The Hong Kong Fintech Week 2025 commenced with significant announcements from the People's Bank of China (PBOC) aimed at enhancing financial digitalization. PBOC Vice Governor Lu Lei introduced three key measures: the promotion of 'AI + Finance' policies, the activation of financial data elements for cross-border compliant flows, and enhanced regulatory coordination with Hong Kong and Macau. These initiatives are part of a broader effort to foster cross-border financial innovation. Additionally, the PBOC plans to expand the China International Payment System (CIPS) onshore business, introducing 'Northbound/Southbound Connect' settlement and Hong Kong dollar clearing. This move is expected to improve the efficiency of cross-border bond trading settlements. Meanwhile, Hong Kong's Chief Executive John Lee emphasized support for mainland technology companies' fundraising and encouraged secondary listings of overseas firms, signaling a welcoming stance towards the return of Chinese concept stocks.