GOVERNMENT, THE PEOPLE'S BANK OF CHINA AND THREE MAINLAND POLICY BANKS, WHICH WILL HELP CONSOLIDATE HONG KONG'S POSITION AS A GLOBAL OFFSHORE RMB BUSINESS CENTER.FOURTHLY, HONG KONG HAS ALWAYS BEEN A 'TREASURE TROVE', A PLACE WHERE FUNDS ACCUMULATE, WITH A MANAGED ASSET SIZE OF UP TO HKD 34.9 TRILLION. IN ORDER TO ENHANCE HONG KONG'S POSITION AS AN INTERNATIONAL ASSET AND WEALTH MANAGEMENT CENTER, THE CURRENT GOVERNMENT IS COMMITTED TO ATTRACTING FUNDS FROM AROUND THE WORLD TO INVEST IN PROJECTS IN HONG KONG AND MAINLAND CHINA, ENABLING FINANCIAL SERVICES TO SERVE THE REAL ECONOMY. POLICY MEASURES INCLUDE INTRODUCING NEW FUND STRUCTURES AND ESTABLISHING A MECHANISM FOR FOREIGN FUNDS TO RELOCATE TO HONG KONG; PROVIDE A MORE FAVORABLE TAX ENVIRONMENT FOR THE FUND INDUSTRY; PROMOTE LOCAL FAMILY OFFICE BUSINESS AND PROVIDE ONE-STOP SUPPORT SERVICES FOR FAMILY OFFICES INTERESTED IN OPERATING IN HONG KONG; AND PROMOTE THE DEVELOPMENT OF THE HONG KONG HOUSING PROVIDENT FUND MARKET, AND SUBSIDIZE THE LISTING OF HOUSING PROVIDENT FUNDS IN HONG KONG. WE ARE PREPARING TO PROVIDE TAX EXEMPTIONS FOR FAMILY OFFICES AND DISCUSSING WITH QIANHAI TO STRENGTHEN THE COMMON DEVELOPMENT AND INTERCONNECTION OF THE PRIVATE EQUITY FUND MARKETS IN THE TWO REGIONS.FIFTH, IN ORDER TO STRENGTHEN HONG KONG'S ROLE AS AN INTERNATIONAL RISK MANAGEMENT CENTER, THE CURRENT GOVERNMENT HAS IMPLEMENTED A SERIES OF MEASURES TO PROMOTE THE DEVELOPMENT OF THE INSURANCE INDUSTRY SINCE MARCH LAST YEAR, INCLUDING HALVING THE PROFITS TAX RATE FOR ELIGIBLE INSURANCE BUSINESSES SUCH AS MARITIME AND SPECIALTY INSURANCE; EXPAND THE UNDERWRITING RISK SCOPE OF EXCLUSIVE SELF INSURANCE COMPANIES ESTABLISHED IN HONG KONG; AND OPTIMIZE THE LEGAL FRAMEWORK FOR REGULATING INSURANCE GROUPS. WE ALSO LAUNCHED AN EXCLUSIVE REGULATORY SYSTEM FOR INSURANCE LINKED SECURITIES AND A PILOT FUNDING SCHEME LAST YEAR TO COMPLEMENT THE CENTRAL GOVERNMENT'S SUPPORT FOR MAINLAND INSURANCE COMPANIES TO ISSUE CATASTROPHE BONDS IN HONG KONG. IN ORDER TO PROMOTE INTERCONNECTIVITY IN THE INSURANCE MARKET, WE ARE STRIVING TO HAVE THE HONG KONG INSURANCE INDUSTRY ESTABLISH INSURANCE AFTER-SALES SERVICE CENTERS IN MAINLAND CITIES OF THE GUANGDONG HONG KONG MACAO GREATER BAY AREA, PROVIDING COMPREHENSIVE SUPPORT SUCH AS CONSULTATION, CLAIMS AND RENEWAL FOR RESIDENTS OF THE GREATER BAY AREA WHO HOLD HONG KONG POLICIES. WE ARE ALSO STRIVING TO IMPLEMENT THE "EQUIVALENT RECOGNITION" POLICY FOR CROSS-BORDER CAR INSURANCE AS SOON AS POSSIBLE, SO THAT RELEVANT HONG KONG VEHICLES ENTERING GUANGDONG PROVINCE THROUGH THE HONG KONG ZHUHAI MACAO BRIDGE CAN MORE CONVENIENTLY ARRANGE INSURANCE PROTECTION FOR MAINLAND DRIVING NEEDS.IN ADDITION TO CONSOLIDATING HONG KONG'S POSITION IN THE FIVE TRADITIONAL AREAS MENTIONED ABOVE, WE ARE ALSO ACTIVELY EXPLORING EMERGING FINANCIAL FIELDS SUCH AS GREEN FINANCE AND FINTECH. IN TERMS OF GREEN FINANCE, WE HAVE SUCCESSFULLY ISSUED A TOTAL OF NEARLY $10 BILLION WORTH OF GOVERNMENT GREEN BONDS SINCE MAY 2019, WHICH HAVE BEEN WELL RECEIVED BY INVESTORS. THE RELEVANT POLICY BUREAUS OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION GOVERNMENT AND FINANCIAL REGULATORY AGENCIES ESTABLISHED A CROSS INSTITUTIONAL SUPERVISION GROUP ON GREEN AND SUSTAINABLE FINANCE IN 2020 TO COORDINATE THE FINANCIAL INDUSTRY'S RESPONSE TO CLIMATE AND ENVIRONMENTAL RISKS, ACCELERATE THE DEVELOPMENT OF GREEN AND SUSTAINABLE FINANCE IN HONG KONG, AND COOPERATE WITH THE HONG KONG SPECIAL