Internet reports that at the Asian Traders Forum Annual Meeting and Stock Trading Summit 2025, Chairman of the Hong Kong Securities and Futures Commission Wong Tin You said that the Hong Kong Securities and Futures Commission will cooperate with the Hong Kong Stock Exchange to reduce the minimum price of applicable securities in two phases starting from mid-2025. The price is lowered by 50% to 60%, thereby reducing overall transaction costs and improving liquidity. In the medium and long term, the Hong Kong Securities and Futures Commission is studying plans to adjust the number of shares traded per lot, thereby improving the convenience of trading high-priced stocks and broken stocks and further enhancing market liquidity; the Hong Kong Securities and Futures Commission is also cooperating with the Hong Kong Stock Exchange to study and optimize the price discovery process for initial public offerings (IPO). Huang Tianyou said that looking forward to the future, the securities regulatory commissions of the two places are considering comprehensive optimization measures and plan to include more products such as Hong Kong RMB counters, real estate investment trusts, and exchange-traded funds (ETFs) into the Shanghai-Shenzhen-Hong Kong Stock Connect. (Shanghai Stock Exchange)