ADMINISTRATIVE REGION GOVERNMENT'S CLIMATE STRATEGY. WE WILL CONTINUE TO WORK TO PROMOTE HONG KONG AS A GREEN AND SUSTAINABLE FINANCIAL HUB IN THE REGION, SEIZE THE HUGE GREEN FINANCIAL OPPORTUNITIES BROUGHT BY THE CONSTRUCTION OF THE GUANGDONG HONG KONG MACAO GREATER BAY AREA AND THE DEVELOPMENT OF THE THE BELT AND ROAD, BECOME AN INVESTMENT AND FINANCING PLATFORM FOR OVERSEAS AND MAINLAND GREEN ENTERPRISES AND PROJECTS, AND RAISE FUNDS THROUGH MULTIPLE CHANNELS SUCH AS ISSUING BONDS, FUNDS, INITIAL PUBLIC OFFERINGS, SO AS TO CONTRIBUTE TO THE COUNTRY'S "DUAL CARBON" GOAL.AS FOR FINTECH, THE SAR GOVERNMENT LAUNCHED A FUNDING SCHEME LAST YEAR TO ENCOURAGE FINTECH COMPANIES TO COLLABORATE WITH FINANCIAL SERVICE INSTITUTIONS IN DEVELOPING INNOVATIVE AND PRACTICAL FINTECH PRODUCTS AND SERVICES. WE ARE ALSO ESTABLISHING A QUALIFICATION FRAMEWORK FOR FINTECH AND PROVIDING ON-THE-JOB TRAINING ALLOWANCES TO EXPAND HONG KONG'S TALENT POOL. THE DEVELOPMENT OF DIGITAL CURRENCIES IS ALSO A TREND, AND THE HONG KONG MONETARY AUTHORITY AND THE PEOPLE'S BANK OF CHINA'S DIGITAL CURRENCY RESEARCH INSTITUTE ARE TESTING THE TECHNOLOGY OF USING DIGITAL RMB FOR CROSS-BORDER PAYMENTS IN HONG KONG; WE ARE ALSO STUDYING THE FEASIBILITY OF ISSUING A 'DIGITAL HONG KONG DOLLAR' IN HONG KONG. IN ORDER TO SPEED UP THE LAUNCH OF CROSS-BORDER FINTECH PRODUCTS AND REDUCE COSTS, THE PEOPLE'S BANK OF CHINA AND THE HONG KONG MONETARY AUTHORITY SIGNED A MEMORANDUM OF UNDERSTANDING LAST OCTOBER TO PROVIDE A "ONE-STOP" PLATFORM FOR CROSS-BORDER FINTECH PROJECTS TO BE TESTED IN HONG KONG AND THE GREATER BAY AREA AT THE SAME TIME. AT PRESENT, MORE THAN 20 FINANCIAL INSTITUTIONS AND TECHNOLOGY COMPANIES HAVE EXPRESSED INTEREST IN USING THIS PLATFORM.EVEN IN THE FACE OF THE CHALLENGES OF THE COVID-19 EPIDEMIC, HONG KONG'S FINANCIAL SYSTEM REMAINS STABLE AND ITS BUSINESS IS STILL THRIVING. THE LINKED EXCHANGE RATE SYSTEM OPERATES WELL, WITH HONG KONG'S FOREIGN EXCHANGE RESERVES EXCEEDING HKD 3.7 TRILLION BY THE END OF MARCH 2022, APPROXIMATELY 1.8 TIMES THE MONETARY BASE, EFFECTIVELY MAINTAINING CURRENCY STABILITY AND MARKET CONFIDENCE. THE BANKING SYSTEM REMAINS STABLE, WITH TOTAL DEPOSITS INCREASING BY 4.6% YEAR-ON-YEAR IN 2021 AND 0.8% IN THE FIRST FOUR MONTHS OF THIS YEAR. THE LIQUIDITY COVERAGE RATIO AND CAPITAL ADEQUACY RATIO OF MAJOR BANKS ARE FAR HIGHER THAN INTERNATIONAL REGULATORY STANDARDS; OTHER LINKS IN THE FINANCIAL SERVICES INDUSTRY, SUCH AS THE SECURITIES AND INSURANCE MARKETS, OPERATE IN AN ORDERLY MANNER. THE STOCK MARKET IS THRIVING, WITH DAILY AVERAGE TRANSACTIONS EXCEEDING HKD 160 BILLION LAST YEAR.LADIES AND GENTLEMEN, DESPITE THE INCREASING COMPLEXITY OF GEOPOLITICS AND THE CHALLENGES FACING THE GLOBAL ECONOMY, I HAVE FULL CONFIDENCE IN THE FUTURE DEVELOPMENT OF OUR COUNTRY AND HONG KONG. IN THE "WORLD OF TOMORROW", THE COUNTRY WILL CONTINUE TO LEAD THE CHINESE PEOPLE TO ACHIEVE THE SECOND CENTURY GOAL AND REALIZE THE GREAT REJUVENATION OF THE CHINESE NATION; AT THE NEW STARTING POINT OF RETURNING TO THE CORRECT TRACK OF 'ONE COUNTRY, TWO SYSTEMS', HONG KONG WILL UNDOUBTEDLY CONTINUE TO LEVERAGE ITS UNIQUE ADVANTAGES, MAINTAIN LONG-TERM PROSPERITY AND STABILITY, AND MAKE ITS DUE CONTRIBUTIONS TO THE HIGH-QUALITY DEVELOPMENT OF THE MOTHERLAND.FINALLY, I WISH THIS FINANCIAL CLOUD SUMMIT A COMPLETE SUCCESS, WITH PHOENIX TV AND PHOENIX NETWORK GETTING BETTER AND BETTER. EVERYONE PRESENT HERE IS HEALTHY AND HAS A GREAT CAREER! THANK YOU ALL.